Keith Brian Alexander Sells 1,000 Shares of Amazon.com, Inc. (NASDAQ:AMZN) Stock

Amazon.com, Inc. (NASDAQ:AMZN) Director Keith Brian Alexander sold 1,000 shares of the company's stock in a transaction on Monday, May 12th. The shares were sold at an average price of $210.68, for a total value of $210,680.00. Following the transaction, the director now directly owns 5,465 shares in the company, valued at approximately $1,151,366.20. The trade was a 15.47% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.

Amazon.com Stock Down 0.5%

AMZN stock traded down $1.12 during trading on Wednesday, reaching $210.25. 38,323,768 shares of the company traded hands, compared to its average volume of 41,980,232. The company has a market capitalization of $2.23 trillion, a price-to-earnings ratio of 38.02, a price-to-earnings-growth ratio of 1.50 and a beta of 1.30. The business has a 50 day simple moving average of $188.72 and a 200 day simple moving average of $208.27. Amazon.com, Inc. has a 12 month low of $151.61 and a 12 month high of $242.52. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.87 and a current ratio of 1.06.

Amazon.com (NASDAQ:AMZN - Get Free Report) last announced its earnings results on Thursday, May 1st. The e-commerce giant reported $1.59 earnings per share for the quarter, topping the consensus estimate of $1.38 by $0.21. Amazon.com had a return on equity of 24.25% and a net margin of 9.29%. The firm had revenue of $155.67 billion for the quarter, compared to the consensus estimate of $154.96 billion. During the same period in the previous year, the business earned $0.98 EPS. The firm's revenue for the quarter was up 8.6% on a year-over-year basis. On average, equities research analysts anticipate that Amazon.com, Inc. will post 6.31 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on AMZN. Canaccord Genuity Group reiterated a "buy" rating on shares of Amazon.com in a research note on Thursday, February 13th. Raymond James reissued an "outperform" rating and issued a $195.00 price objective (down previously from $275.00) on shares of Amazon.com in a report on Monday, April 21st. Benchmark reissued a "buy" rating and issued a $260.00 price objective on shares of Amazon.com in a report on Friday, May 2nd. BNP Paribas upgraded shares of Amazon.com to a "hold" rating in a research note on Wednesday, April 30th. Finally, Rosenblatt Securities lifted their target price on Amazon.com from $287.00 to $288.00 and gave the company a "buy" rating in a research note on Friday, May 2nd. Four equities research analysts have rated the stock with a hold rating and forty-four have issued a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $244.09.

Hedge Funds Weigh In On Amazon.com

Several hedge funds and other institutional investors have recently modified their holdings of AMZN. J. Stern & Co. LLP boosted its holdings in shares of Amazon.com by 8.6% in the 1st quarter. J. Stern & Co. LLP now owns 387,699 shares of the e-commerce giant's stock valued at $73,764,000 after acquiring an additional 30,728 shares during the last quarter. Harvest Portfolios Group Inc. grew its stake in Amazon.com by 69.1% in the 1st quarter. Harvest Portfolios Group Inc. now owns 176,884 shares of the e-commerce giant's stock valued at $33,654,000 after acquiring an additional 72,278 shares during the period. WealthTrust Axiom LLC grew its position in shares of Amazon.com by 3.1% in the first quarter. WealthTrust Axiom LLC now owns 11,198 shares of the e-commerce giant's stock valued at $2,131,000 after purchasing an additional 339 shares during the period. South Plains Financial Inc. boosted its holdings in Amazon.com by 7.4% in the 1st quarter. South Plains Financial Inc. now owns 15,525 shares of the e-commerce giant's stock worth $2,954,000 after buying an additional 1,070 shares during the last quarter. Finally, Talisman Wealth Advisors LLC boosted its stake in shares of Amazon.com by 2.1% in the first quarter. Talisman Wealth Advisors LLC now owns 4,743 shares of the e-commerce giant's stock worth $902,000 after acquiring an additional 96 shares during the last quarter. 72.20% of the stock is owned by hedge funds and other institutional investors.

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.

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