Amazon.com (NASDAQ:AMZN) Trading Down 1% on Insider Selling

Shares of Amazon.com, Inc. (NASDAQ:AMZN) traded down 1% during mid-day trading on Friday after an insider sold shares in the company. The company traded as low as $189.16 and last traded at $189.16. 9,525,393 shares were traded during mid-day trading, a decline of 77% from the average session volume of 42,018,738 shares. The stock had previously closed at $191.16.

Specifically, SVP David Zapolsky sold 2,190 shares of the stock in a transaction dated Tuesday, September 24th. The shares were sold at an average price of $195.00, for a total transaction of $427,050.00. Following the completion of the sale, the senior vice president now owns 62,420 shares in the company, valued at $12,171,900. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

Analyst Ratings Changes

Several research analysts recently issued reports on AMZN shares. Royal Bank of Canada reissued an “outperform” rating and set a $215.00 price target on shares of Amazon.com in a report on Friday, August 2nd. Wolfe Research started coverage on shares of Amazon.com in a report on Tuesday, July 16th. They set an “outperform” rating and a $250.00 price target for the company. TD Cowen increased their price target on shares of Amazon.com from $225.00 to $245.00 and gave the stock a “buy” rating in a report on Wednesday, July 10th. The Goldman Sachs Group cut their price target on shares of Amazon.com from $250.00 to $230.00 and set a “buy” rating for the company in a report on Friday, August 2nd. Finally, Jefferies Financial Group cut their price target on shares of Amazon.com from $235.00 to $225.00 and set a “buy” rating for the company in a report on Friday, August 2nd. One equities research analyst has rated the stock with a hold rating, forty-one have issued a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Buy” and an average price target of $222.84.

Amazon.com Stock Performance

The company has a market cap of $1.97 trillion, a price-to-earnings ratio of 52.65, a price-to-earnings-growth ratio of 1.46 and a beta of 1.14. The stock’s fifty day simple moving average is $178.92 and its two-hundred day simple moving average is $182.64. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.88 and a current ratio of 1.10.

Amazon.com (NASDAQ:AMZN) last announced its quarterly earnings results on Thursday, August 1st. The e-commerce giant reported $1.23 earnings per share for the quarter, beating analysts’ consensus estimates of $1.05 by $0.18. The company had revenue of $147.98 billion for the quarter, compared to analyst estimates of $148.63 billion. Amazon.com had a net margin of 7.35% and a return on equity of 21.39%. Equities research analysts anticipate that Amazon.com, Inc. will post 4.86 EPS for the current year.

Hedge Funds Weigh In On Amazon.com

A number of hedge funds have recently made changes to their positions in the stock. Sage Advisors LLC boosted its holdings in shares of Amazon.com by 21.0% in the 2nd quarter. Sage Advisors LLC now owns 22,355 shares of the e-commerce giant’s stock valued at $4,320,000 after purchasing an additional 3,876 shares during the last quarter. Alternative Investment Advisors LLC. purchased a new position in shares of Amazon.com in the 2nd quarter valued at $1,923,000. Greater Midwest Financial Group LLC raised its stake in shares of Amazon.com by 4.3% in the 2nd quarter. Greater Midwest Financial Group LLC now owns 54,579 shares of the e-commerce giant’s stock valued at $10,547,000 after acquiring an additional 2,251 shares during the period. Centaurus Financial Inc. raised its stake in shares of Amazon.com by 63.3% in the 2nd quarter. Centaurus Financial Inc. now owns 154,607 shares of the e-commerce giant’s stock valued at $29,878,000 after acquiring an additional 59,945 shares during the period. Finally, Healthcare of Ontario Pension Plan Trust Fund raised its stake in shares of Amazon.com by 164.1% in the 2nd quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 1,053,958 shares of the e-commerce giant’s stock valued at $203,677,000 after acquiring an additional 654,908 shares during the period. Institutional investors and hedge funds 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.