Insider Selling: Amazon.com, Inc. (NASDAQ:AMZN) SVP Sells 19,212 Shares of Stock

Amazon.com, Inc. (NASDAQ:AMZN) SVP David Zapolsky sold 19,212 shares of the company’s stock in a transaction dated Monday, February 24th. The shares were sold at an average price of $217.50, for a total transaction of $4,178,610.00. Following the sale, the senior vice president now owns 49,950 shares in the company, valued at $10,864,125. This represents a 27.78 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink.

David Zapolsky also recently made the following trade(s):

• On Friday, February 21st, David Zapolsky sold 5,848 shares of Amazon.com stock. The stock was sold at an average price of $220.72, for a total value of $1,290,770.56.

Amazon.com Stock Up 0.0 %

NASDAQ:AMZN opened at $212.80 on Wednesday. The company has a current ratio of 1.06, a quick ratio of 0.87 and a debt-to-equity ratio of 0.18. Amazon.com, Inc. has a twelve month low of $151.61 and a twelve month high of $242.52. The company has a market cap of $2.26 trillion, a PE ratio of 38.48, a P/E/G ratio of 1.50 and a beta of 1.15. The company’s 50 day moving average is $227.11 and its two-hundred day moving average is $205.20.

Amazon.com (NASDAQ:AMZN) last announced its quarterly earnings data on Thursday, February 6th. The e-commerce giant reported $1.86 earnings per share for the quarter, beating 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%. Analysts anticipate that Amazon.com, Inc. will post 6.31 EPS for the current year.

Analyst Ratings Changes

Several equities analysts recently commented on AMZN shares. Bank of America upped their price target on shares of Amazon.com from $210.00 to $230.00 and gave the company a “buy” rating in a report on Friday, November 1st. Susquehanna increased their price target on Amazon.com from $220.00 to $230.00 and gave the stock a “positive” rating in a report on Friday, November 1st. Telsey Advisory Group restated an “outperform” rating and set a $275.00 price objective on shares of Amazon.com in a report on Friday, February 7th. Monness Crespi & Hardt increased their target price on Amazon.com from $225.00 to $245.00 and gave the stock a “buy” rating in a research note on Friday, November 1st. Finally, Jefferies Financial Group boosted their target price on shares of Amazon.com from $235.00 to $275.00 and gave the company a “buy” rating in a research note on Monday, December 16th. Two analysts have rated the stock with a hold rating, forty-two have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, Amazon.com presently has a consensus rating of “Moderate Buy” and an average price target of $260.65.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of AMZN. Fiera Capital Corp increased its stake in shares of Amazon.com by 12.5% in the second quarter. Fiera Capital Corp now owns 401,113 shares of the e-commerce giant’s stock worth $77,515,000 after acquiring an additional 44,615 shares during the period. Point72 Asia Singapore Pte. Ltd. acquired a new stake in Amazon.com during the 2nd quarter worth about $3,243,000. Buck Wealth Strategies LLC acquired a new stake in Amazon.com during the 2nd quarter worth about $9,858,000. Doheny Asset Management CA raised its stake in shares of Amazon.com by 11.1% during the 2nd quarter. Doheny Asset Management CA now owns 14,981 shares of the e-commerce giant’s stock valued at $2,895,000 after buying an additional 1,491 shares during the last quarter. Finally, Copperwynd Financial LLC boosted its stake in shares of Amazon.com by 7.1% in the second quarter. Copperwynd Financial LLC now owns 11,802 shares of the e-commerce giant’s stock worth $2,207,000 after buying an additional 783 shares during the last quarter. 72.20% of the stock is owned by institutional investors and hedge funds.

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.