Amazon.com (NASDAQ:AMZN) Trading Down 1% Following Insider Selling

Amazon.com, Inc. (NASDAQ:AMZN) dropped 1% during mid-day trading on Friday after an insider sold shares in the company. The stock traded as low as $189.16 and last traded at $189.16. Approximately 9,525,393 shares changed hands during trading, a decline of 77% from the average daily volume of 42,018,738 shares. The stock had previously closed at $191.16.

Specifically, SVP David Zapolsky sold 2,190 shares of the company's stock in a transaction dated Tuesday, September 24th. The stock was sold at an average price of $195.00, for a total transaction of $427,050.00. Following the sale, the senior vice president now owns 62,420 shares in the company, valued at $12,171,900. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on AMZN. Barclays upped their price objective on Amazon.com from $220.00 to $235.00 and gave the stock an "overweight" rating in a research note on Friday, August 2nd. Tigress Financial lifted their price objective on shares of Amazon.com from $210.00 to $245.00 and gave the company a "buy" rating in a research report on Thursday, May 30th. Maxim Group upped their target price on shares of Amazon.com from $238.00 to $251.00 and gave the company a "buy" rating in a report on Friday, August 2nd. BMO Capital Markets reiterated an "outperform" rating and set a $230.00 price target on shares of Amazon.com in a report on Thursday, September 19th. Finally, Wolfe Research began coverage on Amazon.com in a research note on Tuesday, July 16th. They issued an "outperform" rating and a $250.00 price objective on the stock. One analyst has rated the stock with a hold rating, forty-one have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, Amazon.com has a consensus rating of "Buy" and an average price target of $222.84.

Amazon.com Stock Down 1.7 %

The company has a current ratio of 1.10, a quick ratio of 0.88 and a debt-to-equity ratio of 0.23. The stock's 50-day moving average price is $178.83 and its 200-day moving average price is $182.48. The company has a market cap of $1.97 trillion, a P/E ratio of 52.99, a PEG ratio of 1.46 and a beta of 1.14.

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. Amazon.com had a return on equity of 21.39% and a net margin of 7.35%. The business had revenue of $147.98 billion for the quarter, compared to analyst estimates of $148.63 billion. As a group, research analysts forecast that Amazon.com, Inc. will post 4.86 EPS for the current year.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the business. Cooksen Wealth LLC purchased a new stake in shares of Amazon.com in the fourth quarter worth approximately $30,000. PayPay Securities Corp lifted its stake in Amazon.com by 64.6% during the 2nd quarter. PayPay Securities Corp now owns 163 shares of the e-commerce giant's stock valued at $32,000 after acquiring an additional 64 shares in the last quarter. Clarity Asset Management Inc. bought a new position in Amazon.com during the 4th quarter valued at $46,000. Christopher J. Hasenberg Inc boosted its holdings in Amazon.com by 650.0% during the 2nd quarter. Christopher J. Hasenberg Inc now owns 300 shares of the e-commerce giant's stock worth $58,000 after acquiring an additional 260 shares during the last quarter. Finally, Steph & Co. bought a new stake in shares of Amazon.com in the 1st quarter worth $65,000. 72.20% of the stock is owned by 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.