Amazon.com, Inc. (NASDAQ:AMZN) Insider Sells $686,402,000.00 in Stock

Amazon.com, Inc. (NASDAQ:AMZN) insider Jeffrey P. Bezos sold 3,100,000 shares of the business’s stock in a transaction that occurred on Friday, June 27th. The stock was sold at an average price of $221.42, for a total value of $686,402,000.00. Following the completion of the transaction, the insider directly owned 905,679,901 shares in the company, valued at approximately $200,535,643,679.42. This represents a 0.34% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

Amazon.com Price Performance

Shares of AMZN stock opened at $223.13 on Friday. The company has a market capitalization of $2.37 trillion, a P/E ratio of 36.34, a P/E/G ratio of 1.66 and a beta of 1.33. The company’s 50-day simple moving average is $205.76 and its two-hundred day simple moving average is $208.76. Amazon.com, Inc. has a one year low of $151.61 and a one year high of $242.52. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.05 and a quick ratio of 0.84.

Amazon.com (NASDAQ:AMZN) last announced its quarterly earnings results on Thursday, May 1st. The e-commerce giant reported $1.59 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.38 by $0.21. The firm had revenue of $155.67 billion during the quarter, compared to analyst estimates of $154.96 billion. Amazon.com had a return on equity of 24.14% and a net margin of 10.14%. Amazon.com’s quarterly revenue was up 8.6% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.98 earnings per share. As a group, equities analysts anticipate that Amazon.com, Inc. will post 6.31 EPS for the current year.

Hedge Funds Weigh In On Amazon.com

Hedge funds and other institutional investors have recently made changes to their positions in the company. Castlekeep Investment Advisors LLC bought a new stake in shares of Amazon.com in the 4th quarter valued at about $25,000. Prudent Man Investment Management Inc. purchased a new position in Amazon.com during the fourth quarter valued at approximately $27,000. LSV Asset Management bought a new position in Amazon.com in the fourth quarter worth approximately $35,000. Cooksen Wealth LLC purchased a new stake in Amazon.com during the first quarter worth $36,000. Finally, Inlight Wealth Management LLC bought a new stake in Amazon.com during the 1st quarter valued at $40,000. Institutional investors own 72.20% of the company’s stock.

Analyst Ratings Changes

Several research firms have recently issued reports on AMZN. Oppenheimer lifted their price objective on shares of Amazon.com from $215.00 to $250.00 and gave the company an “outperform” rating in a research report on Friday, June 20th. Wall Street Zen downgraded shares of Amazon.com from a “buy” rating to a “hold” rating in a report on Monday, May 5th. Piper Sandler reissued an “overweight” rating and set a $212.00 price objective (down previously from $215.00) on shares of Amazon.com in a report on Friday, May 2nd. Tigress Financial raised their price objective on Amazon.com from $290.00 to $305.00 and gave the company a “buy” rating in a research report on Tuesday, May 6th. Finally, Telsey Advisory Group reaffirmed an “outperform” rating and issued a $235.00 target price on shares of Amazon.com in a report on Friday, May 2nd. Three investment analysts have rated the stock with a hold rating, forty-five have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $245.60.

About Amazon.com

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.