Tom Alberg Sells 835 Shares of Amazon.com, Inc. (AMZN) Stock
Amazon.com, Inc. (NASDAQ:AMZN) Director Tom Alberg sold 835 shares of the company’s stock in a transaction on Monday, November 27th. The shares were sold at an average price of $1,202.74, for a total value of $1,004,287.90. Following the completion of the transaction, the director now owns 17,114 shares of the company’s stock, valued at $20,583,692.36. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.
Amazon.com, Inc. (NASDAQ AMZN) traded up $15.09 during trading on Thursday, reaching $1,176.36. The company had a trading volume of 3,430,590 shares, compared to its average volume of 3,568,111. The company has a market capitalization of $565,500.00, a PE ratio of 302.94, a price-to-earnings-growth ratio of 14.95 and a beta of 1.45. Amazon.com, Inc. has a fifty-two week low of $736.70 and a fifty-two week high of $1,213.41. The company has a debt-to-equity ratio of 1.00, a quick ratio of 0.74 and a current ratio of 1.03.
Amazon.com (NASDAQ:AMZN) last posted its quarterly earnings results on Thursday, October 26th. The e-commerce giant reported $0.52 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.09 by ($0.57). The firm had revenue of $43.74 billion during the quarter, compared to the consensus estimate of $42.26 billion. Amazon.com had a net margin of 1.20% and a return on equity of 8.67%. Amazon.com’s revenue was up 33.7% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.52 EPS. research analysts predict that Amazon.com, Inc. will post 4.24 earnings per share for the current fiscal year.
Institutional investors and hedge funds have recently modified their holdings of the business. Vestor Capital LLC boosted its holdings in Amazon.com by 10.1% during the second quarter. Vestor Capital LLC now owns 109 shares of the e-commerce giant’s stock worth $106,000 after buying an additional 10 shares during the last quarter. Whitnell & Co. boosted its holdings in Amazon.com by 581.3% during the third quarter. Whitnell & Co. now owns 109 shares of the e-commerce giant’s stock worth $105,000 after buying an additional 93 shares during the last quarter. WealthTrust Arizona LLC boosted its holdings in Amazon.com by 2.7% during the second quarter. WealthTrust Arizona LLC now owns 114 shares of the e-commerce giant’s stock worth $110,000 after buying an additional 3 shares during the last quarter. LeJeune Puetz Investment Counsel LLC bought a new position in Amazon.com during the second quarter worth about $116,000. Finally, Mountain Capital Investment Advisors Inc bought a new position in Amazon.com during the second quarter worth about $121,000. Hedge funds and other institutional investors own 59.70% of the company’s stock.
Several research analysts have issued reports on the company. Goldman Sachs Group reiterated a “conviction-buy” rating and set a $1,275.00 price objective on shares of Amazon.com in a research note on Wednesday, August 9th. Cowen reiterated an “outperform” rating and set a $1,125.00 price objective on shares of Amazon.com in a research note on Thursday, August 10th. Piper Jaffray Companies reiterated an “overweight” rating and set a $1,200.00 price objective on shares of Amazon.com in a research note on Thursday, August 10th. Vetr upgraded Amazon.com from a “sell” rating to a “hold” rating and set a $1,155.74 price objective for the company in a research note on Wednesday. Finally, Tigress Financial reiterated a “buy” rating on shares of Amazon.com in a research note on Wednesday, August 9th. Five equities research analysts have rated the stock with a hold rating and forty-nine have issued a buy rating to the company’s stock. The stock has an average rating of “Buy” and an average target price of $1,198.48.
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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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