Amazon.com, Inc. (NASDAQ:AMZN) VP Shelley Reynolds Sells 3,500 Shares

Amazon.com, Inc. (NASDAQ:AMZN) VP Shelley Reynolds sold 3,500 shares of the business’s stock in a transaction that occurred on Monday, November 21st. The shares were sold at an average price of $94.00, for a total value of $329,000.00. Following the completion of the sale, the vice president now owns 119,780 shares of the company’s stock, valued at $11,259,320. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

Amazon.com Stock Performance

NASDAQ:AMZN traded up $0.93 during mid-day trading on Thursday, reaching $94.13. The stock had a trading volume of 59,414,684 shares, compared to its average volume of 110,915,312. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.68 and a current ratio of 0.94. The business has a 50 day simple moving average of $109.13 and a 200 day simple moving average of $116.76. Amazon.com, Inc. has a twelve month low of $85.87 and a twelve month high of $181.68. The firm has a market capitalization of $960.28 billion, a price-to-earnings ratio of 86.40, a PEG ratio of 6.23 and a beta of 1.23.

Amazon.com (NASDAQ:AMZNGet Rating) last posted its quarterly earnings results on Thursday, October 27th. The e-commerce giant reported $0.28 earnings per share for the quarter, beating analysts’ consensus estimates of $0.22 by $0.06. The firm had revenue of $127.10 billion for the quarter, compared to the consensus estimate of $127.47 billion. Amazon.com had a return on equity of 14.44% and a net margin of 2.25%. The company’s revenue for the quarter was up 14.7% compared to the same quarter last year. During the same period in the previous year, the business earned $0.31 earnings per share. On average, analysts expect that Amazon.com, Inc. will post 0.74 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

AMZN has been the subject of a number of research analyst reports. Piper Sandler reduced their price objective on shares of Amazon.com from $125.00 to $119.00 and set an “overweight” rating for the company in a research report on Tuesday. Morgan Stanley decreased their price target on shares of Amazon.com from $175.00 to $140.00 and set an “overweight” rating on the stock in a research note on Friday, October 28th. Wells Fargo & Company lowered their price objective on Amazon.com from $200.00 to $155.00 and set an “overweight” rating on the stock in a report on Friday, October 28th. Oppenheimer decreased their target price on Amazon.com from $165.00 to $130.00 and set an “outperform” rating on the stock in a research report on Friday, October 28th. Finally, Cowen dropped their price target on Amazon.com from $195.00 to $150.00 and set an “outperform” rating for the company in a research report on Friday, October 28th. Two equities research analysts have rated the stock with a sell rating, three have issued a hold rating and forty-one have given a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $149.40.

Institutional Trading of Amazon.com

A number of institutional investors have recently added to or reduced their stakes in the stock. Elkhorn Partners Limited Partnership grew its holdings in Amazon.com by 800.0% in the first quarter. Elkhorn Partners Limited Partnership now owns 18 shares of the e-commerce giant’s stock valued at $59,000 after purchasing an additional 16 shares during the last quarter. Dravo Bay LLC acquired a new position in shares of Amazon.com during the 1st quarter valued at $72,000. Cordant Inc. acquired a new stake in Amazon.com in the 1st quarter valued at $150,000. Moisand Fitzgerald Tamayo LLC raised its position in Amazon.com by 36.1% in the first quarter. Moisand Fitzgerald Tamayo LLC now owns 49 shares of the e-commerce giant’s stock valued at $160,000 after purchasing an additional 13 shares during the period. Finally, Evolution Advisers Inc. boosted its position in shares of Amazon.com by 900.0% in the first quarter. Evolution Advisers Inc. now owns 50 shares of the e-commerce giant’s stock worth $162,000 after buying an additional 45 shares during the period. Hedge funds and other institutional investors own 57.15% of the company’s stock.

Amazon.com Company Profile

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Amazon.com, Inc engages in the retail sale of consumer products and subscriptions in North America and internationally. The company operates through three segments: North America, International, and Amazon Web Services (AWS). It sells merchandise and content purchased for resale from third-party sellers through physical and online stores.

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