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 that occurred 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 sale, the director now owns 4,760 shares of the company’s stock, valued at approximately $886,407.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Amazon.com Stock Performance

Shares of NASDAQ AMZN opened at $189.50 on Friday. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.07 and a quick ratio of 0.87. The company has a market cap of $1.97 trillion, a PE ratio of 53.08, a price-to-earnings-growth ratio of 1.35 and a beta of 1.15. The company has a 50-day simple moving average of $179.90 and a 200-day simple moving average of $161.81. Amazon.com, Inc. has a 12 month low of $108.05 and a 12 month high of $191.70.

Amazon.com (NASDAQ:AMZN) last released its earnings results on Tuesday, April 30th. The e-commerce giant reported $0.98 EPS for the quarter, topping the consensus estimate of $0.83 by $0.15. Amazon.com had a net margin of 6.38% and a return on equity of 19.86%. The firm had revenue of $143.31 billion during the quarter, compared to analysts’ expectations of $142.65 billion. During the same period in the previous year, the company earned $0.31 EPS. Amazon.com’s revenue for the quarter was up 12.5% on a year-over-year basis. On average, equities analysts anticipate that Amazon.com, Inc. will post 4.67 earnings per share for the current year.

Analysts Set New Price Targets

Several equities research analysts recently commented on the stock. Morgan Stanley lifted their price target on shares of Amazon.com from $215.00 to $220.00 and gave the stock an “overweight” rating in a research note on Wednesday, May 1st. TD Cowen raised their price target on Amazon.com from $200.00 to $225.00 and gave the stock an “outperform” rating in a research note on Friday, February 2nd. Mizuho increased their price objective on Amazon.com from $230.00 to $240.00 and gave the company a “buy” rating in a report on Wednesday, May 1st. Benchmark reiterated a “buy” rating and issued a $200.00 price target on shares of Amazon.com in a research report on Wednesday, May 1st. Finally, Evercore ISI lifted their price objective on shares of Amazon.com from $220.00 to $225.00 and gave the company an “outperform” rating in a research note 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 given a strong buy rating to the company’s stock. Based on data from MarketBeat, Amazon.com has an average rating of “Buy” and an average price target of $211.62.

Hedge Funds Weigh In On Amazon.com

Large investors have recently added to or reduced their stakes in the business. Members Trust Co boosted its position in shares of Amazon.com by 8.9% in the fourth quarter. Members Trust Co now owns 4,157 shares of the e-commerce giant’s stock worth $638,000 after acquiring an additional 341 shares during the last quarter. Cherrydale Wealth Management LLC raised its stake in Amazon.com by 14.7% during the fourth quarter. Cherrydale Wealth Management LLC now owns 5,260 shares of the e-commerce giant’s stock worth $799,000 after purchasing an additional 675 shares during the period. Tompkins Financial Corp boosted its holdings in shares of Amazon.com by 3.3% in the 4th quarter. Tompkins Financial Corp now owns 71,576 shares of the e-commerce giant’s stock valued at $10,875,000 after purchasing an additional 2,273 shares during the last quarter. Nicholas Company Inc. grew its stake in shares of Amazon.com by 3.9% during the 3rd quarter. Nicholas Company Inc. now owns 705,065 shares of the e-commerce giant’s stock valued at $89,628,000 after buying an additional 26,465 shares during the period. Finally, Nordea Investment Management AB increased its holdings in shares of Amazon.com by 5.4% during the 4th quarter. Nordea Investment Management AB now owns 5,397,520 shares of the e-commerce giant’s stock worth $825,065,000 after buying an additional 277,631 shares during the last quarter. 72.20% of the stock is currently 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.