Amazon.com, Inc. (NASDAQ:AMZN) SVP Sells $1,290,770.56 in Stock

Amazon.com, Inc. (NASDAQ:AMZN) SVP David Zapolsky sold 5,848 shares of the company’s stock in a transaction that occurred on Friday, February 21st. The shares were sold at an average price of $220.72, for a total transaction of $1,290,770.56. Following the completion of the transaction, the senior vice president now owns 69,162 shares in the company, valued at approximately $15,265,436.64. This represents a 7.80 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website.

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

• On Monday, February 24th, David Zapolsky sold 19,212 shares of Amazon.com stock. The shares were sold at an average price of $217.50, for a total transaction of $4,178,610.00.

Amazon.com Stock Performance

Shares of AMZN stock traded up $0.09 during mid-day trading on Tuesday, reaching $212.80. The stock had a trading volume of 58,833,337 shares, compared to its average volume of 36,243,547. The firm’s 50 day simple moving average is $227.48 and its 200 day simple moving average is $204.88. 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 one year low of $151.61 and a one year high of $242.52. The firm 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.

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

Wall Street Analyst Weigh In

Several brokerages recently issued reports on AMZN. Morgan Stanley increased their price objective on Amazon.com from $230.00 to $280.00 and gave the stock an “overweight” rating in a report on Monday, January 13th. Rosenblatt Securities raised their price target on Amazon.com from $236.00 to $287.00 and gave the stock a “buy” rating in a research note on Friday, February 7th. Roth Mkm raised their price target on Amazon.com from $220.00 to $250.00 and gave the stock a “buy” rating in a research note on Monday, December 9th. JPMorgan Chase & Co. raised their price target on Amazon.com from $250.00 to $280.00 and gave the stock an “overweight” rating in a research note on Wednesday, December 18th. Finally, Scotiabank raised their price target on Amazon.com from $246.00 to $306.00 and gave the stock a “sector outperform” rating in a research note on Friday, January 24th. Two analysts have rated the stock with a hold rating, forty-two have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, Amazon.com currently has an average rating of “Moderate Buy” and an average target price of $260.65.

Hedge Funds Weigh In On Amazon.com

Several institutional investors have recently bought and sold shares of the business. Castlekeep Investment Advisors LLC acquired a new stake in shares of Amazon.com in the 4th quarter valued at $25,000. Accordant Advisory Group Inc increased its stake in shares of Amazon.com by 400.0% in the 4th quarter. Accordant Advisory Group Inc now owns 125 shares of the e-commerce giant’s stock valued at $27,000 after buying an additional 100 shares during the period. Prudent Man Investment Management Inc. acquired a new stake in shares of Amazon.com in the 4th quarter valued at $27,000. Icon Wealth Advisors LLC increased its stake in shares of Amazon.com by 20.5% in the 3rd quarter. Icon Wealth Advisors LLC now owns 150,661 shares of the e-commerce giant’s stock valued at $28,000 after buying an additional 25,581 shares during the period. Finally, LSV Asset Management acquired a new stake in shares of Amazon.com in the 4th quarter valued at $35,000. Institutional investors own 72.20% of the company’s stock.

About Amazon.com

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.