Amazon.com, Inc. (AMZN) CEO Sells $3,511,409.00 in Stock

Amazon.com, Inc. (NASDAQ:AMZN) CEO Jeffrey A. Wilke sold 1,900 shares of the firm’s stock in a transaction on Tuesday, May 14th. The shares were sold at an average price of $1,848.11, for a total value of $3,511,409.00. Following the completion of the sale, the chief executive officer now directly owns 10,000 shares in the company, valued at approximately $18,481,100. The sale was disclosed in a document filed with the SEC, which is accessible through this link.

Shares of AMZN stock traded down $20.59 during mid-day trading on Friday, hitting $1,886.98. The company’s stock had a trading volume of 3,179,340 shares, compared to its average volume of 4,574,389. Amazon.com, Inc. has a 52 week low of $1,307.00 and a 52 week high of $2,050.50. The company has a current ratio of 1.09, a quick ratio of 0.83 and a debt-to-equity ratio of 0.48. The firm has a market cap of $921.23 billion, a PE ratio of 93.69, a price-to-earnings-growth ratio of 2.13 and a beta of 1.62.

Amazon.com (NASDAQ:AMZN) last posted its quarterly earnings data on Thursday, April 25th. The e-commerce giant reported $7.09 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $4.61 by $2.48. Amazon.com had a return on equity of 28.91% and a net margin of 4.97%. The firm had revenue of $59.70 billion during the quarter, compared to analyst estimates of $59.73 billion. During the same period last year, the company posted $3.27 EPS. The business’s quarterly revenue was up 17.0% on a year-over-year basis. On average, analysts forecast that Amazon.com, Inc. will post 26.59 earnings per share for the current year.

Hedge funds have recently bought and sold shares of the company. HC Financial Advisors Inc. grew its holdings in shares of Amazon.com by 22.6% during the 3rd quarter. HC Financial Advisors Inc. now owns 315 shares of the e-commerce giant’s stock worth $631,000 after purchasing an additional 58 shares during the period. Regent Investment Management LLC grew its holdings in shares of Amazon.com by 7.0% during the 3rd quarter. Regent Investment Management LLC now owns 4,748 shares of the e-commerce giant’s stock worth $9,510,000 after purchasing an additional 312 shares during the period. Edge Wealth Management LLC grew its holdings in shares of Amazon.com by 3.9% during the 3rd quarter. Edge Wealth Management LLC now owns 2,169 shares of the e-commerce giant’s stock worth $4,345,000 after purchasing an additional 81 shares during the period. Duncker Streett & Co. Inc. grew its holdings in shares of Amazon.com by 12.3% during the 3rd quarter. Duncker Streett & Co. Inc. now owns 2,002 shares of the e-commerce giant’s stock worth $4,010,000 after purchasing an additional 220 shares during the period. Finally, Arthur M. Cohen & Associates LLC grew its holdings in shares of Amazon.com by 1.4% during the 3rd quarter. Arthur M. Cohen & Associates LLC now owns 7,250 shares of the e-commerce giant’s stock worth $14,522,000 after purchasing an additional 99 shares during the period. 56.06% of the stock is owned by hedge funds and other institutional investors.

A number of brokerages have weighed in on AMZN. BidaskClub downgraded Amazon.com from a “buy” rating to a “hold” rating in a report on Tuesday. Zacks Investment Research downgraded Amazon.com from a “buy” rating to a “hold” rating in a report on Monday, April 29th. JMP Securities increased their price target on Amazon.com from $2,050.00 to $2,275.00 and gave the company an “outperform” rating in a research note on Monday, April 29th. JPMorgan Chase & Co. reiterated a “buy” rating on shares of Amazon.com in a research note on Monday, April 29th. Finally, Piper Jaffray Companies increased their price target on Amazon.com from $2,070.00 to $2,225.00 and gave the company an “overweight” rating in a research note on Friday, April 26th. Five investment analysts have rated the stock with a hold rating and forty-three have issued a buy rating to the stock. The company currently has an average rating of “Buy” and a consensus target price of $2,181.89.

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Amazon.com Company Profile

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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