Amazon.com (NASDAQ:AMZN) Stock Price Down 0.1% on Insider Selling
Specifically, CEO Douglas J. Herrington sold 2,500 shares of the stock in a transaction dated Thursday, May 1st. The stock was sold at an average price of $190.67, for a total transaction of $476,675.00. Following the completion of the sale, the chief executive officer now owns 506,974 shares in the company, valued at approximately $96,664,732.58. This trade represents a 0.49 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.
Several equities analysts have recently commented on AMZN shares. Loop Capital boosted their target price on shares of Amazon.com from $275.00 to $285.00 and gave the stock a “buy” rating in a report on Wednesday, February 12th. Tigress Financial lifted their price objective on Amazon.com from $290.00 to $305.00 and gave the stock a “buy” rating in a research note on Tuesday. Maxim Group increased their target price on Amazon.com from $260.00 to $280.00 and gave the company a “buy” rating in a research report on Friday, February 7th. Citigroup restated an “outperform” rating on shares of Amazon.com in a research report on Friday. Finally, The Goldman Sachs Group lowered their price objective on shares of Amazon.com from $255.00 to $220.00 and set a “buy” rating for the company in a research report on Tuesday, April 22nd. Four analysts have rated the stock with a hold rating and forty-four have assigned a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $244.09.
The company has a current ratio of 1.06, a quick ratio of 0.87 and a debt-to-equity ratio of 0.18. The stock has a market cap of $1.96 trillion, a PE ratio of 33.46, a P/E/G ratio of 1.50 and a beta of 1.30. The business’s 50-day moving average price is $189.45 and its 200-day moving average price is $207.88.
Amazon.com (NASDAQ:AMZN – Get Free Report) last released its quarterly earnings results on Thursday, May 1st. The e-commerce giant reported $1.59 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.38 by $0.21. Amazon.com had a net margin of 9.29% and a return on equity of 24.25%. The business had revenue of $155.67 billion for the quarter, compared to analyst estimates of $154.96 billion. During the same period in the previous year, the company earned $0.98 earnings per share. The business’s revenue for the quarter was up 8.6% on a year-over-year basis. As a group, equities research analysts expect that Amazon.com, Inc. will post 6.31 earnings per share for the current fiscal year.
Hedge funds have recently added to or reduced their stakes in the business. Sassicaia Capital Advisers LLC purchased a new stake in Amazon.com during the 3rd quarter worth approximately $279,000. Howard Capital Management Group LLC lifted its stake in shares of Amazon.com by 0.3% during 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 buying an additional 897 shares during the period. Principal Financial Group Inc. grew its holdings in shares of Amazon.com by 5.1% during the third quarter. Principal Financial Group Inc. now owns 20,166,314 shares of the e-commerce giant’s stock valued at $3,757,589,000 after buying an additional 984,570 shares during the last quarter. Principal Street Partners LLC increased its position in shares of Amazon.com by 93.8% in the 3rd quarter. Principal Street Partners LLC now owns 135,567 shares of the e-commerce giant’s stock valued at $26,170,000 after acquiring an additional 65,601 shares during the period. Finally, Sanders Capital LLC raised its stake in Amazon.com by 1.0% in the 3rd quarter. Sanders Capital LLC now owns 10,929,921 shares of the e-commerce giant’s stock worth $2,036,572,000 after acquiring an additional 104,518 shares during the last quarter. 72.20% of the stock is owned by institutional investors and hedge funds.
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.
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