Amazon.com VP David Zapolsky Sells 1,142 Shares (AMZN)
Amazon.com (NASDAQ:AMZN) VP David Zapolsky sold 1,142 shares of the stock in a transaction dated Tuesday, February 18th. The stock was sold at an average price of $352.25, for a total transaction of $402,269.50. Following the transaction, the vice president now directly owns 1,086 shares in the company, valued at approximately $382,544. The transaction was disclosed in a filing with the SEC, which is available at this link.
A number of research firms have recently commented on AMZN. Analysts at Sanford C. Bernstein reiterated an “outperform” rating on shares of Amazon.com in a research note on Friday, February 14th. Separately, analysts at UBS AG downgraded shares of Amazon.com from a “buy” rating to a “neutral” rating in a research note on Wednesday, February 12th. They now have a $375.00 price target on the stock, down previously from $450.00. They noted that the move was a valuation call. Finally, analysts at Zacks reiterated an “outperform” rating on shares of Amazon.com in a research note on Tuesday, February 4th. They now have a $484.00 price target on the stock. Two analysts have rated the stock with a sell rating, seven have given a hold rating, twenty-four have assigned a buy rating and one has issued a strong buy rating to the stock. The company currently has an average rating of “Buy” and a consensus target price of $415.00.
Shares of Amazon.com (NASDAQ:AMZN) opened at 347.38 on Thursday. Amazon.com has a 52-week low of $245.75 and a 52-week high of $408.06. The stock’s 50-day moving average is $379.8 and its 200-day moving average is $346.2. The company has a market cap of $159.5 billion and a P/E ratio of 599.41.
Amazon.com (NASDAQ:AMZN) last posted its quarterly earnings results on Thursday, January 30th. The company reported $0.51 earnings per share for the quarter, missing the analysts’ consensus estimate of $0.67 by $0.16. The company had revenue of $25.59 billion for the quarter, compared to the consensus estimate of $26.06 billion. On average, analysts predict that Amazon.com will post $1.91 earnings per share for the current fiscal year.
Amazon.com, Inc (NASDAQ:AMZN) serves consumers through its retail websites and focus on selection, price, and convenience.
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