Amazon.com (NASDAQ:AMZN) Shares Down 0.6% After Insider Selling

Amazon.com, Inc. (NASDAQ:AMZN)'s stock price traded down 0.6% on Monday following insider selling activity. The stock traded as low as $186.31 and last traded at $186.41. 6,673,926 shares changed hands during trading, a decline of 85% from the average session volume of 43,305,676 shares. The stock had previously closed at $187.48.Specifically, CEO Andrew R. Jassy sold 50,000 shares of the company's stock in a transaction on Friday, February 16th. The shares were sold at an average price of $168.65, for a total value of $8,432,500.00. Following the completion of the sale, the chief executive officer now owns 2,014,055 shares in the company, valued at approximately $339,670,375.75. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In related news, CEO Andrew R. Jassy sold 22,048 shares of Amazon.com stock in a transaction on Wednesday, February 21st. The stock was sold at an average price of $168.79, for a total transaction of $3,721,481.92. Following the sale, the chief executive officer now directly owns 2,044,182 shares in the company, valued at $345,037,479.78. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Andrew R. Jassy sold 50,000 shares of the business's stock in a transaction on Friday, February 16th. The stock was sold at an average price of $168.65, for a total value of $8,432,500.00. Following the completion of the transaction, the chief executive officer now directly owns 2,014,055 shares in the company, valued at approximately $339,670,375.75. The disclosure for this sale can be found here. In the last three months, insiders have sold 14,180,094 shares of company stock worth $2,399,652,430. Corporate insiders own 10.80% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on the stock. DA Davidson reissued a "buy" rating and issued a $235.00 price target on shares of Amazon.com in a report on Thursday, April 18th. Benchmark reissued a "buy" rating and set a $200.00 target price on shares of Amazon.com in a research report on Wednesday, May 1st. Royal Bank of Canada lifted their price target on shares of Amazon.com from $180.00 to $215.00 and gave the stock an "outperform" rating in a report on Friday, February 2nd. Deutsche Bank Aktiengesellschaft increased their price objective on Amazon.com from $175.00 to $200.00 and gave the company a "buy" rating in a report on Friday, February 2nd. Finally, Truist Financial boosted their target price on Amazon.com from $216.00 to $220.00 and gave the company a "buy" rating in a research note on Wednesday, May 1st. One research analyst has rated the stock with a hold rating, forty-four have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of "Buy" and an average price target of $211.62.

Amazon.com Stock Performance

The business's fifty day simple moving average is $180.34 and its 200-day simple moving average is $162.95. The firm has a market cap of $1.94 trillion, a P/E ratio of 52.22, a price-to-earnings-growth ratio of 1.36 and a beta of 1.15. The company has a current ratio of 1.07, a quick ratio of 0.87 and a debt-to-equity ratio of 0.27.

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

Hedge Funds Weigh In On Amazon.com

Several hedge funds have recently made changes to their positions in the business. Home Federal Bank of Tennessee lifted its position in Amazon.com by 5.0% during the 3rd quarter. Home Federal Bank of Tennessee now owns 2,098 shares of the e-commerce giant's stock valued at $267,000 after acquiring an additional 100 shares during the period. Atlas Private Wealth Management boosted its position in shares of Amazon.com by 19.5% in the 3rd quarter. Atlas Private Wealth Management now owns 5,809 shares of the e-commerce giant's stock worth $738,000 after purchasing an additional 949 shares in the last quarter. Sweet Financial Partners LLC grew its stake in shares of Amazon.com by 3.5% in the 3rd quarter. Sweet Financial Partners LLC now owns 13,759 shares of the e-commerce giant's stock worth $1,749,000 after buying an additional 469 shares during the last quarter. Deltec Asset Management LLC boosted its holdings in Amazon.com by 29.4% in the third quarter. Deltec Asset Management LLC now owns 191,966 shares of the e-commerce giant's stock worth $24,403,000 after acquiring an additional 43,560 shares in the last quarter. Finally, Edmp Inc. boosted its holdings in Amazon.com by 4.9% in the third quarter. Edmp Inc. now owns 11,667 shares of the e-commerce giant's stock worth $1,483,000 after acquiring an additional 546 shares in the last quarter. 72.20% of the stock is owned by hedge funds and other institutional investors.

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.