Andrew R. Jassy Sells 20,784 Shares of Amazon.com, Inc. (NASDAQ:AMZN) Stock

Amazon.com, Inc. (NASDAQ:AMZN) CEO Andrew R. Jassy sold 20,784 shares of the company’s stock in a transaction that occurred on Friday, February 21st. The shares were sold at an average price of $220.65, for a total value of $4,585,989.60. Following the completion of the transaction, the chief executive officer now directly owns 2,118,886 shares in the company, valued at approximately $467,532,195.90. The trade was a 0.97 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.

Amazon.com Stock Performance

Shares of AMZN stock traded up $0.09 during trading on Tuesday, reaching $212.80. The company had a trading volume of 58,833,337 shares, compared to its average volume of 36,243,547. The firm’s 50 day simple moving average is $227.48 and its two-hundred day simple moving average is $204.88. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.06 and a quick ratio of 0.87. Amazon.com, Inc. has a one year low of $151.61 and a one year high of $242.52. The company has a market capitalization of $2.26 trillion, a PE ratio of 38.48, a PEG ratio of 1.50 and a beta of 1.15.

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

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on the company. JPMorgan Chase & Co. boosted their price target on Amazon.com from $250.00 to $280.00 and gave the company an “overweight” rating in a report on Wednesday, December 18th. Evercore ISI boosted their price target on Amazon.com from $240.00 to $260.00 and gave the company an “outperform” rating in a report on Friday, November 1st. UBS Group boosted their price target on Amazon.com from $230.00 to $264.00 and gave the company a “buy” rating in a report on Monday, December 16th. JMP Securities restated a “market outperform” rating and set a $285.00 price objective on shares of Amazon.com in a research note on Friday, February 7th. Finally, Stifel Nicolaus upped their price objective on Amazon.com from $245.00 to $275.00 and gave the stock a “buy” rating in a research note on Friday, February 7th. Two research analysts have rated the stock with a hold rating, forty-two have given a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $260.65.

Hedge Funds Weigh In On Amazon.com

Several institutional investors have recently bought and sold shares of AMZN. Norges Bank bought a new stake in shares of Amazon.com during the fourth quarter worth $27,266,582,000. International Assets Investment Management LLC raised its position in shares of Amazon.com by 20,897.2% during the third quarter. International Assets Investment Management LLC now owns 39,135,449 shares of the e-commerce giant’s stock worth $72,921,080,000 after acquiring an additional 38,949,065 shares during the last quarter. Capital World Investors raised its position in shares of Amazon.com by 36.8% during the fourth quarter. Capital World Investors now owns 65,709,496 shares of the e-commerce giant’s stock worth $14,416,078,000 after acquiring an additional 17,681,004 shares during the last quarter. Vanguard Group Inc. raised its position in shares of Amazon.com by 2.2% during the fourth quarter. Vanguard Group Inc. now owns 823,360,597 shares of the e-commerce giant’s stock worth $180,637,081,000 after acquiring an additional 17,635,391 shares during the last quarter. Finally, Proficio Capital Partners LLC raised its position in shares of Amazon.com by 17,054.5% during the fourth quarter. Proficio Capital Partners LLC now owns 12,088,589 shares of the e-commerce giant’s stock worth $2,652,116,000 after acquiring an additional 12,018,120 shares during the last quarter. Institutional investors own 72.20% of the company’s stock.

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.