Amazon.com, Inc. (NASDAQ:AMZN) SVP David Zapolsky sold 7,100 shares of the company’s stock in a transaction dated Thursday, August 21st. The stock was sold at an average price of $221.54, for a total value of $1,572,934.00. Following the completion of the sale, the senior vice president directly owned 57,680 shares of the company’s stock, valued at $12,778,427.20. The trade was a 10.96% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.
David Zapolsky also recently made the following trade(s):
- On Friday, August 22nd, David Zapolsky sold 13,570 shares of Amazon.com stock. The shares were sold at an average price of $222.76, for a total value of $3,022,853.20.
Amazon.com Stock Performance
Amazon.com stock opened at $229.12 on Thursday. The firm has a market capitalization of $2.44 trillion, a PE ratio of 34.93, a price-to-earnings-growth ratio of 1.53 and a beta of 1.31. Amazon.com, Inc. has a one year low of $161.38 and a one year high of $242.52. The stock’s 50 day moving average price is $223.48 and its 200 day moving average price is $208.13. The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.81 and a current ratio of 1.02.
Analyst Upgrades and Downgrades
Several equities research analysts recently issued reports on the stock. Scotiabank lifted their price target on shares of Amazon.com from $250.00 to $275.00 and gave the stock a “sector outperform” rating in a research note on Tuesday, July 22nd. Royal Bank Of Canada lifted their target price on Amazon.com from $230.00 to $240.00 and gave the stock an “outperform” rating in a research report on Friday, August 1st. Moffett Nathanson increased their price target on Amazon.com from $250.00 to $253.00 and gave the company a “buy” rating in a report on Tuesday, June 24th. Canaccord Genuity Group restated a “buy” rating and set a $280.00 price objective on shares of Amazon.com in a report on Friday, August 1st. Finally, Wedbush upped their target price on Amazon.com from $235.00 to $250.00 and gave the company an “outperform” rating in a research report on Wednesday, July 30th. Two research analysts have rated the stock with a Strong Buy rating, forty-six have given a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat, Amazon.com currently has a consensus rating of “Buy” and an average price target of $262.87.
View Our Latest Stock Report on AMZN
Institutional Investors Weigh In On Amazon.com
Several institutional investors and hedge funds have recently made changes to their positions in the company. Western Wealth Management LLC lifted its holdings in shares of Amazon.com by 0.9% in the 1st quarter. Western Wealth Management LLC now owns 140,122 shares of the e-commerce giant’s stock worth $26,660,000 after purchasing an additional 1,297 shares during the last quarter. Barnes Dennig Private Wealth Management LLC acquired a new stake in Amazon.com in the first quarter worth $514,000. Bearing Point Capital LLC bought a new stake in Amazon.com in the fourth quarter valued at $12,014,000. Evergreen Capital Management LLC boosted its holdings in shares of Amazon.com by 0.5% during the fourth quarter. Evergreen Capital Management LLC now owns 242,550 shares of the e-commerce giant’s stock valued at $53,213,000 after acquiring an additional 1,198 shares during the period. Finally, Arrowstreet Capital Limited Partnership grew its position in shares of Amazon.com by 173.6% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 3,461,573 shares of the e-commerce giant’s stock worth $759,434,000 after acquiring an additional 2,196,353 shares during the last quarter. 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.
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