Amazon.com, Inc. (NASDAQ:AMZN) CEO Jeffrey P. Bezos sold 391,110 shares of the business’s stock in a transaction on Wednesday, November 1st. The stock was sold at an average price of $1,103.53, for a total value of $431,601,618.30. Following the transaction, the chief executive officer now directly owns 79,891,433 shares of the company’s stock, valued at $88,162,593,058.49. The transaction was disclosed in a legal filing with the SEC, which is available through this link.
Shares of Amazon.com, Inc. (NASDAQ:AMZN) opened at $1,136.84 on Wednesday. Amazon.com, Inc. has a 12 month low of $725.99 and a 12 month high of $1,139.90. The company has a quick ratio of 0.74, a current ratio of 1.03 and a debt-to-equity ratio of 1.00. The firm has a market cap of $547,810.00, a PE ratio of 286.59, a price-to-earnings-growth ratio of 14.08 and a beta of 1.45.
Amazon.com (NASDAQ:AMZN) last released its earnings results on Thursday, October 26th. The e-commerce giant reported $0.52 EPS for the quarter, missing the consensus estimate of $1.09 by ($0.57). Amazon.com had a net margin of 1.20% and a return on equity of 8.67%. The firm had revenue of $43.74 billion during the quarter, compared to the consensus estimate of $42.26 billion. During the same period in the prior year, the business earned $0.52 earnings per share. Amazon.com’s quarterly revenue was up 33.7% compared to the same quarter last year. equities analysts expect that Amazon.com, Inc. will post 4.26 earnings per share for the current fiscal year.
Several analysts have recently weighed in on AMZN shares. Canaccord Genuity reissued a “buy” rating and set a $1,200.00 target price on shares of Amazon.com in a research note on Wednesday, October 11th. J P Morgan Chase & Co restated a “buy” rating on shares of Amazon.com in a report on Friday, July 28th. Wedbush set a $1,250.00 price target on Amazon.com and gave the stock a “buy” rating in a report on Monday, October 23rd. Citigroup Inc. reiterated a “buy” rating and set a $1,200.00 target price (down previously from $1,220.00) on shares of Amazon.com in a report on Sunday, July 30th. Finally, Royal Bank Of Canada set a $1,100.00 target price on Amazon.com and gave the company a “buy” rating in a report on Monday, September 11th. Five equities research analysts have rated the stock with a hold rating and forty-nine have issued a buy rating to the company. The stock has a consensus rating of “Buy” and a consensus target price of $1,142.08.
A number of hedge funds have recently added to or reduced their stakes in the business. Whitnell & Co. grew its holdings in Amazon.com by 581.3% during the 3rd quarter. Whitnell & Co. now owns 109 shares of the e-commerce giant’s stock worth $105,000 after acquiring an additional 93 shares during the last quarter. Vestor Capital LLC grew its holdings in Amazon.com by 10.1% during the 2nd quarter. Vestor Capital LLC now owns 109 shares of the e-commerce giant’s stock worth $106,000 after acquiring an additional 10 shares during the last quarter. Clear Investment Research LLC grew its holdings in Amazon.com by 73,100.0% during the 2nd quarter. Clear Investment Research LLC now owns 732 shares of the e-commerce giant’s stock worth $107,000 after acquiring an additional 731 shares during the last quarter. WealthTrust Arizona LLC grew its holdings in Amazon.com by 2.7% during the 2nd quarter. WealthTrust Arizona LLC now owns 114 shares of the e-commerce giant’s stock worth $110,000 after acquiring an additional 3 shares during the last quarter. Finally, LeJeune Puetz Investment Counsel LLC bought a new stake in Amazon.com during the 2nd quarter worth approximately $116,000. 60.54% of the stock is currently owned by hedge funds and other institutional investors.
Amazon.com, Inc offers a range of products and services through its Websites. The Company operates through three segments: North America, International and Amazon Web Services (AWS). The Company’s products include merchandise and content that it purchases for resale from vendors and those offered by third-party sellers.
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