Amazon.com, Inc. (NASDAQ:AMZN) Director Sells $1,000,145.10 in Stock

Amazon.com, Inc. (NASDAQ:AMZN) Director Jonathan Rubinstein sold 4,766 shares of the stock in a transaction on Thursday, November 7th. The shares were sold at an average price of $209.85, for a total value of $1,000,145.10. Following the completion of the transaction, the director now owns 94,630 shares of the company’s stock, valued at $19,858,105.50. This trade represents a 4.79 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.

Jonathan Rubinstein also recently made the following trade(s):

• On Friday, November 1st, Jonathan Rubinstein sold 5,004 shares of Amazon.com stock. The shares were sold at an average price of $199.85, for a total transaction of $1,000,049.40.

Amazon.com Price Performance

NASDAQ:AMZN opened at $211.48 on Friday. The firm has a market cap of $2.22 trillion, a PE ratio of 45.28, a price-to-earnings-growth ratio of 1.40 and a beta of 1.14. The company’s 50-day moving average price is $189.87 and its two-hundred day moving average price is $185.36. The company has a quick ratio of 0.87, a current ratio of 1.09 and a debt-to-equity ratio of 0.21. Amazon.com, Inc. has a 12 month low of $139.52 and a 12 month high of $215.90.

Amazon.com (NASDAQ:AMZN) last issued its quarterly earnings data on Thursday, October 31st. The e-commerce giant reported $1.43 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.14 by $0.29. The firm had revenue of $158.88 billion during the quarter, compared to the consensus estimate of $157.28 billion. Amazon.com had a return on equity of 22.41% and a net margin of 8.04%. The business’s revenue for the quarter was up 11.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.85 EPS. On average, equities analysts anticipate that Amazon.com, Inc. will post 5.27 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on AMZN shares. TD Cowen boosted their price target on shares of Amazon.com from $230.00 to $240.00 and gave the company a “buy” rating in a report on Friday, November 1st. DA Davidson reaffirmed a “buy” rating and issued a $235.00 target price on shares of Amazon.com in a research report on Thursday, October 10th. The Goldman Sachs Group upped their price target on Amazon.com from $230.00 to $240.00 and gave the company a “buy” rating in a research report on Friday, November 1st. Susquehanna raised their price objective on Amazon.com from $220.00 to $230.00 and gave the stock a “positive” rating in a research report on Friday, November 1st. Finally, Barclays increased their price target on shares of Amazon.com from $220.00 to $235.00 and gave the stock an “overweight” rating in a research report on Friday, August 2nd. Two investment analysts have rated the stock with a hold rating, forty have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $235.45.

Institutional Investors Weigh In On Amazon.com

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. GenTrust LLC grew its stake in shares of Amazon.com by 1.4% during the first quarter. GenTrust LLC now owns 37,195 shares of the e-commerce giant’s stock worth $6,709,000 after purchasing an additional 525 shares during the period. Horizon Bancorp Inc. IN raised its position in shares of Amazon.com by 2.5% in the 1st quarter. Horizon Bancorp Inc. IN now owns 3,793 shares of the e-commerce giant’s stock valued at $684,000 after acquiring an additional 94 shares during the period. FORVIS Wealth Advisors LLC boosted its stake in Amazon.com by 68.0% during the 1st quarter. FORVIS Wealth Advisors LLC now owns 60,901 shares of the e-commerce giant’s stock worth $10,985,000 after acquiring an additional 24,644 shares during the last quarter. Mezzasalma Advisors LLC grew its holdings in Amazon.com by 7.7% during the first quarter. Mezzasalma Advisors LLC now owns 53,452 shares of the e-commerce giant’s stock valued at $9,642,000 after purchasing an additional 3,842 shares during the period. Finally, Kesler Norman & Wride LLC increased its stake in Amazon.com by 145.9% in the first quarter. Kesler Norman & Wride LLC now owns 16,994 shares of the e-commerce giant’s stock valued at $3,065,000 after purchasing an additional 10,082 shares in the last quarter. Institutional investors and hedge funds own 72.20% of the company’s stock.

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.