Amazon.com (NASDAQ:AMZN) Trading Down 0.1% Following Insider Selling

Amazon.com, Inc. (NASDAQ:AMZN)'s stock price dropped 0.1% on Thursday following insider selling activity. The stock traded as low as $227.63 and last traded at $230.11. Approximately 8,615,140 shares were traded during mid-day trading, a decline of 79% from the average daily volume of 41,227,688 shares. The stock had previously closed at $230.26.

Specifically, Director Jonathan Rubinstein sold 4,351 shares of the stock in a transaction dated Monday, December 9th. The stock was sold at an average price of $229.85, for a total value of $1,000,077.35. Following the completion of the transaction, the director now directly owns 88,203 shares in the company, valued at approximately $20,273,459.55. This trade represents a 4.70 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

Analysts Set New Price Targets

Several brokerages have issued reports on AMZN. Sanford C. Bernstein upped their price target on shares of Amazon.com from $225.00 to $235.00 and gave the company an "outperform" rating in a research report on Friday, November 1st. Deutsche Bank Aktiengesellschaft upped their price objective on shares of Amazon.com from $225.00 to $232.00 and gave the stock a "buy" rating in a report on Friday, November 1st. Redburn Atlantic boosted their price objective on Amazon.com from $225.00 to $235.00 and gave the stock a "buy" rating in a report on Tuesday, November 26th. Needham & Company LLC reissued a "buy" rating and set a $250.00 price target on shares of Amazon.com in a research report on Tuesday. Finally, Morgan Stanley upped their price objective on Amazon.com from $210.00 to $230.00 and gave the company an "overweight" rating in a research note on Monday, November 4th. Two investment analysts have rated the stock with a hold rating, forty-one have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $237.98.

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Amazon.com Price Performance

The firm's fifty day simple moving average is $199.89 and its 200-day simple moving average is $189.07. The company has a quick ratio of 0.87, a current ratio of 1.09 and a debt-to-equity ratio of 0.21. The firm has a market capitalization of $2.41 trillion, a PE ratio of 49.03, a PEG ratio of 1.52 and a beta of 1.16.

Amazon.com (NASDAQ:AMZN - Get Free Report) last posted its earnings results on Thursday, October 31st. The e-commerce giant reported $1.43 EPS for the quarter, topping analysts' consensus estimates of $1.14 by $0.29. The business had revenue of $158.88 billion during the quarter, compared to analyst estimates of $157.28 billion. Amazon.com had a return on equity of 22.41% and a net margin of 8.04%. The company's quarterly revenue was up 11.0% compared to the same quarter last year. During the same quarter last year, the company earned $0.85 EPS. On average, research analysts forecast that Amazon.com, Inc. will post 5.29 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Amazon.com

A number of large investors have recently made changes to their positions in AMZN. Semus Wealth Partners LLC grew its holdings in Amazon.com by 0.3% during the third quarter. Semus Wealth Partners LLC now owns 17,920 shares of the e-commerce giant's stock worth $3,339,000 after acquiring an additional 49 shares during the period. Bell Investment Advisors Inc boosted its position in shares of Amazon.com by 1.5% during the 3rd quarter. Bell Investment Advisors Inc now owns 3,359 shares of the e-commerce giant's stock worth $626,000 after purchasing an additional 51 shares in the last quarter. Meridian Investment Counsel Inc. grew its stake in shares of Amazon.com by 1.8% during the 2nd quarter. Meridian Investment Counsel Inc. now owns 3,076 shares of the e-commerce giant's stock worth $594,000 after purchasing an additional 55 shares during the period. O Connor Financial Group LLC increased its holdings in shares of Amazon.com by 2.2% in the 3rd quarter. O Connor Financial Group LLC now owns 2,536 shares of the e-commerce giant's stock valued at $473,000 after purchasing an additional 55 shares in the last quarter. Finally, Cherrydale Wealth Management LLC lifted its stake in shares of Amazon.com by 0.7% in the third quarter. Cherrydale Wealth Management LLC now owns 7,492 shares of the e-commerce giant's stock valued at $1,396,000 after purchasing an additional 55 shares during the period. 72.20% of the stock is currently 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.