Shares of Amazon.com, Inc. (NASDAQ:AMZN) dropped 1.6% during mid-day trading on Thursday after an insider sold shares in the company. The company traded as low as $222.14 and last traded at $222.91. Approximately 8,609,783 shares were traded during trading, a decline of 75% from the average daily volume of 34,105,473 shares. The stock had previously closed at $226.63.
Specifically, CEO Douglas J. Herrington sold 5,501 shares of Amazon.com stock in a transaction that occurred on 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 owns 505,318 shares of the company's stock, valued at approximately $115,434,843.92. The trade was a 1.08 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO Douglas J. Herrington sold 27,500 shares of the stock in a transaction on 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 sale, the chief executive officer now directly owns 497,067 shares of the company's stock, valued at $114,459,618.09. This represents a 5.24 % decrease in their position. The disclosure for this sale can be found here.
Analyst Ratings Changes
A number of brokerages recently weighed in on AMZN. Cantor Fitzgerald reaffirmed an "overweight" rating and issued a $270.00 target price on shares of Amazon.com in a research note on Friday, February 7th. HSBC upped their price objective on Amazon.com from $225.00 to $270.00 and gave the stock a "buy" rating in a research report on Monday, January 13th. JMP Securities reissued a "market outperform" rating and issued a $285.00 target price on shares of Amazon.com in a research report on Friday, February 7th. Wells Fargo & Company cut their target price on Amazon.com from $212.00 to $207.00 and set an "equal weight" rating on the stock in a research note on Friday, February 7th. Finally, Evercore ISI raised their price target on shares of Amazon.com from $240.00 to $260.00 and gave the stock an "outperform" rating in a research note on Friday, November 1st. Two equities research analysts have rated the stock with a hold rating, forty-two have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $260.74.
View Our Latest Research Report on AMZN
Amazon.com Trading Down 2.8 %
The company has a market capitalization of $2.30 trillion, a price-to-earnings ratio of 39.16, a P/E/G ratio of 1.57 and a beta of 1.15. 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 business's 50-day moving average price is $228.10 and its two-hundred day moving average price is $203.58.
Amazon.com (NASDAQ:AMZN - Get Free Report) last announced its quarterly earnings data on Thursday, February 6th. The e-commerce giant reported $1.86 earnings per share for the quarter, beating the consensus estimate of $1.52 by $0.34. Amazon.com had a return on equity of 24.25% and a net margin of 9.29%. Research analysts predict that Amazon.com, Inc. will post 6.31 earnings per share for the current year.
Institutional Investors Weigh In On Amazon.com
Large investors have recently bought and sold shares of the company. Castlekeep Investment Advisors LLC acquired a new position in Amazon.com during the fourth quarter valued at approximately $25,000. Accordant Advisory Group Inc lifted its position in shares of Amazon.com by 400.0% during the 4th quarter. Accordant Advisory Group Inc now owns 125 shares of the e-commerce giant's stock worth $27,000 after buying an additional 100 shares during the last quarter. Prudent Man Investment Management Inc. acquired a new stake in Amazon.com in the fourth quarter valued at about $27,000. Icon Wealth Advisors LLC grew its position in Amazon.com by 20.5% in the third quarter. Icon Wealth Advisors LLC now owns 150,661 shares of the e-commerce giant's stock valued at $28,000 after acquiring an additional 25,581 shares during the last quarter. Finally, LSV Asset Management acquired a new position in Amazon.com during the fourth quarter worth about $35,000. 72.20% of the stock is currently owned by institutional investors and hedge funds.
Amazon.com Company Profile
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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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