Insider Selling: Amazon.com, Inc. (NASDAQ:AMZN) CEO Sells $63,135.00 in Stock

Posted by Defense World Staff on Jun 11th, 2023

Amazon.com, Inc. (NASDAQ:AMZN) CEO Adam Selipsky sold 500 shares of the company’s stock in a transaction dated Tuesday, June 6th. The shares were sold at an average price of $126.27, for a total transaction of $63,135.00. Following the sale, the chief executive officer now directly owns 152,780 shares of the company’s stock, valued at approximately $19,291,530.60. The sale was disclosed in a filing with the SEC, which is available at this link.

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

On Monday, May 15th, Adam Selipsky sold 10,760 shares of Amazon.com stock. The shares were sold at an average price of $110.33, for a total transaction of $1,187,150.80.
On Thursday, May 4th, Adam Selipsky sold 520 shares of Amazon.com stock. The shares were sold at an average price of $104.34, for a total transaction of $54,256.80.
On Wednesday, April 19th, Adam Selipsky sold 520 shares of Amazon.com stock. The shares were sold at an average price of $103.77, for a total transaction of $53,960.40.
On Wednesday, April 5th, Adam Selipsky sold 500 shares of Amazon.com stock. The shares were sold at an average price of $101.67, for a total transaction of $50,835.00.
On Tuesday, March 21st, Adam Selipsky sold 2,299 shares of Amazon.com stock. The shares were sold at an average price of $100.34, for a total transaction of $230,681.66.

Amazon.com Trading Down 0.7 %

NASDAQ AMZN opened at $123.43 on Friday. The company has a debt-to-equity ratio of 0.43, a current ratio of 0.92 and a quick ratio of 0.69. The firm’s fifty day moving average price is $110.32 and its 200 day moving average price is $99.87. The company has a market capitalization of $1.27 trillion, a price-to-earnings ratio of 293.88, a price-to-earnings-growth ratio of 2.42 and a beta of 1.26. Amazon.com, Inc. has a 12 month low of $81.43 and a 12 month high of $146.57.

Amazon.com (NASDAQ:AMZN – Get Rating) last posted its earnings results on Thursday, April 27th. The e-commerce giant reported $0.31 EPS for the quarter, beating analysts’ consensus estimates of $0.22 by $0.09. The firm had revenue of $127.36 billion for the quarter, compared to the consensus estimate of $124.57 billion. Amazon.com had a net margin of 0.82% and a return on equity of 5.85%. The company’s revenue was up 9.4% on a year-over-year basis. During the same period last year, the firm posted $0.21 EPS. On average, sell-side analysts expect that Amazon.com, Inc. will post 1.56 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of the business. Bradley Mark J. grew its position in Amazon.com by 16.0% during the 1st quarter. Bradley Mark J. now owns 21,985 shares of the e-commerce giant’s stock worth $2,271,000 after purchasing an additional 3,035 shares during the last quarter. Sweeney & Michel LLC purchased a new position in Amazon.com during the 1st quarter worth $1,594,000. Maripau Wealth Management LLC grew its position in Amazon.com by 4.6% during the 1st quarter. Maripau Wealth Management LLC now owns 2,797 shares of the e-commerce giant’s stock worth $289,000 after purchasing an additional 122 shares during the last quarter. Atomi Financial Group Inc. purchased a new position in Amazon.com during the 1st quarter worth $929,000. Finally, EP Wealth Advisors LLC purchased a new position in Amazon.com during the 1st quarter worth $83,246,000. 57.64% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

AMZN has been the subject of several analyst reports. Evercore ISI dropped their price target on shares of Amazon.com from $160.00 to $155.00 and set an “outperform” rating for the company in a research note on Monday, April 3rd. JMP Securities reissued a “market outperform” rating and issued a $140.00 price target on shares of Amazon.com in a research note on Wednesday, April 19th. JPMorgan Chase & Co. upped their price objective on shares of Amazon.com from $135.00 to $145.00 in a report on Friday, April 28th. Bank of America upped their price objective on shares of Amazon.com from $135.00 to $139.00 in a report on Friday, April 28th. Finally, Wedbush upped their price objective on shares of Amazon.com from $125.00 to $129.00 in a report on Friday, April 28th. Three analysts have rated the stock with a hold rating and forty-one have given a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $144.93.

About Amazon.com

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Amazon.com, Inc is a multinational technology company, which engages in the provision of online retail shopping services. It operates through the following segments: North America, International, and Amazon Web Services (AWS). The North America segment is involved in the retail sales of consumer products including from sellers and subscriptions through North America-focused online and physical stores.

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