Amazon.com, Inc. (NASDAQ: AMZN) CEO Douglas J. Harrington sold 15,787 shares of Amazon.com stock on Tuesday, November 15. The stock was sold at an average price of $103.10, for a total transaction of $1,627,639.70. Following the transaction, the chief executive officer now owns 522,251 shares in the company, valued at approximately $53,844,078.10. The sale was disclosed in a filing with the SEC, which is available via this hyperlink.
Amazon.com Price Display
NASDAQ shares: AMZN opened Friday at $94.14. The company has a quick ratio of 0.68, current ratio of 0.94 and debt-to-equity ratio of 0.43. Amazon.com, Inc. The 12-month low was $85.87 and the 12-month high was $188.11. The 50-day moving average of the stock is $110.68 and its 200-day moving average is $117.19. The firm has a market capitalization of $960.38 billion, a price-to-earnings ratio of 86.41, a PEG ratio of 7.71, and a beta of 1.23.
Amazon.com (NASDAQ: AMZN – GET Rating) last announced its quarterly earnings results on Thursday, October 27. The e-commerce giant reported earnings per share (EPS) of $0.28 for the quarter, topping the consensus estimate of $0.22 to $0.06. Amazon.com’s return on equity was 14.44% and net margin was 2.25%. The business had revenue of $127.10 billion during the quarter, compared to consensus estimates of $127.47 billion. During the same quarter last year, the company posted earnings per share of $0.31. Amazon.com’s revenue was up 14.7% compared to the same quarter last year. Sell-side analysts estimate that Amazon.com, Inc. Will post 0.62 EPS for the current fiscal.
Wall Street analysts forecast growth
Several research analysts have weighed in on the stock recently. Mizuho cut its price target on shares of Amazon.com from $155.00 to $135.00 and set a “Buy” rating on the stock in a research note on Friday, October 28. Itau Unibanco assumed coverage on shares of Amazon.com in a report on Tuesday, July 26. He issued an “Outperform” rating and $146.00 price target on the stock. Wolfe Research reduced its price target on shares of Amazon.com from $150.00 to $130.00 and set an “outperform” rating on the stock in a report on Friday, October 28. Bank of America cut its price objective on Amazon.com from $157.00 to $137.00 and set a “Buy” rating on the stock in a research report on Friday, October 28. Finally, Cowen reduced its price objective on Amazon.com from $195.00 to $150.00 and set an “outperform” rating on the stock in a research report on Friday, October 28. Two equity research analysts have rated the company’s stock with a Sell rating, three have issued a Hold rating and forty-two have issued a Buy rating on the company’s stock. Amazon.com has a consensus rating of “Moderate Buy” and a consensus price target of $150.89, based on data from MarketBeat.
Institutional investors weigh in on Amazon.com
Institutional investors have bought and sold shares of the stock recently. Sevier LLC increased its stake in Amazon.com to 1,085.0% in the second quarter. Sevier LLC now owns 237 shares of the e-commerce giant’s stock, valued at $25,000, after purchasing an additional 217 shares during the period. Rocky Mountain Advisors LLC increased its holding in shares of Amazon.com by 1,311.8% during the second quarter. Rocky Mountain Advisors LLC now owns 240 shares of the e-commerce giant’s stock worth $25,000 after acquiring an additional 223 shares during the period. Iron Horse Wealth Management LLC increased its holding in shares of Amazon.com to 4,540.0% during the second quarter. Iron Horse Wealth Management LLC now owns 232 shares of the e-commerce giant’s stock worth $25,000 after acquiring an additional 227 shares during the period. Wells Financial Advisors Inc increased its holding in shares of Amazon.com by 1,900.0% during the second quarter. Wells Financial Advisors Inc now owns 280 shares of the e-commerce giant’s stock worth $30,000 after acquiring an additional 266 shares during the period. Finally, Maryland Capital Advisors Inc. raised its stake in shares of Amazon.com by 1,900.0% during the second quarter. After acquiring an additional 285 shares during this period, Maryland Capital Advisors Inc. now owns 300 shares of the e-commerce giant’s stock worth $32,000. Institutional investors hold 57.15% of the company’s stock.
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). It sells merchandise and content purchased for resale from third-party sellers through physical and online stores.
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