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

Amazon.com, Inc. (NASDAQ:AMZN) CEO Adam Selipsky sold 500 shares of the company’s stock in a transaction on Thursday, April 4th. The shares were sold at an average price of $184.00, for a total transaction of $92,000.00. Following the completion of the sale, the chief executive officer now directly owns 131,600 shares in the company, valued at $24,214,400. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink.

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

• 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 transaction 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 transaction of $77,860.00.
• On Thursday, January 18th, Adam Selipsky sold 500 shares of Amazon.com stock. The stock was sold at an average price of $152.78, for a total transaction of $76,390.00.

Amazon.com Trading Up 0.3 %

Shares of AMZN stock opened at $185.67 on Wednesday. The company has a debt-to-equity ratio of 0.29, a current ratio of 1.05 and a quick ratio of 0.84. The firm has a market cap of $1.93 trillion, a PE ratio of 64.02, a price-to-earnings-growth ratio of 1.61 and a beta of 1.17. The company has a 50-day moving average of $174.83 and a two-hundred day moving average of $154.13. Amazon.com, Inc. has a 1-year low of $97.71 and a 1-year high of $187.34.

Amazon.com (NASDAQ:AMZN) last announced its earnings results on Thursday, February 1st. The e-commerce giant reported $1.00 earnings per share for the quarter, topping the consensus estimate of $0.81 by $0.19. The company had revenue of $169.96 billion during the quarter, compared to analyst estimates of $165.96 billion. Amazon.com had a net margin of 5.29% and a return on equity of 16.61%. Amazon.com’s revenue was up 13.9% compared to the same quarter last year. During the same quarter last year, the firm posted $0.21 earnings per share. On average, analysts predict that Amazon.com, Inc. will post 4.08 EPS for the current year.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of AMZN. Meridian Investment Counsel Inc. boosted its stake in shares of Amazon.com by 3.4% in the first quarter. Meridian Investment Counsel Inc. now owns 151 shares of the e-commerce giant’s stock valued at $492,000 after purchasing an additional 5 shares during the period. Alterna Wealth Management Inc. boosted its stake in shares of Amazon.com by 1.8% in the first quarter. Alterna Wealth Management Inc. now owns 289 shares of the e-commerce giant’s stock valued at $942,000 after purchasing an additional 5 shares during the period. Fiduciary Planning LLC boosted its stake in shares of Amazon.com by 1.5% in the first quarter. Fiduciary Planning LLC now owns 349 shares of the e-commerce giant’s stock valued at $1,138,000 after purchasing an additional 5 shares during the period. HBC Financial Services PLLC boosted its stake in shares of Amazon.com by 0.8% in the first quarter. HBC Financial Services PLLC now owns 616 shares of the e-commerce giant’s stock valued at $1,717,000 after purchasing an additional 5 shares during the period. Finally, Archetype Wealth Partners boosted its stake in shares of Amazon.com by 3.7% in the first quarter. Archetype Wealth Partners now owns 169 shares of the e-commerce giant’s stock valued at $552,000 after purchasing an additional 6 shares during the period. Hedge funds and other institutional investors own 72.20% of the company’s stock.

Analyst Ratings Changes

A number of brokerages recently issued reports on AMZN. Barclays increased their price target on shares of Amazon.com from $190.00 to $220.00 and gave the stock an “overweight” rating in a report on Friday, February 2nd. Benchmark increased their price target on shares of Amazon.com from $175.00 to $200.00 and gave the stock a “buy” rating in a report on Friday, February 2nd. JPMorgan Chase & Co. increased their price target on shares of Amazon.com from $190.00 to $225.00 and gave the stock an “overweight” rating in a report on Friday, February 2nd. Telsey Advisory Group reissued an “outperform” rating and set a $200.00 price target on shares of Amazon.com in a report on Wednesday, March 27th. Finally, TD Cowen increased their price target on shares of Amazon.com from $200.00 to $225.00 and gave the stock an “outperform” rating in a report on Friday, February 2nd. One analyst has rated the stock with a hold rating, forty-three 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 $198.09.

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.