David Zapolsky Sells 9,490 Shares of Amazon.com, Inc. (NASDAQ:AMZN) Stock

Amazon.com, Inc. (NASDAQ:AMZN) SVP David Zapolsky sold 9,490 shares of Amazon.com stock in a transaction dated Tuesday, May 21st. The shares were sold at an average price of $181.41, for a total transaction of $1,721,580.90. Following the completion of the transaction, the senior vice president now directly owns 64,210 shares of the company’s stock, valued at $11,648,336.10. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

Amazon.com Price Performance

Shares of NASDAQ:AMZN opened at $180.75 on Friday. The company’s fifty day moving average is $182.04 and its two-hundred day moving average is $166.22. The company has a market cap of $1.88 trillion, a P/E ratio of 50.63, a price-to-earnings-growth ratio of 1.30 and a beta of 1.15. Amazon.com, Inc. has a 12-month low of $114.31 and a 12-month high of $191.70. The company has a quick ratio of 0.87, a current ratio of 1.07 and a debt-to-equity ratio of 0.27.

Amazon.com (NASDAQ:AMZN) last posted its quarterly earnings results on Tuesday, April 30th. The e-commerce giant reported $0.98 earnings per share for the quarter, beating the consensus estimate of $0.83 by $0.15. Amazon.com had a return on equity of 19.86% and a net margin of 6.38%. The firm had revenue of $143.31 billion for the quarter, compared to analyst estimates of $142.65 billion. During the same period in the previous year, the firm earned $0.31 earnings per share. Amazon.com’s quarterly revenue was up 12.5% on a year-over-year basis. Equities analysts expect that Amazon.com, Inc. will post 4.72 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on AMZN shares. Morgan Stanley upped their price objective on Amazon.com from $215.00 to $220.00 and gave the stock an “overweight” rating in a research note on Wednesday, May 1st. Evercore ISI increased their price objective on shares of Amazon.com from $220.00 to $225.00 and gave the stock an “outperform” rating in a report on Wednesday, May 1st. Wells Fargo & Company boosted their target price on shares of Amazon.com from $217.00 to $234.00 and gave the company an “overweight” rating in a research note on Wednesday, May 1st. Sanford C. Bernstein upped their target price on shares of Amazon.com from $175.00 to $200.00 and gave the stock an “outperform” rating in a research report on Friday, February 2nd. Finally, Barclays lifted their price target on Amazon.com from $220.00 to $230.00 and gave the company an “overweight” rating in a report on Wednesday, May 1st. One investment analyst has rated the stock with a hold rating, forty-four have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, Amazon.com currently has a consensus rating of “Buy” and a consensus target price of $211.62.

Institutional Trading of Amazon.com

Several institutional investors have recently made changes to their positions in the stock. Freedom Day Solutions LLC grew its stake in shares of Amazon.com by 3.7% in the 3rd quarter. Freedom Day Solutions LLC now owns 26,144 shares of the e-commerce giant’s stock valued at $3,323,000 after buying an additional 942 shares in the last quarter. Baystate Wealth Management LLC grew its position in Amazon.com by 12.3% in the third quarter. Baystate Wealth Management LLC now owns 14,193 shares of the e-commerce giant’s stock worth $1,804,000 after acquiring an additional 1,557 shares in the last quarter. Cambridge Trust Co. increased its stake in shares of Amazon.com by 7.8% during the 3rd quarter. Cambridge Trust Co. now owns 361,388 shares of the e-commerce giant’s stock worth $45,940,000 after purchasing an additional 26,009 shares during the last quarter. North Point Portfolio Managers Corp OH raised its holdings in shares of Amazon.com by 1.1% during the 3rd quarter. North Point Portfolio Managers Corp OH now owns 102,749 shares of the e-commerce giant’s stock valued at $13,061,000 after purchasing an additional 1,135 shares in the last quarter. Finally, Zenyatta Capital Management LP acquired a new stake in shares of Amazon.com in the 3rd quarter valued at $6,992,000. 72.20% of the stock is currently owned by institutional investors and hedge funds.

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.