Amazon.com, Inc. (NASDAQ:AMZN) CEO Andrew R. Jassy Sells 50,000 Shares

Amazon.com, Inc. (NASDAQ:AMZN) CEO Andrew R. Jassy sold 50,000 shares of the stock in a transaction that occurred on Monday, March 4th. The shares were sold at an average price of $180.00, for a total value of $9,000,000.00. Following the transaction, the chief executive officer now directly owns 1,994,182 shares of the company’s stock, valued at approximately $358,952,760. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

Amazon.com Trading Down 2.4 %

Shares of Amazon.com stock opened at $174.42 on Friday. The company has a fifty day simple moving average of $166.29 and a 200-day simple moving average of $148.90. Amazon.com, Inc. has a 12-month low of $95.61 and a 12-month high of $180.14. The company has a current ratio of 1.05, a quick ratio of 0.84 and a debt-to-equity ratio of 0.29. The stock has a market cap of $1.81 trillion, a price-to-earnings ratio of 60.14, a PEG ratio of 1.54 and a beta of 1.17.

Amazon.com (NASDAQ:AMZNGet Free Report) last issued its earnings results on Thursday, February 1st. The e-commerce giant reported $1.00 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.81 by $0.19. Amazon.com had a net margin of 5.29% and a return on equity of 16.61%. The business had revenue of $169.96 billion during the quarter, compared to analysts’ expectations of $165.96 billion. During the same quarter in the prior year, the business posted $0.21 EPS. The company’s revenue for the quarter was up 13.9% on a year-over-year basis. On average, equities analysts forecast that Amazon.com, Inc. will post 4.08 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of the stock. Bridgefront Capital LLC acquired a new stake in shares of Amazon.com in the first quarter valued at approximately $228,000. Krane Funds Advisors LLC boosted its holdings in shares of Amazon.com by 239.1% in the first quarter. Krane Funds Advisors LLC now owns 78 shares of the e-commerce giant’s stock valued at $254,000 after acquiring an additional 55 shares during the period. Range Financial Group LLC acquired a new stake in Amazon.com during the 1st quarter worth approximately $258,000. My Personal CFO LLC acquired a new stake in Amazon.com during the 1st quarter worth approximately $261,000. Finally, Worth Asset Management LLC acquired a new stake in Amazon.com during the 1st quarter worth approximately $191,000. Institutional investors and hedge funds own 57.96% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have commented on AMZN shares. Oppenheimer increased their price objective on shares of Amazon.com from $200.00 to $210.00 and gave the company an “outperform” rating in a report on Friday, February 2nd. Canaccord Genuity Group increased their price objective on shares of Amazon.com from $185.00 to $200.00 and gave the company a “buy” rating in a report on Friday, February 2nd. Benchmark increased their price objective on shares of Amazon.com from $175.00 to $200.00 and gave the company a “buy” rating in a report on Friday, February 2nd. Needham & Company LLC raised their price objective on shares of Amazon.com from $175.00 to $205.00 and gave the stock a “buy” rating in a research report on Friday, February 2nd. Finally, Monness Crespi & Hardt raised their price objective on shares of Amazon.com from $170.00 to $215.00 and gave the stock a “buy” rating in a research report on Friday, February 2nd. One investment analyst has rated the stock with a hold rating, forty-three have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Buy” and a consensus target price of $197.95.

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About Amazon.com

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Amazon.com, Inc engages in the retail sale of consumer products, advertising, and subscriptions service through online and physical stores in North America and internationally. The company operates through three segments: North America, International, and Amazon Web Services (AWS). It also manufactures and sells electronic devices, including Kindle, Fire tablets, Fire TVs, Echo, Ring, Blink, and eero; and develops and produces media content.

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

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