Amazon.com, Inc. (NASDAQ:AMZN) CEO Jeffrey P. Bezos sold 1,000,000 shares of the firm’s stock in a transaction that occurred on Friday, November 3rd. The stock was sold at an average price of $1,097.80, for a total transaction of $1,097,800,000.00. Following the completion of the transaction, the chief executive officer now directly owns 79,891,433 shares of the company’s stock, valued at approximately $87,704,815,147.40. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website.

Shares of Amazon.com, Inc. (AMZN) traded down $11.06 on Friday, reaching $1,094.22. 3,658,748 shares of the company traded hands, compared to its average volume of 3,995,419. The firm has a market cap of $527.27 billion, a price-to-earnings ratio of 277.72 and a beta of 1.45.

Amazon.com (NASDAQ:AMZN) last announced its earnings results on Thursday, October 26th. The e-commerce giant reported $0.52 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $1.09 by ($0.57). Amazon.com had a return on equity of 8.67% and a net margin of 1.20%. The business had revenue of $43.74 billion for the quarter, compared to analyst estimates of $42.26 billion. During the same quarter in the previous year, the company posted $0.52 EPS. The business’s revenue for the quarter was up 33.7% compared to the same quarter last year. equities research analysts anticipate that Amazon.com, Inc. will post 4.2 earnings per share for the current year.

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A number of research firms recently commented on AMZN. Royal Bank Of Canada reaffirmed a “buy” rating and issued a $1,200.00 price objective (up previously from $1,100.00) on shares of Amazon.com in a research note on Friday, October 27th. Jefferies Group LLC reaffirmed a “buy” rating and issued a $70.67 price objective (down previously from $1,350.00) on shares of Amazon.com in a research note on Friday, October 27th. Needham & Company LLC reaffirmed a “buy” rating and issued a $1,250.00 price objective (up previously from $1,150.00) on shares of Amazon.com in a research note on Friday, October 27th. Cantor Fitzgerald reaffirmed a “buy” rating on shares of Amazon.com in a research note on Monday. Finally, SunTrust Banks, Inc. reaffirmed a “buy” rating and issued a $1,270.00 price objective (up previously from $1,190.00) on shares of Amazon.com in a research note on Friday, October 27th. Five analysts have rated the stock with a hold rating and forty-nine have issued a buy rating to the stock. The company presently has an average rating of “Buy” and an average target price of $1,142.08.

Institutional investors and hedge funds have recently made changes to their positions in the stock. Whitnell & Co. lifted its stake in Amazon.com by 581.3% in the third quarter. Whitnell & Co. now owns 109 shares of the e-commerce giant’s stock valued at $105,000 after acquiring an additional 93 shares during the last quarter. Vestor Capital LLC lifted its stake in Amazon.com by 10.1% in the second quarter. Vestor Capital LLC now owns 109 shares of the e-commerce giant’s stock valued at $106,000 after acquiring an additional 10 shares during the last quarter. Clear Investment Research LLC lifted its stake in Amazon.com by 73,100.0% in the second quarter. Clear Investment Research LLC now owns 732 shares of the e-commerce giant’s stock valued at $107,000 after acquiring an additional 731 shares during the last quarter. WealthTrust Arizona LLC lifted its stake in Amazon.com by 2.7% in the second quarter. WealthTrust Arizona LLC now owns 114 shares of the e-commerce giant’s stock valued at $110,000 after acquiring an additional 3 shares during the last quarter. Finally, LeJeune Puetz Investment Counsel LLC acquired a new stake in Amazon.com in the second quarter valued at $116,000. Institutional investors and hedge funds own 60.77% of the company’s stock.

Amazon.com Company Profile

Amazon.com, Inc offers a range of products and services through its Websites. The Company operates through three segments: North America, International and Amazon Web Services (AWS). The Company’s products include merchandise and content that it purchases for resale from vendors and those offered by third-party sellers.

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

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