Amazon.com, Inc. (NASDAQ:AMZN) SVP Sells $4,178,610.00 in Stock

Amazon.com, Inc. (NASDAQ:AMZN) SVP David Zapolsky sold 19,212 shares of Amazon.com stock in a transaction dated Monday, February 24th. The stock was sold at an average price of $217.50, for a total transaction of $4,178,610.00. Following the completion of the sale, the senior vice president now directly owns 49,950 shares in the company, valued at approximately $10,864,125. This represents a 27.78 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website.

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

• On Friday, February 21st, David Zapolsky sold 5,848 shares of Amazon.com stock. The shares were sold at an average price of $220.72, for a total transaction of $1,290,770.56.

Amazon.com Stock Performance

Shares of AMZN traded up $0.09 on Tuesday, reaching $212.80. The company’s stock had a trading volume of 58,833,337 shares, compared to its average volume of 36,243,547. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.06 and a quick ratio of 0.87. The stock has a market capitalization of $2.26 trillion, a P/E ratio of 38.48, a PEG ratio of 1.50 and a beta of 1.15. The stock’s 50 day simple moving average is $227.48 and its two-hundred day simple moving average is $204.88. Amazon.com, Inc. has a 12-month low of $151.61 and a 12-month high of $242.52.

Amazon.com (NASDAQ:AMZN) last posted its quarterly earnings data on Thursday, February 6th. The e-commerce giant reported $1.86 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.52 by $0.34. Amazon.com had a net margin of 9.29% and a return on equity of 24.25%. Research analysts forecast that Amazon.com, Inc. will post 6.31 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Amazon.com

Large investors have recently added to or reduced their stakes in the company. Prudent Man Investment Management Inc. purchased a new position in Amazon.com during the fourth quarter valued at approximately $27,000. Accordant Advisory Group Inc lifted its holdings in shares of Amazon.com by 400.0% in the fourth quarter. Accordant Advisory Group Inc now owns 125 shares of the e-commerce giant’s stock worth $27,000 after buying an additional 100 shares in the last quarter. LSV Asset Management purchased a new position in shares of Amazon.com in the fourth quarter worth $35,000. Perritt Capital Management Inc lifted its holdings in shares of Amazon.com by 72.7% in the fourth quarter. Perritt Capital Management Inc now owns 190 shares of the e-commerce giant’s stock worth $42,000 after buying an additional 80 shares in the last quarter. Finally, Hoese & Co LLP purchased a new position in shares of Amazon.com in the third quarter worth $37,000. Hedge funds and other institutional investors own 72.20% of the company’s stock.

Wall Street Analysts Forecast Growth

AMZN has been the topic of several research reports. Rosenblatt Securities boosted their price target on shares of Amazon.com from $236.00 to $287.00 and gave the company a “buy” rating in a research report on Friday, February 7th. Wolfe Research upped their price target on shares of Amazon.com from $250.00 to $270.00 and gave the company an “outperform” rating in a report on Friday, January 3rd. Susquehanna upped their price target on shares of Amazon.com from $220.00 to $230.00 and gave the company a “positive” rating in a report on Friday, November 1st. BMO Capital Markets reiterated an “outperform” rating and set a $236.00 price target on shares of Amazon.com in a report on Tuesday, December 3rd. Finally, DA Davidson upped their price target on shares of Amazon.com from $235.00 to $280.00 and gave the company a “buy” rating in a report on Friday, February 7th. Two research analysts have rated the stock with a hold rating, forty-two have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $260.65.

About Amazon.com

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.