Amazon.com, Inc. (NASDAQ:AMZN) CEO Douglas J. Herrington sold 7,456 shares of the stock in a transaction on Monday, November 21st. The stock was sold at an average price of $94.00, for a total transaction of $700,864.00. Following the completion of the sale, the chief executive officer now owns 533,435 shares in the company, valued at approximately $50,142,890. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.
Amazon.com Trading Up 1.0 %
AMZN traded up $0.93 on Thursday, reaching $94.13. 59,414,684 shares of the company’s stock were exchanged, compared to its average volume of 110,915,312. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.68 and a current ratio of 0.94. Amazon.com, Inc. has a twelve month low of $85.87 and a twelve month high of $181.68. The company’s 50 day moving average is $109.13 and its 200-day moving average is $116.76. The company has a market cap of $960.28 billion, a price-to-earnings ratio of 86.40, a PEG ratio of 6.23 and a beta of 1.23.
Amazon.com (NASDAQ:AMZN – Get Rating) last issued its quarterly earnings data on Thursday, October 27th. The e-commerce giant reported $0.28 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.22 by $0.06. The company had revenue of $127.10 billion during the quarter, compared to the consensus estimate of $127.47 billion. Amazon.com had a net margin of 2.25% and a return on equity of 14.44%. Amazon.com’s revenue for the quarter was up 14.7% on a year-over-year basis. During the same quarter last year, the company earned $0.31 earnings per share. Equities analysts predict that Amazon.com, Inc. will post 0.74 earnings per share for the current year.
Hedge Funds Weigh In On Amazon.com
Analysts Set New Price Targets
AMZN has been the topic of a number of recent analyst reports. Moffett Nathanson initiated coverage on shares of Amazon.com in a report on Tuesday, November 15th. They set an “outperform” rating and a $118.00 price target on the stock. Mizuho lowered their price target on shares of Amazon.com from $155.00 to $135.00 and set a “buy” rating on the stock in a report on Friday, October 28th. Cowen lowered their price target on shares of Amazon.com from $195.00 to $150.00 and set an “outperform” rating on the stock in a report on Friday, October 28th. Needham & Company LLC lowered their price target on shares of Amazon.com from $175.00 to $120.00 and set a “buy” rating on the stock in a report on Friday, October 28th. Finally, Truist Financial decreased their price objective on shares of Amazon.com from $170.00 to $160.00 and set a “buy” rating on the stock in a report on Friday, October 28th. Two research analysts have rated the stock with a sell rating, three have given a hold rating and forty-one have given a buy rating to the stock. Based on data from MarketBeat, Amazon.com currently 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.
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