Amazon.com (NASDAQ:AMZN) Director Jonathan Rubinstein Sells 3,849 Shares

Amazon.com, Inc. (NASDAQ:AMZN) Director Jonathan Rubinstein sold 3,849 shares of the stock in a transaction that occurred on Friday, April 24th. The stock was sold at an average price of $260.00, for a total transaction of $1,000,740.00. Following the sale, the director owned 78,654 shares in the company, valued at approximately $20,450,040. This trade represents a 4.67% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Amazon.com Price Performance

Amazon.com stock opened at $259.70 on Wednesday. The company has a quick ratio of 0.88, a current ratio of 1.05 and a debt-to-equity ratio of 0.16. The company's 50 day moving average is $221.26 and its two-hundred day moving average is $226.83. The firm has a market cap of $2.79 trillion, a PE ratio of 36.22, a price-to-earnings-growth ratio of 1.95 and a beta of 1.38. Amazon.com, Inc. has a 52-week low of $178.85 and a 52-week high of $264.50.

Amazon.com (NASDAQ:AMZN - Get Free Report) last issued its earnings results on Thursday, February 5th. The e-commerce giant reported $1.95 EPS for the quarter, missing analysts' consensus estimates of $1.97 by ($0.02). The firm had revenue of $213.39 billion for the quarter, compared to analyst estimates of $211.02 billion. Amazon.com had a return on equity of 21.87% and a net margin of 10.83%.The business's revenue for the quarter was up 13.6% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.86 EPS. On average, research analysts expect that Amazon.com, Inc. will post 7.71 EPS for the current fiscal year.

Wall Street Analyst Weigh In




A number of brokerages recently commented on AMZN. JPMorgan Chase & Co. boosted their target price on shares of Amazon.com from $265.00 to $280.00 and gave the stock an "overweight" rating in a research note on Wednesday, March 25th. Needham & Company LLC reaffirmed a "buy" rating and issued a $265.00 target price on shares of Amazon.com in a research report on Tuesday, March 17th. Argus reaffirmed a "buy" rating and issued a $325.00 target price on shares of Amazon.com in a research report on Friday, February 6th. Wells Fargo & Company increased their target price on shares of Amazon.com from $305.00 to $307.00 and gave the company an "overweight" rating in a research report on Friday, April 24th. Finally, Cantor Fitzgerald increased their target price on shares of Amazon.com from $260.00 to $280.00 and gave the company an "overweight" rating in a research report on Tuesday, April 21st. One investment analyst has rated the stock with a Strong Buy rating, fifty-five have given a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of $289.39.

Read Our Latest Stock Analysis on AMZN

Institutional Trading of Amazon.com

Several hedge funds have recently made changes to their positions in the company. Norges Bank acquired a new stake in shares of Amazon.com in the fourth quarter valued at about $32,868,735,000. Auto Owners Insurance Co raised its position in Amazon.com by 27,376.7% during the fourth quarter. Auto Owners Insurance Co now owns 98,448,885 shares of the e-commerce giant's stock worth $2,272,397,000 after acquiring an additional 98,090,585 shares during the last quarter. J. Stern & Co. LLP raised its position in Amazon.com by 20,598.0% during the fourth quarter. J. Stern & Co. LLP now owns 87,982,814 shares of the e-commerce giant's stock worth $20,308,193,000 after acquiring an additional 87,557,736 shares during the last quarter. Nuveen LLC purchased a new stake in shares of Amazon.com during the first quarter worth about $11,674,091,000. Finally, Cardano Risk Management B.V. grew its holdings in shares of Amazon.com by 879.4% during the fourth quarter. Cardano Risk Management B.V. now owns 27,862,400 shares of the e-commerce giant's stock worth $6,431,199,000 after buying an additional 25,017,588 shares in the last quarter. Institutional investors and hedge funds own 72.20% of the company's stock.

Amazon.com News Summary

Here are the key news stories impacting Amazon.com this week:

About Amazon.com

(Get Free Report)

Amazon.com, Inc is a diversified technology and retail company best known for its e-commerce marketplace and broad portfolio of consumer and enterprise services. Founded by Jeff Bezos in 1994 and headquartered in Seattle, Washington, the company launched as an online bookseller and expanded into a global retail platform that sells products directly to consumers and provides a marketplace for third-party sellers. Over time Amazon has grown beyond retail into areas including cloud computing, digital media, devices and logistics.

Key businesses and offerings include Amazon's online marketplace and fulfillment services, the Amazon Prime membership program (which bundles expedited shipping with streaming and other benefits), Amazon Web Services (AWS) which supplies on-demand cloud computing and storage to businesses and public-sector customers, and a range of content and advertising services such as Prime Video and Amazon Advertising.

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