Amazon.com, Inc. (NASDAQ:AMZN) VP Shelley Reynolds sold 379 shares of the stock in a transaction that occurred on Thursday, August 15th. The shares were sold at an average price of $1,775.43, for a total transaction of $672,887.97. Following the sale, the vice president now directly owns 6,307 shares of the company’s stock, valued at $11,197,637.01. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.
Shares of Amazon.com stock traded up $23.55 during mid-day trading on Monday, reaching $1,816.12. 2,816,041 shares of the stock were exchanged, compared to its average volume of 4,381,649. The company has a market cap of $878.57 billion, a price-to-earnings ratio of 90.17, a price-to-earnings-growth ratio of 2.25 and a beta of 1.55. The company has a current ratio of 1.10, a quick ratio of 0.84 and a debt-to-equity ratio of 0.44. The firm has a 50-day simple moving average of $1,903.00 and a 200 day simple moving average of $1,816.37. Amazon.com, Inc. has a fifty-two week low of $1,307.00 and a fifty-two week high of $2,050.50.
Amazon.com (NASDAQ:AMZN) last announced its earnings results on Thursday, July 25th. The e-commerce giant reported $5.22 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $5.29 by ($0.07). The firm had revenue of $63.40 billion for the quarter, compared to analyst estimates of $62.59 billion. Amazon.com had a return on equity of 26.27% and a net margin of 4.80%. The company’s revenue for the quarter was up 19.9% compared to the same quarter last year. During the same quarter last year, the business earned $5.07 EPS. On average, research analysts predict that Amazon.com, Inc. will post 24.52 EPS for the current fiscal year.
Several institutional investors have recently made changes to their positions in AMZN. Thoroughbred Financial Services LLC boosted its stake in Amazon.com by 191,406.0% during the 2nd quarter. Thoroughbred Financial Services LLC now owns 9,307,191 shares of the e-commerce giant’s stock worth $930,719,000 after acquiring an additional 9,302,331 shares during the last quarter. Nuveen Asset Management LLC boosted its stake in Amazon.com by 3,787.4% during the 2nd quarter. Nuveen Asset Management LLC now owns 3,590,645 shares of the e-commerce giant’s stock worth $6,799,352,000 after acquiring an additional 3,498,279 shares during the last quarter. Viking Global Investors LP boosted its stake in Amazon.com by 157.6% during the 2nd quarter. Viking Global Investors LP now owns 802,837 shares of the e-commerce giant’s stock worth $1,520,276,000 after acquiring an additional 491,118 shares during the last quarter. Investec Asset Management LTD boosted its stake in Amazon.com by 186.8% during the 2nd quarter. Investec Asset Management LTD now owns 648,507 shares of the e-commerce giant’s stock worth $430,045,000 after acquiring an additional 422,352 shares during the last quarter. Finally, BlackRock Inc. boosted its stake in Amazon.com by 1.6% during the 2nd quarter. BlackRock Inc. now owns 26,082,028 shares of the e-commerce giant’s stock worth $49,389,711,000 after acquiring an additional 415,448 shares during the last quarter. Institutional investors and hedge funds own 57.26% of the company’s stock.
AMZN has been the subject of several recent research reports. Deutsche Bank increased their target price on shares of Amazon.com from $2,315.00 to $2,515.00 and gave the company a “buy” rating in a research note on Monday, July 22nd. Robert W. Baird set a $2,150.00 price target on shares of Amazon.com and gave the company an “outperform” rating in a report on Friday, July 26th. Zacks Investment Research lowered shares of Amazon.com from a “buy” rating to a “hold” rating in a report on Monday, April 29th. William Blair restated an “outperform” rating on shares of Amazon.com in a report on Friday, July 26th. Finally, Morgan Stanley restated an “overweight” rating and set a $2,300.00 price target (up previously from $2,100.00) on shares of Amazon.com in a report on Monday, July 15th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and forty-two have given a buy rating to the company. The stock has a consensus rating of “Buy” and an average price target of $2,251.95.
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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