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 stock in a transaction on Wednesday, August 21st. The shares were sold at an average price of $180.77, for a total value of $3,757,123.68. Following the sale, the chief executive officer now owns 2,056,534 shares of the company’s stock, valued at approximately $371,759,651.18. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink.

Amazon.com Price Performance

Shares of NASDAQ:AMZN traded up $0.91 during trading on Friday, reaching $177.04. The stock had a trading volume of 29,081,646 shares, compared to its average volume of 43,018,313. Amazon.com, Inc. has a 52 week low of $118.35 and a 52 week high of $201.20. The business’s 50-day moving average price is $183.91 and its 200 day moving average price is $180.85. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.07 and a quick ratio of 0.87. The stock has a market capitalization of $1.84 trillion, a PE ratio of 49.90, a P/E/G ratio of 1.32 and a beta of 1.15.

Analyst Ratings Changes

A number of analysts have recently issued reports on the company. Morgan Stanley reduced their target price on Amazon.com from $240.00 to $210.00 and set an “overweight” rating for the company in a report on Tuesday, August 6th. Maxim Group increased their price objective on Amazon.com from $238.00 to $251.00 and gave the stock a “buy” rating in a report on Friday, August 2nd. Wedbush reiterated an “outperform” rating and set a $225.00 price objective on shares of Amazon.com in a report on Friday, August 2nd. Bank of America lowered their target price on shares of Amazon.com from $220.00 to $210.00 and set a “buy” rating on the stock in a research report on Friday, August 2nd. Finally, JMP Securities reissued a “market outperform” rating and set a $225.00 target price on shares of Amazon.com in a research report on Wednesday, July 31st. One investment analyst has rated the stock with a hold rating, forty have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Buy” and a consensus target price of $221.69.

Institutional Trading of Amazon.com

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Aristides Capital LLC acquired a new stake in shares of Amazon.com in the second quarter valued at approximately $1,546,000. Orleans Capital Management Corp LA increased its holdings in shares of Amazon.com by 58.0% in the second quarter. Orleans Capital Management Corp LA now owns 8,865 shares of the e-commerce giant’s stock valued at $1,713,000 after purchasing an additional 3,255 shares in the last quarter. 3Chopt Investment Partners LLC increased its holdings in shares of Amazon.com by 7.4% in the second quarter. 3Chopt Investment Partners LLC now owns 16,273 shares of the e-commerce giant’s stock valued at $3,145,000 after purchasing an additional 1,126 shares in the last quarter. Heartland Bank & Trust Co increased its holdings in shares of Amazon.com by 0.8% in the second quarter. Heartland Bank & Trust Co now owns 24,938 shares of the e-commerce giant’s stock valued at $4,819,000 after purchasing an additional 191 shares in the last quarter. Finally, SPC Financial Inc. increased its holdings in shares of Amazon.com by 62.2% in the second quarter. SPC Financial Inc. now owns 20,227 shares of the e-commerce giant’s stock valued at $3,909,000 after purchasing an additional 7,754 shares in the last quarter. Institutional investors and hedge funds 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.