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:AMZN – Get 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
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
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.
- Get a free copy of the StockNews.com research report on Amazon.com (AMZN)
- Microsoft Shares: Is it Time to Back Up the Truck?
- Institutional Support for Analog Devices Remains High
- Salesforce Cuts Labor, Shows Strong Earnings Despite Challenges
- Three CBD Stocks to Dominate a Budding Industry
- Is the 60/40 Portfolio Mix Still in Vogue?
Receive News & Ratings for Amazon.com Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Amazon.com and related companies with MarketBeat.com's FREE daily email newsletter.