Insider Selling: Amazon.com, Inc. (NASDAQ:AMZN) Director Sells 4,351 Shares

On December 9th, Jonathan Rubinstein, a director at Amazon.com, Inc. (NASDAQ:AMZN), sold 4,351 shares of the company’s stock. The shares were sold at an average price of $229.85, resulting in a total transaction value of $1,000,077.35. Following this sale, Rubinstein now holds 88,203 shares of Amazon, which are valued at approximately $20,273,459.55. This sale represents a decrease of 4.70% in his ownership of the stock. The transaction was reported in a filing with the Securities and Exchange Commission (SEC), which is publicly accessible on their website.

Recently, Rubinstein has engaged in other transactions involving Amazon stock. On November 7th, he sold 4,766 shares at an average price of $209.85, totaling $1,000,145.10. On November 1st, he sold 5,004 shares at an average price of $199.85, bringing in $1,000,049.40.

Amazon.com Price Performance

On the Thursday following Rubinstein's latest sale, Amazon's shares opened at $230.26. The company currently has a market capitalization of $2.42 trillion and a price-to-earnings ratio of 49.31. Other financial statistics for Amazon include a PEG ratio of 1.52, a beta of 1.16, and a debt-to-equity ratio of 0.21. The company's stock has seen a range from a 12-month low of $144.05 to a high of $231.20. The 50-day and 200-day moving averages are $198.98 and $188.78, respectively.

Recent Earnings Data

Amazon.com most recently announced its quarterly earnings on October 31st, reporting earnings per share (EPS) of $1.43, which surpassed analysts' expectations of $1.14 by $0.29. The company recorded a return on equity of 22.41% and achieved a net margin of 8.04%. Revenue for the quarter was approximately $158.88 billion, exceeding the consensus estimate of $157.28 billion. This represented an 11.0% increase compared to the previous year, where the company posted an EPS of $0.85.

Analyst Ratings and Forecasts

Several equity analysts have given their opinions on Amazon, adjusting target prices and ratings. For example, JPMorgan Chase & Co. raised their target from $230.00 to $250.00, marking the stock as “overweight.” Meanwhile, Truist Financial increased their target from $265.00 to $270.00 with a “buy” rating. Jefferies Financial Group adjusted their price objective from $225.00 to $235.00 with a similar rating. JMP Securities increased their target from $265.00 to $285.00, calling the stock a “market outperform.” Scotiabank similarly raised their target from $245.00 to $246.00 with a “sector outperform” rating. Overall, the consensus rating for Amazon is a “Moderate Buy” with a target price of $237.42 based on the insights from 41 analysts.

Institutional Investor Activity

There has also been activity among institutional investors regarding Amazon stocks. Icon Wealth Advisors LLC raised its holdings in Amazon by 20.5% in the third quarter, now owning 150,661 shares worth $28,000 after acquiring an additional 25,581 shares. PayPay Securities Corp increased its position by 64.6%, owning 163 shares valued at $32,000 after buying more shares as well. Other firms like Hoese & Co LLP and Bull Oak Capital LLC also entered new stakes in Amazon. Approximately 72.20% of the company’s stock is currently held by institutional investors.

About Amazon.com

Amazon.com, Inc. is a leading company specializing in the retail sale of consumer products, advertising, and subscription services through both online and physical channels. Its operations are divided into three key segments: North America, International, and Amazon Web Services (AWS). Additionally, Amazon manufactures various electronic devices such as Kindle, Fire tablets, and Echo products, while also engaging in media content production.

insider, selling, Amazon