Amazon.com, Inc. (NASDAQ:AMZN)'s stock price dropped 0.3% on Tuesday after an insider sold shares in the company. The stock traded as low as $206.23 and last traded at $206.30. Approximately 8,330,700 shares were traded during mid-day trading, a decline of 80% from the average daily volume of 41,260,723 shares. The stock had previously closed at $206.84.
Specifically, insider Jeffrey P. Bezos sold 2,996,362 shares of the company's stock in a transaction on Monday, November 11th. The shares were sold at an average price of $206.75, for a total value of $619,497,843.50. Following the completion of the sale, the insider now owns 914,420,614 shares in the company, valued at $189,056,461,944.50. This represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, insider Jeffrey P. Bezos sold 2,996,362 shares of the stock in a transaction dated Friday, November 8th. The stock was sold at an average price of $208.85, for a total value of $625,790,203.70. Following the transaction, the insider now owns 917,416,976 shares of the company's stock, valued at approximately $191,602,535,437.60. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In other news, Director Jonathan Rubinstein sold 4,766 shares of the firm's stock in a transaction dated Thursday, November 7th. The stock was sold at an average price of $209.85, for a total value of $1,000,145.10. Following the completion of the transaction, the director now owns 94,630 shares in the company, valued at $19,858,105.50. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.
Analyst Ratings Changes
Several brokerages recently issued reports on AMZN. Stifel Nicolaus raised their target price on shares of Amazon.com from $224.00 to $245.00 and gave the company a "buy" rating in a research note on Friday, November 1st. The Goldman Sachs Group boosted their price objective on shares of Amazon.com from $230.00 to $240.00 and gave the company a "buy" rating in a research report on Friday, November 1st. Deutsche Bank Aktiengesellschaft upped their price target 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. DA Davidson reaffirmed a "buy" rating and set a $235.00 price target on shares of Amazon.com in a research report on Thursday, October 10th. Finally, Sanford C. Bernstein increased their price objective on shares of Amazon.com from $225.00 to $235.00 and gave the stock an "outperform" rating in a research report on Friday, November 1st. Two investment analysts have rated the stock with a hold rating, forty have issued a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat.com, Amazon.com has an average rating of "Moderate Buy" and an average target price of $234.55.
Check Out Our Latest Analysis on Amazon.com
Amazon.com Stock Performance
The business's 50-day moving average is $188.40 and its 200 day moving average is $184.95. The company has a market cap of $2.20 trillion, a PE ratio of 44.18, a PEG ratio of 1.40 and a beta of 1.14. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.87 and a current ratio of 1.09.
Amazon.com (NASDAQ:AMZN - Get Free Report) last released its quarterly earnings data on Thursday, October 31st. The e-commerce giant reported $1.43 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.14 by $0.29. Amazon.com had a net margin of 8.04% and a return on equity of 22.41%. The firm had revenue of $158.88 billion for the quarter, compared to analysts' expectations of $157.28 billion. During the same quarter in the previous year, the company earned $0.85 earnings per share. The company's revenue for the quarter was up 11.0% compared to the same quarter last year. On average, equities research analysts predict that Amazon.com, Inc. will post 5.27 EPS for the current fiscal year.
Institutional Investors Weigh In On Amazon.com
A number of large investors have recently modified their holdings of AMZN. International Assets Investment Management LLC boosted its stake in shares of Amazon.com by 20,897.2% during the 3rd quarter. International Assets Investment Management LLC now owns 39,135,449 shares of the e-commerce giant's stock valued at $72,921,080,000 after purchasing an additional 38,949,065 shares in the last quarter. Vanguard Group Inc. boosted its stake in shares of Amazon.com by 1.9% during the 1st quarter. Vanguard Group Inc. now owns 785,811,114 shares of the e-commerce giant's stock valued at $141,744,609,000 after purchasing an additional 14,724,687 shares in the last quarter. Swedbank AB bought a new stake in shares of Amazon.com during the 1st quarter valued at about $2,239,757,000. Capital World Investors boosted its stake in Amazon.com by 64.6% during the first quarter. Capital World Investors now owns 29,359,677 shares of the e-commerce giant's stock worth $5,295,899,000 after acquiring an additional 11,524,463 shares in the last quarter. Finally, Parnassus Investments LLC boosted its stake in Amazon.com by 82,457.3% during the third quarter. Parnassus Investments LLC now owns 11,405,294 shares of the e-commerce giant's stock worth $2,125,148,000 after acquiring an additional 11,391,479 shares in the last quarter. Institutional investors own 72.20% of the company's stock.
About Amazon.com
(
Get Free Report)
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.
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