Amazon.com, Inc. (NASDAQ:AMZN) Director Jonathan Rubinstein sold 314 shares of the business’s stock in a transaction on Tuesday, January 5th. The shares were sold at an average price of $3,166.01, for a total transaction of $994,127.14. Following the sale, the director now directly owns 6,758 shares of the company’s stock, valued at $21,395,895.58. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.
Jonathan Rubinstein also recently made the following trade(s):
- On Thursday, November 5th, Jonathan Rubinstein sold 309 shares of Amazon.com stock. The stock was sold at an average price of $3,319.97, for a total transaction of $1,025,870.73.
- On Monday, November 2nd, Jonathan Rubinstein sold 329 shares of Amazon.com stock. The stock was sold at an average price of $3,061.74, for a total transaction of $1,007,312.46.
Shares of AMZN stock opened at $3,182.70 on Friday. The business’s fifty day moving average price is $3,181.24 and its 200 day moving average price is $3,148.12. Amazon.com, Inc. has a 1-year low of $1,626.03 and a 1-year high of $3,552.25. The firm has a market capitalization of $1.60 trillion, a PE ratio of 93.20, a P/E/G ratio of 2.46 and a beta of 1.19. The company has a debt-to-equity ratio of 0.40, a current ratio of 1.11 and a quick ratio of 0.88.
Amazon.com (NASDAQ:AMZN) last announced its quarterly earnings data on Tuesday, November 3rd. The e-commerce giant reported $12.37 earnings per share for the quarter, topping the Zacks’ consensus estimate of $7.41 by $4.96. Amazon.com had a return on equity of 24.49% and a net margin of 4.99%. The firm had revenue of $96.15 billion for the quarter, compared to analyst estimates of $92.56 billion. During the same quarter in the prior year, the company posted $4.23 earnings per share. Amazon.com’s quarterly revenue was up 37.4% on a year-over-year basis. Equities research analysts expect that Amazon.com, Inc. will post 34.56 earnings per share for the current fiscal year.
A number of institutional investors and hedge funds have recently bought and sold shares of AMZN. Visionary Wealth Advisors boosted its position in Amazon.com by 18.4% during the second quarter. Visionary Wealth Advisors now owns 1,173 shares of the e-commerce giant’s stock worth $3,236,000 after purchasing an additional 182 shares in the last quarter. United Bank boosted its position in Amazon.com by 5.1% during the second quarter. United Bank now owns 1,036 shares of the e-commerce giant’s stock worth $2,858,000 after purchasing an additional 50 shares in the last quarter. Principal Financial Group Inc. boosted its position in Amazon.com by 6.8% during the second quarter. Principal Financial Group Inc. now owns 969,771 shares of the e-commerce giant’s stock worth $2,675,423,000 after purchasing an additional 61,712 shares in the last quarter. Staley Capital Advisers Inc. boosted its position in Amazon.com by 1.9% during the second quarter. Staley Capital Advisers Inc. now owns 5,538 shares of the e-commerce giant’s stock worth $15,278,000 after purchasing an additional 101 shares in the last quarter. Finally, Sequoia Financial Advisors LLC lifted its position in shares of Amazon.com by 7.8% in the second quarter. Sequoia Financial Advisors LLC now owns 6,386 shares of the e-commerce giant’s stock valued at $17,618,000 after acquiring an additional 461 shares in the last quarter. Institutional investors own 56.50% of the company’s stock.
A number of analysts recently weighed in on AMZN shares. Citigroup Inc. 3% Minimum Coupon Principal Protected Based Upon Russell upped their price objective on shares of Amazon.com from $3,550.00 to $3,600.00 and gave the stock a “buy” rating in a research note on Tuesday, November 3rd. Morgan Stanley decreased their price target on shares of Amazon.com from $3,750.00 to $3,740.00 and set an “overweight” rating for the company in a research report on Thursday, October 15th. Sanford C. Bernstein upped their price objective on shares of Amazon.com from $3,400.00 to $3,700.00 and gave the company an “outperform” rating in a report on Friday, October 30th. Smith Barney Citigroup upped their price objective on shares of Amazon.com from $3,550.00 to $3,600.00 in a report on Tuesday, November 3rd. Finally, Barclays upped their price objective on shares of Amazon.com from $3,530.00 to $3,660.00 and gave the company an “overweight” rating in a report on Friday, October 30th. One analyst has rated the stock with a sell rating, three have issued a hold rating and forty-seven have issued a buy rating to the company’s stock. Amazon.com presently has a consensus rating of “Buy” and an average price target of $3,615.54.
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). It sells merchandise and content purchased for resale from third-party sellers through physical and online stores.
Further Reading: Gap Up Stocks