Jonathan Rubinstein of Amazon.com, Inc. Sells 5,004 Shares

On November 1st, Jonathan Rubinstein, a director at Amazon.com, Inc. (NASDAQ:AMZN), sold 5,004 shares of the company's stock. The shares were sold at an average price of $199.85, which amounted to a total transaction value of $1,000,049.40. After completing this sale, Rubinstein now retains ownership of 99,396 shares in Amazon, which are valued at approximately $19,864,290.60. This recent sale reflected no change in his overall percentage of ownership in the stock. The details of this transaction were made public in a legal filing with the Securities and Exchange Commission (SEC).

Performance of Amazon.com Stock

On Tuesday, NASDAQ AMZN experienced an increase of $3.72, reaching a price of $199.50. The volume of shares traded amounted to 30,452,511, in comparison to the average volume of 41,265,875 shares. Currently, Amazon's debt-to-equity ratio stands at 0.21, while the current ratio is 1.09 and the quick ratio is 0.87. The company’s 50-day moving average price is $185.23, and the 200-day moving average price is $183.89. Presently, its market capitalisation is approximately $2.09 trillion, with a price-to-earnings ratio of 42.72, a P/E/G ratio of 1.46, and a beta of 1.14. Over the past year, Amazon's stock reached a low of $138.36 and a high of $201.20.

Latest Earnings Report

On October 31st, Amazon released its quarterly earnings data, revealing earnings per share (EPS) of $1.43 for the quarter, outperforming the consensus estimate of $1.14 by $0.29. The reported revenue for the quarter was $158.88 billion, exceeding analysts' forecasts of $157.28 billion. The company's return on equity was recorded at 22.41%, with a net margin of 8.04%. Compared to the same quarter of the previous year, Amazon's revenue increased by 11.0%, while the EPS in the prior year was $0.85. Analysts predict that Amazon.com, Inc. is likely to post an EPS of 4.98 for the current fiscal year.

Institutional Investors' Activity

Several hedge funds and institutional investors have recently adjusted their positions in Amazon's stock. Garrison Point Advisors LLC increased its stake by 0.3% during the first quarter, now holding 20,375 shares valued at $3,675,000 after acquiring an additional 55 shares. Meridian Investment Counsel Inc. expanded its investment by 1.8% in the second quarter, owning 3,076 shares worth $594,000 after a similar purchase. O'Connor Financial Group LLC raised its position by 2.2% in the third quarter, now owning 2,536 shares valued at $473,000 following an acquisition of 55 shares. Additionally, Cherrydale Wealth Management LLC boosted its stake by 0.7%, holding 7,492 shares valued at $1,396,000. In sum, institutional investors and hedge funds own approximately 72.20% of Amazon's stock.

Recent Analyst Ratings

AMZN has been the focus of multiple recent research analyses. DA Davidson reaffirmed a "buy" rating with a price target of $235.00. Oppenheimer increased its target from $220.00 to $230.00, issuing an "outperform" rating. Truist Financial raised its price objective from $265 to $270, maintaining a "buy" rating. Royal Bank of Canada also increased its target price from $215 to $225, giving the stock an "outperform" rating. According to MarketBeat, Amazon currently enjoys a consensus rating of "Moderate Buy," with an average target price of $246.48.

Company Overview

Amazon.com, Inc. engages in the retail sale of consumer products, advertising, and subscription services through online and physical stores both in North America and internationally. The company operates through three key segments: North America, International, and Amazon Web Services (AWS). In addition, Amazon manufactures and sells electronic devices such as Kindle, Fire tablets, Fire TVs, Echo, Ring, Blink, and eero, along with developing and producing media content.

Amazon, stock, transaction