Amazon.com, Inc. (NASDAQ:AMZN) VP Shelley Reynolds Sells 8,833 Shares

Amazon.com, Inc. (NASDAQ:AMZN) VP Shelley Reynolds sold 8,833 shares of the company’s stock in a transaction that occurred on Friday, February 21st. The shares were sold at an average price of $222.47, for a total value of $1,965,077.51. Following the completion of the transaction, the vice president now directly owns 119,780 shares of the company’s stock, valued at approximately $26,647,456.60. This trade represents a 6.87 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.

Amazon.com Stock Performance

AMZN traded up $0.09 during trading on Tuesday, hitting $212.80. The stock had a trading volume of 58,833,337 shares, compared to its average volume of 36,243,547. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.06 and a quick ratio of 0.87. The company has a 50 day moving average price of $227.48 and a 200-day moving average price of $204.88. Amazon.com, Inc. has a one year low of $151.61 and a one year high of $242.52. The firm has a market cap of $2.26 trillion, a price-to-earnings ratio of 38.48, a P/E/G ratio of 1.50 and a beta of 1.15.

Amazon.com (NASDAQ:AMZN) last released its quarterly 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 24.25%. As a group, research analysts predict that Amazon.com, Inc. will post 6.31 EPS for the current year.

Analysts Set New Price Targets

A number of analysts have recently issued reports on the company. Scotiabank boosted their price objective on Amazon.com from $246.00 to $306.00 and gave the company a “sector outperform” rating in a research report on Friday, January 24th. Morgan Stanley boosted their price target on shares of Amazon.com from $230.00 to $280.00 and gave the company an “overweight” rating in a report on Monday, January 13th. Truist Financial raised their price objective on shares of Amazon.com from $265.00 to $270.00 and gave the stock a “buy” rating in a report on Friday, November 1st. Needham & Company LLC reissued a “buy” rating and issued a $250.00 target price on shares of Amazon.com in a research note on Friday, February 7th. Finally, Citigroup restated a “buy” rating on shares of Amazon.com in a research note on Thursday, February 13th. Two investment analysts have rated the stock with a hold rating, forty-two have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $260.65.

Institutional Investors Weigh In On Amazon.com

Hedge funds and other institutional investors have recently made changes to their positions in the business. Prudent Man Investment Management Inc. acquired a new stake in shares of Amazon.com during the 4th quarter worth $27,000. Accordant Advisory Group Inc grew its stake in 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 buying an additional 100 shares in the last quarter. LSV Asset Management bought a new position in Amazon.com in the 4th quarter valued at about $35,000. Perritt Capital Management Inc raised its position in shares of 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 buying an additional 80 shares in the last quarter. Finally, Hoese & Co LLP bought a new stake in shares of Amazon.com during the 3rd quarter worth approximately $37,000. 72.20% of the stock is currently owned by institutional investors and hedge funds.

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.