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 the company's stock in a transaction 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 completion of the transaction, 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.

Amazon.com Stock Performance

AMZN stock traded up $2.79 during midday trading on Friday, reaching $225.05. 28,071,130 shares of the company's stock traded hands, compared to its average volume of 42,014,824. Amazon.com, Inc. has a 52-week low of $151.61 and a 52-week high of $242.52. The stock has a market cap of $2.39 trillion, a P/E ratio of 36.69, a PEG ratio of 1.67 and a beta of 1.33. The company has a current ratio of 1.05, a quick ratio of 0.84 and a debt-to-equity ratio of 0.17. The stock's 50-day moving average is $209.20 and its 200 day moving average is $208.66.

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

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in AMZN. Castlekeep Investment Advisors LLC acquired a new position in Amazon.com during the fourth quarter worth $25,000. Prudent Man Investment Management Inc. purchased a new stake in shares of Amazon.com during the fourth quarter worth $27,000. Carderock Capital Management Inc. purchased a new stake in shares of Amazon.com during the second quarter worth $27,000. LSV Asset Management purchased a new stake in shares of Amazon.com during the fourth quarter worth $35,000. Finally, Cooksen Wealth LLC purchased a new stake in shares of Amazon.com during the first quarter worth $36,000. Hedge funds and other institutional investors own 72.20% of the company's stock.

Analyst Ratings Changes

A number of equities research analysts have issued reports on the company. JPMorgan Chase & Co. increased their price target on Amazon.com from $240.00 to $255.00 and gave the company an "overweight" rating in a research report on Friday. Morgan Stanley boosted 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. Oppenheimer upped their target price on Amazon.com from $215.00 to $250.00 and gave the company an "outperform" rating in a research note on Friday, June 20th. Telsey Advisory Group reaffirmed an "outperform" rating and issued a $235.00 target price on shares of Amazon.com in a research report on Thursday. Finally, Piper Sandler reissued an "overweight" rating and issued a $212.00 price target (down previously from $215.00) on shares of Amazon.com in a report on Friday, May 2nd. Three investment analysts have rated the stock with a hold rating, forty-five have issued a buy rating and two have assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $248.63.

Amazon.com Company Profile

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.