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

Amazon.com, Inc. (NASDAQ:AMZN)’s share price fell 1.4% during mid-day trading on Thursday after an insider sold shares in the company. The stock traded as low as $226.80 and last traded at $229.11. 45,347,212 shares were traded during mid-day trading, an increase of 0% from the average session volume of 45,223,023 shares. The stock had previously closed at $232.38.

Specifically, CEO Douglas J. Herrington sold 2,500 shares of the business’s stock in a transaction that occurred on Monday, December 1st. The stock was sold at an average price of $233.22, for a total value of $583,050.00. Following the sale, the chief executive officer owned 505,934 shares of the company’s stock, valued at $117,993,927.48. The trade was a 0.49% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on the company. Cowen reiterated a “buy” rating on shares of Amazon.com in a report on Tuesday, November 25th. CIBC boosted their price target on shares of Amazon.com to $315.00 in a research note on Monday, October 20th. UBS Group set a $310.00 price objective on shares of Amazon.com in a research note on Friday, October 31st. HSBC increased their target price on shares of Amazon.com from $260.00 to $285.00 and gave the stock a “buy” rating in a report on Friday, October 31st. Finally, Maxim Group boosted their price target on shares of Amazon.com from $272.00 to $280.00 and gave the stock a “buy” rating in a research note on Friday, October 31st. One analyst has rated the stock with a Strong Buy rating, fifty-seven have given a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat.com, Amazon.com currently has an average rating of “Moderate Buy” and an average price target of $296.11.

Amazon.com Stock Down 1.4%

The business has a 50-day simple moving average of $228.38 and a two-hundred day simple moving average of $223.65. The company has a market capitalization of $2.45 trillion, a price-to-earnings ratio of 32.36, a PEG ratio of 1.60 and a beta of 1.37. The company has a debt-to-equity ratio of 0.14, a quick ratio of 0.80 and a current ratio of 1.01.

Amazon.com (NASDAQ:AMZN) last issued its earnings results on Thursday, October 30th. The e-commerce giant reported $1.95 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.57 by $0.38. The company had revenue of $180.17 billion during the quarter, compared to analysts’ expectations of $177.53 billion. Amazon.com had a net margin of 11.06% and a return on equity of 23.62%. The firm’s quarterly revenue was up 13.4% compared to the same quarter last year. During the same period last year, the company posted $1.43 earnings per share. As a group, equities analysts predict that Amazon.com, Inc. will post 6.31 EPS for the current year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of AMZN. Brighton Jones LLC grew its stake in Amazon.com by 10.9% during the 4th quarter. Brighton Jones LLC now owns 4,036,091 shares of the e-commerce giant’s stock valued at $885,478,000 after acquiring an additional 397,007 shares in the last quarter. Revolve Wealth Partners LLC grew its holdings in Amazon.com by 4.1% during the fourth quarter. Revolve Wealth Partners LLC now owns 25,045 shares of the e-commerce giant’s stock valued at $5,495,000 after purchasing an additional 986 shares during the last quarter. Bank Pictet & Cie Europe AG raised its position in shares of Amazon.com by 2.8% in the fourth quarter. Bank Pictet & Cie Europe AG now owns 2,016,869 shares of the e-commerce giant’s stock valued at $442,481,000 after purchasing an additional 54,987 shares during the period. Highview Capital Management LLC DE lifted its stake in shares of Amazon.com by 5.5% in the fourth quarter. Highview Capital Management LLC DE now owns 28,975 shares of the e-commerce giant’s stock worth $6,357,000 after buying an additional 1,518 shares during the last quarter. Finally, Liberty Square Wealth Partners LLC acquired a new stake in shares of Amazon.com in the fourth quarter worth $2,153,000. 72.20% of the stock is owned by institutional investors and hedge funds.

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.