Amazon.com, Inc. (NASDAQ:AMZN) Director Daniel P. Huttenlocher Sells 1,237 Shares

Amazon.com, Inc. (NASDAQ:AMZN) Director Daniel P. Huttenlocher sold 1,237 shares of the firm’s stock in a transaction that occurred on Tuesday, November 19th. The shares were sold at an average price of $199.06, for a total value of $246,237.22. Following the completion of the sale, the director now directly owns 24,912 shares of the company’s stock, valued at approximately $4,958,982.72. The trade was a 4.73 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Amazon.com Stock Up 1.4 %

Shares of AMZN opened at $204.61 on Wednesday. The company has a market capitalization of $2.15 trillion, a PE ratio of 43.81, a PEG ratio of 1.36 and a beta of 1.14. Amazon.com, Inc. has a 12 month low of $141.50 and a 12 month high of $215.90. The stock’s 50-day moving average price is $192.19 and its two-hundred day moving average price is $186.06. 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 (NASDAQ:AMZN) last announced its quarterly earnings data on Thursday, October 31st. The e-commerce giant reported $1.43 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.14 by $0.29. The company had revenue of $158.88 billion for 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 firm’s revenue was up 11.0% compared to the same quarter last year. During the same period in the previous year, the business earned $0.85 EPS. On average, analysts anticipate that Amazon.com, Inc. will post 5.27 EPS for the current year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in AMZN. Icon Wealth Advisors LLC lifted its stake in shares of Amazon.com by 20.5% in the 3rd quarter. Icon Wealth Advisors LLC now owns 150,661 shares of the e-commerce giant’s stock valued at $28,000 after purchasing an additional 25,581 shares during the period. PayPay Securities Corp raised its stake in Amazon.com by 64.6% during the 2nd quarter. PayPay Securities Corp now owns 163 shares of the e-commerce giant’s stock worth $32,000 after buying an additional 64 shares during the period. Hoese & Co LLP acquired a new position in Amazon.com during the 3rd quarter worth approximately $37,000. Bull Oak Capital LLC acquired a new position in Amazon.com during the 3rd quarter worth approximately $45,000. Finally, Values First Advisors Inc. acquired a new position in Amazon.com during the 3rd quarter worth approximately $56,000. 72.20% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on AMZN. UBS Group raised their price objective on Amazon.com from $220.00 to $223.00 and gave the company a “buy” rating in a research report on Monday, October 28th. BMO Capital Markets reaffirmed an “outperform” rating and issued a $236.00 price objective (up from $230.00) on shares of Amazon.com in a research report on Friday, November 1st. Wells Fargo & Company cut Amazon.com from an “overweight” rating to an “equal weight” rating and dropped their price target for the stock from $225.00 to $183.00 in a report on Monday, October 7th. Needham & Company LLC lifted their price target on Amazon.com from $210.00 to $250.00 and gave the stock a “buy” rating in a report on Thursday, November 14th. Finally, Piper Sandler lifted their price target on Amazon.com from $215.00 to $225.00 and gave the stock an “overweight” rating in a report on Friday, November 1st. Two investment analysts have rated the stock with a hold rating, forty have issued a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $235.45.

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.