Insider Selling: Amazon.com, Inc. (NASDAQ:AMZN) CEO Sells 2,800 Shares of Stock

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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 institutional investors have recently made changes to their positions in AMZN. Thoroughbred Financial Services LLC lifted its position in shares of Amazon.com by 191,406.0% in the second quarter. Thoroughbred Financial Services LLC now owns 9,307,191 shares of the e-commerce giant’s stock valued at $930,719,000 after acquiring an additional 9,302,331 shares in the last quarter. Nuveen Asset Management LLC lifted its position in shares of Amazon.com by 3,787.4% in the second quarter. Nuveen Asset Management LLC now owns 3,590,645 shares of the e-commerce giant’s stock valued at $6,799,352,000 after acquiring an additional 3,498,279 shares in the last quarter. Viking Global Investors LP lifted its position in shares of Amazon.com by 157.6% in the second quarter. Viking Global Investors LP now owns 802,837 shares of the e-commerce giant’s stock valued at $1,520,276,000 after acquiring an additional 491,118 shares in the last quarter. Investec Asset Management LTD lifted its position in shares of Amazon.com by 186.8% in the second quarter. Investec Asset Management LTD now owns 648,507 shares of the e-commerce giant’s stock valued at $430,045,000 after acquiring an additional 422,352 shares in the last quarter. Finally, BlackRock Inc. lifted its position in shares of Amazon.com by 1.6% in the second quarter. BlackRock Inc. now owns 26,082,028 shares of the e-commerce giant’s stock valued at $49,389,711,000 after acquiring an additional 415,448 shares in the last quarter. Institutional investors and hedge funds own 55.71% of the company’s stock.

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.

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 third-party sellers through physical stores and online stores.

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

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