Amazon.com (NASDAQ:AMZN) Trading Down 0.8% Following Insider Selling

Shares of Amazon.com, Inc. (NASDAQ:AMZN) fell 0.8% during trading on Friday following insider selling activity. The company traded as low as $227.23 and last traded at $228.52. 9,084,561 shares changed hands during mid-day trading, a decline of 73% from the average session volume of 34,230,801 shares. The stock had previously closed at $230.37.

Specifically, CEO Douglas J. Herrington sold 27,500 shares of the business’s stock in a transaction on Wednesday, February 12th. The shares were sold at an average price of $230.27, for a total value of $6,332,425.00. Following the sale, the chief executive officer now owns 497,067 shares of the company’s stock, valued at $114,459,618.09. The trade was a 5.24 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on AMZN. Jefferies Financial Group raised their target price on shares of Amazon.com from $235.00 to $275.00 and gave the company a “buy” rating in a research report on Monday, December 16th. Needham & Company LLC restated a “buy” rating and issued a $250.00 price objective on shares of Amazon.com in a report on Friday, February 7th. Sanford C. Bernstein upped their target price on Amazon.com from $235.00 to $265.00 and gave the stock an “outperform” rating in a report on Wednesday, December 18th. Morgan Stanley raised their price target on Amazon.com from $230.00 to $280.00 and gave the company an “overweight” rating in a research note on Monday, January 13th. Finally, Stifel Nicolaus boosted their price target on Amazon.com from $245.00 to $275.00 and gave the stock a “buy” rating in a research report on Friday, February 7th. Two analysts have rated the stock with a hold rating, forty-two have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $260.74.

Amazon.com Stock Performance

The stock has a 50 day moving average of $228.21 and a 200 day moving average of $202.30. The company has a quick ratio of 0.87, a current ratio of 1.09 and a debt-to-equity ratio of 0.21. The firm 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 earnings results 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 net margin of 9.29% and a return on equity of 25.49%. As a group, analysts anticipate that Amazon.com, Inc. will post 6.24 EPS for the current fiscal year.

Institutional Trading of Amazon.com

Hedge funds and other institutional investors have recently made changes to their positions in the company. Vanguard Group Inc. raised its stake in shares of Amazon.com by 2.2% during the fourth quarter. Vanguard Group Inc. now owns 823,360,597 shares of the e-commerce giant’s stock valued at $180,637,081,000 after acquiring an additional 17,635,391 shares during the last quarter. State Street Corp raised its position in Amazon.com by 3.3% during the 3rd quarter. State Street Corp now owns 359,179,990 shares of the e-commerce giant’s stock worth $66,926,008,000 after purchasing an additional 11,370,309 shares during the last quarter. FMR LLC grew its position in shares of Amazon.com by 0.5% in the 4th quarter. FMR LLC now owns 328,464,225 shares of the e-commerce giant’s stock valued at $72,061,766,000 after buying an additional 1,725,664 shares during the last quarter. Geode Capital Management LLC increased its stake in shares of Amazon.com by 2.5% in the fourth quarter. Geode Capital Management LLC now owns 204,930,426 shares of the e-commerce giant’s stock valued at $44,837,256,000 after buying an additional 5,015,380 shares during the period. Finally, Price T Rowe Associates Inc. MD lifted its stake in shares of Amazon.com by 2.3% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 182,813,905 shares of the e-commerce giant’s stock worth $40,107,544,000 after acquiring an additional 4,087,933 shares during the period. 72.20% of the stock is currently owned by institutional investors.

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.