Amazon.com (NASDAQ:AMZN) Trading Down 1% on Insider Selling

Shares of Amazon.com, Inc. (NASDAQ:AMZN) fell 1% on Friday following insider selling activity. The stock traded as low as $189.16 and last traded at $189.16. 9,525,393 shares changed hands during trading, a decline of 77% from the average session volume of 42,018,738 shares. The stock had previously closed at $191.16.

Specifically, SVP David Zapolsky sold 2,190 shares of the firm’s stock in a transaction on Tuesday, September 24th. The shares were sold at an average price of $195.00, for a total value of $427,050.00. Following the transaction, the senior vice president now owns 62,420 shares of the company’s stock, valued at approximately $12,171,900. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.

Analyst Ratings Changes

AMZN has been the topic of several analyst reports. Evercore ISI lifted their price target on shares of Amazon.com from $225.00 to $240.00 and gave the stock an “outperform” rating in a research note on Friday, September 20th. Jefferies Financial Group dropped their price target on shares of Amazon.com from $235.00 to $225.00 and set a “buy” rating on the stock in a research note on Friday, August 2nd. Benchmark reaffirmed a “buy” rating and set a $200.00 price target on shares of Amazon.com in a research note on Friday, August 2nd. Stifel Nicolaus dropped their price target on shares of Amazon.com from $228.00 to $224.00 and set a “buy” rating on the stock in a research note on Friday, August 2nd. Finally, Needham & Company LLC reaffirmed a “buy” rating and set a $210.00 price target on shares of Amazon.com in a research note on Thursday, September 12th. One research analyst has rated the stock with a hold rating, forty-one have assigned a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Buy” and an average target price of $222.84.

Amazon.com Price Performance

The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.88 and a current ratio of 1.10. The business’s 50 day simple moving average is $178.92 and its 200-day simple moving average is $182.64. The stock has a market capitalization of $1.97 trillion, a price-to-earnings ratio of 52.65, a price-to-earnings-growth ratio of 1.46 and a beta of 1.14.

Amazon.com (NASDAQ:AMZN) last posted its earnings results on Thursday, August 1st. The e-commerce giant reported $1.23 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.05 by $0.18. The firm had revenue of $147.98 billion during the quarter, compared to analyst estimates of $148.63 billion. Amazon.com had a net margin of 7.35% and a return on equity of 21.39%. Research analysts anticipate that Amazon.com, Inc. will post 4.86 earnings per share for the current year.

Institutional Trading of Amazon.com

A number of institutional investors have recently made changes to their positions in the stock. Sage Advisors LLC lifted its stake in shares of Amazon.com by 21.0% in the 2nd quarter. Sage Advisors LLC now owns 22,355 shares of the e-commerce giant’s stock worth $4,320,000 after acquiring an additional 3,876 shares during the period. Alternative Investment Advisors LLC. acquired a new stake in shares of Amazon.com in the 2nd quarter worth approximately $1,923,000. Greater Midwest Financial Group LLC lifted its stake in shares of Amazon.com by 4.3% in the 2nd quarter. Greater Midwest Financial Group LLC now owns 54,579 shares of the e-commerce giant’s stock worth $10,547,000 after acquiring an additional 2,251 shares during the period. Centaurus Financial Inc. lifted its stake in shares of Amazon.com by 63.3% in the 2nd quarter. Centaurus Financial Inc. now owns 154,607 shares of the e-commerce giant’s stock worth $29,878,000 after acquiring an additional 59,945 shares during the period. Finally, Healthcare of Ontario Pension Plan Trust Fund lifted its stake in shares of Amazon.com by 164.1% in the 2nd quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 1,053,958 shares of the e-commerce giant’s stock worth $203,677,000 after acquiring an additional 654,908 shares during the period. 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.