Insider Selling: Amazon.com CFO Sells 2,963 Shares of Stock (AMZN)
Amazon.com (NASDAQ:AMZN) CFO Thomas J. Szkutak sold 2,963 shares of Amazon.com stock on the open market in a transaction that occurred on Thursday, May 15th. The shares were sold at an average price of $295.88, for a total transaction of $876,692.44. Following the completion of the sale, the chief financial officer now directly owns 50,917 shares of the company’s stock, valued at approximately $15,065,322. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.
Amazon.com (NASDAQ:AMZN) traded up 0.85% during mid-day trading on Friday, hitting $297.70. The stock had a trading volume of 3,637,649 shares. Amazon.com has a 1-year low of $258.34 and a 1-year high of $408.06. The stock’s 50-day moving average is $314.9 and its 200-day moving average is $359.3. The company has a market cap of $137.0 billion and a price-to-earnings ratio of 460.51.
Amazon.com (NASDAQ:AMZN) last issued its quarterly earnings data on Thursday, April 24th. The company reported $0.23 EPS for the quarter, meeting the Thomson Reuters consensus estimate of $0.23. The company had revenue of $19.74 billion for the quarter, compared to the consensus estimate of $19.42 billion. During the same quarter in the prior year, the company posted $0.18 earnings per share. The company’s quarterly revenue was up 22.8% on a year-over-year basis. Analysts expect that Amazon.com will post $1.10 EPS for the current fiscal year.
A number of research firms have recently commented on AMZN. Analysts at Edward Jones initiated coverage on shares of Amazon.com in a research note on Wednesday, April 30th. They set a “buy” rating on the stock. Separately, analysts at S&P Equity Research reiterated a “sell” rating on shares of Amazon.com in a research note on Monday, April 28th. Finally, analysts at Zacks reiterated an “outperform” rating on shares of Amazon.com in a research note on Friday, April 25th. They now have a $405.00 price target on the stock. Two equities research analysts have rated the stock with a sell rating, four have issued a hold rating, twenty-seven have issued a buy rating and one has issued a strong buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus price target of $414.28.
Amazon.com, Inc (NASDAQ:AMZN) serves consumers through its retail websites and focus on selection, price, and convenience.
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