Amazon.com, Inc. (NASDAQ:AMZN) Director Tom A. Alberg sold 670 shares of Amazon.com stock in a transaction dated Friday, May 5th. The stock was sold at an average price of $940.45, for a total value of $630,101.50. Following the completion of the sale, the director now owns 21,855 shares of the company’s stock, valued at $20,553,534.75. The transaction was disclosed in a document filed with the SEC, which is accessible through this link.
Amazon.com (NASDAQ:AMZN) last posted its quarterly earnings data on Thursday, April 27th. The e-commerce giant reported $1.48 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.03 by $0.45. The firm had revenue of $35.71 billion during the quarter, compared to the consensus estimate of $35.31 billion. Amazon.com had a return on equity of 13.87% and a net margin of 1.74%. The firm’s revenue was up 22.6% compared to the same quarter last year. During the same period in the prior year, the business earned $1.07 EPS.
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Several equities research analysts recently commented on the company. Loop Capital reiterated a “buy” rating and issued a $1,100.00 price objective on shares of Amazon.com in a report on Friday. Robert W. Baird reiterated an “outperform” rating and issued a $1,100.00 price objective on shares of Amazon.com in a report on Friday. Vetr downgraded Amazon.com from a “buy” rating to a “hold” rating and set a $1,000.35 price objective for the company. in a report on Tuesday. Oppenheimer Holdings Inc. reiterated a “buy” rating and issued a $1,100.00 price objective (up from $970.00) on shares of Amazon.com in a report on Monday, May 15th. Finally, MKM Partners restated a “buy” rating and set a $1,095.00 price target (up from $995.00) on shares of Amazon.com in a research note on Monday, May 8th. Five investment analysts have rated the stock with a hold rating and forty-five have assigned a buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus target price of $1,007.86.
Hedge funds have recently bought and sold shares of the stock. Baltimore Washington Financial Advisors Inc. bought a new stake in Amazon.com during the fourth quarter valued at approximately $23,951,000. OLD Second National Bank of Aurora increased its stake in Amazon.com by 15.0% in the first quarter. OLD Second National Bank of Aurora now owns 115 shares of the e-commerce giant’s stock valued at $102,000 after buying an additional 15 shares in the last quarter. Bartlett & Co. LLC increased its stake in Amazon.com by 7.1% in the third quarter. Bartlett & Co. LLC now owns 120 shares of the e-commerce giant’s stock valued at $100,000 after buying an additional 8 shares in the last quarter. Patriot Financial Group Insurance Agency LLC increased its stake in Amazon.com by 46.5% in the first quarter. Patriot Financial Group Insurance Agency LLC now owns 126 shares of the e-commerce giant’s stock valued at $115,000 after buying an additional 40 shares in the last quarter. Finally, Jacobus Wealth Management Inc. bought a new stake in Amazon.com during the first quarter valued at approximately $113,000. 65.08% of the stock is owned by hedge funds and other institutional investors.
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 North America segment consists of retail sales of consumer products (including from sellers) and subscriptions through North America-focused Websites, such as www.amazon.com, www.amazon.ca and www.amazon.com.mx.
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