Insider Selling: Amazon.com, Inc. (NASDAQ:AMZN) CFO Sells 15,240 Shares of Stock

Amazon.com, Inc. (NASDAQ:AMZN) CFO Brian T. Olsavsky sold 15,240 shares of Amazon.com stock in a transaction on Monday, November 21st. The shares were sold at an average price of $94.00, for a total transaction of $1,432,560.00. Following the completion of the sale, the chief financial officer now owns 49,000 shares in the company, valued at approximately $4,606,000. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.

Amazon.com Stock Up 1.0 %

NASDAQ AMZN opened at $94.13 on Friday. The stock’s 50-day moving average price is $108.44 and its 200-day moving average price is $116.60. The company has a quick ratio of 0.68, a current ratio of 0.94 and a debt-to-equity ratio of 0.43. Amazon.com, Inc. has a 52 week low of $85.87 and a 52 week high of $181.68. The company has a market capitalization of $960.28 billion, a P/E ratio of 86.40, a price-to-earnings-growth ratio of 6.23 and a beta of 1.23.

Amazon.com (NASDAQ:AMZNGet Rating) last posted its quarterly earnings data on Thursday, October 27th. The e-commerce giant reported $0.28 EPS for the quarter, topping the consensus estimate of $0.22 by $0.06. The firm had revenue of $127.10 billion for the quarter, compared to the consensus estimate of $127.47 billion. Amazon.com had a return on equity of 14.44% and a net margin of 2.25%. The business’s revenue for the quarter was up 14.7% compared to the same quarter last year. During the same quarter last year, the company earned $0.31 earnings per share. On average, equities research analysts predict that Amazon.com, Inc. will post 0.74 earnings per share for the current year.

Institutional Trading of Amazon.com

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Vanguard Group Inc. raised its stake in Amazon.com by 1.8% during the 3rd quarter. Vanguard Group Inc. now owns 701,550,877 shares of the e-commerce giant’s stock valued at $79,275,249,000 after purchasing an additional 12,456,995 shares during the period. State Street Corp increased its stake in Amazon.com by 1.0% in the 3rd quarter. State Street Corp now owns 329,849,003 shares of the e-commerce giant’s stock worth $37,272,937,000 after acquiring an additional 3,121,516 shares during the last quarter. Price T Rowe Associates Inc. MD increased its stake in Amazon.com by 1,838.8% in the 2nd quarter. Price T Rowe Associates Inc. MD now owns 311,971,394 shares of the e-commerce giant’s stock worth $33,134,481,000 after acquiring an additional 295,880,050 shares during the last quarter. FMR LLC increased its stake in Amazon.com by 1,792.4% in the 2nd quarter. FMR LLC now owns 286,047,356 shares of the e-commerce giant’s stock worth $30,381,089,000 after acquiring an additional 270,931,640 shares during the last quarter. Finally, Northern Trust Corp increased its stake in Amazon.com by 1,867.0% in the 2nd quarter. Northern Trust Corp now owns 94,997,372 shares of the e-commerce giant’s stock worth $10,089,669,000 after acquiring an additional 90,167,792 shares during the last quarter. Institutional investors own 57.15% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on the company. The Goldman Sachs Group reiterated a “buy” rating and issued a $175.00 price objective on shares of Amazon.com in a report on Thursday, August 4th. Bank of America decreased their price objective on Amazon.com from $157.00 to $137.00 and set a “buy” rating for the company in a report on Friday, October 28th. Needham & Company LLC decreased their price objective on Amazon.com from $175.00 to $120.00 and set a “buy” rating for the company in a report on Friday, October 28th. Wells Fargo & Company decreased their price objective on Amazon.com from $200.00 to $155.00 and set an “overweight” rating for the company in a report on Friday, October 28th. Finally, JMP Securities decreased their price objective on Amazon.com from $150.00 to $140.00 and set an “outperform” rating for the company in a report on Friday, October 28th. Two research analysts have rated the stock with a sell rating, three have assigned a hold rating and forty-one have given a buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $149.40.

Amazon.com Company Profile

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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). It sells merchandise and content purchased for resale from third-party sellers through physical and online stores.

Further Reading

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

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