Amazon.com (NASDAQ:AMZN) Shares Down 1.3% on Insider Selling

Amazon.com, Inc. (NASDAQ:AMZN) traded down 1.3% on Monday following insider selling activity. The stock traded as low as $174.65 and last traded at $174.82. 5,985,636 shares changed hands during mid-day trading, a decline of 86% from the average session volume of 42,792,918 shares. The stock had previously closed at $177.04.

Specifically, VP Shelley Reynolds sold 3,791 shares of the stock in a transaction dated Wednesday, August 21st. The shares were sold at an average price of $181.04, for a total value of $686,322.64. Following the transaction, the vice president now directly owns 121,461 shares of the company's stock, valued at $21,989,299.44. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP David Zapolsky sold 9,490 shares of Amazon.com stock in a transaction that occurred on Wednesday, August 21st. The stock was sold at an average price of $180.88, for a total value of $1,716,551.20. Following the sale, the senior vice president now directly owns 64,610 shares of the company's stock, valued at $11,686,656.80. The disclosure for this sale can be found here. In related news, CFO Brian T. Olsavsky sold 14,600 shares of the firm's stock in a transaction dated Wednesday, August 21st. The shares were sold at an average price of $180.00, for a total transaction of $2,628,000.00. Following the transaction, the chief financial officer now directly owns 49,000 shares of the company's stock, valued at $8,820,000. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on AMZN shares. Needham & Company LLC upped their price target on shares of Amazon.com from $205.00 to $210.00 and gave the stock a "buy" rating in a report on Wednesday, July 17th. TD Securities upped their target price on Amazon.com from $225.00 to $245.00 in a research note on Wednesday, July 10th. Morgan Stanley decreased their price target on Amazon.com from $240.00 to $210.00 and set an "overweight" rating on the stock in a research note on Tuesday, August 6th. Wedbush reaffirmed an "outperform" rating and issued a $225.00 price objective on shares of Amazon.com in a research note on Friday, August 2nd. Finally, Oppenheimer boosted their target price on Amazon.com from $210.00 to $220.00 and gave the stock an "outperform" rating in a research note on Wednesday, May 1st. One investment analyst has rated the stock with a hold rating, forty have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Buy" and a consensus price target of $221.36.

Amazon.com Stock Performance

The company has a current ratio of 1.07, a quick ratio of 0.87 and a debt-to-equity ratio of 0.27. The company's 50-day moving average is $183.61 and its two-hundred day moving average is $181.09. The firm has a market cap of $1.83 trillion, a P/E ratio of 49.16, a PEG ratio of 1.32 and a beta of 1.15.

Amazon.com (NASDAQ:AMZN - Get Free Report) last announced its quarterly earnings results on Thursday, August 1st. The e-commerce giant reported $1.23 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.05 by $0.18. The business had revenue of $147.98 billion during the quarter, compared to the consensus estimate of $148.63 billion. Amazon.com had a return on equity of 22.35% and a net margin of 7.35%. As a group, equities analysts predict that Amazon.com, Inc. will post 4.73 EPS for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Aristides Capital LLC purchased a new position in shares of Amazon.com in the 2nd quarter worth approximately $1,546,000. Orleans Capital Management Corp LA lifted its holdings in Amazon.com by 58.0% during the second quarter. Orleans Capital Management Corp LA now owns 8,865 shares of the e-commerce giant's stock worth $1,713,000 after acquiring an additional 3,255 shares during the period. 3Chopt Investment Partners LLC boosted its position in Amazon.com by 7.4% in the second quarter. 3Chopt Investment Partners LLC now owns 16,273 shares of the e-commerce giant's stock worth $3,145,000 after purchasing an additional 1,126 shares during the last quarter. Heartland Bank & Trust Co increased its position in shares of Amazon.com by 0.8% during the 2nd quarter. Heartland Bank & Trust Co now owns 24,938 shares of the e-commerce giant's stock valued at $4,819,000 after purchasing an additional 191 shares during the last quarter. Finally, SPC Financial Inc. raised its stake in shares of Amazon.com by 62.2% during the 2nd quarter. SPC Financial Inc. now owns 20,227 shares of the e-commerce giant's stock worth $3,909,000 after purchasing an additional 7,754 shares during the period. 72.20% of the stock is currently owned by hedge funds and other 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.