Amazon.com, Inc. (AMZN) Director Patricia Q. Stonesifer Sells 1,375 Shares

Amazon.com, Inc. (NASDAQ:AMZN) Director Patricia Q. Stonesifer sold 1,375 shares of the company’s stock in a transaction dated Friday, November 2nd. The stock was sold at an average price of $1,678.99, for a total transaction of $2,308,611.25. Following the transaction, the director now owns 9,127 shares in the company, valued at approximately $15,324,141.73. The sale was disclosed in a filing with the SEC, which can be accessed through this link.

Shares of NASDAQ:AMZN traded up $15.01 during mid-day trading on Tuesday, reaching $1,642.81. The stock had a trading volume of 4,004,913 shares, compared to its average volume of 5,343,856. The company has a market capitalization of $814.39 billion, a price-to-earnings ratio of 361.06, a P/E/G ratio of 3.21 and a beta of 1.70. The company has a debt-to-equity ratio of 0.63, a current ratio of 1.08 and a quick ratio of 0.80. Amazon.com, Inc. has a twelve month low of $1,115.77 and a twelve month high of $2,050.50.

Amazon.com (NASDAQ:AMZN) last announced its quarterly earnings results on Thursday, October 25th. The e-commerce giant reported $5.75 earnings per share for the quarter, beating analysts’ consensus estimates of $3.29 by $2.46. The business had revenue of $56.58 billion for the quarter, compared to the consensus estimate of $57.05 billion. Amazon.com had a net margin of 4.03% and a return on equity of 24.35%. Equities research analysts expect that Amazon.com, Inc. will post 19.24 earnings per share for the current year.

A number of research analysts have issued reports on AMZN shares. DA Davidson upped their target price on shares of Amazon.com from $2,200.00 to $2,450.00 and gave the company a “buy” rating in a research report on Wednesday, September 5th. Wells Fargo & Co restated a “buy” rating and set a $2,300.00 target price on shares of Amazon.com in a research report on Monday, October 1st. BidaskClub upgraded shares of Amazon.com from a “hold” rating to a “buy” rating in a research report on Friday, September 28th. Robert W. Baird restated a “buy” rating on shares of Amazon.com in a research report on Monday, September 3rd. Finally, Macquarie restated a “buy” rating and set a $2,200.00 target price on shares of Amazon.com in a research report on Tuesday, October 2nd. One analyst has rated the stock with a sell rating, three have given a hold rating and forty-seven have assigned a buy rating to the company. The stock has a consensus rating of “Buy” and an average target price of $2,091.53.

Hedge funds and other institutional investors have recently bought and sold shares of the stock. HC Financial Advisors Inc. bought a new position in shares of Amazon.com during the 4th quarter worth approximately $315,000. Motley Fool Asset Management LLC bought a new position in shares of Amazon.com during the 1st quarter worth approximately $28,382,000. Point View Wealth Management Inc. bought a new position in shares of Amazon.com during the 1st quarter worth approximately $239,000. Busey Trust CO bought a new position in shares of Amazon.com during the 1st quarter worth approximately $36,735,000. Finally, Security National Trust Co. grew its stake in shares of Amazon.com by 3.6% during the 1st quarter. Security National Trust Co. now owns 3,217 shares of the e-commerce giant’s stock worth $4,656,000 after acquiring an additional 112 shares in the last quarter. 56.59% of the stock is owned by institutional investors and hedge funds.

COPYRIGHT VIOLATION WARNING: “Amazon.com, Inc. (AMZN) Director Patricia Q. Stonesifer Sells 1,375 Shares” was originally reported by Dispatch Tribunal and is the sole property of of Dispatch Tribunal. If you are reading this article on another site, it was copied illegally and republished in violation of international trademark & copyright law. The original version of this article can be accessed at https://www.dispatchtribunal.com/2018/11/06/amazon-com-inc-amzn-director-patricia-q-stonesifer-sells-1375-shares.html.

About Amazon.com

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.

Featured Story: How is the discount rate different from the Federal Funds rate?

Insider Buying and Selling by Quarter for Amazon.com (NASDAQ:AMZN)

Receive News & Ratings for Amazon.com Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Amazon.com and related companies with MarketBeat.com's FREE daily email newsletter.


Leave a Reply