Insider Selling: Amazon.com, Inc. (NASDAQ:AMZN) CEO Sells 1,000 Shares of Stock
Amazon.com, Inc. (NASDAQ:AMZN) CEO Jeffrey A. Wilke sold 1,000 shares of the stock in a transaction on Tuesday, August 20th. The stock was sold at an average price of $1,809.20, for a total transaction of $1,809,200.00. Following the sale, the chief executive officer now directly owns 10,000 shares of the company’s stock, valued at approximately $18,092,000. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.
Shares of NASDAQ AMZN traded down $17.94 during mid-day trading on Thursday, reaching $1,805.60. 2,514,069 shares of the company were exchanged, compared to its average volume of 4,341,422. The company’s 50-day simple moving average is $1,896.37 and its 200-day simple moving average is $1,818.73. The company has a quick ratio of 0.84, a current ratio of 1.10 and a debt-to-equity ratio of 0.44. The stock has a market capitalization of $898.35 billion, a P/E ratio of 89.65, a P/E/G ratio of 2.30 and a beta of 1.55. Amazon.com, Inc. has a twelve month low of $1,307.00 and a twelve month high of $2,050.50.
Amazon.com (NASDAQ:AMZN) last posted 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 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 quarterly revenue was up 19.9% compared to the same quarter last year. During the same quarter in the prior year, the business posted $5.07 EPS. As a group, equities research analysts expect that Amazon.com, Inc. will post 24.52 EPS for the current year.
Several equities research analysts have recently issued reports on AMZN shares. Bank of America reissued a “buy” rating and set a $2,350.00 price objective (up previously from $2,300.00) on shares of Amazon.com in a research report on Friday, July 26th. Zacks Investment Research downgraded shares of Amazon.com from a “buy” rating to a “hold” rating in a research report on Monday, April 29th. Deutsche Bank raised 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 report on Monday, July 22nd. JPMorgan Chase & Co. reaffirmed a “buy” rating on shares of Amazon.com in a research report on Monday, July 29th. Finally, BidaskClub downgraded shares of Amazon.com from a “hold” rating to a “sell” rating in a research report on Wednesday, August 14th. One analyst has rated the stock with a sell rating, two have issued a hold rating and forty-two have issued a buy rating to the stock. The company presently 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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