Amazon.com, Inc. (NASDAQ:AMZN) CEO Jeffrey A. Wilke sold 2,000 shares of Amazon.com stock in a transaction that occurred on Wednesday, September 5th. The shares were sold at an average price of $2,004.25, for a total transaction of $4,008,500.00. Following the sale, the chief executive officer now directly owns 10,000 shares of the company’s stock, valued at approximately $20,042,500. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.
NASDAQ AMZN traded down $6.24 on Friday, hitting $1,952.07. The stock had a trading volume of 4,858,200 shares, compared to its average volume of 5,043,607. The company has a current ratio of 1.07, a quick ratio of 0.78 and a debt-to-equity ratio of 0.70. Amazon.com, Inc. has a 52-week low of $931.75 and a 52-week high of $2,050.50. The firm has a market capitalization of $972.96 billion, a P/E ratio of 428.99, a P/E/G ratio of 4.26 and a beta of 1.60.
Amazon.com (NASDAQ:AMZN) last released its quarterly earnings results on Thursday, July 26th. The e-commerce giant reported $5.07 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $2.49 by $2.58. Amazon.com had a net margin of 3.02% and a return on equity of 18.47%. The business had revenue of $52.89 billion for the quarter, compared to analyst estimates of $53.37 billion. During the same period in the previous year, the company earned $0.40 earnings per share. The business’s revenue for the quarter was up 39.3% on a year-over-year basis. sell-side analysts predict that Amazon.com, Inc. will post 17.69 earnings per share for the current fiscal year.
Several research firms have recently weighed in on AMZN. Piper Jaffray Companies reaffirmed an “overweight” rating and set a $2,100.00 price target (up previously from $2,075.00) on shares of Amazon.com in a research note on Friday, July 27th. Macquarie reaffirmed a “buy” rating on shares of Amazon.com in a research note on Wednesday, August 15th. Jefferies Financial Group reaffirmed a “buy” rating on shares of Amazon.com in a research note on Thursday, August 23rd. Canaccord Genuity reaffirmed a “buy” rating and set a $2,000.00 price target (up previously from $1,800.00) on shares of Amazon.com in a research note on Thursday, July 12th. Finally, BidaskClub raised shares of Amazon.com from a “buy” rating to a “strong-buy” rating in a research note on Tuesday, July 17th. Two investment analysts have rated the stock with a hold rating, forty-nine have given a buy rating and one has assigned a strong buy rating to the company. The stock has a consensus rating of “Buy” and a consensus price target of $1,963.87.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Wallington Asset Management LLC grew its holdings in shares of Amazon.com by 6.8% during the fourth quarter. Wallington Asset Management LLC now owns 2,498 shares of the e-commerce giant’s stock valued at $2,921,000 after buying an additional 160 shares during the last quarter. Retirement Income Solutions Inc purchased a new stake in shares of Amazon.com during the fourth quarter valued at $1,553,000. SFE Investment Counsel grew its holdings in shares of Amazon.com by 42.1% during the fourth quarter. SFE Investment Counsel now owns 2,133 shares of the e-commerce giant’s stock valued at $2,494,000 after buying an additional 632 shares during the last quarter. Nicollet Investment Management Inc. purchased a new stake in shares of Amazon.com during the fourth quarter valued at $7,520,000. Finally, AE Wealth Management LLC grew its holdings in shares of Amazon.com by 85.3% during the fourth quarter. AE Wealth Management LLC now owns 3,323 shares of the e-commerce giant’s stock valued at $3,886,000 after buying an additional 1,530 shares during the last quarter. 57.38% of the stock is currently owned by institutional investors and hedge funds.
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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