Jeffrey P. Bezos Sells 384,124 Shares of Amazon.com, Inc. (NASDAQ:AMZN) Stock

Amazon.com, Inc. (NASDAQ:AMZN) insider Jeffrey P. Bezos sold 384,124 shares of Amazon.com stock in a transaction that occurred on Wednesday, July 9th. The shares were sold at an average price of $224.02, for a total value of $86,051,458.48. Following the sale, the insider directly owned 901,995,325 shares in the company, valued at approximately $202,064,992,706.50. This trade represents a 0.04% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

Amazon.com Stock Up 1.2%

Shares of NASDAQ:AMZN traded up $2.76 during midday trading on Friday, reaching $225.02. The company had a trading volume of 50,481,094 shares, compared to its average volume of 42,135,277. The company has a quick ratio of 0.84, a current ratio of 1.05 and a debt-to-equity ratio of 0.17. The business's 50 day moving average price is $209.90 and its 200 day moving average price is $208.49. The stock has a market cap of $2.39 trillion, a PE ratio of 36.65, a P/E/G ratio of 1.69 and a beta of 1.33. Amazon.com, Inc. has a 1-year low of $151.61 and a 1-year high of $242.52.

Amazon.com (NASDAQ:AMZN - Get Free Report) last released its earnings results on Thursday, May 1st. The e-commerce giant reported $1.59 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.38 by $0.21. The business had revenue of $155.67 billion for the quarter, compared to the consensus estimate of $154.96 billion. Amazon.com had a return on equity of 24.14% and a net margin of 10.14%. Amazon.com's quarterly revenue was up 8.6% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.98 earnings per share. Research analysts forecast that Amazon.com, Inc. will post 6.31 EPS for the current fiscal year.

Hedge Funds Weigh In On Amazon.com

A number of institutional investors have recently bought and sold shares of the business. Tallon Kerry Patrick acquired a new position in shares of Amazon.com in the fourth quarter valued at approximately $800,000. Capital & Planning LLC grew its position in shares of Amazon.com by 72.1% in the fourth quarter. Capital & Planning LLC now owns 3,902 shares of the e-commerce giant's stock valued at $856,000 after purchasing an additional 1,635 shares during the last quarter. LaFleur & Godfrey LLC grew its position in shares of Amazon.com by 1.8% in the fourth quarter. LaFleur & Godfrey LLC now owns 49,407 shares of the e-commerce giant's stock valued at $10,839,000 after purchasing an additional 860 shares during the last quarter. Brighton Jones LLC grew its position in shares of Amazon.com by 10.9% in the fourth quarter. Brighton Jones LLC now owns 4,036,091 shares of the e-commerce giant's stock valued at $885,478,000 after purchasing an additional 397,007 shares during the last quarter. Finally, Union Bancaire Privee UBP SA acquired a new position in shares of Amazon.com in the fourth quarter valued at approximately $301,650,000. Institutional investors and hedge funds own 72.20% of the company's stock.

Wall Street Analyst Weigh In

A number of research firms have weighed in on AMZN. Needham & Company LLC restated a "buy" rating and issued a $220.00 target price on shares of Amazon.com in a research report on Friday, May 2nd. Morgan Stanley upped their target price on Amazon.com from $250.00 to $300.00 and gave the stock an "overweight" rating in a research report on Thursday. Royal Bank Of Canada cut their target price on Amazon.com from $235.00 to $230.00 and set an "outperform" rating for the company in a research report on Friday, May 2nd. Mizuho cut their target price on Amazon.com from $285.00 to $255.00 and set an "outperform" rating for the company in a research report on Wednesday, April 9th. Finally, Raymond James Financial restated an "outperform" rating and issued a $195.00 target price (down from $275.00) on shares of Amazon.com in a research report on Monday, April 21st. Three equities research analysts have rated the stock with a hold rating, forty-five have given a buy rating and two have issued a strong buy rating to the company's stock. Based on data from MarketBeat, Amazon.com currently has an average rating of "Moderate Buy" and an average target price of $249.42.

About Amazon.com

Amazon.com, Inc engages in the retail sale of consumer products, advertising, and subscriptions service through online and physical stores in North America and internationally. The company operates through three segments: North America, International, and Amazon Web Services (AWS). It also manufactures and sells electronic devices, including Kindle, Fire tablets, Fire TVs, Echo, Ring, Blink, and eero; and develops and produces media content.