Amazon.com, Inc. (NASDAQ:AMZN) SVP David Zapolsky Sells 4,710 Shares

Amazon.com, Inc. (NASDAQ:AMZN) SVP David Zapolsky sold 4,710 shares of the firm’s stock in a transaction that occurred on Thursday, June 27th. The stock was sold at an average price of $195.00, for a total transaction of $918,450.00. Following the completion of the transaction, the senior vice president now directly owns 59,500 shares in the company, valued at approximately $11,602,500. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

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

• On Tuesday, May 21st, David Zapolsky sold 9,490 shares of Amazon.com stock. The shares were sold at an average price of $181.41, for a total value of $1,721,580.90.

Amazon.com Stock Down 1.2 %

NASDAQ:AMZN opened at $197.59 on Thursday. The company has a current ratio of 1.07, a quick ratio of 0.87 and a debt-to-equity ratio of 0.27. Amazon.com, Inc. has a twelve month low of $118.35 and a twelve month high of $200.43. The company has a market cap of $2.06 trillion, a PE ratio of 55.35, a P/E/G ratio of 1.38 and a beta of 1.15. The company’s 50 day moving average is $184.68 and its two-hundred day moving average is $173.98.

Amazon.com (NASDAQ:AMZN) last announced its quarterly earnings data on Tuesday, April 30th. The e-commerce giant reported $0.98 earnings per share for the quarter, beating analysts’ consensus estimates of $0.83 by $0.15. The firm had revenue of $143.31 billion for the quarter, compared to analyst estimates of $142.65 billion. Amazon.com had a net margin of 6.38% and a return on equity of 19.86%. The business’s quarterly revenue was up 12.5% compared to the same quarter last year. During the same period in the previous year, the company earned $0.31 earnings per share. Analysts anticipate that Amazon.com, Inc. will post 4.72 EPS for the current year.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of the company. Cooksen Wealth LLC purchased a new position in Amazon.com during the 4th quarter worth approximately $30,000. E Fund Management Hong Kong Co. Ltd. increased its stake in shares of Amazon.com by 45.0% in the fourth quarter. E Fund Management Hong Kong Co. Ltd. now owns 277 shares of the e-commerce giant’s stock worth $42,000 after acquiring an additional 86 shares during the period. Strid Group LLC purchased a new position in shares of Amazon.com during the fourth quarter worth $43,000. Clarity Asset Management Inc. acquired a new position in Amazon.com during the fourth quarter valued at $46,000. Finally, Steph & Co. acquired a new position in Amazon.com during the first quarter valued at $65,000. 72.20% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on the stock. The Goldman Sachs Group increased their target price on shares of Amazon.com from $220.00 to $225.00 and gave the stock a “buy” rating in a report on Wednesday, May 1st. JPMorgan Chase & Co. increased their price objective on shares of Amazon.com from $225.00 to $240.00 and gave the company an “overweight” rating in a report on Wednesday, May 1st. Rosenblatt Securities reiterated a “buy” rating and issued a $220.00 price target on shares of Amazon.com in a research note on Wednesday, May 1st. Robert W. Baird raised their price target on Amazon.com from $210.00 to $213.00 and gave the company an “outperform” rating in a report on Friday, June 21st. Finally, Oppenheimer upped their price objective on Amazon.com from $210.00 to $220.00 and gave the stock an “outperform” rating in a report on Wednesday, May 1st. One equities research analyst has rated the stock with a hold rating, forty-three have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Buy” and a consensus target price of $215.86.

Amazon.com Company Profile

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.