Amazon.com (NASDAQ:AMZN) Trading Down 1.4% on Insider Selling

Amazon.com, Inc. (NASDAQ:AMZN)’s stock price dropped 1.4% during mid-day trading on Friday after an insider sold shares in the company. The stock traded as low as $233.15 and last traded at $232.35. Approximately 12,048,657 shares were traded during trading, a decline of 72% from the average daily volume of 43,755,543 shares. The stock had previously closed at $235.68.

Specifically, CEO Douglas J. Herrington sold 2,500 shares of the firm’s stock in a transaction dated Tuesday, September 2nd. The stock was sold at an average price of $223.49, for a total transaction of $558,725.00. Following the sale, the chief executive officer owned 518,007 shares in the company, valued at $115,769,384.43. This trade represents a 0.48% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on the company. UBS Group reiterated a “buy” rating and issued a $271.00 price objective (up previously from $249.00) on shares of Amazon.com in a report on Monday, July 28th. Sanford C. Bernstein set a $235.00 price objective on Amazon.com and gave the stock an “outperform” rating in a report on Tuesday, July 1st. Bank of America lifted their price objective on Amazon.com from $265.00 to $272.00 and gave the stock a “buy” rating in a report on Friday, August 1st. Cowen reiterated a “buy” rating on shares of Amazon.com in a report on Friday, August 1st. Finally, Wells Fargo & Company lifted their price objective on Amazon.com from $238.00 to $245.00 and gave the stock an “equal weight” rating in a report on Tuesday, July 29th. Two analysts have rated the stock with a Strong Buy rating, forty-six have given a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Buy” and a consensus price target of $262.87.

Amazon.com Stock Performance

The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.81 and a current ratio of 1.02. The business has a 50-day moving average price of $225.74 and a 200 day moving average price of $208.13. The stock has a market capitalization of $2.48 trillion, a P/E ratio of 35.42, a PEG ratio of 1.58 and a beta of 1.30.

Amazon.com (NASDAQ:AMZN) last released its quarterly earnings data on Thursday, July 31st. The e-commerce giant reported $1.68 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.31 by $0.37. The business had revenue of $167.70 billion for the quarter, compared to analysts’ expectations of $161.80 billion. Amazon.com had a return on equity of 23.84% and a net margin of 10.54%.The firm’s quarterly revenue was up 13.3% on a year-over-year basis. During the same period in the prior year, the firm posted $1.26 EPS. Amazon.com has set its Q3 2025 guidance at EPS. As a group, sell-side analysts forecast that Amazon.com, Inc. will post 6.31 EPS for the current fiscal year.

Hedge Funds Weigh In On Amazon.com

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Castlekeep Investment Advisors LLC purchased a new stake in shares of Amazon.com in the 4th quarter worth $25,000. Carderock Capital Management Inc. purchased a new stake in shares of Amazon.com in the 2nd quarter worth $27,000. Cooksen Wealth LLC purchased a new stake in shares of Amazon.com in the 1st quarter worth $36,000. Inlight Wealth Management LLC purchased a new stake in shares of Amazon.com in the 1st quarter worth $40,000. Finally, Capitol Family Office Inc. purchased a new stake in shares of Amazon.com in the 1st quarter worth $42,000. 72.20% of the stock is owned by 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.