Insider Selling: Amazon.com, Inc. (NASDAQ:AMZN) CEO Sells 20,784 Shares of Stock

Amazon.com, Inc. (NASDAQ:AMZN) CEO Andrew R. Jassy sold 20,784 shares of the company’s stock in a transaction dated Friday, February 21st. The shares were sold at an average price of $220.65, for a total value of $4,585,989.60. Following the completion of the sale, the chief executive officer now owns 2,118,886 shares of the company’s stock, valued at $467,532,195.90. This represents a 0.97 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

Amazon.com Stock Performance

NASDAQ:AMZN traded up $0.09 on Tuesday, hitting $212.80. The company’s stock had a trading volume of 58,833,337 shares, compared to its average volume of 36,243,547. The company has a current ratio of 1.06, a quick ratio of 0.87 and a debt-to-equity ratio of 0.18. The stock has a fifty day moving average of $227.48 and a two-hundred day moving average of $204.88. The firm has a market capitalization of $2.26 trillion, a P/E ratio of 38.48, a price-to-earnings-growth ratio of 1.50 and a beta of 1.15. Amazon.com, Inc. has a one year low of $151.61 and a one year high of $242.52.

Amazon.com (NASDAQ:AMZN) last announced its earnings results on Thursday, February 6th. The e-commerce giant reported $1.86 earnings per share for the quarter, topping analysts’ consensus estimates of $1.52 by $0.34. Amazon.com had a return on equity of 24.25% and a net margin of 9.29%. Research analysts predict that Amazon.com, Inc. will post 6.31 earnings per share for the current year.

Analysts Set New Price Targets

A number of equities research analysts recently commented on AMZN shares. DA Davidson upped their price objective on Amazon.com from $235.00 to $280.00 and gave the company a “buy” rating in a report on Friday, February 7th. TD Cowen upped their price objective on Amazon.com from $240.00 to $265.00 and gave the company a “buy” rating in a report on Thursday, December 12th. Roth Mkm upped their price objective on Amazon.com from $220.00 to $250.00 and gave the company a “buy” rating in a report on Monday, December 9th. Phillip Securities downgraded Amazon.com from a “strong-buy” rating to a “moderate buy” rating in a report on Monday, February 10th. Finally, Barclays upped their price objective on Amazon.com from $235.00 to $265.00 and gave the company an “overweight” rating in a report on Friday, February 7th. Two investment analysts have rated the stock with a hold rating, forty-two have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, Amazon.com has an average rating of “Moderate Buy” and a consensus target price of $260.65.

Hedge Funds Weigh In On Amazon.com

Large investors have recently made changes to their positions in the company. Castlekeep Investment Advisors LLC bought a new position in shares of Amazon.com during the fourth quarter worth approximately $25,000. Accordant Advisory Group Inc increased its stake in shares of Amazon.com by 400.0% during the fourth quarter. Accordant Advisory Group Inc now owns 125 shares of the e-commerce giant’s stock worth $27,000 after purchasing an additional 100 shares during the period. Prudent Man Investment Management Inc. acquired a new stake in Amazon.com during the fourth quarter worth approximately $27,000. Icon Wealth Advisors LLC grew its position in Amazon.com by 20.5% during 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 in the last quarter. Finally, LSV Asset Management acquired a new stake in Amazon.com during the fourth quarter worth approximately $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.