Amazon.com (NASDAQ:AMZN) SVP David Zapolsky Sells 10,649 Shares

Amazon.com, Inc. (NASDAQ:AMZN) SVP David Zapolsky sold 10,649 shares of the firm’s stock in a transaction dated Tuesday, February 24th. The shares were sold at an average price of $205.43, for a total value of $2,187,624.07. Following the completion of the transaction, the senior vice president owned 41,190 shares of the company’s stock, valued at $8,461,661.70. The trade was a 20.54% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

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

  • On Monday, February 23rd, David Zapolsky sold 7,100 shares of Amazon.com stock. The shares were sold at an average price of $205.35, for a total value of $1,457,985.00.

Amazon.com Stock Up 1.6%

AMZN traded up $3.29 on Tuesday, hitting $208.56. 41,046,132 shares of the company were exchanged, compared to its average volume of 54,408,398. The stock’s fifty day moving average is $227.87 and its 200-day moving average is $228.15. Amazon.com, Inc. has a 12 month low of $161.38 and a 12 month 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 company has a market cap of $2.24 trillion, a PE ratio of 29.09, a PEG ratio of 1.34 and a beta of 1.37.

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

More Amazon.com News

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

Analyst Ratings Changes

A number of brokerages have commented on AMZN. Scotiabank reiterated an “outperform” rating and issued a $275.00 price target (down from $300.00) on shares of Amazon.com in a research note on Friday, February 6th. Roth Mkm reaffirmed a “buy” rating and issued a $295.00 target price (up from $270.00) on shares of Amazon.com in a report on Monday, January 26th. Barclays reiterated a “buy” rating on shares of Amazon.com in a research note on Friday, February 6th. Pivotal Research boosted their price target on Amazon.com from $285.00 to $300.00 and gave the stock a “buy” rating in a research report on Friday, October 31st. Finally, The Goldman Sachs Group upped their price objective on Amazon.com from $290.00 to $300.00 and gave the company a “buy” rating in a research note on Wednesday, January 14th. One equities research analyst has rated the stock with a Strong Buy rating, fifty-three have given a Buy rating and four have assigned a Hold rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $287.29.

View Our Latest Stock Analysis on Amazon.com

Institutional Investors Weigh In On Amazon.com

Institutional investors have recently made changes to their positions in the company. TRU Independence Asset Management 2 LLC grew its position in shares of Amazon.com by 47.8% in the fourth quarter. TRU Independence Asset Management 2 LLC now owns 22,480 shares of the e-commerce giant’s stock valued at $5,189,000 after purchasing an additional 7,274 shares during the last quarter. DGS Capital Management LLC lifted its holdings in Amazon.com by 2.6% during the 4th quarter. DGS Capital Management LLC now owns 34,127 shares of the e-commerce giant’s stock worth $7,877,000 after purchasing an additional 873 shares during the last quarter. Ketron Financial bought a new stake in Amazon.com in the 4th quarter valued at $11,665,000. Coastline Complete Wealth LLC acquired a new position in Amazon.com in the 4th quarter valued at $2,493,000. Finally, Barnes Wealth Management Group Inc grew its holdings in Amazon.com by 4.4% in the 4th quarter. Barnes Wealth Management Group Inc now owns 4,624 shares of the e-commerce giant’s stock valued at $1,067,000 after buying an additional 197 shares in the last quarter. Institutional investors own 72.20% of the company’s stock.

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.

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

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