Brian T. Olsavsky Sells 14,620 Shares of Amazon.com, Inc. (NASDAQ:AMZN) Stock

Amazon.com, Inc. (NASDAQ:AMZN) CFO Brian T. Olsavsky sold 14,620 shares of the business’s stock in a transaction that occurred on Friday, February 21st. The shares were sold at an average price of $223.14, for a total value of $3,262,306.80. Following the completion of the transaction, the chief financial officer now owns 49,000 shares of the company’s stock, valued at $10,933,860. This represents a 22.98 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this link.

Amazon.com Stock Down 2.6 %

Amazon.com stock opened at $208.74 on Friday. The company’s 50-day moving average price is $226.70 and its two-hundred day moving average price is $205.29. The company has a quick ratio of 0.87, a current ratio of 1.06 and a debt-to-equity ratio of 0.18. The stock has a market cap of $2.21 trillion, a P/E ratio of 37.75, a P/E/G ratio of 1.50 and a beta of 1.15. Amazon.com, Inc. has a twelve month low of $151.61 and a twelve month high of $242.52.

Amazon.com (NASDAQ:AMZN) last announced its earnings results on Thursday, February 6th. The e-commerce giant reported $1.86 earnings per share for the quarter, topping analysts’ consensus estimates of $1.52 by $0.34. Amazon.com had a return on equity of 24.25% and a net margin of 9.29%. As a group, analysts expect that Amazon.com, Inc. will post 6.31 EPS for the current year.

Institutional Investors Weigh In On Amazon.com

A number of hedge funds and other institutional investors have recently modified their holdings of AMZN. Castlekeep Investment Advisors LLC bought a new stake in Amazon.com in the 4th quarter valued at about $25,000. Accordant Advisory Group Inc raised its position in shares of Amazon.com by 400.0% in the fourth quarter. Accordant Advisory Group Inc now owns 125 shares of the e-commerce giant’s stock valued at $27,000 after buying an additional 100 shares in the last quarter. Prudent Man Investment Management Inc. bought a new stake in shares of Amazon.com in the fourth quarter valued at approximately $27,000. Icon Wealth Advisors LLC grew its position in Amazon.com by 20.5% during the third quarter. Icon Wealth Advisors LLC now owns 150,661 shares of the e-commerce giant’s stock worth $28,000 after buying an additional 25,581 shares in the last quarter. Finally, LSV Asset Management bought a new position in Amazon.com during the 4th quarter worth $35,000. Institutional investors and hedge funds own 72.20% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on the stock. Wedbush reaffirmed an “outperform” rating and issued a $280.00 price target on shares of Amazon.com in a research note on Friday, February 7th. Evercore ISI boosted their price objective on shares of Amazon.com from $240.00 to $260.00 and gave the company an “outperform” rating in a research report on Friday, November 1st. Needham & Company LLC reiterated a “buy” rating and set a $250.00 target price on shares of Amazon.com in a report on Friday, February 7th. Raymond James boosted their price target on Amazon.com from $260.00 to $275.00 in a report on Monday, February 10th. Finally, Oppenheimer upped their price objective on Amazon.com from $230.00 to $260.00 and gave the stock an “outperform” rating in a research report on Friday, February 7th. Two analysts have rated the stock with a hold rating, forty-two have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, Amazon.com currently has an average rating of “Moderate Buy” and an average price target of $260.65.

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.