Amazon.com (NASDAQ:AMZN) Trading Down 8.7% Following Insider Selling

Amazon.com, Inc. (NASDAQ:AMZN)’s stock price fell 8.7% on Thursday following insider selling activity. The stock traded as low as $176.92 and last traded at $178.92. 42,136,022 shares were traded during mid-day trading, an increase of 5% from the average session volume of 40,083,354 shares. The stock had previously closed at $196.01.

Specifically, CEO Douglas J. Herrington sold 2,500 shares of the business’s stock in a transaction that occurred on Tuesday, April 1st. The stock was sold at an average price of $187.99, for a total value of $469,975.00. Following the completion of the sale, the chief executive officer now owns 509,474 shares in the company, valued at approximately $95,776,017.26. The trade was a 0.49 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

Analysts Set New Price Targets

Several research analysts recently commented on AMZN shares. Robert W. Baird boosted their price objective on shares of Amazon.com from $220.00 to $260.00 and gave the stock an “outperform” rating in a research note on Friday, December 13th. Loop Capital increased their price objective on Amazon.com from $275.00 to $285.00 and gave the company a “buy” rating in a report on Wednesday, February 12th. Raymond James increased their price target on Amazon.com from $260.00 to $275.00 in a research note on Monday, February 10th. Tigress Financial boosted their price objective on Amazon.com from $245.00 to $290.00 and gave the company a “buy” rating in a report on Friday, December 20th. Finally, Wolfe Research boosted their price target on Amazon.com from $250.00 to $270.00 and gave the company an “outperform” rating in a report on Friday, January 3rd. Two research analysts have rated the stock with a hold rating, forty-three have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, Amazon.com has a consensus rating of “Moderate Buy” and a consensus target price of $260.53.

Amazon.com Price Performance

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 firm has a market capitalization of $1.81 trillion, a PE ratio of 30.92, a P/E/G ratio of 1.50 and a beta of 1.39. The company has a 50-day moving average price of $212.18 and a 200-day moving average price of $208.91.

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

Institutional Trading of Amazon.com

A number of hedge funds have recently bought and sold shares of the company. AMF Tjanstepension AB boosted its holdings in Amazon.com by 44.3% in the 3rd quarter. AMF Tjanstepension AB now owns 2,641,401 shares of the e-commerce giant’s stock worth $492,172,000 after acquiring an additional 811,425 shares during the period. Swedbank AB increased its stake in Amazon.com by 1.4% during the 3rd quarter. Swedbank AB now owns 13,335,826 shares of the e-commerce giant’s stock worth $2,484,864,000 after buying an additional 183,610 shares during the period. Sassicaia Capital Advisers LLC purchased a new position in Amazon.com in the 3rd quarter valued at about $279,000. Howard Capital Management Group LLC lifted its stake in shares of Amazon.com by 0.3% in the third quarter. Howard Capital Management Group LLC now owns 356,539 shares of the e-commerce giant’s stock worth $66,434,000 after acquiring an additional 897 shares in the last quarter. Finally, Meridian Management Co. boosted its stake in shares of Amazon.com by 27.6% during the 3rd quarter. Meridian Management Co. now owns 33,460 shares of the e-commerce giant’s stock valued at $6,235,000 after buying an additional 7,246 shares during the last quarter. 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.