Amazon.com, Inc. (NASDAQ:AMZN) VP Shelley Reynolds Sells 8,833 Shares

Amazon.com, Inc. (NASDAQ:AMZN) VP Shelley Reynolds sold 8,833 shares of Amazon.com stock in a transaction dated Friday, February 21st. The stock was sold at an average price of $222.47, for a total transaction of $1,965,077.51. Following the sale, the vice president now directly owns 119,780 shares of the company’s stock, valued at $26,647,456.60. The trade was a 6.87 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink.

Amazon.com Trading Up 0.0 %

AMZN opened at $212.80 on Wednesday. Amazon.com, Inc. has a fifty-two week low of $151.61 and a fifty-two week high of $242.52. 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 $2.26 trillion, a price-to-earnings ratio of 38.48, a PEG ratio of 1.50 and a beta of 1.15. The company’s 50 day moving average price is $227.11 and its two-hundred day moving average price is $205.20.

Amazon.com (NASDAQ:AMZN) last posted 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 net margin of 9.29% and a return on equity of 24.25%. As a group, research analysts predict that Amazon.com, Inc. will post 6.31 earnings per share for the current year.

Institutional Investors Weigh In On Amazon.com

A number of institutional investors have recently added to or reduced their stakes in AMZN. Prudent Man Investment Management Inc. bought a new stake in shares of Amazon.com in the 4th quarter valued at $27,000. Accordant Advisory Group Inc boosted its stake in shares of Amazon.com by 400.0% in the 4th quarter. Accordant Advisory Group Inc now owns 125 shares of the e-commerce giant’s stock valued at $27,000 after purchasing an additional 100 shares during the last quarter. LSV Asset Management bought a new stake in shares of Amazon.com in the 4th quarter valued at $35,000. Perritt Capital Management Inc boosted its stake in shares of Amazon.com by 72.7% in the 4th quarter. Perritt Capital Management Inc now owns 190 shares of the e-commerce giant’s stock valued at $42,000 after purchasing an additional 80 shares during the last quarter. Finally, Hoese & Co LLP bought a new stake in shares of Amazon.com in the 3rd quarter valued at $37,000. 72.20% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

AMZN has been the subject of several research analyst reports. Scotiabank lifted their target price on shares of Amazon.com from $246.00 to $306.00 and gave the stock a “sector outperform” rating in a report on Friday, January 24th. Robert W. Baird lifted 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. TD Cowen lifted their price objective on shares of Amazon.com from $240.00 to $265.00 and gave the stock a “buy” rating in a research note on Thursday, December 12th. Tigress Financial lifted their price objective on shares of Amazon.com from $245.00 to $290.00 and gave the stock a “buy” rating in a research note on Friday, December 20th. Finally, Piper Sandler reiterated an “overweight” rating and issued a $265.00 price objective (up previously from $225.00) on shares of Amazon.com in a research note on Friday, February 7th. Two equities research analysts have rated the stock with a hold rating, forty-two have given a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus 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.