Insider Selling: Amazon.com, Inc. (NASDAQ:AMZN) VP Sells $358,360.00 in Stock

Amazon.com, Inc. (NASDAQ:AMZN) VP Shelley Reynolds sold 3,100 shares of Amazon.com stock in a transaction on Monday, May 22nd. The shares were sold at an average price of $115.60, for a total value of $358,360.00. Following the completion of the sale, the vice president now directly owns 119,780 shares of the company’s stock, valued at approximately $13,846,568. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Amazon.com Stock Down 1.5 %

NASDAQ:AMZN opened at $115.00 on Friday. The firm has a market capitalization of $1.18 trillion, a PE ratio of 273.81, a price-to-earnings-growth ratio of 4.00 and a beta of 1.26. The stock has a 50 day moving average of $105.19 and a 200-day moving average of $97.67. Amazon.com, Inc. has a 52 week low of $81.43 and a 52 week high of $146.57. The company has a current ratio of 0.92, a quick ratio of 0.69 and a debt-to-equity ratio of 0.43.

Amazon.com (NASDAQ:AMZN – Get Rating) last issued its quarterly earnings data on Thursday, April 27th. The e-commerce giant reported $0.31 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.22 by $0.09. The business had revenue of $127.36 billion during the quarter, compared to the consensus estimate of $124.57 billion. Amazon.com had a return on equity of 5.85% and a net margin of 0.82%. The business’s revenue was up 9.4% on a year-over-year basis. During the same period in the previous year, the firm posted $0.21 earnings per share. Analysts predict that Amazon.com, Inc. will post 1.57 EPS for the current year.

Analyst Ratings Changes

A number of brokerages have recently commented on AMZN. Truist Financial lifted their price objective on Amazon.com from $142.00 to $144.00 in a research report on Wednesday, April 12th. Piper Sandler lifted their target price on Amazon.com from $123.00 to $130.00 in a report on Friday, April 28th. Needham & Company LLC reiterated a “buy” rating and issued a $120.00 target price on shares of Amazon.com in a report on Wednesday, April 12th. Benchmark lifted their target price on Amazon.com from $125.00 to $130.00 and gave the company a “buy” rating in a report on Friday, February 3rd. Finally, Evercore ISI reduced their target price on Amazon.com from $160.00 to $155.00 and set an “outperform” rating on the stock in a report on Monday, April 3rd. Three equities research analysts have rated the stock with a hold rating and forty-one have given a buy rating to the company. According to MarketBeat, Amazon.com currently has an average rating of “Moderate Buy” and an average target price of $143.12.

Hedge Funds Weigh In On Amazon.com

Several hedge funds and other institutional investors have recently made changes to their positions in AMZN. State Street Corp boosted its position in shares of Amazon.com by 1,869.1% during the second quarter. State Street Corp now owns 326,727,487 shares of the e-commerce giant’s stock worth $34,701,726,000 after buying an additional 310,134,486 shares during the period. Price T Rowe Associates Inc. MD lifted its position in Amazon.com by 1,838.8% in the second quarter. Price T Rowe Associates Inc. MD now owns 311,971,394 shares of the e-commerce giant’s stock worth $33,134,481,000 after purchasing an additional 295,880,050 shares during the period. FMR LLC lifted its position in Amazon.com by 1,792.4% in the second quarter. FMR LLC now owns 286,047,356 shares of the e-commerce giant’s stock worth $30,381,089,000 after purchasing an additional 270,931,640 shares during the period. Moneta Group Investment Advisors LLC lifted its position in Amazon.com by 120,235.9% in the fourth quarter. Moneta Group Investment Advisors LLC now owns 116,480,298 shares of the e-commerce giant’s stock worth $9,784,345,000 after purchasing an additional 116,383,502 shares during the period. Finally, Norges Bank acquired a new stake in Amazon.com in the fourth quarter worth approximately $8,263,591,000. 57.64% of the stock is currently owned by institutional investors and hedge funds.

Amazon.com Company Profile

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Amazon.com, Inc is a multinational technology company, which engages in the provision of online retail shopping services. It operates through the following segments: North America, International, and Amazon Web Services (AWS). The North America segment is involved in the retail sales of consumer products including from sellers and subscriptions through North America-focused online and physical stores.