Adam Selipsky Sells 10,756 Shares of Amazon.com, Inc. (NASDAQ:AMZN) Stock

Amazon.com, Inc. (NASDAQ:AMZN) CEO Adam Selipsky sold 10,756 shares of the stock in a transaction on Wednesday, November 15th. The shares were sold at an average price of $144.60, for a total value of $1,555,317.60. Following the completion of the sale, the chief executive officer now directly owns 117,904 shares of the company’s stock, valued at $17,048,918.40. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink.

Adam Selipsky also recently made the following trade(s):

• On Friday, November 3rd, Adam Selipsky sold 500 shares of Amazon.com stock. The shares were sold at an average price of $139.00, for a total value of $69,500.00.
• On Thursday, October 19th, Adam Selipsky sold 500 shares of Amazon.com stock. The shares were sold at an average price of $130.53, for a total value of $65,265.00.
• On Thursday, October 5th, Adam Selipsky sold 500 shares of Amazon.com stock. The shares were sold at an average price of $126.64, for a total value of $63,320.00.
• On Wednesday, September 20th, Adam Selipsky sold 500 shares of Amazon.com stock. The shares were sold at an average price of $138.48, for a total value of $69,240.00.

Amazon.com Stock Performance

Shares of NASDAQ AMZN opened at $145.18 on Friday. The company has a current ratio of 0.98, a quick ratio of 0.74 and a debt-to-equity ratio of 0.33. The stock’s 50-day moving average is $133.72 and its 200 day moving average is $129.59. The stock has a market cap of $1.50 trillion, a price-to-earnings ratio of 75.22, a P/E/G ratio of 1.93 and a beta of 1.17. Amazon.com, Inc. has a 1-year low of $81.43 and a 1-year high of $147.29.

Amazon.com (NASDAQ:AMZN) last issued its earnings results on Thursday, October 26th. The e-commerce giant reported $0.85 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.58 by $0.27. Amazon.com had a net margin of 3.62% and a return on equity of 12.75%. The firm had revenue of $143.08 billion for the quarter, compared to analysts’ expectations of $141.53 billion. On average, sell-side analysts anticipate that Amazon.com, Inc. will post 2.6 EPS for the current fiscal year.

Hedge Funds Weigh In On Amazon.com

Several hedge funds and other institutional investors have recently modified their holdings of the company. Bridgefront Capital LLC purchased a new stake in Amazon.com in the first quarter worth $228,000. Krane Funds Advisors LLC lifted its position in shares of Amazon.com by 239.1% in the 1st quarter. Krane Funds Advisors LLC now owns 78 shares of the e-commerce giant’s stock worth $254,000 after purchasing an additional 55 shares during the period. Range Financial Group LLC bought a new stake in shares of Amazon.com during the 1st quarter valued at about $258,000. My Personal CFO LLC purchased a new position in shares of Amazon.com during the first quarter valued at about $261,000. Finally, Worth Asset Management LLC bought a new position in Amazon.com in the first quarter worth about $191,000. 57.96% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on the company. Piper Sandler upped their price objective on Amazon.com from $175.00 to $185.00 and gave the company an “overweight” rating in a research note on Thursday, August 24th. Stifel Nicolaus assumed coverage on Amazon.com in a research note on Tuesday, October 17th. They issued a “buy” rating and a $173.00 price objective for the company. Wells Fargo & Company restated an “overweight” rating and issued a $165.00 price objective on shares of Amazon.com in a research note on Tuesday, October 10th. Susquehanna upped their price objective on Amazon.com from $150.00 to $185.00 and gave the company a “positive” rating in a research note on Friday, August 4th. Finally, Credit Suisse Group upped their price objective on Amazon.com from $176.00 to $189.00 and gave the company an “outperform” rating in a research note on Friday, August 4th. One equities research analyst has rated the stock with a hold rating and forty-four have assigned a buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $168.93.

Amazon.com Company Profile

Amazon.com, Inc engages in the retail sale of consumer products and subscriptions through online and physical stores in North America and internationally. It operates through three segments: North America, International, and Amazon Web Services (AWS). The company's products offered through its stores include merchandise and content purchased for resale; and products offered by third-party sellers.