Jeffrey P. Bezos Sells 4,273,237 Shares of Amazon.com, Inc. (NASDAQ:AMZN) Stock
Amazon.com, Inc. (NASDAQ:AMZN) insider Jeffrey P. Bezos sold 4,273,237 shares of the stock in a transaction on Friday, July 11th. The shares were sold at an average price of $224.81, for a total value of $960,666,409.97. Following the completion of the sale, the insider owned 897,722,088 shares of the company's stock, valued at approximately $201,816,902,603.28. This represents a 0.47% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link.
AMZN traded up $0.66 on Tuesday, hitting $226.35. The company had a trading volume of 34,839,538 shares, compared to its average volume of 42,080,770. Amazon.com, Inc. has a 1-year low of $151.61 and a 1-year high of $242.52. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.05 and a quick ratio of 0.84. The company's fifty day moving average price is $210.69 and its 200 day moving average price is $208.38. The stock has a market cap of $2.40 trillion, a price-to-earnings ratio of 36.86, a price-to-earnings-growth ratio of 1.69 and a beta of 1.33.
Amazon.com (NASDAQ:AMZN - Get Free Report) last announced its earnings results on Thursday, May 1st. The e-commerce giant reported $1.59 EPS for the quarter, topping the consensus estimate of $1.38 by $0.21. The firm had revenue of $155.67 billion for the quarter, compared to the consensus estimate of $154.96 billion. Amazon.com had a net margin of 10.14% and a return on equity of 24.14%. The business's quarterly revenue was up 8.6% on a year-over-year basis. During the same quarter last year, the firm posted $0.98 EPS. Equities analysts predict that Amazon.com, Inc. will post 6.31 earnings per share for the current fiscal year.
A number of brokerages have recently issued reports on AMZN. Benchmark restated a "buy" rating and issued a $260.00 target price on shares of Amazon.com in a research note on Friday, May 2nd. DA Davidson dropped their price target on Amazon.com from $280.00 to $230.00 and set a "buy" rating on the stock in a research report on Monday, April 14th. Scotiabank dropped their price objective on shares of Amazon.com from $306.00 to $250.00 and set a "sector outperform" rating on the stock in a report on Monday, April 21st. BNP Paribas Exane upgraded Amazon.com from a "neutral" rating to an "outperform" rating and set a $254.00 price target for the company in a research report on Friday, June 27th. Finally, Jefferies Financial Group decreased their target price on shares of Amazon.com from $250.00 to $240.00 and set a "buy" rating for the company in a research report on Tuesday, April 22nd. Three research analysts have rated the stock with a hold rating, forty-five have issued a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $249.42.
View Our Latest Report on Amazon.com
A number of hedge funds have recently bought and sold shares of AMZN. Momentous Wealth Management Inc. acquired a new stake in shares of Amazon.com in the fourth quarter valued at approximately $749,000. Segall Bryant & Hamill LLC increased its stake in shares of Amazon.com by 14.3% in the 4th quarter. Segall Bryant & Hamill LLC now owns 317,114 shares of the e-commerce giant's stock valued at $69,572,000 after buying an additional 39,696 shares during the period. Bearing Point Capital LLC bought a new stake in shares of Amazon.com during the fourth quarter worth $12,014,000. Evergreen Capital Management LLC raised its position in shares of Amazon.com by 0.5% during the fourth quarter. Evergreen Capital Management LLC now owns 242,550 shares of the e-commerce giant's stock worth $53,213,000 after acquiring an additional 1,198 shares during the last quarter. Finally, Arrowstreet Capital Limited Partnership lifted its stake in shares of Amazon.com by 173.6% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 3,461,573 shares of the e-commerce giant's stock valued at $759,434,000 after acquiring an additional 2,196,353 shares during the period. 72.20% of the stock is owned by institutional investors.
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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