Insider Selling: Amazon.com, Inc. (AMZN) Insider Sells 505 Shares of Stock
Amazon.com, Inc. (NASDAQ:AMZN) insider David Zapolsky sold 505 shares of Amazon.com stock in a transaction on Tuesday, May 2nd. The stock was sold at an average price of $946.59, for a total transaction of $478,027.95. Following the sale, the insider now directly owns 2,018 shares of the company’s stock, valued at approximately $1,910,218.62. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website.
David Zapolsky also recently made the following trade(s):
- On Tuesday, February 21st, David Zapolsky sold 503 shares of Amazon.com stock. The shares were sold at an average price of $850.00, for a total transaction of $427,550.00.
Amazon.com, Inc. (NASDAQ:AMZN) traded up 0.87% on Friday, reaching $966.85. The company had a trading volume of 1,889,012 shares. The stock has a 50 day moving average of $920.63 and a 200 day moving average of $833.23. The firm has a market capitalization of $462.13 billion, a PE ratio of 182.08 and a beta of 1.40. Amazon.com, Inc. has a 12 month low of $682.11 and a 12 month high of $970.06.
Amazon.com (NASDAQ:AMZN) last announced its quarterly earnings data on Thursday, April 27th. The e-commerce giant reported $1.48 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.03 by $0.45. The firm had revenue of $35.71 billion for the quarter, compared to analysts’ expectations of $35.31 billion. Amazon.com had a return on equity of 13.87% and a net margin of 1.74%. Amazon.com’s revenue for the quarter was up 22.6% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.07 earnings per share. On average, analysts anticipate that Amazon.com, Inc. will post $6.66 EPS for the current year.
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AMZN has been the topic of several recent analyst reports. Vetr lowered shares of Amazon.com from a “buy” rating to a “hold” rating and set a $1,000.35 price objective on the stock. in a research note on Tuesday. Oppenheimer Holdings Inc. restated a “buy” rating and set a $1,100.00 price objective (up from $970.00) on shares of Amazon.com in a research note on Monday. Robert W. Baird upgraded shares of Amazon.com from an “outperform” rating to a “neutral” rating in a research note on Monday. Royal Bank of Canada restated a “buy” rating on shares of Amazon.com in a research note on Tuesday, May 2nd. Finally, MKM Partners reiterated a “buy” rating and issued a $1,095.00 price target (up previously from $995.00) on shares of Amazon.com in a research note on Monday, May 8th. Six research analysts have rated the stock with a hold rating and forty-four have issued a buy rating to the company. The company currently has a consensus rating of “Buy” and an average target price of $1,002.65.
Several institutional investors have recently bought and sold shares of AMZN. Davidson & Garrard Inc. raised its position in shares of Amazon.com by 17.6% in the third quarter. Davidson & Garrard Inc. now owns 4,201 shares of the e-commerce giant’s stock worth $3,518,000 after buying an additional 628 shares during the period. Bridgeworth LLC acquired a new position in shares of Amazon.com during the fourth quarter worth about $390,000. Cigna Investments Inc. New acquired a new position in shares of Amazon.com during the fourth quarter worth about $11,707,000. united american securities inc. d b a uas asset management raised its position in shares of Amazon.com by 32.7% in the third quarter. united american securities inc. d b a uas asset management now owns 15,196 shares of the e-commerce giant’s stock worth $12,724,000 after buying an additional 3,746 shares during the period. Finally, Weatherly Asset Management L. P. raised its position in shares of Amazon.com by 6.4% in the third quarter. Weatherly Asset Management L. P. now owns 13,376 shares of the e-commerce giant’s stock worth $11,200,000 after buying an additional 800 shares during the period. 65.08% of the stock is owned by institutional investors.
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 North America segment consists of retail sales of consumer products (including from sellers) and subscriptions through North America-focused Websites, such as www.amazon.com, www.amazon.ca and www.amazon.com.mx.
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