Amazon.com, Inc. (NASDAQ:AMZN) CFO Sells $3,146,995.00 in Stock

Amazon.com, Inc. (NASDAQ:AMZN) CFO Brian T. Olsavsky sold 1,765 shares of Amazon.com stock in a transaction dated Thursday, August 15th. The stock was sold at an average price of $1,783.00, for a total value of $3,146,995.00. Following the sale, the chief financial officer now directly owns 2,480 shares of the company’s stock, valued at approximately $4,421,840. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

NASDAQ:AMZN traded up $23.55 during mid-day trading on Monday, reaching $1,816.12. 2,816,041 shares of the company’s stock traded hands, compared to its average volume of 4,381,649. Amazon.com, Inc. has a 12-month low of $1,307.00 and a 12-month high of $2,050.50. The firm has a market capitalization of $878.57 billion, a price-to-earnings ratio of 90.17, a PEG ratio of 2.25 and a beta of 1.55. The company has a debt-to-equity ratio of 0.44, a current ratio of 1.10 and a quick ratio of 0.84. The company has a 50 day moving average price of $1,903.00 and a 200-day moving average price of $1,816.37.

Amazon.com (NASDAQ:AMZN) last announced its quarterly earnings results on Thursday, July 25th. The e-commerce giant reported $5.22 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $5.29 by ($0.07). Amazon.com had a net margin of 4.80% and a return on equity of 26.27%. The business had revenue of $63.40 billion for the quarter, compared to analysts’ expectations of $62.59 billion. During the same quarter in the prior year, the firm earned $5.07 EPS. The firm’s revenue for the quarter was up 19.9% on a year-over-year basis. As a group, analysts forecast that Amazon.com, Inc. will post 24.52 EPS for the current year.

A number of large investors have recently made changes to their positions in the stock. Gulf International Bank UK Ltd grew its holdings in shares of Amazon.com by 0.5% during the 2nd quarter. Gulf International Bank UK Ltd now owns 98,957 shares of the e-commerce giant’s stock worth $187,387,000 after acquiring an additional 480 shares during the period. Weiss Asset Management LP purchased a new position in shares of Amazon.com during the 1st quarter worth approximately $214,000. Davy Asset Management Ltd purchased a new position in shares of Amazon.com during the 2nd quarter worth approximately $3,528,000. Evanson Asset Management LLC grew its holdings in shares of Amazon.com by 1.3% during the 2nd quarter. Evanson Asset Management LLC now owns 4,493 shares of the e-commerce giant’s stock worth $8,508,000 after acquiring an additional 59 shares during the period. Finally, Corundum Group Inc. purchased a new position in shares of Amazon.com during the 4th quarter worth approximately $888,000. Institutional investors own 57.26% of the company’s stock.

Several brokerages have issued reports on AMZN. Oppenheimer set a $2,100.00 price target on Amazon.com and gave the stock a “buy” rating in a research note on Friday, July 26th. Stifel Nicolaus reaffirmed a “buy” rating and set a $2,300.00 price target on shares of Amazon.com in a research note on Friday, July 26th. Deutsche Bank lifted their price target on Amazon.com from $2,315.00 to $2,515.00 and gave the stock a “buy” rating in a research note on Monday, July 22nd. Piper Jaffray Companies lifted their price objective on Amazon.com from $2,070.00 to $2,225.00 and gave the stock an “overweight” rating in a report on Friday, April 26th. Finally, Mizuho reiterated a “buy” rating and issued a $2,200.00 price objective (up previously from $2,080.00) on shares of Amazon.com in a report on Friday, July 26th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and forty-two have given a buy rating to the company. Amazon.com currently has an average rating of “Buy” and a consensus target price of $2,251.95.

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

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