Amazon.com (NASDAQ:AMZN) Trading Down 1.2% on Insider Selling

Amazon.com, Inc. (NASDAQ:AMZN)’s share price dropped 1.2% during trading on Tuesday after an insider sold shares in the company. The stock traded as low as $203.72 and last traded at $203.78. Approximately 7,560,751 shares were traded during mid-day trading, a decline of 82% from the average daily volume of 41,824,906 shares. The stock had previously closed at $206.16.

Specifically, CEO Douglas J. Herrington sold 4,784 shares of the business’s stock in a transaction that occurred on Thursday, May 15th. The stock was sold at an average price of $205.05, for a total value of $980,959.20. Following the completion of the sale, the chief executive officer now directly owns 514,150 shares in the company, valued at approximately $105,426,457.50. The trade was a 0.92% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Keith Brian Alexander sold 1,000 shares of the company’s stock in a transaction on Monday, May 12th. The stock was sold at an average price of $210.68, for a total value of $210,680.00. Following the transaction, the director now owns 5,465 shares of the company’s stock, valued at approximately $1,151,366.20. The trade was a 15.47% decrease in their ownership of the stock. The disclosure for this sale can be found here.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on AMZN shares. Jefferies Financial Group lowered their price objective on Amazon.com from $250.00 to $240.00 and set a “buy” rating for the company in a research note on Tuesday, April 22nd. Canaccord Genuity Group restated a “buy” rating on shares of Amazon.com in a research note on Thursday, February 13th. Citizens Jmp lowered their price objective on Amazon.com from $285.00 to $240.00 and set an “outperform” rating for the company in a research note on Monday, April 14th. DA Davidson lowered their price objective on Amazon.com from $280.00 to $230.00 and set a “buy” rating for the company in a research note on Monday, April 14th. Finally, Deutsche Bank Aktiengesellschaft lowered their price objective on Amazon.com from $287.00 to $206.00 and set a “buy” rating for the company in a research note on Monday, April 14th. Four equities research analysts have rated the stock with a hold rating and forty-four have given a buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $244.09.

Amazon.com Stock Down 1.0%

The stock has a market capitalization of $2.17 trillion, a price-to-earnings ratio of 36.90, a price-to-earnings-growth ratio of 1.50 and a beta of 1.30. The company has a quick ratio of 0.87, a current ratio of 1.06 and a debt-to-equity ratio of 0.18. The firm has a 50-day moving average of $189.68 and a two-hundred day moving average of $208.79.

Amazon.com (NASDAQ:AMZN) last posted its quarterly earnings results on Thursday, May 1st. The e-commerce giant reported $1.59 earnings per share for the quarter, beating the consensus estimate of $1.38 by $0.21. The firm had revenue of $155.67 billion for the quarter, compared to analyst estimates of $154.96 billion. Amazon.com had a return on equity of 24.25% and a net margin of 9.29%. Amazon.com’s quarterly revenue was up 8.6% on a year-over-year basis. During the same period in the previous year, the firm earned $0.98 earnings per share. As a group, sell-side analysts anticipate that Amazon.com, Inc. will post 6.31 earnings per share for the current year.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the business. Castlekeep Investment Advisors LLC acquired a new position in Amazon.com in the 4th quarter worth about $25,000. Accordant Advisory Group Inc increased its position in Amazon.com by 400.0% in the 4th quarter. Accordant Advisory Group Inc now owns 125 shares of the e-commerce giant’s stock worth $27,000 after purchasing an additional 100 shares during the last quarter. Prudent Man Investment Management Inc. acquired a new position in Amazon.com in the 4th quarter worth about $27,000. LSV Asset Management acquired a new position in Amazon.com in the 4th quarter worth about $35,000. Finally, Cooksen Wealth LLC acquired a new position in Amazon.com in the 1st quarter worth about $36,000. 72.20% of the stock is owned by institutional investors and hedge funds.

About Amazon.com

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.