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Amazon.com (NASDAQ:AMZN) CFO Thomas J. Szkutak unloaded 3,404 shares of Amazon.com stock in a transaction that occurred on Tuesday, February 18th. The stock was sold at an average price of $352.28, for a total transaction of $1,199,161.12. Following the completion of the transaction, the chief financial officer now directly owns 46,827 shares of the company’s stock, valued at approximately $16,496,216. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.

AMZN has been the subject of a number of recent research reports. Analysts at Sanford C. Bernstein reiterated an “outperform” rating on shares of Amazon.com in a research note on Friday, February 14th. Separately, analysts at UBS AG downgraded shares of Amazon.com from a “buy” rating to a “neutral” rating in a research note on Wednesday, February 12th. They now have a $375.00 price target on the stock, down previously from $450.00. They noted that the move was a valuation call. Finally, analysts at Zacks reiterated an “outperform” rating on shares of Amazon.com in a research note on Tuesday, February 4th. They now have a $484.00 price target on the stock. Two analysts have rated the stock with a sell rating, seven have given a hold rating, twenty-four have given a buy rating and one has issued a strong buy rating to the company. The stock presently has a consensus rating of “Buy” and an average target price of $415.00.

Shares of Amazon.com (NASDAQ:AMZN) opened at 347.38 on Thursday. Amazon.com has a 1-year low of $245.75 and a 1-year high of $408.06. The stock’s 50-day moving average is $379.8 and its 200-day moving average is $346.2. The company has a market cap of $159.5 billion and a P/E ratio of 599.41.

Amazon.com (NASDAQ:AMZN) last issued its quarterly earnings data on Thursday, January 30th. The company reported $0.51 EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.67 by $0.16. The company had revenue of $25.59 billion for the quarter, compared to the consensus estimate of $26.06 billion. Analysts expect that Amazon.com will post $1.91 EPS for the current fiscal year.

Amazon.com, Inc (NASDAQ:AMZN) serves consumers through its retail websites and focus on selection, price, and convenience.

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