Amazon.com (NASDAQ:AMZN) Shares Down 0.7% Following Insider Selling

Amazon.com, Inc. (NASDAQ:AMZN) shares were down 0.7% during mid-day trading on Monday after an insider sold shares in the company. The company traded as low as $227.23 and last traded at $228.68. Approximately 26,962,132 shares changed hands during mid-day trading, a decline of 20% from the average daily volume of 33,645,924 shares. The stock had previously closed at $230.37.

Specifically, CEO Douglas J. Herrington sold 27,500 shares of the company’s stock in a transaction dated Wednesday, February 12th. The stock was sold at an average price of $230.27, for a total value of $6,332,425.00. Following the completion of the sale, the chief executive officer now owns 497,067 shares of the company’s stock, valued at $114,459,618.09. This represents a 5.24 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

Analysts Set New Price Targets

AMZN has been the subject of a number of recent analyst reports. Mizuho raised their price objective on Amazon.com from $240.00 to $260.00 and gave the company an “outperform” rating in a research note on Tuesday, December 10th. Sanford C. Bernstein increased their price objective on shares of Amazon.com from $235.00 to $265.00 and gave the company an “outperform” rating in a research note on Wednesday, December 18th. Maxim Group increased their price objective on shares of Amazon.com from $260.00 to $280.00 and gave the company a “buy” rating in a research note on Friday, February 7th. Oppenheimer increased their price objective on shares of Amazon.com from $230.00 to $260.00 and gave the company an “outperform” rating in a research note on Friday, February 7th. Finally, The Goldman Sachs Group increased their price objective on shares of Amazon.com from $240.00 to $255.00 and gave the company a “buy” rating in a research note on Friday, February 7th. Two equities research analysts have rated the stock with a hold rating, forty-two have issued a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $260.74.

Amazon.com Stock Performance

The company has a current ratio of 1.09, a quick ratio of 0.87 and a debt-to-equity ratio of 0.21. The company’s 50-day moving average price is $228.21 and its two-hundred day moving average price is $202.55. The company has a market cap of $2.40 trillion, a P/E ratio of 41.35, a price-to-earnings-growth ratio of 1.36 and a beta of 1.15.

Amazon.com (NASDAQ:AMZN) last posted 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 net margin of 9.29% and a return on equity of 25.49%. As a group, equities analysts forecast that Amazon.com, Inc. will post 6.24 earnings per share for the current year.

Hedge Funds Weigh In On Amazon.com

Several large investors have recently made changes to their positions in the business. Castlekeep Investment Advisors LLC acquired a new position in shares of Amazon.com in the fourth quarter worth about $25,000. Accordant Advisory Group Inc boosted its holdings in shares of Amazon.com by 400.0% in the fourth 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 period. Prudent Man Investment Management Inc. acquired a new position in shares of Amazon.com in the fourth quarter worth about $27,000. Icon Wealth Advisors LLC boosted its holdings in shares of 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 worth $28,000 after buying an additional 25,581 shares during the period. Finally, LSV Asset Management acquired a new position in shares of Amazon.com in the fourth quarter worth about $35,000. 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.