Amazon.com, Inc. (NASDAQ:AMZN) CEO Jeffrey A. Wilke sold 2,800 shares of Amazon.com stock in a transaction on Thursday, September 12th. The stock was sold at an average price of $1,847.51, for a total value of $5,173,028.00. Following the completion of the sale, the chief executive officer now directly owns 10,000 shares of the company’s stock, valued at approximately $18,475,100. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.
Shares of Amazon.com stock opened at $1,817.46 on Thursday. The stock’s 50-day simple moving average is $1,805.21 and its 200-day simple moving average is $1,841.70. Amazon.com, Inc. has a 52 week low of $1,307.00 and a 52 week high of $2,035.80. The company has a market capitalization of $909.84 billion, a price-to-earnings ratio of 90.24, a PEG ratio of 2.38 and a beta of 1.57. The company has a quick ratio of 0.84, a current ratio of 1.10 and a debt-to-equity ratio of 0.44.
Amazon.com (NASDAQ:AMZN) last announced its quarterly earnings data on Thursday, July 25th. The e-commerce giant reported $5.22 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $5.29 by ($0.07). Amazon.com had a net margin of 4.80% and a return on equity of 26.27%. The business had revenue of $63.40 billion during the quarter, compared to analysts’ expectations of $62.59 billion. During the same quarter in the previous year, the firm earned $5.07 earnings per share. Amazon.com’s revenue was up 19.9% on a year-over-year basis. On average, equities analysts expect that Amazon.com, Inc. will post 24.01 earnings per share for the current year.
Several analysts recently commented on AMZN shares. Jefferies Financial Group reaffirmed a “buy” rating on shares of Amazon.com in a report on Tuesday. Monness Crespi & Hardt set a $2,300.00 price objective on Amazon.com and gave the stock a “buy” rating in a report on Friday, July 19th. JPMorgan Chase & Co. reaffirmed a “buy” rating on shares of Amazon.com in a report on Monday, July 29th. BidaskClub lowered Amazon.com from a “hold” rating to a “sell” rating in a report on Wednesday, August 14th. Finally, Royal Bank of Canada reissued an “outperform” rating and set a $2,600.00 price target (up previously from $2,250.00) on shares of Amazon.com in a report on Tuesday, September 3rd. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and forty-two have assigned a buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $2,259.84.
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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