Insider Selling: Amazon.com, Inc. (NASDAQ:AMZN) Director Sells 4,351 Shares of Stock

by · The Cerbat Gem

Amazon.com, Inc. (NASDAQ:AMZN) Director Jonathan Rubinstein sold 4,351 shares of the stock in a transaction that occurred on Monday, December 9th. The shares were sold at an average price of $229.85, for a total value of $1,000,077.35. Following the transaction, the director now owns 88,203 shares of the company’s stock, valued at $20,273,459.55. This represents a 4.70 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link.

Jonathan Rubinstein also recently made the following trade(s):

  • On Thursday, November 7th, Jonathan Rubinstein sold 4,766 shares of Amazon.com stock. The shares were sold at an average price of $209.85, for a total transaction of $1,000,145.10.
  • On Friday, November 1st, Jonathan Rubinstein sold 5,004 shares of Amazon.com stock. The stock was sold at an average price of $199.85, for a total transaction of $1,000,049.40.

Amazon.com Price Performance

AMZN stock traded up $5.22 during mid-day trading on Wednesday, reaching $230.26. 35,280,757 shares of the company’s stock were exchanged, compared to its average volume of 41,369,004. The company has a market cap of $2.42 trillion, a price-to-earnings ratio of 49.49, a price-to-earnings-growth ratio of 1.52 and a beta of 1.16. Amazon.com, Inc. has a 12-month low of $144.05 and a 12-month high of $231.20. The stock’s 50 day moving average is $198.98 and its 200 day moving average is $188.78. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.09 and a quick ratio of 0.87.

Amazon.com (NASDAQ:AMZN – Get Free Report) last issued its quarterly earnings results on Thursday, October 31st. The e-commerce giant reported $1.43 EPS for the quarter, topping the consensus estimate of $1.14 by $0.29. The company had revenue of $158.88 billion during the quarter, compared to analyst estimates of $157.28 billion. Amazon.com had a net margin of 8.04% and a return on equity of 22.41%. The firm’s revenue was up 11.0% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.85 EPS. On average, research analysts expect that Amazon.com, Inc. will post 5.29 EPS for the current year.

Institutional Trading of Amazon.com

A number of institutional investors have recently made changes to their positions in the company. PayPay Securities Corp grew its holdings in shares of Amazon.com by 64.6% during the second quarter. PayPay Securities Corp now owns 163 shares of the e-commerce giant’s stock worth $32,000 after buying an additional 64 shares in the last quarter. Hoese & Co LLP acquired a new position in Amazon.com during the third quarter worth about $37,000. Bull Oak Capital LLC purchased a new stake in Amazon.com during the 3rd quarter valued at about $45,000. Christopher J. Hasenberg Inc boosted its holdings in shares of Amazon.com by 650.0% during the 2nd quarter. Christopher J. Hasenberg Inc now owns 300 shares of the e-commerce giant’s stock worth $58,000 after purchasing an additional 260 shares during the last quarter. Finally, Values First Advisors Inc. purchased a new stake in shares of Amazon.com in the third quarter valued at approximately $56,000. 72.20% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several brokerages have weighed in on AMZN. Scotiabank boosted their price objective on Amazon.com from $245.00 to $246.00 and gave the stock a “sector outperform” rating in a research note on Friday, November 1st. Evercore ISI lifted their target price on Amazon.com from $240.00 to $260.00 and gave the stock an “outperform” rating in a report on Friday, November 1st. Sanford C. Bernstein increased their price target on Amazon.com from $225.00 to $235.00 and gave the company an “outperform” rating in a report on Friday, November 1st. Bank of America boosted their price objective on shares of Amazon.com from $210.00 to $230.00 and gave the company a “buy” rating in a research report on Friday, November 1st. Finally, Moffett Nathanson raised their target price on shares of Amazon.com from $235.00 to $248.00 and gave the stock a “buy” rating in a report on Tuesday, November 26th. Two analysts have rated the stock with a hold rating, forty-one have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $237.42.

Check Out Our Latest Stock Analysis on Amazon.com

About Amazon.com

(Get Free Report)

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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