Insider Selling: Amazon.com, Inc. (NASDAQ:AMZN) CEO Sells 500 Shares of Stock

Amazon.com, Inc. (NASDAQ:AMZN) CEO Adam Selipsky sold 500 shares of the business’s stock in a transaction on Thursday, April 18th. The shares were sold at an average price of $181.38, for a total value of $90,690.00. Following the completion of the sale, the chief executive officer now owns 130,600 shares of the company’s stock, valued at $23,688,228. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website.

Adam Selipsky also recently made the following trade(s):

• On Thursday, April 4th, Adam Selipsky sold 500 shares of Amazon.com stock. The shares were sold at an average price of $184.00, for a total transaction of $92,000.00.
• On Thursday, March 21st, Adam Selipsky sold 500 shares of Amazon.com stock. The stock was sold at an average price of $180.00, for a total transaction of $90,000.00.
• On Thursday, February 1st, Adam Selipsky sold 500 shares of Amazon.com stock. The stock was sold at an average price of $155.72, for a total transaction of $77,860.00.

Amazon.com Trading Down 1.6 %

NASDAQ AMZN opened at $176.59 on Thursday. The company has a quick ratio of 0.84, a current ratio of 1.05 and a debt-to-equity ratio of 0.29. Amazon.com, Inc. has a 52 week low of $101.15 and a 52 week high of $189.77. The business has a 50 day moving average price of $177.71 and a 200-day moving average price of $158.12. The company has a market cap of $1.83 trillion, a price-to-earnings ratio of 60.89, a P/E/G ratio of 1.54 and a beta of 1.16.

Amazon.com (NASDAQ:AMZN) last announced its quarterly earnings results on Thursday, February 1st. The e-commerce giant reported $1.00 EPS for the quarter, beating analysts’ consensus estimates of $0.81 by $0.19. Amazon.com had a net margin of 5.29% and a return on equity of 16.61%. The business had revenue of $169.96 billion during the quarter, compared to analyst estimates of $165.96 billion. During the same quarter in the previous year, the business posted $0.21 EPS. Amazon.com’s quarterly revenue was up 13.9% on a year-over-year basis. As a group, equities analysts expect that Amazon.com, Inc. will post 4.1 earnings per share for the current fiscal year.

Analysts Set New Price Targets

AMZN has been the subject of several recent research reports. Evercore ISI boosted their price target on Amazon.com from $195.00 to $220.00 and gave the company an “outperform” rating in a research note on Friday, February 2nd. Sanford C. Bernstein raised their price target on Amazon.com from $175.00 to $200.00 and gave the stock an “outperform” rating in a research report on Friday, February 2nd. JPMorgan Chase & Co. increased their price objective on shares of Amazon.com from $190.00 to $225.00 and gave the stock an “overweight” rating in a research note on Friday, February 2nd. Mizuho upped their price target on shares of Amazon.com from $220.00 to $230.00 and gave the stock a “buy” rating in a report on Friday, February 2nd. Finally, Truist Financial lifted their price objective on shares of Amazon.com from $195.00 to $216.00 and gave the company a “buy” rating in a research note on Wednesday, April 17th. One research analyst has rated the stock with a hold rating, forty-four have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and a consensus price target of $204.76.

Hedge Funds Weigh In On Amazon.com

Large investors have recently added to or reduced their stakes in the business. Ridgecrest Wealth Partners LLC lifted its holdings in shares of Amazon.com by 0.7% in the first quarter. Ridgecrest Wealth Partners LLC now owns 7,755 shares of the e-commerce giant’s stock valued at $1,399,000 after purchasing an additional 56 shares in the last quarter. Stordahl Capital Management Inc. lifted its stake in Amazon.com by 2.1% during the 1st quarter. Stordahl Capital Management Inc. now owns 2,763 shares of the e-commerce giant’s stock valued at $498,000 after acquiring an additional 56 shares in the last quarter. Echo45 Advisors LLC boosted its holdings in Amazon.com by 0.9% during the 1st quarter. Echo45 Advisors LLC now owns 6,619 shares of the e-commerce giant’s stock worth $1,194,000 after acquiring an additional 59 shares during the last quarter. Boyd Wealth Management LLC boosted its holdings in Amazon.com by 1.7% during the 1st quarter. Boyd Wealth Management LLC now owns 3,655 shares of the e-commerce giant’s stock worth $659,000 after acquiring an additional 60 shares during the last quarter. Finally, ShoreHaven Wealth Partners LLC grew its stake in shares of Amazon.com by 1.9% in the 4th quarter. ShoreHaven Wealth Partners LLC now owns 3,234 shares of the e-commerce giant’s stock worth $491,000 after acquiring an additional 60 shares in the last quarter. 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.