Amazon.com, Inc. (NASDAQ:AMZN) dropped 5.1% on Monday following insider selling activity. The stock traded as low as $1,503.36 and last traded at $1,512.29. Approximately 7,725,987 shares traded hands during trading, an increase of 43% from the average daily volume of 5,406,286 shares. The stock had previously closed at $1,593.41.

Specifically, insider David Zapolsky sold 1,929 shares of Amazon.com stock in a transaction on Thursday, November 15th. The stock was sold at an average price of $1,566.09, for a total value of $3,020,987.61. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, VP Shelley Reynolds sold 437 shares of Amazon.com stock in a transaction on Thursday, November 15th. The shares were sold at an average price of $1,573.11, for a total value of $687,449.07. The disclosure for this sale can be found here. Insiders sold 30,720 shares of company stock worth $52,687,431 in the last quarter. 16.30% of the stock is owned by insiders.

Several research analysts have commented on the company. Oppenheimer reissued a “buy” rating and issued a $2,020.00 price objective (down from $2,130.00) on shares of Amazon.com in a research report on Monday, October 29th. Credit Suisse Group raised their price objective on Amazon.com from $2,100.00 to $2,400.00 and gave the company an “outperform” rating in a research report on Monday, October 22nd. Wells Fargo & Co reissued a “buy” rating and issued a $2,300.00 price objective on shares of Amazon.com in a research report on Monday, October 1st. Deutsche Bank reissued a “buy” rating on shares of Amazon.com in a research report on Tuesday, October 23rd. Finally, Barclays reissued an “overweight” rating and issued a $1,950.00 price objective (down from $2,100.00) on shares of Amazon.com in a research report on Friday, October 26th. Three equities research analysts have rated the stock with a hold rating and forty-eight have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average price target of $2,085.14.

The stock has a market capitalization of $779.13 billion, a PE ratio of 328.67, a PEG ratio of 3.05 and a beta of 1.70. The company has a quick ratio of 0.80, a current ratio of 1.08 and a debt-to-equity ratio of 0.63.

Amazon.com (NASDAQ:AMZN) last announced its earnings results on Thursday, October 25th. The e-commerce giant reported $5.75 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $3.29 by $2.46. Amazon.com had a return on equity of 24.35% and a net margin of 4.03%. The business had revenue of $56.58 billion for the quarter, compared to analyst estimates of $57.05 billion. Analysts predict that Amazon.com, Inc. will post 19.37 EPS for the current fiscal year.

Several hedge funds and other institutional investors have recently made changes to their positions in AMZN. Marcus Capital LLC increased its holdings in Amazon.com by 2.4% in the second quarter. Marcus Capital LLC now owns 1,171 shares of the e-commerce giant’s stock valued at $1,990,000 after buying an additional 27 shares during the last quarter. Winthrop Advisory Group LLC boosted its stake in Amazon.com by 3.8% in the second quarter. Winthrop Advisory Group LLC now owns 744 shares of the e-commerce giant’s stock valued at $1,265,000 after acquiring an additional 27 shares during the period. AMI Investment Management Inc. boosted its stake in Amazon.com by 17.6% in the second quarter. AMI Investment Management Inc. now owns 180 shares of the e-commerce giant’s stock valued at $306,000 after acquiring an additional 27 shares during the period. BKD Wealth Advisors LLC boosted its stake in Amazon.com by 3.1% in the second quarter. BKD Wealth Advisors LLC now owns 943 shares of the e-commerce giant’s stock valued at $1,603,000 after acquiring an additional 28 shares during the period. Finally, Beaton Management Co. Inc. boosted its stake in Amazon.com by 2.8% in the second quarter. Beaton Management Co. Inc. now owns 1,024 shares of the e-commerce giant’s stock valued at $1,740,000 after acquiring an additional 28 shares during the period. 56.12% of the stock is currently owned by institutional investors and hedge funds.

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Amazon.com Company Profile (NASDAQ:AMZN)

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 vendors, as well as those offered by third-party sellers through physical stores and retail Websites, such as amazon.com, amazon.ca, amazon.com.mx, amazon.com.au, amazon.com.br, amazon.cn, amazon.fr, amazon.de, amazon.in, amazon.it, amazon.co.jp, amazon.nl, amazon.es, and amazon.co.uk.

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