Amazon.com, Inc. (NASDAQ:AMZN) SVP Sells $1,721,580.90 in Stock

Amazon.com, Inc. (NASDAQ:AMZN) SVP David Zapolsky sold 9,490 shares of the firm’s stock in a transaction on Tuesday, May 21st. The shares were sold at an average price of $181.41, for a total value of $1,721,580.90. Following the transaction, the senior vice president now directly owns 64,210 shares in the company, valued at $11,648,336.10. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

Amazon.com Stock Performance

Shares of AMZN traded down $2.08 on Thursday, reaching $181.05. 33,631,896 shares of the stock traded hands, compared to its average volume of 43,328,574. The firm has a market cap of $1.88 trillion, a price-to-earnings ratio of 51.25, a P/E/G ratio of 1.32 and a beta of 1.15. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.07 and a quick ratio of 0.87. Amazon.com, Inc. has a 12 month low of $114.31 and a 12 month high of $191.70. The stock’s 50-day moving average price is $181.87 and its 200-day moving average price is $165.67.

Amazon.com (NASDAQ:AMZNGet Free Report) last released its quarterly earnings data on Tuesday, April 30th. The e-commerce giant reported $0.98 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.83 by $0.15. The business had revenue of $143.31 billion for the quarter, compared to analysts’ expectations of $142.65 billion. Amazon.com had a return on equity of 19.86% and a net margin of 6.38%. Amazon.com’s quarterly revenue was up 12.5% on a year-over-year basis. During the same period in the previous year, the business posted $0.31 earnings per share. Equities analysts forecast that Amazon.com, Inc. will post 4.67 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on AMZN. Oppenheimer raised their price target on Amazon.com from $210.00 to $220.00 and gave the company an “outperform” rating in a report on Wednesday, May 1st. Wolfe Research raised their target price on Amazon.com from $195.00 to $205.00 and gave the company an “outperform” rating in a research note on Friday, February 2nd. The Goldman Sachs Group raised their target price on Amazon.com from $220.00 to $225.00 and gave the company a “buy” rating in a research note on Wednesday, May 1st. Barclays raised their target price on Amazon.com from $220.00 to $230.00 and gave the company an “overweight” rating in a research note on Wednesday, May 1st. Finally, Needham & Company LLC reaffirmed a “buy” rating and set a $205.00 target price on shares of Amazon.com in a research note on Wednesday, May 15th. One equities research analyst has rated the stock with a hold rating, forty-four have given a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Amazon.com presently has an average rating of “Buy” and a consensus price target of $211.62.

Read Our Latest Report on AMZN

Institutional Trading of Amazon.com

A number of large investors have recently bought and sold shares of the stock. Garrison Point Advisors LLC grew its holdings in shares of Amazon.com by 0.3% during the first quarter. Garrison Point Advisors LLC now owns 20,375 shares of the e-commerce giant’s stock worth $3,675,000 after purchasing an additional 55 shares during the last quarter. Ridgecrest Wealth Partners LLC lifted its stake in Amazon.com by 0.7% in the first quarter. Ridgecrest Wealth Partners LLC now owns 7,755 shares of the e-commerce giant’s stock valued at $1,399,000 after buying an additional 56 shares during the period. Stordahl Capital Management Inc. raised its position in shares of Amazon.com by 2.1% during the first quarter. Stordahl Capital Management Inc. now owns 2,763 shares of the e-commerce giant’s stock worth $498,000 after purchasing an additional 56 shares during the period. Lutz Financial Services LLC raised its position in shares of Amazon.com by 1.9% during the first quarter. Lutz Financial Services LLC now owns 3,053 shares of the e-commerce giant’s stock worth $551,000 after purchasing an additional 57 shares during the period. Finally, O Dell Group LLC raised its position in shares of Amazon.com by 0.4% during the first quarter. O Dell Group LLC now owns 13,638 shares of the e-commerce giant’s stock worth $2,460,000 after purchasing an additional 57 shares during the period. 72.20% of the stock is currently owned by institutional investors.

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.

Further Reading

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

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