Amazon.com, Inc. (NASDAQ:AMZN) SVP David Zapolsky sold 13,570 shares of the business’s stock in a transaction that occurred on Friday, August 22nd. The shares were sold at an average price of $222.76, for a total transaction of $3,022,853.20. Following the completion of the transaction, the senior vice president owned 44,110 shares of the company’s stock, valued at $9,825,943.60. The trade was a 23.53% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website.
David Zapolsky also recently made the following trade(s):
- On Thursday, August 21st, David Zapolsky sold 7,100 shares of Amazon.com stock. The stock was sold at an average price of $221.54, for a total transaction of $1,572,934.00.
Amazon.com Stock Up 0.3%
Shares of AMZN opened at $228.71 on Wednesday. The firm has a 50 day simple moving average of $223.15 and a two-hundred day simple moving average of $207.99. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.02 and a quick ratio of 0.81. Amazon.com, Inc. has a one year low of $161.38 and a one year high of $242.52. The company has a market cap of $2.44 trillion, a P/E ratio of 34.86, a P/E/G ratio of 1.53 and a beta of 1.31.
Wall Street Analyst Weigh In
A number of research analysts have issued reports on the company. Morgan Stanley reiterated an “overweight” rating and issued a $300.00 target price on shares of Amazon.com in a research report on Thursday, August 14th. Scotiabank lifted their price target on shares of Amazon.com from $250.00 to $275.00 and gave the company a “sector outperform” rating in a report on Tuesday, July 22nd. Barclays upped their price objective on shares of Amazon.com from $240.00 to $275.00 and gave the stock an “overweight” rating in a research report on Friday, August 1st. Jefferies Financial Group raised their target price on shares of Amazon.com from $255.00 to $265.00 in a research report on Wednesday, July 16th. Finally, Wells Fargo & Company boosted their target price on shares of Amazon.com from $238.00 to $245.00 and gave the stock an “equal weight” rating in a research note on Tuesday, July 29th. Two research analysts have rated the stock with a Strong Buy rating, forty-six have issued a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat, Amazon.com presently has a consensus rating of “Buy” and an average price target of $262.87.
Read Our Latest Stock Report on AMZN
Institutional Trading of Amazon.com
A number of institutional investors and hedge funds have recently bought and sold shares of AMZN. Brighton Jones LLC boosted its stake in shares of Amazon.com by 10.9% in the 4th quarter. Brighton Jones LLC now owns 4,036,091 shares of the e-commerce giant’s stock valued at $885,478,000 after purchasing an additional 397,007 shares during the last quarter. Revolve Wealth Partners LLC boosted its stake in Amazon.com by 4.1% during the fourth quarter. Revolve Wealth Partners LLC now owns 25,045 shares of the e-commerce giant’s stock worth $5,495,000 after acquiring an additional 986 shares in the last quarter. Bank Pictet & Cie Europe AG grew its holdings in Amazon.com by 2.8% in the fourth quarter. Bank Pictet & Cie Europe AG now owns 2,016,869 shares of the e-commerce giant’s stock worth $442,481,000 after purchasing an additional 54,987 shares during the period. Highview Capital Management LLC DE increased its stake in Amazon.com by 5.5% in the fourth quarter. Highview Capital Management LLC DE now owns 28,975 shares of the e-commerce giant’s stock valued at $6,357,000 after purchasing an additional 1,518 shares in the last quarter. Finally, Liberty Square Wealth Partners LLC acquired a new position in shares of Amazon.com during the fourth quarter valued at about $2,153,000. 72.20% of the stock is currently owned by institutional investors and hedge funds.
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.
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