Insider Selling: Amazon.com (NASDAQ:AMZN) SVP Sells 7,100 Shares of Stock

Amazon.com, Inc. (NASDAQ:AMZN) SVP David Zapolsky sold 7,100 shares of the firm’s stock in a transaction that occurred on Monday, February 23rd. The shares were sold at an average price of $205.35, for a total value of $1,457,985.00. Following the completion of the transaction, the senior vice president owned 51,839 shares in the company, valued at $10,645,138.65. This represents a 12.05% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.

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

  • On Tuesday, February 24th, David Zapolsky sold 10,649 shares of Amazon.com stock. The shares were sold at an average price of $205.43, for a total value of $2,187,624.07.

Amazon.com Stock Up 1.6%

AMZN traded up $3.29 during mid-day trading on Tuesday, reaching $208.56. 41,046,132 shares of the stock were exchanged, compared to its average volume of 54,408,398. Amazon.com, Inc. has a 1 year low of $161.38 and a 1 year high of $258.60. The company has a debt-to-equity ratio of 0.16, a quick ratio of 0.88 and a current ratio of 1.05. The stock has a market capitalization of $2.24 trillion, a PE ratio of 29.09, a price-to-earnings-growth ratio of 1.34 and a beta of 1.37. The company has a 50 day moving average price of $227.87 and a two-hundred day moving average price of $228.15.

Amazon.com (NASDAQ:AMZNGet Free Report) last released its quarterly earnings results on Thursday, February 5th. The e-commerce giant reported $1.95 earnings per share for the quarter, missing analysts’ consensus estimates of $1.97 by ($0.02). Amazon.com had a net margin of 10.83% and a return on equity of 21.87%. The firm had revenue of $213.39 billion for the quarter, compared to the consensus estimate of $211.02 billion. During the same period in the previous year, the business earned $1.86 earnings per share. The firm’s revenue for the quarter was up 13.6% on a year-over-year basis. As a group, research analysts anticipate that Amazon.com, Inc. will post 6.31 EPS for the current year.

More Amazon.com News

Here are the key news stories impacting Amazon.com this week:

Institutional Investors Weigh In On Amazon.com

A number of hedge funds and other institutional investors have recently bought and sold shares of AMZN. Brighton Jones LLC lifted its holdings in shares of Amazon.com by 10.9% in the fourth quarter. Brighton Jones LLC now owns 4,036,091 shares of the e-commerce giant’s stock worth $885,478,000 after buying an additional 397,007 shares in the last quarter. Revolve Wealth Partners LLC grew its stake in Amazon.com by 4.1% during the fourth quarter. Revolve Wealth Partners LLC now owns 25,045 shares of the e-commerce giant’s stock valued at $5,495,000 after acquiring an additional 986 shares in the last quarter. Bank Pictet & Cie Europe AG increased its holdings in Amazon.com by 2.8% during the 4th quarter. Bank Pictet & Cie Europe AG now owns 2,016,869 shares of the e-commerce giant’s stock worth $442,481,000 after acquiring an additional 54,987 shares during the period. Highview Capital Management LLC DE increased its holdings in Amazon.com by 5.5% during the 4th quarter. Highview Capital Management LLC DE now owns 28,975 shares of the e-commerce giant’s stock worth $6,357,000 after acquiring an additional 1,518 shares during the period. Finally, Liberty Square Wealth Partners LLC purchased a new stake in Amazon.com in the 4th quarter worth approximately $2,153,000. Institutional investors own 72.20% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts recently commented on AMZN shares. Evercore set a $285.00 price target on Amazon.com in a research report on Friday, February 6th. Wolfe Research restated an “outperform” rating and issued a $275.00 price objective on shares of Amazon.com in a research note on Monday, January 5th. BMO Capital Markets reiterated an “outperform” rating and set a $310.00 target price (up from $304.00) on shares of Amazon.com in a research note on Tuesday, February 3rd. Scotiabank reissued an “outperform” rating and issued a $275.00 price target (down from $300.00) on shares of Amazon.com in a report on Friday, February 6th. Finally, KeyCorp set a $285.00 price target on shares of Amazon.com in a research report on Friday, February 6th. One equities research analyst has rated the stock with a Strong Buy rating, fifty-three have issued a Buy rating and four have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $287.29.

View Our Latest Research Report on Amazon.com

About Amazon.com

(Get Free Report)

Amazon.com, Inc is a diversified technology and retail company best known for its e-commerce marketplace and broad portfolio of consumer and enterprise services. Founded by Jeff Bezos in 1994 and headquartered in Seattle, Washington, the company launched as an online bookseller and expanded into a global retail platform that sells products directly to consumers and provides a marketplace for third-party sellers. Over time Amazon has grown beyond retail into areas including cloud computing, digital media, devices and logistics.

Key businesses and offerings include Amazon’s online marketplace and fulfillment services, the Amazon Prime membership program (which bundles expedited shipping with streaming and other benefits), Amazon Web Services (AWS) which supplies on-demand cloud computing and storage to businesses and public-sector customers, and a range of content and advertising services such as Prime Video and Amazon Advertising.

Recommended Stories

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

Receive News & Ratings for Amazon.com Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Amazon.com and related companies with MarketBeat.com's FREE daily email newsletter.