Insider Selling: Amazon.com, Inc. (AMZN) Insider Sells 2,334 Shares of Stock
Amazon.com, Inc. (NASDAQ:AMZN) insider David Zapolsky sold 2,334 shares of the business’s stock in a transaction that occurred on Wednesday, November 15th. The stock was sold at an average price of $1,125.39, for a total transaction of $2,626,660.26. The transaction was disclosed in a filing with the SEC, which is available through the SEC website.
Amazon.com, Inc. (NASDAQ AMZN) traded up $15.09 during trading hours on Thursday, reaching $1,176.36. 3,430,590 shares of the company were exchanged, compared to its average volume of 3,568,111. Amazon.com, Inc. has a 1-year low of $736.70 and a 1-year high of $1,213.41. The company has a market capitalization of $565,500.00, a price-to-earnings ratio of 302.94, a price-to-earnings-growth ratio of 14.95 and a beta of 1.45. The company has a current ratio of 1.03, a quick ratio of 0.74 and a debt-to-equity ratio of 1.00.
Amazon.com (NASDAQ:AMZN) last released its quarterly earnings results on Thursday, October 26th. The e-commerce giant reported $0.52 EPS for the quarter, missing analysts’ consensus estimates of $1.09 by ($0.57). Amazon.com had a return on equity of 8.67% and a net margin of 1.20%. The business had revenue of $43.74 billion for the quarter, compared to the consensus estimate of $42.26 billion. During the same period in the prior year, the business posted $0.52 earnings per share. Amazon.com’s revenue was up 33.7% compared to the same quarter last year. analysts anticipate that Amazon.com, Inc. will post 4.24 EPS for the current fiscal year.
Large investors have recently added to or reduced their stakes in the stock. Vanguard Group Inc. grew its stake in Amazon.com by 2.9% during the second quarter. Vanguard Group Inc. now owns 26,863,386 shares of the e-commerce giant’s stock worth $26,003,758,000 after buying an additional 764,115 shares in the last quarter. BlackRock Inc. raised its holdings in Amazon.com by 2.4% in the 2nd quarter. BlackRock Inc. now owns 23,925,821 shares of the e-commerce giant’s stock valued at $23,160,193,000 after buying an additional 554,990 shares during the last quarter. State Street Corp raised its holdings in Amazon.com by 1.1% in the 1st quarter. State Street Corp now owns 16,544,538 shares of the e-commerce giant’s stock valued at $14,667,392,000 after buying an additional 186,756 shares during the last quarter. Capital Research Global Investors raised its holdings in Amazon.com by 0.4% in the 2nd quarter. Capital Research Global Investors now owns 10,711,772 shares of the e-commerce giant’s stock valued at $10,368,995,000 after buying an additional 40,068 shares during the last quarter. Finally, TIAA CREF Investment Management LLC raised its holdings in Amazon.com by 1.7% during the 2nd quarter. TIAA CREF Investment Management LLC now owns 2,828,302 shares of the e-commerce giant’s stock worth $2,737,796,000 after purchasing an additional 46,800 shares during the last quarter. 59.70% of the stock is currently owned by institutional investors and hedge funds.
A number of equities research analysts recently weighed in on the stock. J P Morgan Chase & Co reissued a “buy” rating on shares of Amazon.com in a research note on Thursday. Vetr upgraded shares of Amazon.com from a “sell” rating to a “hold” rating and set a $1,155.74 price objective for the company in a report on Wednesday. DA Davidson boosted their price objective on shares of Amazon.com from $1,300.00 to $1,500.00 and gave the company a “buy” rating in a report on Wednesday. Goldman Sachs Group restated a “buy” rating and set a $1,450.00 price objective (up previously from $1,300.00) on shares of Amazon.com in a report on Tuesday. Finally, Nomura restated a “buy” rating and set a $1,360.00 price objective on shares of Amazon.com in a report on Monday, November 20th. Five investment analysts have rated the stock with a hold rating and forty-nine have assigned a buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average price target of $1,198.48.
ILLEGAL ACTIVITY WARNING: “Insider Selling: Amazon.com, Inc. (AMZN) Insider Sells 2,334 Shares of Stock” was posted by Watch List News and is the property of of Watch List News. If you are reading this article on another domain, it was illegally copied and republished in violation of U.S. & international copyright laws. The legal version of this article can be accessed at https://www.watchlistnews.com/amazon-com-inc-amzn-insider-sells-2626660-26-in-stock/1710377.html.
Amazon.com Company Profile
Amazon.com, Inc offers a range of products and services through its Websites. The Company operates through three segments: North America, International and Amazon Web Services (AWS). The Company’s products include merchandise and content that it purchases for resale from vendors and those offered by third-party sellers.
Receive News & Ratings for Amazon.com Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Amazon.com Inc. and related companies with Analyst Ratings Network's FREE daily email newsletter.