Amazon.com (NASDAQ:AMZN) CEO Jeffrey A. Wilke sold 1,645 shares of Amazon.com stock in a transaction dated Friday, May 18th. The stock was sold at an average price of $1,576.15, for a total transaction of $2,592,766.75. Following the transaction, the chief executive officer now directly owns 10,000 shares in the company, valued at $15,761,500. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.
Shares of AMZN stock traded up $19.00 during mid-day trading on Thursday, reaching $1,723.86. 3,172,278 shares of the company were exchanged, compared to its average volume of 5,269,002. Amazon.com has a fifty-two week low of $931.75 and a fifty-two week high of $1,724.80. The company has a current ratio of 1.06, a quick ratio of 0.77 and a debt-to-equity ratio of 0.78. The company has a market capitalization of $819.61 billion, a P/E ratio of 378.87, a PEG ratio of 4.39 and a beta of 1.59.
Amazon.com (NASDAQ:AMZN) last posted its earnings results on Thursday, April 26th. The e-commerce giant reported $3.27 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.80 by $1.47. Amazon.com had a return on equity of 11.77% and a net margin of 2.04%. The firm had revenue of $51.04 billion during the quarter, compared to analyst estimates of $49.94 billion. During the same period in the previous year, the company earned $1.48 EPS. The company’s revenue for the quarter was up 42.9% on a year-over-year basis. research analysts predict that Amazon.com will post 12.73 EPS for the current year.
AMZN has been the subject of several research reports. Citigroup upped their price target on shares of Amazon.com to $1,900.00 and gave the company a “buy” rating in a research report on Friday, April 27th. Cascend Securities assumed coverage on Amazon.com in a research note on Friday, May 4th. They issued a “buy” rating and a $1,800.00 target price on the stock. Credit Suisse Group reiterated an “outperform” rating and set a $1,950.00 price target (up from $1,800.00) on shares of Amazon.com in a report on Friday, April 27th. Wells Fargo & Co reiterated a “buy” rating on shares of Amazon.com in a report on Friday, May 4th. Finally, Stifel Nicolaus restated a “buy” rating and issued a $2,020.00 price target (up from $1,800.00) on shares of Amazon.com in a report on Monday, April 23rd. Two equities research analysts have rated the stock with a hold rating, fifty-two have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Amazon.com has a consensus rating of “Buy” and a consensus target price of $1,715.55.
Large investors have recently added to or reduced their stakes in the business. Dynamic Technology Lab Private Ltd acquired a new position in Amazon.com in the 1st quarter valued at $290,000. Rikoon Group LLC increased its stake in shares of Amazon.com by 10.9% in the 1st quarter. Rikoon Group LLC now owns 2,097 shares of the e-commerce giant’s stock valued at $2,877,000 after purchasing an additional 206 shares during the last quarter. Private Vista LLC increased its stake in shares of Amazon.com by 47.0% in the 1st quarter. Private Vista LLC now owns 794 shares of the e-commerce giant’s stock valued at $1,149,000 after purchasing an additional 254 shares during the last quarter. Altium Wealth Management LLC increased its stake in shares of Amazon.com by 21.2% in the 1st quarter. Altium Wealth Management LLC now owns 1,121 shares of the e-commerce giant’s stock valued at $1,623,000 after purchasing an additional 196 shares during the last quarter. Finally, WealthTrust Fairport LLC increased its stake in shares of Amazon.com by 5.7% in the 1st quarter. WealthTrust Fairport LLC now owns 7,612 shares of the e-commerce giant’s stock valued at $11,017,000 after purchasing an additional 411 shares during the last quarter. 56.76% of the stock is currently owned by hedge funds and other institutional investors.
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 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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