Daniel P. Huttenlocher Sells 1,237 Shares of Amazon.com, Inc. (NASDAQ:AMZN) Stock

Amazon.com, Inc. (NASDAQ:AMZN) Director Daniel P. Huttenlocher sold 1,237 shares of the business's stock in a transaction dated Tuesday, November 19th. The stock was sold at an average price of $199.06, for a total transaction of $246,237.22. Following the completion of the sale, the director now directly owns 24,912 shares of the company's stock, valued at $4,958,982.72. The trade was a 4.73 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink.

Amazon.com Price Performance

Shares of Amazon.com stock traded up $2.91 during trading on Tuesday, reaching $204.61. The company's stock had a trading volume of 30,921,727 shares, compared to its average volume of 41,560,453. Amazon.com, Inc. has a one year low of $141.50 and a one year high of $215.90. The stock has a 50-day moving average price of $191.69 and a two-hundred day moving average price of $185.93. The company has a current ratio of 1.09, a quick ratio of 0.87 and a debt-to-equity ratio of 0.21. The stock has a market capitalization of $2.15 trillion, a P/E ratio of 43.81, a price-to-earnings-growth ratio of 1.36 and a beta of 1.14.

Amazon.com (NASDAQ:AMZN - Get Free Report) last issued its quarterly earnings results on Thursday, October 31st. The e-commerce giant reported $1.43 earnings per share for the quarter, beating analysts' consensus estimates of $1.14 by $0.29. The business had revenue of $158.88 billion during the quarter, compared to analyst estimates of $157.28 billion. Amazon.com had a net margin of 8.04% and a return on equity of 22.41%. Amazon.com's revenue for the quarter was up 11.0% compared to the same quarter last year. During the same quarter last year, the business posted $0.85 earnings per share. As a group, sell-side analysts anticipate that Amazon.com, Inc. will post 5.27 EPS for the current fiscal year.

Institutional Trading of Amazon.com

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Unigestion Holding SA boosted its stake in shares of Amazon.com by 17.4% in the 3rd quarter. Unigestion Holding SA now owns 19,784 shares of the e-commerce giant's stock valued at $3,686,000 after purchasing an additional 2,928 shares during the last quarter. Second Line Capital LLC boosted its stake in Amazon.com by 141.1% in the third quarter. Second Line Capital LLC now owns 20,523 shares of the e-commerce giant's stock valued at $3,824,000 after acquiring an additional 12,011 shares during the last quarter. TCW Group Inc. grew its holdings in Amazon.com by 2.0% during the 3rd quarter. TCW Group Inc. now owns 2,358,623 shares of the e-commerce giant's stock worth $439,482,000 after acquiring an additional 46,277 shares during the period. Hohimer Wealth Management LLC raised its position in shares of Amazon.com by 0.5% during the 3rd quarter. Hohimer Wealth Management LLC now owns 37,417 shares of the e-commerce giant's stock valued at $6,972,000 after acquiring an additional 188 shares during the last quarter. Finally, Soltis Investment Advisors LLC lifted its stake in shares of Amazon.com by 2.1% in the 3rd quarter. Soltis Investment Advisors LLC now owns 122,716 shares of the e-commerce giant's stock valued at $22,866,000 after purchasing an additional 2,570 shares during the period. 72.20% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several analysts have issued reports on the company. Sanford C. Bernstein upped their price objective on Amazon.com from $225.00 to $235.00 and gave the company an "outperform" rating in a research note on Friday, November 1st. Wedbush raised their price objective on Amazon.com from $225.00 to $250.00 and gave the stock an "outperform" rating in a research note on Friday, November 1st. Truist Financial boosted their target price on shares of Amazon.com from $265.00 to $270.00 and gave the company a "buy" rating in a research note on Friday, November 1st. Piper Sandler raised their price target on shares of Amazon.com from $215.00 to $225.00 and gave the stock an "overweight" rating in a research report on Friday, November 1st. Finally, Susquehanna boosted their price objective on shares of Amazon.com from $220.00 to $230.00 and gave the company a "positive" rating in a research report on Friday, November 1st. Two equities research analysts have rated the stock with a hold rating, forty have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, Amazon.com presently has a consensus rating of "Moderate Buy" and an average target price of $235.45.

About Amazon.com

Amazon.com, Inc engages in the retail sale of consumer products, advertising, and subscriptions service through online and physical stores in North America and internationally. The company operates through three segments: North America, International, and Amazon Web Services (AWS). It also manufactures and sells electronic devices, including Kindle, Fire tablets, Fire TVs, Echo, Ring, Blink, and eero; and develops and produces media content.

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