Investment Management Changes at Amazon.com: Insider Activity and Analyst Price Targets

Are you interested in the latest news and updates on Amazon.com, Inc. (NASDAQ:AMZN)? Well, you’re in luck because we have all the insider information on the recent activities surrounding this e-commerce giant.

First off, Montgomery Investment Management Inc. recently decreased its position in Amazon.com by 8.7% during the first quarter, selling off 200 shares. However, they still hold 2,100 shares worth $379,000. This move is just one of many by institutional investors and hedge funds, with 72.20% of the stock currently owned by these entities.

In terms of insider activity, CEO Douglas J. Herrington and Director Keith Brian Alexander have both recently sold shares of Amazon.com. Herrington sold 3,500 shares at an average price of $180.29, while Alexander sold 1,000 shares at $186.22. These transactions are just a part of the 6,112,990 shares sold by insiders over the last three months, totaling $1,222,250,048.

On the analyst side, several research firms have set new price targets for Amazon.com, with most giving the company a “buy” rating. The consensus target price is currently $218.82, indicating a positive outlook for the stock.

In terms of performance, Amazon.com has seen a twelve month low of $118.35 and a high of $201.20. The company reported strong quarterly earnings, beating estimates and showing growth in revenue. With a market capitalization of $1.91 trillion, Amazon.com continues to be a major player in the e-commerce industry.

Overall, Amazon.com continues to be a strong contender in the market, with positive analyst ratings and solid financial performance. Keep an eye on this stock for potential growth opportunities in the future.