Amazon.com (NASDAQ:AMZN) Shares Down 1.9% Following Insider Selling

Amazon.com, Inc. (NASDAQ:AMZN) fell 1.9% during trading on Thursday following insider selling activity. The company traded as low as $198.05 and last traded at $199.00. 17,478,576 shares were traded during trading, a decline of 58% from the average session volume of 41,416,336 shares. The stock had previously closed at $202.88.

Specifically, CEO Douglas J. Herrington sold 5,502 shares of the stock in a transaction dated Friday, November 15th. The shares were sold at an average price of $205.81, for a total value of $1,132,366.62. Following the sale, the chief executive officer now directly owns 518,911 shares of the company's stock, valued at approximately $106,797,072.91. This represents a 1.05 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Daniel P. Huttenlocher sold 1,237 shares of the stock in a transaction on Tuesday, November 19th. The shares were sold at an average price of $199.06, for a total value of $246,237.22. Following the completion of the transaction, the director now directly owns 24,912 shares in the company, valued at approximately $4,958,982.72. This represents a 4.73 % decrease in their position. The disclosure for this sale can be found here.

Wall Street Analyst Weigh In

A number of research analysts have commented on AMZN shares. Scotiabank upped their price target on Amazon.com from $245.00 to $246.00 and gave the company a "sector outperform" rating in a research report on Friday, November 1st. Sanford C. Bernstein upped their price objective on shares of Amazon.com from $225.00 to $235.00 and gave the stock an "outperform" rating in a report on Friday, November 1st. JPMorgan Chase & Co. raised their price target on Amazon.com from $230.00 to $250.00 and gave the company an "overweight" rating in a report on Friday, November 1st. Piper Sandler boosted their price objective on shares of Amazon.com from $215.00 to $225.00 and gave the stock an "overweight" rating in a report on Friday, November 1st. Finally, Wells Fargo & Company reiterated an "equal weight" rating and set a $197.00 target price on shares of Amazon.com in a research note on Wednesday. Two investment analysts have rated the stock with a hold rating, forty have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, Amazon.com currently has a consensus rating of "Moderate Buy" and an average target price of $235.77.

Amazon.com Trading Down 2.1 %

The firm has a market cap of $2.09 trillion, a P/E ratio of 42.55, a price-to-earnings-growth ratio of 1.37 and a beta of 1.14. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.09 and a quick ratio of 0.87. The firm has a fifty day simple moving average of $192.79 and a 200-day simple moving average of $186.26.

Amazon.com (NASDAQ:AMZN - Get Free Report) last released its quarterly earnings data on Thursday, October 31st. The e-commerce giant reported $1.43 EPS for the quarter, beating the consensus estimate of $1.14 by $0.29. The business had revenue of $158.88 billion for the quarter, compared to the consensus estimate of $157.28 billion. Amazon.com had a net margin of 8.04% and a return on equity of 22.41%. The company's revenue was up 11.0% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.85 earnings per share. On average, equities research analysts expect that Amazon.com, Inc. will post 5.27 earnings per share for the current year.

Institutional Investors Weigh In On Amazon.com

Large investors have recently added to or reduced their stakes in the company. Icon Wealth Advisors LLC increased its holdings in shares of Amazon.com by 20.5% during 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 in the last quarter. PayPay Securities Corp boosted its stake in shares of Amazon.com by 64.6% during the 2nd quarter. PayPay Securities Corp now owns 163 shares of the e-commerce giant's stock worth $32,000 after acquiring an additional 64 shares in the last quarter. Hoese & Co LLP purchased a new stake in shares of Amazon.com in the third quarter valued at approximately $37,000. Bull Oak Capital LLC acquired a new stake in shares of Amazon.com in the third quarter valued at about $45,000. Finally, Values First Advisors Inc. acquired a new position in shares of Amazon.com during the third quarter valued at approximately $56,000. Institutional investors own 72.20% of the company's stock.

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.