Amazon.com, Inc. (NASDAQ:AMZN) CEO Jeffrey A. Wilke Sells 2,800 Shares

Amazon.com, Inc. (NASDAQ:AMZN) CEO Jeffrey A. Wilke sold 2,800 shares of the firm’s stock in a transaction dated Thursday, September 12th. The stock was sold at an average price of $1,847.51, for a total value of $5,173,028.00. Following the completion of the sale, the chief executive officer now directly owns 10,000 shares in the company, valued at $18,475,100. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink.

Amazon.com stock traded down $31.50 during midday trading on Monday, hitting $1,807.84. 3,310,881 shares of the company were exchanged, compared to its average volume of 4,221,434. The company’s fifty day moving average price is $1,809.59 and its 200-day moving average price is $1,839.99. The company has a market cap of $911.92 billion, a PE ratio of 89.76, a price-to-earnings-growth ratio of 2.38 and a beta of 1.57. The company has a debt-to-equity ratio of 0.44, a current ratio of 1.10 and a quick ratio of 0.84. Amazon.com, Inc. has a fifty-two week low of $1,307.00 and a fifty-two week high of $2,035.80.

Amazon.com (NASDAQ:AMZN) last released its quarterly earnings results on Thursday, July 25th. The e-commerce giant reported $5.22 EPS for the quarter, missing the consensus estimate of $5.29 by ($0.07). The company 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 business’s revenue was up 19.9% on a year-over-year basis. During the same period last year, the firm posted $5.07 earnings per share. On average, analysts expect that Amazon.com, Inc. will post 24.01 EPS for the current fiscal year.

A number of institutional investors have recently added to or reduced their stakes in AMZN. River & Mercantile Asset Management LLP purchased a new stake in Amazon.com during the 2nd quarter worth approximately $17,190,000. Princeton Global Asset Management LLC increased its holdings in Amazon.com by 12.0% during the 2nd quarter. Princeton Global Asset Management LLC now owns 93 shares of the e-commerce giant’s stock worth $176,000 after purchasing an additional 10 shares during the last quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp increased its holdings in Amazon.com by 3.6% during the 2nd quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 110,704 shares of the e-commerce giant’s stock worth $209,632,000 after purchasing an additional 3,861 shares during the last quarter. Stonehage Fleming Financial Services Holdings Ltd purchased a new stake in Amazon.com during the 2nd quarter worth approximately $151,128,000. Finally, Rehmann Capital Advisory Group increased its holdings in Amazon.com by 4.7% during the 2nd quarter. Rehmann Capital Advisory Group now owns 2,808 shares of the e-commerce giant’s stock worth $5,317,000 after purchasing an additional 125 shares during the last quarter. 55.71% of the stock is currently owned by hedge funds and other institutional investors.

A number of analysts have issued reports on the company. Credit Suisse Group reissued an “outperform” rating and issued a $2,250.00 price target (up from $2,200.00) on shares of Amazon.com in a research note on Wednesday, July 24th. Mizuho reissued a “buy” rating and issued a $2,200.00 price target (up from $2,080.00) on shares of Amazon.com in a research note on Friday, July 26th. Cowen set a $2,500.00 price target on Amazon.com and gave the stock a “buy” rating in a research note on Monday, July 15th. Oppenheimer set a $2,100.00 price target on Amazon.com and gave the stock a “buy” rating in a research note on Friday, July 26th. Finally, Stifel Nicolaus reissued a “buy” rating and issued a $2,300.00 price target on shares of Amazon.com in a research note on Friday, July 26th. One 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 company presently has an average rating of “Buy” and an average price target of $2,259.84.

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.

Read More: Certificate of Deposit (CD)

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

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