Amazon.com (NASDAQ:AMZN) Shares Down 0.1% on Insider Selling

Amazon.com, Inc. (NASDAQ:AMZN) traded down 0.1% during trading on Thursday after an insider sold shares in the company. The stock traded as low as $227.63 and last traded at $230.11. 8,615,140 shares traded hands during mid-day trading, a decline of 79% from the average session volume of 41,227,688 shares. The stock had previously closed at $230.26.

Specifically, Director Jonathan Rubinstein sold 4,351 shares of the business’s stock in a transaction on Monday, December 9th. The stock was sold at an average price of $229.85, for a total transaction of $1,000,077.35. Following the transaction, the director now directly owns 88,203 shares in the company, valued at $20,273,459.55. The trade was a 4.70 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.

Analysts Set New Price Targets

Several equities analysts recently commented on the stock. Telsey Advisory Group lifted their target price on shares of Amazon.com from $215.00 to $235.00 and gave the stock an “outperform” rating in a research note on Friday, November 1st. Bank of America boosted their target price on shares of Amazon.com from $210.00 to $230.00 and gave the company a “buy” rating in a research report on Friday, November 1st. Mizuho lifted their price objective on Amazon.com from $240.00 to $260.00 and gave the company an “outperform” rating in a research note on Tuesday. Truist Financial boosted their price objective on Amazon.com from $265.00 to $270.00 and gave the company a “buy” rating in a report on Friday, November 1st. Finally, JMP Securities lifted their price target on Amazon.com from $265.00 to $285.00 and gave the company a “market outperform” rating in a research report on Friday, November 1st. Two investment analysts have rated the stock with a hold rating, forty-one have given a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $237.98.

Amazon.com Trading Down 0.6 %

The business’s 50-day moving average price is $199.89 and its two-hundred day moving average price is $189.07. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.09 and a quick ratio of 0.87. The firm has a market cap of $2.41 trillion, a price-to-earnings ratio of 49.03, a price-to-earnings-growth ratio of 1.52 and a beta of 1.16.

Amazon.com (NASDAQ:AMZN) last released its earnings results on Thursday, October 31st. The e-commerce giant reported $1.43 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.14 by $0.29. The business had revenue of $158.88 billion for the quarter, compared to analysts’ expectations of $157.28 billion. Amazon.com had a net margin of 8.04% and a return on equity of 22.41%. The company’s quarterly revenue was up 11.0% on a year-over-year basis. During the same period last year, the company earned $0.85 earnings per share. Equities analysts expect that Amazon.com, Inc. will post 5.29 earnings per share for the current year.

Institutional Investors Weigh In On Amazon.com

Several institutional investors and hedge funds have recently modified their holdings of the stock. PayPay Securities Corp grew its stake in Amazon.com by 64.6% in the second quarter. PayPay Securities Corp now owns 163 shares of the e-commerce giant’s stock worth $32,000 after purchasing an additional 64 shares in the last quarter. Hoese & Co LLP acquired a new position in Amazon.com during the 3rd quarter valued at approximately $37,000. Bull Oak Capital LLC bought a new position in Amazon.com during the 3rd quarter worth $45,000. Christopher J. Hasenberg Inc increased its position in Amazon.com by 650.0% in the second quarter. Christopher J. Hasenberg Inc now owns 300 shares of the e-commerce giant’s stock worth $58,000 after buying an additional 260 shares during the period. Finally, Values First Advisors Inc. bought a new stake in Amazon.com in the third quarter valued at $56,000. Hedge funds and other 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.