Amazon.com, Inc. (AMZN) Director Sells $2,202,750.00 in Stock

Amazon.com, Inc. (NASDAQ:AMZN) Director Patricia Q. Stonesifer sold 1,375 shares of Amazon.com stock in a transaction that occurred on Tuesday, February 19th. The stock was sold at an average price of $1,602.00, for a total value of $2,202,750.00. Following the sale, the director now directly owns 7,861 shares in the company, valued at approximately $12,593,322. The sale was disclosed in a document filed with the SEC, which is available at this link.

AMZN traded down $2.66 during trading on Thursday, hitting $1,619.44. The company’s stock had a trading volume of 3,478,471 shares, compared to its average volume of 5,708,781. The company has a debt-to-equity ratio of 0.54, a quick ratio of 0.85 and a current ratio of 1.10. Amazon.com, Inc. has a 12 month low of $1,307.00 and a 12 month high of $2,050.50. The company has a market cap of $799.47 billion, a price-to-earnings ratio of 80.41, a PEG ratio of 2.28 and a beta of 1.62.

Amazon.com (NASDAQ:AMZN) last issued its quarterly earnings data on Thursday, January 31st. The e-commerce giant reported $6.04 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $5.55 by $0.49. The firm had revenue of $72.38 billion during the quarter, compared to the consensus estimate of $71.73 billion. Amazon.com had a return on equity of 27.02% and a net margin of 4.33%. During the same quarter in the previous year, the company posted $2.16 EPS. As a group, research analysts predict that Amazon.com, Inc. will post 26.47 EPS for the current fiscal year.

Hedge funds have recently added to or reduced their stakes in the company. Connor Clark & Lunn Investment Management Ltd. raised its holdings in shares of Amazon.com by 31.1% in the 2nd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 82,285 shares of the e-commerce giant’s stock worth $139,868,000 after purchasing an additional 19,500 shares during the period. Landaas & Co. WI ADV bought a new position in Amazon.com in the second quarter worth about $224,000. Ironwood Investment Counsel LLC raised its stake in Amazon.com by 39.7% in the third quarter. Ironwood Investment Counsel LLC now owns 535 shares of the e-commerce giant’s stock worth $1,071,000 after buying an additional 152 shares in the last quarter. Northwestern Mutual Wealth Management Co. raised its stake in Amazon.com by 3.0% in the third quarter. Northwestern Mutual Wealth Management Co. now owns 54,608 shares of the e-commerce giant’s stock worth $109,373,000 after buying an additional 1,599 shares in the last quarter. Finally, Spirit of America Management Corp NY bought a new position in Amazon.com in the third quarter worth about $110,000. Institutional investors own 55.70% of the company’s stock.

Several brokerages have recently weighed in on AMZN. Barclays reissued an “overweight” rating and set a $1,950.00 price objective (down previously from $2,100.00) on shares of Amazon.com in a report on Friday, October 26th. William Blair reissued an “outperform” rating on shares of Amazon.com in a report on Monday, October 29th. Wells Fargo & Co reissued a “buy” rating and set a $2,300.00 price objective on shares of Amazon.com in a report on Sunday, October 28th. Zacks Investment Research lowered Amazon.com from a “buy” rating to a “hold” rating in a report on Tuesday, February 5th. Finally, Credit Suisse Group reissued a “buy” rating on shares of Amazon.com in a report on Monday, October 29th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and forty-four have issued a buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus target price of $2,107.33.

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About Amazon.com

Amazon.com, Inc engages in the retail sale of consumer products and subscriptions in North America and internationally. The company operates through three segments: North America, International, and Amazon Web Services (AWS) segments. It sells merchandise and content purchased for resale from third-party sellers through physical stores and online stores.

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