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 business’s stock in a transaction on Monday, February 24th. The stock was sold at an average price of $217.50, for a total value of $4,178,610.00. Following the transaction, the senior vice president now directly owns 49,950 shares in the company, valued at $10,864,125. This trade represents a 27.78 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.

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

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

Amazon.com Stock Up 0.7 %

Shares of NASDAQ AMZN opened at $214.35 on Thursday. The stock has a market cap of $2.27 trillion, a PE ratio of 38.76, a price-to-earnings-growth ratio of 1.50 and a beta of 1.15. The company has a quick ratio of 0.87, a current ratio of 1.06 and a debt-to-equity ratio of 0.18. Amazon.com, Inc. has a 52-week low of $151.61 and a 52-week high of $242.52. The business has a 50-day moving average price of $226.99 and a 200 day moving average price of $205.27.

Amazon.com (NASDAQ:AMZN) last announced its earnings results on Thursday, February 6th. The e-commerce giant reported $1.86 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.52 by $0.34. Amazon.com had a return on equity of 24.25% and a net margin of 9.29%. Equities research analysts forecast that Amazon.com, Inc. will post 6.31 earnings per share for the current year.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on AMZN shares. Oppenheimer upped their price target on Amazon.com from $230.00 to $260.00 and gave the company an “outperform” rating in a research note on Friday, February 7th. UBS Group upped their price target on Amazon.com from $230.00 to $264.00 and gave the company a “buy” rating in a research note on Monday, December 16th. Wells Fargo & Company decreased their price target on Amazon.com from $207.00 to $203.00 and set an “equal weight” rating on the stock in a research note on Tuesday. Telsey Advisory Group reaffirmed an “outperform” rating and issued a $275.00 price target on shares of Amazon.com in a research note on Friday, February 7th. Finally, Monness Crespi & Hardt upped their price target on Amazon.com from $225.00 to $245.00 and gave the company a “buy” rating in a research note on Friday, November 1st. Two research analysts have rated the stock with a hold rating, forty-two have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $260.65.

Institutional Trading of Amazon.com

Hedge funds have recently added to or reduced their stakes in the stock. Castlekeep Investment Advisors LLC acquired a new stake in Amazon.com during the 4th quarter worth approximately $25,000. Accordant Advisory Group Inc lifted its position in Amazon.com by 400.0% during the 4th quarter. Accordant Advisory Group Inc now owns 125 shares of the e-commerce giant’s stock worth $27,000 after acquiring an additional 100 shares during the period. Prudent Man Investment Management Inc. acquired a new stake in Amazon.com during the 4th quarter worth approximately $27,000. Icon Wealth Advisors LLC lifted its position in Amazon.com by 20.5% during the 3rd quarter. Icon Wealth Advisors LLC now owns 150,661 shares of the e-commerce giant’s stock worth $28,000 after acquiring an additional 25,581 shares during the period. Finally, LSV Asset Management acquired a new stake in Amazon.com during the 4th quarter worth approximately $35,000. 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.