Amazon.com, Inc. (AMZN) CEO Jeffrey A. Wilke Sells 2,000 Shares
Amazon.com, Inc. (NASDAQ:AMZN) CEO Jeffrey A. Wilke sold 2,000 shares of Amazon.com stock in a transaction that occurred on Wednesday, September 5th. The stock was sold at an average price of $2,004.25, for a total value of $4,008,500.00. Following the completion of the sale, the chief executive officer now owns 10,000 shares of the company’s stock, valued at $20,042,500. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.
Shares of NASDAQ:AMZN traded down $6.24 during mid-day trading on Friday, hitting $1,952.07. 4,856,510 shares of the company traded hands, compared to its average volume of 4,522,250. The stock has a market cap of $955.15 billion, a price-to-earnings ratio of 429.03, a PEG ratio of 4.08 and a beta of 1.60. The company has a quick ratio of 0.78, a current ratio of 1.07 and a debt-to-equity ratio of 0.70. Amazon.com, Inc. has a 12-month low of $931.75 and a 12-month high of $2,050.50.
Amazon.com (NASDAQ:AMZN) last announced its earnings results on Thursday, July 26th. The e-commerce giant reported $5.07 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $2.49 by $2.58. The company had revenue of $52.89 billion for the quarter, compared to analysts’ expectations of $53.37 billion. Amazon.com had a return on equity of 18.47% and a net margin of 3.02%. Amazon.com’s quarterly revenue was up 39.3% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.40 earnings per share. equities research analysts expect that Amazon.com, Inc. will post 17.78 earnings per share for the current year.
AMZN has been the subject of a number of research analyst reports. BidaskClub downgraded Amazon.com from a “strong-buy” rating to a “buy” rating in a report on Monday, May 14th. Morgan Stanley reiterated a “buy” rating on shares of Amazon.com in a report on Friday, May 18th. MKM Partners boosted their price objective on Amazon.com to $1,840.00 and gave the company a “buy” rating in a report on Tuesday, May 29th. Oppenheimer restated a “buy” rating on shares of Amazon.com in a report on Friday, June 1st. Finally, SunTrust Banks restated a “buy” rating and set a $2,000.00 price objective (up previously from $1,900.00) on shares of Amazon.com in a report on Monday, June 4th. Two research analysts have rated the stock with a hold rating and fifty have given a buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average price target of $1,963.87.
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.
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