David Zapolsky Sells 8,380 Shares of Amazon.com, Inc. (NASDAQ:AMZN) Stock

Amazon.com, Inc. (NASDAQ:AMZN) SVP David Zapolsky sold 8,380 shares of the business’s stock in a transaction that occurred on Monday, November 21st. The shares were sold at an average price of $94.00, for a total value of $787,720.00. Following the completion of the sale, the senior vice president now owns 76,980 shares of the company’s stock, valued at approximately $7,236,120. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.

Amazon.com Stock Performance

NASDAQ AMZN opened at $94.13 on Friday. The business’s 50-day moving average price is $108.44 and its 200 day moving average price is $116.60. Amazon.com, Inc. has a twelve month low of $85.87 and a twelve month high of $181.68. The company has a market capitalization of $960.28 billion, a PE ratio of 86.40, a price-to-earnings-growth ratio of 6.23 and a beta of 1.23. The company has a current ratio of 0.94, a quick ratio of 0.68 and a debt-to-equity ratio of 0.43.

Amazon.com (NASDAQ:AMZNGet Rating) last released its earnings results on Thursday, October 27th. The e-commerce giant reported $0.28 earnings per share for the quarter, topping the consensus estimate of $0.22 by $0.06. Amazon.com had a return on equity of 14.44% and a net margin of 2.25%. The firm had revenue of $127.10 billion for the quarter, compared to the consensus estimate of $127.47 billion. During the same period in the prior year, the business posted $0.31 earnings per share. The firm’s revenue for the quarter was up 14.7% compared to the same quarter last year. On average, research analysts predict that Amazon.com, Inc. will post 0.74 earnings per share for the current year.

Analyst Ratings Changes

AMZN has been the subject of several analyst reports. Tigress Financial cut their price target on Amazon.com from $232.00 to $192.00 and set a “buy” rating for the company in a research note on Wednesday, November 2nd. Canaccord Genuity Group upped their price target on Amazon.com from $185.00 to $200.00 in a research note on Friday, July 29th. Oppenheimer cut their price target on Amazon.com from $165.00 to $130.00 and set an “outperform” rating for the company in a research note on Friday, October 28th. JPMorgan Chase & Co. cut their price target on Amazon.com from $175.00 to $145.00 and set an “overweight” rating for the company in a research note on Friday, October 28th. Finally, Monness Crespi & Hardt cut their price target on Amazon.com from $172.00 to $136.00 and set a “buy” rating for the company in a research note on Friday, October 28th. Two equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and forty-one have given a buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $149.40.

Hedge Funds Weigh In On Amazon.com

Several large investors have recently added to or reduced their stakes in AMZN. State Street Corp raised its holdings in shares of Amazon.com by 1,869.1% in the 2nd quarter. State Street Corp now owns 326,727,487 shares of the e-commerce giant’s stock worth $34,701,726,000 after purchasing an additional 310,134,486 shares during the period. Price T Rowe Associates Inc. MD raised its holdings in shares of Amazon.com by 1,838.8% in the 2nd quarter. Price T Rowe Associates Inc. MD now owns 311,971,394 shares of the e-commerce giant’s stock worth $33,134,481,000 after purchasing an additional 295,880,050 shares during the period. FMR LLC raised its holdings in shares of Amazon.com by 1,792.4% in the 2nd quarter. FMR LLC now owns 286,047,356 shares of the e-commerce giant’s stock worth $30,381,089,000 after purchasing an additional 270,931,640 shares during the period. Northern Trust Corp raised its holdings in shares of Amazon.com by 1,867.0% in the 2nd quarter. Northern Trust Corp now owns 94,997,372 shares of the e-commerce giant’s stock worth $10,089,669,000 after purchasing an additional 90,167,792 shares during the period. Finally, Legal & General Group Plc raised its holdings in shares of Amazon.com by 1,944.4% in the 2nd quarter. Legal & General Group Plc now owns 59,977,393 shares of the e-commerce giant’s stock worth $6,370,223,000 after purchasing an additional 57,043,701 shares during the period. 57.15% of the stock is currently owned by hedge funds and other institutional investors.

About Amazon.com

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Amazon.com, Inc engages in the retail sale of consumer products and subscriptions in North America and internationally. The company operates through three segments: North America, International, and Amazon Web Services (AWS). It sells merchandise and content purchased for resale from third-party sellers through physical and online stores.

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Insider Buying and Selling by Quarter for Amazon.com (NASDAQ:AMZN)

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