Insider Selling: Amazon.com (NASDAQ:AMZN) SVP Sells 6,180 Shares of Stock

by · The Cerbat Gem

Amazon.com, Inc. (NASDAQ:AMZN) SVP David Zapolsky sold 6,180 shares of the firm’s stock in a transaction that occurred on Thursday, May 21st. The stock was sold at an average price of $263.43, for a total transaction of $1,627,997.40. Following the transaction, the senior vice president directly owned 50,460 shares of the company’s stock, valued at approximately $13,292,677.80. This trade represents a 10.91% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

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

  • On Friday, May 22nd, David Zapolsky sold 9,270 shares of Amazon.com stock. The stock was sold at an average price of $268.53, for a total value of $2,489,273.10.

Amazon.com Price Performance

NASDAQ:AMZN traded down $1.03 during trading hours on Tuesday, reaching $265.29. 37,952,955 shares of the company traded hands, compared to its average volume of 48,463,938. The firm’s 50-day moving average is $240.63 and its 200-day moving average is $231.82. The stock has a market cap of $2.85 trillion, a P/E ratio of 31.73, a P/E/G ratio of 1.99 and a beta of 1.46. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.18 and a quick ratio of 1.01. Amazon.com, Inc. has a 1-year low of $196.00 and a 1-year high of $278.56.

Amazon.com (NASDAQ:AMZNGet Free Report) last released its quarterly earnings results on Wednesday, April 29th. The e-commerce giant reported $2.78 earnings per share for the quarter, topping analysts’ consensus estimates of $1.63 by $1.15. The company had revenue of $181.52 billion during the quarter, compared to analysts’ expectations of $177.28 billion. Amazon.com had a return on equity of 19.92% and a net margin of 12.22%.The business’s revenue for the quarter was up 16.6% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.59 earnings per share. Equities research analysts expect that Amazon.com, Inc. will post 7.71 earnings per share for the current fiscal year.

Amazon.com News Roundup

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

Hedge Funds Weigh In On Amazon.com

Several institutional investors and hedge funds have recently bought and sold shares of AMZN. Fairway Wealth LLC boosted its holdings in Amazon.com by 113.2% in the third quarter. Fairway Wealth LLC now owns 113 shares of the e-commerce giant’s stock valued at $25,000 after acquiring an additional 60 shares during the last quarter. Sellwood Investment Partners LLC acquired a new stake in Amazon.com during the third quarter worth about $27,000. MilWealth Group LLC raised its holdings in shares of Amazon.com by 79.0% in the 4th quarter. MilWealth Group LLC now owns 179 shares of the e-commerce giant’s stock worth $41,000 after purchasing an additional 79 shares during the period. Lifetime Wealth Management P.C. purchased a new position in shares of Amazon.com in the 4th quarter worth about $45,000. Finally, Elkhorn Partners Limited Partnership lifted its stake in shares of Amazon.com by 900.0% in the 4th quarter. Elkhorn Partners Limited Partnership now owns 200 shares of the e-commerce giant’s stock valued at $46,000 after purchasing an additional 180 shares in the last quarter. Institutional investors and hedge funds own 72.20% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on AMZN shares. Tigress Financial raised their price target on shares of Amazon.com from $305.00 to $315.00 and gave the stock a “buy” rating in a research note on Wednesday, March 25th. JPMorgan Chase & Co. upped their price objective on shares of Amazon.com from $280.00 to $330.00 and gave the company an “overweight” rating in a research note on Thursday, April 30th. Weiss Ratings upgraded shares of Amazon.com from a “buy (b-)” rating to a “buy (b)” rating in a research report on Wednesday, May 6th. Deutsche Bank Aktiengesellschaft lifted their target price on shares of Amazon.com from $290.00 to $315.00 and gave the stock a “buy” rating in a research note on Thursday, April 30th. Finally, Maxim Group boosted their price target on Amazon.com from $290.00 to $315.00 and gave the company a “buy” rating in a report on Thursday, April 30th. Fifty-seven equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $312.66.

Check Out Our Latest 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.

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