David Zapolsky Sells 5,848 Shares of Amazon.com, Inc. (NASDAQ:AMZN) Stock

Amazon.com, Inc. (NASDAQ:AMZN) SVP David Zapolsky sold 5,848 shares of the business’s stock in a transaction that occurred on Friday, February 21st. The shares were sold at an average price of $220.72, for a total value of $1,290,770.56. Following the transaction, the senior vice president now owns 69,162 shares of the company’s stock, valued at $15,265,436.64. This represents a 7.80 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

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

• On Monday, February 24th, David Zapolsky sold 19,212 shares of Amazon.com stock. The stock was sold at an average price of $217.50, for a total transaction of $4,178,610.00.

Amazon.com Stock Up 0.7 %

Amazon.com stock opened at $214.35 on Thursday. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.06 and a quick ratio of 0.87. Amazon.com, Inc. has a fifty-two week low of $151.61 and a fifty-two week high of $242.52. The firm has a fifty day moving average price of $226.99 and a two-hundred day moving average price of $205.27. The firm has a market cap of $2.27 trillion, a price-to-earnings ratio of 38.76, a P/E/G ratio of 1.50 and a beta of 1.15.

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

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the business. Fiera Capital Corp increased its holdings in shares of Amazon.com by 12.5% during the 2nd quarter. Fiera Capital Corp now owns 401,113 shares of the e-commerce giant’s stock worth $77,515,000 after purchasing an additional 44,615 shares during the period. Point72 Asia Singapore Pte. Ltd. acquired a new stake in Amazon.com during the second quarter worth about $3,243,000. Buck Wealth Strategies LLC bought a new position in Amazon.com during the second quarter valued at about $9,858,000. Doheny Asset Management CA increased its stake in Amazon.com by 11.1% during the second quarter. Doheny Asset Management CA now owns 14,981 shares of the e-commerce giant’s stock valued at $2,895,000 after acquiring an additional 1,491 shares during the period. Finally, Copperwynd Financial LLC raised its holdings in Amazon.com by 7.1% in the 2nd quarter. Copperwynd Financial LLC now owns 11,802 shares of the e-commerce giant’s stock valued at $2,207,000 after acquiring an additional 783 shares in the last quarter. 72.20% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research analysts have issued reports on AMZN shares. Mizuho boosted their target price on shares of Amazon.com from $240.00 to $260.00 and gave the company an “outperform” rating in a research note on Tuesday, December 10th. HSBC boosted their price objective on Amazon.com from $225.00 to $270.00 and gave the stock a “buy” rating in a research report on Monday, January 13th. Rosenblatt Securities raised their target price on Amazon.com from $236.00 to $287.00 and gave the company a “buy” rating in a research report on Friday, February 7th. Stifel Nicolaus boosted their price target on Amazon.com from $245.00 to $275.00 and gave the stock a “buy” rating in a research report on Friday, February 7th. Finally, Barclays increased their price target on Amazon.com from $235.00 to $265.00 and gave the stock an “overweight” rating in a research note on Friday, February 7th. Two investment analysts have rated the stock with a hold rating, forty-two have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, Amazon.com has a consensus rating of “Moderate Buy” and an average price target 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.