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 that occurred on Thursday, March 21st. The shares were sold at an average price of $180.00, for a total value of $90,000.00. Following the completion of the transaction, the chief executive officer now directly owns 132,600 shares in the company, valued at $23,868,000. The sale was disclosed in a filing with the SEC, which can be accessed through this link.

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

• 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 value of $77,860.00.
• On Thursday, January 18th, Adam Selipsky sold 500 shares of Amazon.com stock. The shares were sold at an average price of $152.78, for a total value of $76,390.00.
• On Thursday, January 4th, Adam Selipsky sold 500 shares of Amazon.com stock. The shares were sold at an average price of $145.63, for a total value of $72,815.00.

Amazon.com Trading Up 0.9 %

Shares of NASDAQ AMZN opened at $179.83 on Thursday. Amazon.com, Inc. has a 12 month low of $96.29 and a 12 month high of $181.41. The company has a market cap of $1.87 trillion, a price-to-earnings ratio of 62.01, a P/E/G ratio of 1.57 and a beta of 1.17. The company has a quick ratio of 0.84, a current ratio of 1.05 and a debt-to-equity ratio of 0.29. The business has a fifty day simple moving average of $169.73 and a 200-day simple moving average of $151.07.

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

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on AMZN shares. DA Davidson boosted their price target on Amazon.com from $195.00 to $200.00 and gave the company a “buy” rating in a report on Friday, February 2nd. The Goldman Sachs Group boosted their price target on Amazon.com from $200.00 to $220.00 and gave the company a “buy” rating in a report on Friday, February 2nd. Benchmark boosted their price target on Amazon.com from $175.00 to $200.00 and gave the company a “buy” rating in a report on Friday, February 2nd. UBS Group boosted their price target on Amazon.com from $180.00 to $198.00 and gave the company a “buy” rating in a report on Friday, February 2nd. Finally, JPMorgan Chase & Co. upped their price objective on Amazon.com from $190.00 to $225.00 and gave the stock an “overweight” rating in a research note on Friday, February 2nd. One equities research 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. According to data from MarketBeat, the stock has an average rating of “Buy” and a consensus price target of $197.95.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of AMZN. Mayflower Financial Advisors LLC increased its position in Amazon.com by 0.3% in the 3rd quarter. Mayflower Financial Advisors LLC now owns 194,762 shares of the e-commerce giant’s stock worth $25,000 after purchasing an additional 572 shares during the last quarter. Cooksen Wealth LLC acquired a new position in shares of Amazon.com during the 4th quarter valued at about $30,000. PayPay Securities Corp increased its holdings in shares of Amazon.com by 54.3% during the 3rd quarter. PayPay Securities Corp now owns 267 shares of the e-commerce giant’s stock valued at $34,000 after acquiring an additional 94 shares during the last quarter. Laurel Wealth Planning LLC increased its holdings in shares of Amazon.com by 1,900.0% during the 2nd quarter. Laurel Wealth Planning LLC now owns 320 shares of the e-commerce giant’s stock valued at $34,000 after acquiring an additional 304 shares during the last quarter. Finally, Sanctuary Wealth Management L.L.C. acquired a new position in shares of Amazon.com during the 4th quarter valued at about $37,000. 72.20% of the stock is owned by institutional investors and hedge funds.

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.