In other news, CEO Jeffrey P. Bezos sold 391,110 shares in a transaction on Wednesday, November 1. The stock was sold at an average price of $ 1,103.53, for a total transaction of $ 431,601,618.30. After the completion of the transaction, the executive director is now the direct owner of 79,891,433 shares of the company, valued at approximately $ 88,162,593,058.49. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC's website. In addition, director Tom A. Alberg sold 870 shares of the company in a transaction on Wednesday, November 22. The shares were sold at an average price of $ 1,150.00, for a total value of $ 1,000,500.00. After the transaction, the director now owns 17,949 shares of the company, valued at $ 20,641,350. The disclosure of this sale can be found here. In the last quarter, insiders sold 398,703 shares of the company valued at $ 440,138,461. The company's experts hold 17.70% of the company's shares.
AMZN has been the subject of a series of recent research reports. Credit Suisse Group reiterated a "best performance" rating on Amazon.com shares in a research report on Thursday, August 31. Monness Crespi & Hardt upgraded Amazon.com from a "neutral" rating to a "purchase" rating and set a target price of $ 1,250.00 on the shares in a research report on Friday, October 27. Cowen Inc reiterated a "better performance" rating and issued a target price of $ 1,125.00 on Amazon.com shares in a research report on Thursday, August 10. Leerink Swann reiterated a "buy" rating on Amazon.com shares in a research report on Monday, October 30. Finally, TheStreet upgraded Amazon.com from a "c +" rating to a "b-" rating in a research report on Tuesday, November 7. Five research badysts have rated the share with a withholding rating and forty nine have granted a purchase rating to the company's shares. Amazon.com currently has a "Buy" consensus rating and a consensus price target of $ 1,160.04.
Amazon.com, Inc. (NASDAQ: AMZN) opened at $ 1,186.00 on Friday. The company has a market capitalization of $ 571,500.19, a price-earnings ratio of 301.02, a PEG ratio of 14.86 and a beta of 1.45. The company has a current index of 1.03, a quick ratio of 0.74 and a debt to equity ratio of 1.00. Amazon.com, Inc. has a minimum of twelve months of $ 736.70 and a maximum of twelve months of $ 1,186.84.
Amazon.com (NASDAQ: AMZN) last published its quarterly earnings results on Thursday, October 26. The e-commerce giant reported earnings of $ 0.52 per share for the quarter, without badysts' consensus estimates of $ 1.09 per ($ 0.57). The business had revenues of $ 43.74 billion for the quarter, compared to badyst expectations of $ 42.26 billion. Amazon.com had a return on equity of 8.67% and a net margin of 1.20%. Business revenue for the quarter increased 33.7% compared to the same quarter last year. During the same quarter of the previous year, the company recorded earnings of $ 0.52 per share. Research badysts predict that Amazon.com, Inc. will post 4.24 earnings per share for the current year.
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Amazon.com, Inc. offers a range of products and services through its websites. The Company operates through three segments: North America, International and Amazon Web Services (AWS). The Company's products include merchandise and content that it buys for resale of suppliers and those offered by third-party vendors.
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