Amazon.com (NASDAQ:AMZN) Stock Price Down 1.4% After Insider Selling

Amazon.com, Inc. (NASDAQ:AMZN)’s stock price was down 1.4% on Thursday following insider selling activity. The stock traded as low as $226.80 and last traded at $229.11. Approximately 45,347,212 shares traded hands during trading, an increase of 0% from the average daily volume of 45,223,023 shares. The stock had previously closed at $232.38.

Specifically, CEO Douglas J. Herrington sold 2,500 shares of Amazon.com stock in a transaction dated Monday, December 1st. The shares were sold at an average price of $233.22, for a total transaction of $583,050.00. Following the sale, the chief executive officer directly owned 505,934 shares in the company, valued at $117,993,927.48. The trade was a 0.49% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.

Wall Street Analyst Weigh In

Several research firms have commented on AMZN. Monness Crespi & Hardt raised their target price on shares of Amazon.com from $275.00 to $300.00 and gave the company a “buy” rating in a research note on Friday, October 31st. Evercore ISI increased their price target on Amazon.com from $280.00 to $335.00 and gave the company an “outperform” rating in a research note on Friday, October 31st. Rosenblatt Securities reissued a “buy” rating and issued a $305.00 price objective on shares of Amazon.com in a research note on Thursday. Roth Capital upped their price objective on Amazon.com from $250.00 to $270.00 and gave the company a “buy” rating in a report on Friday, October 31st. Finally, Telsey Advisory Group raised their target price on Amazon.com from $265.00 to $300.00 and gave the company an “outperform” rating in a research note on Friday, October 31st. One research analyst has rated the stock with a Strong Buy rating, fifty-seven have given a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $295.93.

Amazon.com Stock Up 0.2%

The business’s 50 day simple moving average is $228.58 and its 200 day simple moving average is $223.81. The company has a market capitalization of $2.45 trillion, a PE ratio of 32.42, a price-to-earnings-growth ratio of 1.58 and a beta of 1.37. The company has a quick ratio of 0.80, a current ratio of 1.01 and a debt-to-equity ratio of 0.14.

Amazon.com (NASDAQ:AMZN) last released its quarterly earnings results on Thursday, October 30th. The e-commerce giant reported $1.95 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.57 by $0.38. Amazon.com had a net margin of 11.06% and a return on equity of 23.62%. The business had revenue of $180.17 billion for the quarter, compared to analyst estimates of $177.53 billion. During the same quarter in the previous year, the business earned $1.43 earnings per share. The firm’s revenue was up 13.4% compared to the same quarter last year. As a group, analysts forecast that Amazon.com, Inc. will post 6.31 EPS for the current year.

Institutional Investors Weigh In On Amazon.com

A number of institutional investors have recently modified their holdings of the stock. Barlow Wealth Partners Inc. grew its stake in shares of Amazon.com by 0.4% in the 2nd quarter. Barlow Wealth Partners Inc. now owns 12,565 shares of the e-commerce giant’s stock valued at $2,763,000 after buying an additional 44 shares in the last quarter. Ridgecrest Wealth Partners LLC lifted its stake in Amazon.com by 0.5% in the second quarter. Ridgecrest Wealth Partners LLC now owns 8,399 shares of the e-commerce giant’s stock valued at $1,843,000 after acquiring an additional 45 shares during the last quarter. Probity Advisors Inc. grew its position in Amazon.com by 0.4% in the second quarter. Probity Advisors Inc. now owns 12,157 shares of the e-commerce giant’s stock worth $2,667,000 after acquiring an additional 45 shares in the last quarter. IMPACTfolio LLC grew its position in Amazon.com by 3.8% in the third quarter. IMPACTfolio LLC now owns 1,225 shares of the e-commerce giant’s stock worth $269,000 after acquiring an additional 45 shares in the last quarter. Finally, Cadence Wealth Management LLC increased its stake in shares of Amazon.com by 3.5% during the 3rd quarter. Cadence Wealth Management LLC now owns 1,328 shares of the e-commerce giant’s stock worth $292,000 after purchasing an additional 45 shares during the last quarter. Institutional investors and hedge funds 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.