Amazon.com, Inc. (AMZN) CEO Jeffrey A. Wilke Sells 710 Shares
Amazon.com, Inc. (NASDAQ:AMZN) CEO Jeffrey A. Wilke sold 710 shares of the firm’s stock in a transaction on Friday, August 4th. The stock was sold at an average price of $987.39, for a total value of $701,046.90. Following the completion of the transaction, the chief executive officer now owns 10,000 shares in the company, valued at $9,873,900. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.
Shares of Amazon.com, Inc. (NASDAQ AMZN) traded up 0.47% during mid-day trading on Monday, reaching $992.27. 2,675,703 shares of the company’s stock were exchanged. The stock has a market cap of $476.67 billion, a PE ratio of 252.36 and a beta of 1.48. Amazon.com, Inc. has a one year low of $710.10 and a one year high of $1,083.31. The company has a 50 day moving average price of $999.29 and a 200-day moving average price of $918.57.
Amazon.com (NASDAQ:AMZN) last released its quarterly earnings data on Thursday, July 27th. The e-commerce giant reported $0.40 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.40 by $1.00. Amazon.com had a net margin of 1.28% and a return on equity of 9.38%. The firm had revenue of $37.96 billion during the quarter, compared to analysts’ expectations of $37.18 billion. During the same quarter in the previous year, the firm posted $1.78 EPS. Amazon.com’s revenue was up 24.8% compared to the same quarter last year. On average, analysts predict that Amazon.com, Inc. will post $3.84 EPS for the current year.
Several institutional investors have recently added to or reduced their stakes in AMZN. Norges Bank purchased a new position in Amazon.com during the fourth quarter worth about $2,736,365,000. Harbour Capital Advisors LLC boosted its position in Amazon.com by 100,947.5% in the second quarter. Harbour Capital Advisors LLC now owns 2,302,872 shares of the e-commerce giant’s stock worth $2,379,000 after buying an additional 2,300,593 shares during the last quarter. State Street Corp boosted its position in Amazon.com by 1.1% in the first quarter. State Street Corp now owns 16,544,538 shares of the e-commerce giant’s stock worth $14,667,392,000 after buying an additional 186,756 shares during the last quarter. Karp Capital Management Corp purchased a new position in Amazon.com during the first quarter worth about $157,189,000. Finally, Canada Pension Plan Investment Board boosted its position in Amazon.com by 401.7% in the first quarter. Canada Pension Plan Investment Board now owns 158,030 shares of the e-commerce giant’s stock worth $140,100,000 after buying an additional 126,534 shares during the last quarter. Hedge funds and other institutional investors own 62.17% of the company’s stock.
Several research analysts have recently issued reports on the company. UBS AG lowered Amazon.com from an “outperform” rating to a “market perform” rating in a research report on Tuesday, April 25th. TheStreet lowered Amazon.com from a “b-” rating to a “c+” rating in a research report on Monday, July 10th. Goldman Sachs Group, Inc. (The) restated a “buy” rating and issued a $1,275.00 price target on shares of Amazon.com in a research report on Friday, July 28th. Mizuho assumed coverage on Amazon.com in a research report on Monday. They issued a “buy” rating on the stock. Finally, KeyCorp restated a “hold” rating on shares of Amazon.com in a research report on Thursday, June 22nd. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating, forty-three have given a buy rating and one has issued a strong buy rating to the company. Amazon.com currently has an average rating of “Buy” and a consensus target price of $1,058.27.
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 North America segment consists of retail sales of consumer products (including from sellers) and subscriptions through North America-focused Websites, such as www.amazon.com, www.amazon.ca and www.amazon.com.mx.
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