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 Amazon.com stock in a transaction on Thursday, November 7th. The shares were sold at an average price of $209.85, for a total transaction of $1,000,145.10. Following the completion of the sale, the director now owns 94,630 shares in the company, valued at $19,858,105.50. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink.

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

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

Amazon.com Trading Up 1.0 %

NASDAQ:AMZN traded up $2.07 during mid-day trading on Tuesday, hitting $208.91. 36,285,012 shares of the company’s stock were exchanged, compared to its average volume of 41,388,367. The company has a 50 day simple moving average of $188.40 and a 200-day simple moving average of $184.95. The company has a current ratio of 1.09, a quick ratio of 0.87 and a debt-to-equity ratio of 0.21. Amazon.com, Inc. has a fifty-two week low of $139.52 and a fifty-two week high of $212.25. The firm has a market capitalization of $2.20 trillion, a P/E ratio of 44.18, a PEG ratio of 1.40 and a beta of 1.14.

Amazon.com (NASDAQ:AMZN) last released its quarterly earnings data on Thursday, October 31st. The e-commerce giant reported $1.43 earnings per share for the quarter, beating the consensus estimate of $1.14 by $0.29. The company had revenue of $158.88 billion during the quarter, compared to analyst estimates of $157.28 billion. Amazon.com had a net margin of 8.04% and a return on equity of 22.41%. Amazon.com’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 business posted $0.85 EPS. As a group, research analysts expect that Amazon.com, Inc. will post 5.27 earnings per share for the current year.

Institutional Investors Weigh In On Amazon.com

Institutional investors have recently added to or reduced their stakes in the business. Icon Wealth Advisors LLC increased its position in shares of Amazon.com by 20.5% in the third quarter. Icon Wealth Advisors LLC now owns 150,661 shares of the e-commerce giant’s stock worth $28,000 after purchasing an additional 25,581 shares during the last quarter. PayPay Securities Corp lifted its stake in Amazon.com by 64.6% in the second quarter. PayPay Securities Corp now owns 163 shares of the e-commerce giant’s stock worth $32,000 after acquiring an additional 64 shares during the period. Hoese & Co LLP purchased a new stake in Amazon.com in the third quarter worth $37,000. Bull Oak Capital LLC purchased a new position in Amazon.com during the third quarter valued at $45,000. Finally, Values First Advisors Inc. purchased a new position in Amazon.com during the third quarter valued at $56,000. 72.20% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on AMZN shares. UBS Group increased their price objective on shares of Amazon.com from $220.00 to $223.00 and gave the stock a “buy” rating in a research report on Monday, October 28th. Cantor Fitzgerald restated an “overweight” rating and issued a $230.00 price target on shares of Amazon.com in a report on Monday, October 7th. Wedbush raised their price objective on shares of Amazon.com from $225.00 to $250.00 and gave the company an “outperform” rating in a research note on Friday, November 1st. Telsey Advisory Group raised their price target on shares of Amazon.com from $215.00 to $235.00 and gave the company an “outperform” rating in a research report on Friday, November 1st. Finally, BMO Capital Markets reiterated an “outperform” rating and issued a $236.00 target price (up previously from $230.00) on shares of Amazon.com in a research note on Friday, November 1st. Two equities research analysts have rated the stock with a hold rating, forty have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $234.55.

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.