Amazon.com, Inc. (NASDAQ:AMZN) Director Patricia Q. Stonesifer sold 1,375 shares of the company’s stock in a transaction dated Friday, November 2nd. The stock was sold at an average price of $1,678.99, for a total transaction of $2,308,611.25. Following the transaction, the director now owns 9,127 shares in the company, valued at approximately $15,324,141.73. The sale was disclosed in a filing with the SEC, which can be accessed through this link.
Shares of NASDAQ:AMZN traded up $15.01 during mid-day trading on Tuesday, reaching $1,642.81. The stock had a trading volume of 4,004,913 shares, compared to its average volume of 5,343,856. The company has a market capitalization of $814.39 billion, a price-to-earnings ratio of 361.06, a P/E/G ratio of 3.21 and a beta of 1.70. The company has a debt-to-equity ratio of 0.63, a current ratio of 1.08 and a quick ratio of 0.80. Amazon.com, Inc. has a twelve month low of $1,115.77 and a twelve month high of $2,050.50.
Amazon.com (NASDAQ:AMZN) last announced its quarterly earnings results on Thursday, October 25th. The e-commerce giant reported $5.75 earnings per share for the quarter, beating analysts’ consensus estimates of $3.29 by $2.46. The business had revenue of $56.58 billion for the quarter, compared to the consensus estimate of $57.05 billion. Amazon.com had a net margin of 4.03% and a return on equity of 24.35%. Equities research analysts expect that Amazon.com, Inc. will post 19.24 earnings per share for the current year.
A number of research analysts have issued reports on AMZN shares. DA Davidson upped their target price on shares of Amazon.com from $2,200.00 to $2,450.00 and gave the company a “buy” rating in a research report on Wednesday, September 5th. Wells Fargo & Co restated a “buy” rating and set a $2,300.00 target price on shares of Amazon.com in a research report on Monday, October 1st. BidaskClub upgraded shares of Amazon.com from a “hold” rating to a “buy” rating in a research report on Friday, September 28th. Robert W. Baird restated a “buy” rating on shares of Amazon.com in a research report on Monday, September 3rd. Finally, Macquarie restated a “buy” rating and set a $2,200.00 target price on shares of Amazon.com in a research report on Tuesday, October 2nd. One analyst has rated the stock with a sell rating, three have given a hold rating and forty-seven have assigned a buy rating to the company. The stock has a consensus rating of “Buy” and an average target price of $2,091.53.
Hedge funds and other institutional investors have recently bought and sold shares of the stock. HC Financial Advisors Inc. bought a new position in shares of Amazon.com during the 4th quarter worth approximately $315,000. Motley Fool Asset Management LLC bought a new position in shares of Amazon.com during the 1st quarter worth approximately $28,382,000. Point View Wealth Management Inc. bought a new position in shares of Amazon.com during the 1st quarter worth approximately $239,000. Busey Trust CO bought a new position in shares of Amazon.com during the 1st quarter worth approximately $36,735,000. Finally, Security National Trust Co. grew its stake in shares of Amazon.com by 3.6% during the 1st quarter. Security National Trust Co. now owns 3,217 shares of the e-commerce giant’s stock worth $4,656,000 after acquiring an additional 112 shares in the last quarter. 56.59% of the stock is owned by institutional investors and hedge funds.
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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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