Amazon.com, Inc. (NASDAQ:AMZN) CEO Adam Selipsky Sells 500 Shares

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

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

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

Amazon.com Price Performance

Shares of NASDAQ:AMZN traded up $2.60 on Monday, hitting $177.23. The company’s stock had a trading volume of 37,861,625 shares, compared to its average volume of 42,924,973. The company has a 50-day simple moving average of $177.28 and a 200 day simple moving average of $157.27. Amazon.com, Inc. has a 1 year low of $101.15 and a 1 year high of $189.77. The company has a market capitalization of $1.84 trillion, a PE ratio of 60.30, a PEG ratio of 1.52 and a beta of 1.17. The company has a debt-to-equity ratio of 0.29, a current ratio of 1.05 and a quick ratio of 0.84.

Amazon.com (NASDAQ:AMZN) last released its quarterly earnings results on Thursday, February 1st. The e-commerce giant reported $1.00 earnings per share for the quarter, beating the consensus estimate of $0.81 by $0.19. The firm had revenue of $169.96 billion for the quarter, compared to analysts’ expectations of $165.96 billion. Amazon.com had a return on equity of 16.61% and a net margin of 5.29%. The company’s revenue was up 13.9% compared to the same quarter last year. During the same quarter last year, the firm posted $0.21 EPS. Sell-side analysts forecast that Amazon.com, Inc. will post 4.1 EPS for the current fiscal year.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on the company. Wedbush reaffirmed an “outperform” rating and set a $220.00 target price on shares of Amazon.com in a research report on Wednesday, April 10th. Canaccord Genuity Group raised their target price on Amazon.com from $185.00 to $200.00 and gave the company a “buy” rating in a research report on Friday, February 2nd. Truist Financial raised their target price on Amazon.com from $195.00 to $216.00 and gave the company a “buy” rating in a research report on Wednesday, April 17th. Moffett Nathanson reaffirmed a “buy” rating and set a $228.00 target price on shares of Amazon.com in a research report on Thursday, April 11th. Finally, Morgan Stanley raised their target price on Amazon.com from $185.00 to $200.00 and gave the company an “overweight” rating in a research report on Friday, February 2nd. One research analyst has rated the stock with a hold rating, forty-four have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the company has a consensus rating of “Buy” and an average target price of $202.80.

Hedge Funds Weigh In On Amazon.com

A number of large investors have recently modified their holdings of the company. Financial Management Network Inc. raised its holdings in shares of Amazon.com by 0.8% during the 1st quarter. Financial Management Network Inc. now owns 28,948 shares of the e-commerce giant’s stock valued at $5,211,000 after buying an additional 243 shares in the last quarter. CKW Financial Group raised its holdings in shares of Amazon.com by 0.9% during the 1st quarter. CKW Financial Group now owns 30,153 shares of the e-commerce giant’s stock valued at $5,457,000 after buying an additional 280 shares in the last quarter. Horst & Graben Wealth Management LLC raised its holdings in shares of Amazon.com by 28.3% during the 1st quarter. Horst & Graben Wealth Management LLC now owns 5,288 shares of the e-commerce giant’s stock valued at $954,000 after buying an additional 1,167 shares in the last quarter. Donaldson Capital Management LLC raised its holdings in shares of Amazon.com by 3.3% during the 1st quarter. Donaldson Capital Management LLC now owns 63,095 shares of the e-commerce giant’s stock valued at $11,381,000 after buying an additional 2,023 shares in the last quarter. Finally, Zeno Equity Partners LLP raised its holdings in shares of Amazon.com by 55.2% during the 1st quarter. Zeno Equity Partners LLP now owns 147,302 shares of the e-commerce giant’s stock valued at $26,570,000 after buying an additional 52,380 shares in the last quarter. 72.20% of the stock is owned by hedge funds and other institutional investors.

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.