Amazon.com (NASDAQ:AMZN) Stock Price Down 0.6% on Insider Selling

Amazon.com, Inc. (NASDAQ:AMZN) traded down 0.6% during mid-day trading on Tuesday following insider selling activity. The stock traded as low as $183.45 and last traded at $185.49. 12,518,624 shares traded hands during mid-day trading, a decline of 71% from the average session volume of 43,156,781 shares. The stock had previously closed at $186.57.

Specifically, CEO Andrew R. Jassy sold 50,000 shares of Amazon.com stock in a transaction dated 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 owns 2,014,055 shares in the company, valued at approximately $339,670,375.75. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In related news, CEO Adam Selipsky sold 500 shares of the business's stock in a transaction that occurred on Thursday, March 21st. The stock was sold at an average price of $180.00, for a total transaction of $90,000.00. Following the completion of the sale, the chief executive officer now owns 132,600 shares in the company, valued at $23,868,000. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CEO Andrew R. Jassy sold 50,000 shares of the business's stock in a transaction that occurred 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 sale, the chief executive officer now owns 2,014,055 shares of the company's stock, valued at approximately $339,670,375.75. The disclosure for this sale can be found here. In the last quarter, insiders sold 14,180,094 shares of company stock worth $2,399,652,430. 10.80% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

Several research analysts have commented on AMZN shares. Barclays lifted their price target on Amazon.com from $220.00 to $230.00 and gave the stock an "overweight" rating in a research report on Wednesday, May 1st. Loop Capital boosted their target price on Amazon.com from $215.00 to $225.00 and gave the company a "buy" rating in a report on Monday, May 6th. Wedbush reissued an "outperform" rating and issued a $225.00 target price on shares of Amazon.com in a report on Wednesday, May 1st. Argus boosted their target price on Amazon.com from $185.00 to $205.00 and gave the company a "buy" rating in a report on Thursday, May 2nd. Finally, Deutsche Bank Aktiengesellschaft boosted their target price on Amazon.com from $175.00 to $200.00 and gave the company a "buy" rating in a report on Friday, February 2nd. One research analyst has rated the stock with a hold rating, forty-four have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of "Buy" and an average price target of $211.62.

Amazon.com Stock Up 0.3 %

The company has a market capitalization of $1.95 trillion, a price-to-earnings ratio of 52.40, a P/E/G ratio of 1.36 and a beta of 1.15. The firm has a 50 day moving average price of $180.52 and a two-hundred day moving average price of $163.43. The company has a quick ratio of 0.87, a current ratio of 1.07 and a debt-to-equity ratio of 0.27.

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

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of the company. Vanguard Group Inc. lifted its holdings in Amazon.com by 1.9% during the 1st quarter. Vanguard Group Inc. now owns 785,811,114 shares of the e-commerce giant's stock worth $141,744,609,000 after buying an additional 14,724,687 shares during the last quarter. FMR LLC lifted its holdings in shares of Amazon.com by 7.7% in the 3rd quarter. FMR LLC now owns 302,101,441 shares of the e-commerce giant's stock worth $38,403,135,000 after purchasing an additional 21,649,871 shares during the last quarter. Norges Bank bought a new stake in shares of Amazon.com in the 4th quarter worth approximately $17,700,551,000. Northern Trust Corp lifted its holdings in shares of Amazon.com by 3.7% in the 3rd quarter. Northern Trust Corp now owns 92,329,336 shares of the e-commerce giant's stock worth $11,736,905,000 after purchasing an additional 3,260,411 shares during the last quarter. Finally, Capital Research Global Investors increased its position in Amazon.com by 8.5% in the 1st quarter. Capital Research Global Investors now owns 86,982,857 shares of the e-commerce giant's stock valued at $15,689,968,000 after acquiring an additional 6,810,145 shares during the period. Institutional investors own 72.20% of the company's stock.

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.