Insider Selling: Amazon.com, Inc. (NASDAQ:AMZN) Director Sells 1,000 Shares of Stock

Amazon.com, Inc. (NASDAQ:AMZN) Director Keith Brian Alexander sold 1,000 shares of the business's stock in a transaction on Monday, May 6th. The stock was sold at an average price of $186.22, for a total value of $186,220.00. Following the completion of the sale, the director now directly owns 4,760 shares in the company, valued at $886,407.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.

Amazon.com Price Performance

Shares of Amazon.com stock traded down $0.76 during trading hours on Wednesday, hitting $188.00. The company's stock had a trading volume of 25,775,471 shares, compared to its average volume of 43,832,520. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.87 and a current ratio of 1.07. Amazon.com, Inc. has a 12-month low of $105.16 and a 12-month high of $189.94. The business has a 50 day moving average price of $179.60 and a two-hundred day moving average price of $161.63. The company has a market cap of $1.96 trillion, a PE ratio of 52.66, a PEG ratio of 1.35 and a beta of 1.15.

Amazon.com (NASDAQ:AMZN - Get Free Report) last posted its quarterly earnings results on Tuesday, April 30th. The e-commerce giant reported $0.98 earnings per share for the quarter, topping the consensus estimate of $0.83 by $0.15. The business had revenue of $143.31 billion during the quarter, compared to the consensus estimate of $142.65 billion. Amazon.com had a return on equity of 19.86% and a net margin of 6.38%. The firm's revenue for the quarter was up 12.5% compared to the same quarter last year. During the same period in the prior year, the company posted $0.31 EPS. Analysts expect that Amazon.com, Inc. will post 4.67 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Amazon.com

Several institutional investors have recently bought and sold shares of AMZN. Ridgecrest Wealth Partners LLC increased its holdings in shares of Amazon.com by 0.7% in the first quarter. Ridgecrest Wealth Partners LLC now owns 7,755 shares of the e-commerce giant's stock worth $1,399,000 after purchasing an additional 56 shares during the last quarter. Stordahl Capital Management Inc. boosted its position in shares of Amazon.com by 2.1% during the 1st quarter. Stordahl Capital Management Inc. now owns 2,763 shares of the e-commerce giant's stock valued at $498,000 after acquiring an additional 56 shares during the last quarter. Lutz Financial Services LLC grew its holdings in shares of Amazon.com by 1.9% in the first quarter. Lutz Financial Services LLC now owns 3,053 shares of the e-commerce giant's stock valued at $551,000 after purchasing an additional 57 shares in the last quarter. O Dell Group LLC increased its position in Amazon.com by 0.4% in the first quarter. O Dell Group LLC now owns 13,638 shares of the e-commerce giant's stock worth $2,460,000 after purchasing an additional 57 shares during the last quarter. Finally, Echo45 Advisors LLC grew its stake in shares of Amazon.com by 0.9% in the 1st quarter. Echo45 Advisors LLC now owns 6,619 shares of the e-commerce giant's stock worth $1,194,000 after buying an additional 59 shares in the last quarter. 72.20% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of brokerages recently issued reports on AMZN. Monness Crespi & Hardt upped their price target on shares of Amazon.com from $215.00 to $225.00 and gave the stock a "buy" rating in a research note on Wednesday, May 1st. BMO Capital Markets increased their price target on shares of Amazon.com from $215.00 to $220.00 and gave the company an "outperform" rating in a report on Wednesday, May 1st. Roth Mkm reissued a "buy" rating and set a $210.00 price target (up previously from $205.00) on shares of Amazon.com in a research report on Wednesday, May 1st. Needham & Company LLC reaffirmed a "buy" rating and issued a $205.00 price objective on shares of Amazon.com in a research report on Wednesday, May 1st. Finally, JMP Securities reissued a "market outperform" rating and issued a $225.00 target price on shares of Amazon.com in a report on Wednesday, May 1st. One research analyst has rated the stock with a hold rating, forty-four have assigned a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat, Amazon.com has a consensus rating of "Buy" and an average target price of $211.62.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.