Amazon.com Inc. (NASDAQ:AMZN) CEO Andrew R. Jassy sold 14,000 shares of the business’s stock in a transaction 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 completion of the sale, the chief executive officer now owns 68,141 shares of the company’s stock, valued at $54,512,800. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website.
Amazon.com Inc. (NASDAQ:AMZN) opened at 805.75 on Friday. The company has a 50-day moving average price of $771.59 and a 200-day moving average price of $699.21. The company has a market capitalization of $381.98 billion, a PE ratio of 200.39 and a beta of 1.11. Amazon.com Inc. has a one year low of $474.00 and a one year high of $807.75.
Amazon.com (NASDAQ:AMZN) last issued its quarterly earnings data on Thursday, July 28th. The e-commerce giant reported $1.78 EPS for the quarter, topping analysts’ consensus estimates of $1.11 by $0.67. The company earned $30.40 billion during the quarter, compared to the consensus estimate of $29.54 billion. Amazon.com had a net margin of 1.60% and a return on equity of 13.52%. Amazon.com’s revenue for the quarter was up 31.1% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.19 earnings per share. Analysts expect that Amazon.com Inc. will post $5.80 earnings per share for the current fiscal year.
Institutional investors have recently modified their holdings of the company. Pathstone Family Office LLC increased its position in shares of 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 period. 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 valued at $108,000 after buying an additional 136 shares in the last quarter. Kings Point Capital Management purchased a new position in Amazon.com during the second quarter valued at about $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 valued at $142,000 after buying an additional 121 shares in 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 valued at $155,000 after buying an additional 111 shares in the last quarter. 65.44% of the stock is owned by institutional investors.
A number of research firms have recently weighed in on AMZN. Jefferies Group reiterated a “buy” rating and set a $865.00 target price on shares of Amazon.com in a research report on Monday, June 27th. Zacks Investment Research upgraded Amazon.com from a “hold” rating to a “buy” rating and set a $774.00 target price for the company in a research report on Tuesday, June 28th. Royal Bank Of Canada cut their target price on Amazon.com from $1,000.00 to $840.00 and set an “outperform” rating for the company in a research report on Friday, September 16th. William Blair began coverage on Amazon.com in a research report on Friday, June 10th. They set an “outperform” rating for the company. Finally, Cantor Fitzgerald reiterated a “buy” rating and set a $800.00 target price on shares of Amazon.com in a research report on Friday, May 27th. Six investment analysts have rated the stock with a hold rating and forty-five have assigned a buy rating to the company. The company has a consensus rating of “Buy” and an average price target 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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