Amazon.com (NASDAQ:AMZN) Trading Down 1.6% on Insider Selling

Amazon.com, Inc. (NASDAQ:AMZN) traded down 1.6% during mid-day trading on Thursday following insider selling activity. The company traded as low as $222.14 and last traded at $222.91. 8,609,783 shares changed hands during trading, a decline of 75% from the average session volume of 34,105,473 shares. The stock had previously closed at $226.63.

Specifically, CEO Douglas J. Herrington sold 5,501 shares of the firm's stock in a transaction dated Tuesday, February 18th. The shares were sold at an average price of $228.44, for a total value of $1,256,648.44. Following the transaction, the chief executive officer now directly owns 505,318 shares of the company's stock, valued at approximately $115,434,843.92. This trade represents a 1.08 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, CEO Douglas J. Herrington sold 27,500 shares of the firm's stock in a transaction dated Wednesday, February 12th. The stock was sold at an average price of $230.27, for a total transaction of $6,332,425.00. Following the completion of the transaction, the chief executive officer now directly owns 497,067 shares in the company, valued at approximately $114,459,618.09. This represents a 5.24 % decrease in their ownership of the stock. The disclosure for this sale can be found here.

Analyst Ratings Changes

Several equities analysts have recently weighed in on the stock. Telsey Advisory Group reissued an "outperform" rating and issued a $275.00 price target on shares of Amazon.com in a research note on Friday, February 7th. Oppenheimer raised their price target on shares of Amazon.com from $230.00 to $260.00 and gave the stock an "outperform" rating in a research note on Friday, February 7th. Scotiabank raised their price target on shares of Amazon.com from $246.00 to $306.00 and gave the stock a "sector outperform" rating in a research note on Friday, January 24th. Benchmark lifted their target price on shares of Amazon.com from $215.00 to $265.00 and gave the stock a "buy" rating in a research note on Tuesday, February 4th. Finally, Piper Sandler reaffirmed an "overweight" rating and set a $265.00 target price (up from $225.00) on shares of Amazon.com in a research note on Friday, February 7th. Two equities research analysts have rated the stock with a hold rating, forty-two have assigned a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $260.74.

Amazon.com Stock Down 2.8 %

The business's 50 day moving average is $227.88 and its 200-day moving average is $204.26. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.06 and a quick ratio of 0.87. The company has a market cap of $2.30 trillion, a PE ratio of 39.16, a P/E/G ratio of 1.54 and a beta of 1.15.

Amazon.com (NASDAQ:AMZN - Get Free Report) last issued its quarterly earnings data on Thursday, February 6th. The e-commerce giant reported $1.86 earnings per share for the quarter, topping the consensus estimate of $1.52 by $0.34. Amazon.com had a net margin of 9.29% and a return on equity of 24.25%. As a group, analysts predict that Amazon.com, Inc. will post 6.31 EPS for the current year.

Institutional Trading of Amazon.com

Institutional investors have recently modified their holdings of the stock. Norges Bank purchased a new position in Amazon.com during the 4th quarter worth $27,266,582,000. International Assets Investment Management LLC grew its position in 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 worth $72,921,080,000 after purchasing an additional 38,949,065 shares during the last quarter. Capital World Investors lifted its stake in shares of Amazon.com by 36.8% in the fourth quarter. Capital World Investors now owns 65,709,496 shares of the e-commerce giant's stock valued at $14,416,078,000 after purchasing an additional 17,681,004 shares during the period. Vanguard Group Inc. raised its position in Amazon.com by 2.2% during the fourth quarter. Vanguard Group Inc. now owns 823,360,597 shares of the e-commerce giant's stock worth $180,637,081,000 after acquiring an additional 17,635,391 shares during the last quarter. Finally, Proficio Capital Partners LLC raised its position in Amazon.com by 17,054.5% during the fourth quarter. Proficio Capital Partners LLC now owns 12,088,589 shares of the e-commerce giant's stock worth $2,652,116,000 after acquiring an additional 12,018,120 shares during the last quarter. Hedge funds and other institutional investors own 72.20% of the company's stock.

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.