Amazon.com (NASDAQ:AMZN) CFO Brian T. Olsavsky sold 2,028 shares of the business’s stock in a transaction that occurred on Tuesday, May 15th. The shares were sold at an average price of $1,587.50, for a total value of $3,219,450.00. Following the completion of the transaction, the chief financial officer now owns 1,781 shares of the company’s stock, valued at $2,827,337.50. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website.
NASDAQ AMZN traded down $6.90 on Friday, reaching $1,574.86. The stock had a trading volume of 1,887,494 shares, compared to its average volume of 5,673,867. The company has a debt-to-equity ratio of 0.78, a current ratio of 1.06 and a quick ratio of 0.77. Amazon.com has a 1-year low of $1,575.20 and a 1-year high of $1,590.00. The firm has a market cap of $770.19 billion, a price-to-earnings ratio of 346.12, a P/E/G ratio of 4.34 and a beta of 1.60.
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Amazon.com (NASDAQ:AMZN) last issued its quarterly earnings data on Thursday, April 26th. The e-commerce giant reported $3.27 EPS for the quarter, beating analysts’ consensus estimates of $1.80 by $1.47. Amazon.com had a return on equity of 11.77% and a net margin of 2.04%. The firm had revenue of $51.04 billion for the quarter, compared to analyst estimates of $49.94 billion. During the same period in the prior year, the firm posted $1.48 EPS. The company’s revenue for the quarter was up 42.9% on a year-over-year basis. equities analysts anticipate that Amazon.com will post 12.1 earnings per share for the current fiscal year.
AMZN has been the subject of several research analyst reports. Loop Capital boosted their price objective on Amazon.com to $1,600.00 in a research report on Friday, February 2nd. Susquehanna Bancshares boosted their price objective on Amazon.com from $1,850.00 to $2,000.00 in a research report on Friday, April 27th. Goldman Sachs reiterated a “buy” rating on shares of Amazon.com in a research report on Friday, January 26th. Aegis reiterated a “buy” rating on shares of Amazon.com in a research report on Wednesday, January 24th. Finally, JMP Securities reiterated a “buy” rating on shares of Amazon.com in a research report on Wednesday, January 24th. Two equities research analysts have rated the stock with a hold rating, fifty-two have assigned a buy rating and one has given a strong buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus target price of $1,702.99.
A number of hedge funds and other institutional investors have recently modified their holdings of the business. Taylor Hoffman Wealth Management acquired a new stake in shares of Amazon.com during the 4th quarter worth $108,000. Portfolio Solutions LLC acquired a new stake in shares of Amazon.com during the 4th quarter worth $119,000. Santori & Peters Inc. acquired a new stake in shares of Amazon.com during the 4th quarter worth $121,000. Endurance Wealth Management Inc. grew its holdings in shares of Amazon.com by 90.9% during the 4th quarter. Endurance Wealth Management Inc. now owns 105 shares of the e-commerce giant’s stock worth $123,000 after purchasing an additional 50 shares in the last quarter. Finally, Oak Point Wealth Management acquired a new stake in shares of Amazon.com during the 4th quarter worth $125,000. 60.12% of the stock is currently owned by hedge funds and other institutional investors.
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 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.