Amazon.com, Inc. (AMZN) CEO Sells $1,858,250.00 in Stock

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Amazon.com, Inc. (NASDAQ:AMZN) CEO Jeffrey A. Wilke sold 1,000 shares of Amazon.com stock in a transaction on Monday, May 20th. The shares were sold at an average price of $1,858.25, for a total value of $1,858,250.00. Following the transaction, the chief executive officer now owns 10,000 shares in the company, valued at $18,582,500. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website.

Shares of Amazon.com stock opened at $1,823.28 on Friday. The firm has a market capitalization of $897.66 billion, a PE ratio of 90.53, a price-to-earnings-growth ratio of 2.11 and a beta of 1.62. The company has a quick ratio of 0.83, a current ratio of 1.09 and a debt-to-equity ratio of 0.48. Amazon.com, Inc. has a 12 month low of $1,307.00 and a 12 month high of $2,050.50.

Amazon.com (NASDAQ:AMZN) last issued its earnings results on Thursday, April 25th. The e-commerce giant reported $7.09 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $4.61 by $2.48. The business had revenue of $59.70 billion during the quarter, compared to analysts’ expectations of $59.73 billion. Amazon.com had a return on equity of 28.91% and a net margin of 4.97%. Amazon.com’s revenue was up 17.0% compared to the same quarter last year. During the same quarter last year, the firm posted $3.27 earnings per share. As a group, analysts predict that Amazon.com, Inc. will post 26.59 earnings per share for the current fiscal year.

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. HC Financial Advisors Inc. raised its holdings in Amazon.com by 22.6% during the third quarter. HC Financial Advisors Inc. now owns 315 shares of the e-commerce giant’s stock valued at $631,000 after buying an additional 58 shares in the last quarter. Exane Derivatives raised its holdings in Amazon.com by 55.9% during the third quarter. Exane Derivatives now owns 697 shares of the e-commerce giant’s stock valued at $1,396,000 after buying an additional 250 shares in the last quarter. Penn Davis Mcfarland Inc. raised its holdings in Amazon.com by 22.6% during the third quarter. Penn Davis Mcfarland Inc. now owns 179 shares of the e-commerce giant’s stock valued at $359,000 after buying an additional 33 shares in the last quarter. Blackhill Capital Inc. raised its holdings in Amazon.com by 1,000.0% during the third quarter. Blackhill Capital Inc. now owns 880 shares of the e-commerce giant’s stock valued at $1,763,000 after buying an additional 800 shares in the last quarter. Finally, Pillar Pacific Capital Management LLC raised its holdings in Amazon.com by 1.2% during the third quarter. Pillar Pacific Capital Management LLC now owns 10,891 shares of the e-commerce giant’s stock valued at $21,815,000 after buying an additional 126 shares in the last quarter. 55.33% of the stock is owned by hedge funds and other institutional investors.

Several brokerages have recently issued reports on AMZN. Oppenheimer lifted their price target on Amazon.com from $1,975.00 to $2,085.00 and gave the company an “outperform” rating in a research report on Monday, April 1st. CIBC lifted their price target on Amazon.com from $1,975.00 to $2,085.00 and gave the company an “outperform” rating in a research report on Monday, April 1st. Aegis reiterated a “buy” rating and set a $2,250.00 price target (up from $2,225.00) on shares of Amazon.com in a research report on Friday, April 26th. JPMorgan Chase & Co. raised their price objective on Amazon.com from $2,050.00 to $2,200.00 and gave the stock an “overweight” rating in a research note on Friday, April 26th. Finally, JMP Securities raised their price objective on Amazon.com from $2,050.00 to $2,275.00 and gave the stock an “outperform” rating in a research note on Monday, April 29th. Five equities research analysts have rated the stock with a hold rating and forty-three have given a buy rating to the stock. The stock presently has an average rating of “Buy” and an average price target of $2,181.89.

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

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