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

Amazon.com, Inc. (NASDAQ:AMZN)’s share price fell 0.7% during 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. 26,962,132 shares traded hands during mid-day trading, a decline of 20% from the average session 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 firm’s stock in a transaction that occurred on Wednesday, February 12th. The shares were sold at an average price of $230.27, for a total transaction of $6,332,425.00. Following the completion of the sale, the chief executive officer now directly owns 497,067 shares in the company, valued at approximately $114,459,618.09. This trade represents a 5.24 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

Analyst Ratings Changes

Several research firms recently commented on AMZN. Tigress Financial raised their price target on shares of Amazon.com from $245.00 to $290.00 and gave the stock a “buy” rating in a report on Friday, December 20th. Moffett Nathanson raised their price objective on shares of Amazon.com from $235.00 to $248.00 and gave the company a “buy” rating in a research report on Tuesday, November 26th. Needham & Company LLC reaffirmed a “buy” rating and set a $250.00 price objective on shares of Amazon.com in a research report on Friday, February 7th. Robert W. Baird raised their price objective on shares of Amazon.com from $220.00 to $260.00 and gave the company an “outperform” rating in a research report on Friday, December 13th. Finally, Monness Crespi & Hardt raised their price objective on shares of Amazon.com from $225.00 to $245.00 and gave the company a “buy” rating in a research report on Friday, November 1st. Two research 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, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $260.74.

Amazon.com Trading Down 0.7 %

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

Amazon.com (NASDAQ:AMZN) last released its quarterly earnings data on Thursday, February 6th. The e-commerce giant reported $1.86 EPS for the quarter, beating the consensus estimate of $1.52 by $0.34. Amazon.com had a return on equity of 25.49% and a net margin of 9.29%. As a group, research analysts forecast that Amazon.com, Inc. will post 6.24 EPS for the current year.

Institutional Investors Weigh In On Amazon.com

Large investors have recently made changes to their positions in the stock. Prudent Man Investment Management Inc. acquired a new stake in shares of Amazon.com in the 4th quarter valued at approximately $27,000. Accordant Advisory Group Inc raised its stake in Amazon.com by 400.0% in the 4th quarter. Accordant Advisory Group Inc now owns 125 shares of the e-commerce giant’s stock valued at $27,000 after acquiring an additional 100 shares during the period. LSV Asset Management bought a new stake in Amazon.com in the 4th quarter valued at $35,000. Perritt Capital Management Inc raised its stake in Amazon.com by 72.7% in the 4th quarter. Perritt Capital Management Inc now owns 190 shares of the e-commerce giant’s stock valued at $42,000 after acquiring an additional 80 shares during the period. Finally, Hoese & Co LLP bought a new stake in Amazon.com in the 3rd quarter valued at $37,000. Institutional investors and hedge funds own 72.20% of the company’s stock.

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.