Insider Selling: Amazon.com, Inc. (NASDAQ:AMZN) Director Sells $1,000,077.35 in Stock

Amazon.com, Inc. (NASDAQ:AMZN) Director Jonathan Rubinstein sold 4,351 shares of Amazon.com stock in a transaction on Monday, December 9th. The stock was sold at an average price of $229.85, for a total transaction of $1,000,077.35. Following the sale, the director now owns 88,203 shares in the company, valued at $20,273,459.55. This represents a 4.70 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

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

• On Thursday, November 7th, Jonathan Rubinstein sold 4,766 shares of Amazon.com stock. The stock was sold at an average price of $209.85, for a total value of $1,000,145.10.
• 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 value of $1,000,049.40.

Amazon.com Stock Performance

NASDAQ:AMZN opened at $227.46 on Friday. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.09 and a quick ratio of 0.87. The firm has a market cap of $2.39 trillion, a PE ratio of 48.71, a P/E/G ratio of 1.54 and a beta of 1.16. The firm has a 50 day simple moving average of $201.65 and a 200-day simple moving average of $189.67. Amazon.com, Inc. has a 1-year low of $144.05 and a 1-year high of $231.20.

Amazon.com (NASDAQ:AMZN) last issued its quarterly earnings results on Thursday, October 31st. The e-commerce giant reported $1.43 earnings per share for the quarter, topping analysts’ consensus estimates of $1.14 by $0.29. Amazon.com had a return on equity of 22.41% and a net margin of 8.04%. The company had revenue of $158.88 billion for the quarter, compared to analyst estimates of $157.28 billion. During the same quarter in the prior year, the company posted $0.85 EPS. The business’s revenue for the quarter was up 11.0% compared to the same quarter last year. On average, equities analysts expect that Amazon.com, Inc. will post 5.29 EPS for the current year.

Hedge Funds Weigh In On Amazon.com

Several large investors have recently added to or reduced their stakes in the business. Legacy Wealth Management LLC MS increased its stake in shares of Amazon.com by 75.7% during the 3rd quarter. Legacy Wealth Management LLC MS now owns 12,922 shares of the e-commerce giant’s stock valued at $2,408,000 after acquiring an additional 5,567 shares during the last quarter. Alternative Investment Advisors LLC. grew its holdings in Amazon.com by 2.2% in the third quarter. Alternative Investment Advisors LLC. now owns 10,164 shares of the e-commerce giant’s stock valued at $1,894,000 after purchasing an additional 215 shares during the period. DGS Capital Management LLC raised its stake in Amazon.com by 4.3% during the third quarter. DGS Capital Management LLC now owns 25,410 shares of the e-commerce giant’s stock worth $4,735,000 after purchasing an additional 1,039 shares during the period. Copley Financial Group Inc. acquired a new position in shares of Amazon.com in the 3rd quarter valued at $705,000. Finally, Milestone Resources Group Ltd grew its stake in shares of Amazon.com by 31.9% during the 3rd quarter. Milestone Resources Group Ltd now owns 1,183,916 shares of the e-commerce giant’s stock valued at $220,599,000 after buying an additional 286,141 shares during the period. 72.20% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of brokerages have weighed in on AMZN. Morgan Stanley boosted their price objective on Amazon.com from $210.00 to $230.00 and gave the company an “overweight” rating in a research note on Monday, November 4th. JMP Securities increased their price target on shares of Amazon.com from $265.00 to $285.00 and gave the stock a “market outperform” rating in a research note on Friday, November 1st. Redburn Atlantic upped their target price on shares of Amazon.com from $225.00 to $235.00 and gave the company a “buy” rating in a report on Tuesday, November 26th. Roth Mkm raised their price target on Amazon.com from $220.00 to $250.00 and gave the stock a “buy” rating in a report on Monday, December 9th. Finally, Evercore ISI upped their price objective on Amazon.com from $240.00 to $260.00 and gave the company an “outperform” rating in a research note on Friday, November 1st. Two investment analysts have rated the stock with a hold rating, forty-one have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $238.87.

Amazon.com Company Profile

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.