David Zapolsky Sells 2,190 Shares of Amazon.com, Inc. (NASDAQ:AMZN) Stock

Amazon.com, Inc. (NASDAQ:AMZN) SVP David Zapolsky sold 2,190 shares of the firm’s stock in a transaction on Tuesday, September 24th. The shares were sold at an average price of $195.00, for a total transaction of $427,050.00. Following the sale, the senior vice president now owns 62,420 shares in the company, valued at $12,171,900. The sale was disclosed in a document filed with the SEC, which is available through the SEC website.

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

• On Wednesday, August 21st, David Zapolsky sold 9,490 shares of Amazon.com stock. The shares were sold at an average price of $180.88, for a total value of $1,716,551.20.

Amazon.com Stock Down 0.7 %

NASDAQ AMZN traded down $1.37 on Thursday, hitting $191.16. The stock had a trading volume of 36,246,104 shares, compared to its average volume of 42,206,832. The business’s fifty day moving average price is $178.68 and its 200 day moving average price is $182.42. The stock has a market cap of $2.01 trillion, a price-to-earnings ratio of 53.32, a price-to-earnings-growth ratio of 1.46 and a beta of 1.14. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.10 and a quick ratio of 0.88. Amazon.com, Inc. has a 52-week low of $118.35 and a 52-week high of $201.20.

Amazon.com (NASDAQ:AMZN) last announced its earnings results on Thursday, August 1st. The e-commerce giant reported $1.23 earnings per share for the quarter, topping the consensus estimate of $1.05 by $0.18. Amazon.com had a return on equity of 21.39% and a net margin of 7.35%. The firm had revenue of $147.98 billion for the quarter, compared to the consensus estimate of $148.63 billion. Equities research analysts anticipate that Amazon.com, Inc. will post 4.86 earnings per share for the current year.

Hedge Funds Weigh In On Amazon.com

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Cooksen Wealth LLC purchased a new stake in shares of Amazon.com during the fourth quarter valued at $30,000. PayPay Securities Corp increased its holdings in shares of Amazon.com by 64.6% in the second quarter. PayPay Securities Corp now owns 163 shares of the e-commerce giant’s stock valued at $32,000 after purchasing an additional 64 shares during the period. Clarity Asset Management Inc. purchased a new position in shares of Amazon.com in the fourth quarter worth about $46,000. Christopher J. Hasenberg Inc boosted its position in Amazon.com by 650.0% in the second quarter. Christopher J. Hasenberg Inc now owns 300 shares of the e-commerce giant’s stock valued at $58,000 after buying an additional 260 shares during the last quarter. Finally, Steph & Co. acquired a new position in Amazon.com in the 1st quarter worth approximately $65,000. 72.20% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

AMZN has been the topic of several recent analyst reports. Wells Fargo & Company decreased their target price on Amazon.com from $232.00 to $225.00 and set an “overweight” rating on the stock in a research note on Monday, August 26th. Morgan Stanley lowered their target price on shares of Amazon.com from $240.00 to $210.00 and set an “overweight” rating on the stock in a report on Tuesday, August 6th. Rosenblatt Securities upped their target price on shares of Amazon.com from $220.00 to $221.00 and gave the stock a “buy” rating in a research report on Friday, August 2nd. BMO Capital Markets reiterated an “outperform” rating and issued a $230.00 price target on shares of Amazon.com in a report on Thursday, September 19th. Finally, Stifel Nicolaus dropped their price objective on shares of Amazon.com from $228.00 to $224.00 and set a “buy” rating for the company in a report on Friday, August 2nd. One research analyst has rated the stock with a hold rating, forty-one have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Buy” and an average price target of $222.84.

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.