Amazon.com, Inc. (NASDAQ:AMZN) CEO Andrew R. Jassy sold 7,308 shares of the business’s stock in a transaction dated Wednesday, July 10th. The shares were sold at an average price of $2,000.00, for a total value of $14,616,000.00. Following the completion of the sale, the chief executive officer now directly owns 92,614 shares of the company’s stock, valued at approximately $185,228,000. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink.
Shares of Amazon.com stock traded up $9.93 during midday trading on Friday, hitting $2,011.00. The company had a trading volume of 2,307,315 shares, compared to its average volume of 4,505,185. The company has a quick ratio of 0.83, a current ratio of 1.09 and a debt-to-equity ratio of 0.48. The firm has a market cap of $993.24 billion, a PE ratio of 99.85, a P/E/G ratio of 2.30 and a beta of 1.57. The firm has a 50 day moving average price of $1,872.60. Amazon.com, Inc. has a 52-week low of $1,307.00 and a 52-week high of $2,050.50.
Amazon.com (NASDAQ:AMZN) last posted its quarterly earnings results on Thursday, April 25th. The e-commerce giant reported $7.09 earnings per share for the quarter, topping the consensus estimate of $4.61 by $2.48. The company had revenue of $59.70 billion for the quarter, compared to the consensus estimate of $59.73 billion. Amazon.com had a return on equity of 28.91% and a net margin of 4.97%. The firm’s quarterly revenue was up 17.0% compared to the same quarter last year. During the same quarter in the prior year, the business posted $3.27 EPS. As a group, equities analysts expect that Amazon.com, Inc. will post 26.55 earnings per share for the current fiscal year.
AMZN has been the subject of a number of recent research reports. Raymond James set a $33.00 target price on LKQ and gave the company a “buy” rating in a research note on Friday, April 26th. Wells Fargo & Co set a $2,100.00 price target on Amazon.com and gave the company a “buy” rating in a research report on Monday, March 18th. Stifel Nicolaus reaffirmed a “buy” rating and set a $2,300.00 price target on shares of Amazon.com in a research report on Monday, April 22nd. Evercore ISI began coverage on Polarityte in a research report on Wednesday, March 20th. They set an “outperform” rating and a $26.00 price target for the company. Finally, Aegis reaffirmed a “buy” rating and set a $2,250.00 price target (up previously from $2,225.00) on shares of Amazon.com in a research report on Friday, April 26th. Three research analysts have rated the stock with a hold rating and forty-five have assigned a buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average target price of $2,196.39.
Several institutional investors have recently bought and sold shares of the stock. Vanguard Group Inc boosted its stake in Amazon.com by 1.8% during the 3rd quarter. Vanguard Group Inc now owns 29,599,653 shares of the e-commerce giant’s stock valued at $59,288,105,000 after purchasing an additional 516,913 shares during the last quarter. Elephas Investment Management Ltd bought a new position in shares of Amazon.com during the 4th quarter valued at $182,039,000. WELLCOME TRUST LTD THE as trustee of the WELLCOME TRUST bought a new position in shares of Amazon.com during the 4th quarter valued at $180,236,000. Amundi Pioneer Asset Management Inc. lifted its holdings in shares of Amazon.com by 20.4% during the 1st quarter. Amundi Pioneer Asset Management Inc. now owns 687,487 shares of the e-commerce giant’s stock valued at $1,224,242,000 after buying an additional 116,401 shares during the period. Finally, Morgan Stanley lifted its holdings in shares of Amazon.com by 2.4% during the 3rd quarter. Morgan Stanley now owns 4,751,157 shares of the e-commerce giant’s stock valued at $9,516,567,000 after buying an additional 113,503 shares during the period. Institutional investors own 55.47% of the company’s stock.
Amazon.com Company Profile
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 third-party sellers through physical stores and online stores.
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