Amazon.com Inc. (NASDAQ:AMZN) CEO Andrew R. Jassy sold 14,000 shares of the company’s stock in a transaction that occurred on Thursday, September 22nd. The shares were sold at an average price of $800.00, for a total value of $11,200,000.00. Following the transaction, the chief executive officer now directly owns 68,141 shares of the company’s stock, valued at $54,512,800. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.
Shares of Amazon.com Inc. (NASDAQ:AMZN) opened at 805.75 on Friday. The firm has a 50-day moving average of $771.59 and a 200-day moving average of $699.21. Amazon.com Inc. has a 12-month low of $474.00 and a 12-month high of $807.75. The company has a market cap of $381.98 billion, a P/E ratio of 200.39 and a beta of 1.11.
Amazon.com (NASDAQ:AMZN) last released its quarterly earnings data on Thursday, July 28th. The e-commerce giant reported $1.78 earnings per share for the quarter, beating analysts’ consensus estimates of $1.11 by $0.67. Amazon.com had a net margin of 1.60% and a return on equity of 13.52%. The firm had revenue of $30.40 billion for the quarter, compared to analyst estimates of $29.54 billion. During the same period last year, the firm earned $0.19 earnings per share. The business’s quarterly revenue was up 31.1% compared to the same quarter last year. Analysts predict that Amazon.com Inc. will post $5.80 EPS for the current year.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Pathstone Family Office LLC raised its position in Amazon.com by 92.1% in the second quarter. Pathstone Family Office LLC now owns 146 shares of the e-commerce giant’s stock worth $105,000 after buying an additional 70 shares during the last quarter. Kistler Tiffany Companies LLC raised its position in Amazon.com by 906.7% in the second quarter. Kistler Tiffany Companies LLC now owns 151 shares of the e-commerce giant’s stock worth $108,000 after buying an additional 136 shares during the last quarter. Kings Point Capital Management purchased a new position in Amazon.com during the second quarter worth $109,000. Krilogy Financial LLC raised its position in Amazon.com by 157.1% in the second quarter. Krilogy Financial LLC now owns 198 shares of the e-commerce giant’s stock worth $142,000 after buying an additional 121 shares during the last quarter. Finally, West Oak Capital LLC raised its position in Amazon.com by 105.7% in the second quarter. West Oak Capital LLC now owns 216 shares of the e-commerce giant’s stock worth $155,000 after buying an additional 111 shares during the last quarter. 65.44% of the stock is currently owned by hedge funds and other institutional investors.
AMZN has been the subject of several recent research reports. Needham & Company LLC reaffirmed a “hold” rating on shares of Amazon.com in a report on Monday, June 27th. Oppenheimer Holdings Inc. increased their price objective on Amazon.com from $780.00 to $930.00 and gave the stock a “buy” rating in a report on Tuesday, June 7th. Piper Jaffray Cos. reissued a “buy” rating and issued a $800.00 price objective on shares of Amazon.com in a report on Sunday, July 31st. Raymond James Financial Inc. reissued a “buy” rating and issued a $770.00 price objective on shares of Amazon.com in a report on Wednesday, June 8th. Finally, Pacific Crest reissued a “buy” rating and issued a $820.00 price objective on shares of Amazon.com in a report on Friday, July 15th. Six research analysts have rated the stock with a hold rating and forty-five have issued a buy rating to the company. Amazon.com has an average rating of “Buy” and an average target price of $868.97.
Amazon.com, Inc offers a range of products and services through its Websites. The Company’s products include merchandise and content that it purchases for resale from vendors and those offered by third-party sellers. The Company has three segments: North America, International and Amazon Web Services (AWS).
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