Amazon.com, Inc. (NASDAQ:AMZN) CEO Jeffrey P. Bezos Sells 391,110 Shares

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.

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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.

About Amazon.com

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.

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

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