Insider Selling: Amazon.com, Inc. (AMZN) CEO Sells $788,925.00 in Stock

Amazon.com, Inc. (NASDAQ:AMZN) CEO Jeffrey A. Wilke sold 500 shares of the business’s stock in a transaction dated Wednesday, March 21st. The stock was sold at an average price of $1,577.85, for a total value of $788,925.00. Following the sale, the chief executive officer now owns 10,000 shares in the company, valued at $15,778,500. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.

Amazon.com stock opened at $1,495.56 on Friday. Amazon.com, Inc. has a 12-month low of $833.50 and a 12-month high of $1,617.54. The firm has a market capitalization of $724,011.06, a P/E ratio of 327.97, a PEG ratio of 6.85 and a beta of 1.54. The company has a current ratio of 1.04, a quick ratio of 0.76 and a debt-to-equity ratio of 0.89.

Amazon.com (NASDAQ:AMZN) last announced its quarterly earnings results on Thursday, February 1st. The e-commerce giant reported $2.16 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.85 by $0.31. Amazon.com had a return on equity of 9.23% and a net margin of 1.71%. The business had revenue of $60.45 billion during the quarter, compared to the consensus estimate of $59.85 billion. During the same quarter in the prior year, the company posted $1.54 earnings per share. Amazon.com’s revenue was up 38.2% compared to the same quarter last year. research analysts predict that Amazon.com, Inc. will post 8.49 EPS for the current fiscal year.

AMZN has been the topic of several research reports. DZ Bank restated a “buy” rating on shares of Amazon.com in a report on Wednesday, January 24th. Citigroup restated a “buy” rating and set a $1,400.00 price target (up from $1,250.00) on shares of Amazon.com in a report on Friday, January 5th. Vetr upgraded Amazon.com from a “sell” rating to a “hold” rating and set a $1,414.91 price target on the stock in a report on Tuesday, January 30th. Jefferies Group boosted their price target on Amazon.com from $1,450.00 to $1,750.00 and gave the stock a “buy” rating in a report on Friday, February 2nd. Finally, Credit Suisse Group boosted their price target on Amazon.com from $1,385.00 to $1,410.00 and gave the stock an “outperform” rating in a report on Monday, January 8th. Four research analysts have rated the stock with a hold rating, forty-eight have given a buy rating and two have given a strong buy rating to the company’s stock. Amazon.com has an average rating of “Buy” and an average price target of $1,477.78.

A number of institutional investors have recently made changes to their positions in AMZN. ADAMCAPITAL Gestao de Recursos Ltda. bought a new position in Amazon.com in the 4th quarter valued at $172,579,000. Chemical Bank grew its stake in Amazon.com by 5.0% in the 4th quarter. Chemical Bank now owns 3,856 shares of the e-commerce giant’s stock valued at $4,509,000 after purchasing an additional 182 shares during the period. Green Square Capital LLC grew its stake in Amazon.com by 7.7% in the 4th quarter. Green Square Capital LLC now owns 5,266 shares of the e-commerce giant’s stock valued at $6,158,000 after purchasing an additional 376 shares during the period. Cambridge Investment Research Advisors Inc. grew its stake in Amazon.com by 4.1% in the 4th quarter. Cambridge Investment Research Advisors Inc. now owns 46,126 shares of the e-commerce giant’s stock valued at $53,943,000 after purchasing an additional 1,823 shares during the period. Finally, Certified Advisory Corp bought a new position in Amazon.com in the 4th quarter valued at $610,000. Institutional investors and hedge funds own 60.19% of the company’s stock.

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About Amazon.com

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 vendors, as well as those offered by third-party sellers through physical stores and retail Websites, such as amazon.com, amazon.ca, amazon.com.mx, amazon.com.au, amazon.com.br, amazon.cn, amazon.fr, amazon.de, amazon.in, amazon.it, amazon.co.jp, amazon.nl, amazon.es, and amazon.co.uk.

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

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