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Amazon.com, Inc. (NASDAQ:AMZN) announced a Not Available dividend on Tuesday, December 20th, Zacks reports. Stockholders of record on Wednesday, December 28th will be paid a dividend of 0.20 per share by the e-commerce giant on Monday, January 9th. The ex-dividend date of this dividend is Tuesday, December 27th.
Amazon.com Stock Performance
Amazon.com stock opened at $85.46 on Thursday. The firm has a fifty day simple moving average of $97.67 and a two-hundred day simple moving average of $113.63. Amazon.com has a twelve month low of $84.33 and a twelve month high of $172.94. The company has a market capitalization of $871.83 billion, a PE ratio of 79.64, a P/E/G ratio of 6.10 and a beta of 1.19. The company has a quick ratio of 0.68, a current ratio of 0.94 and a debt-to-equity ratio of 0.43.
Amazon.com (NASDAQ:AMZN – Get Rating) last announced its quarterly earnings results on Thursday, October 27th. The e-commerce giant reported $0.20 EPS for the quarter, missing analysts’ consensus estimates of $0.22 by ($0.02). The company had revenue of $127.10 billion during the quarter, compared to analysts’ expectations of $127.47 billion. Amazon.com had a return on equity of 14.44% and a net margin of 2.25%. Amazon.com’s revenue for the quarter was up 14.7% on a year-over-year basis. During the same period last year, the firm earned $0.31 earnings per share. Research analysts expect that Amazon.com will post 0.69 EPS for the current year.
Analyst Upgrades and Downgrades
A number of brokerages recently commented on AMZN. Telsey Advisory Group dropped their price target on Amazon.com from $150.00 to $140.00 and set an “outperform” rating for the company in a research note on Friday, October 28th. Rosenblatt Securities cut their target price on shares of Amazon.com from $118.00 to $103.00 and set a “neutral” rating on the stock in a research note on Monday, November 14th. MKM Partners reduced their price target on shares of Amazon.com to $145.00 in a research report on Tuesday, November 1st. Jefferies Financial Group lowered their price objective on shares of Amazon.com from $165.00 to $135.00 and set a “buy” rating for the company in a report on Friday, October 28th. Finally, Wells Fargo & Company reduced their target price on Amazon.com from $200.00 to $155.00 and set an “overweight” rating on the stock in a report on Friday, October 28th. Two investment analysts have rated the stock with a sell rating, three have given a hold rating and forty-one have assigned a buy rating to the company. Based on data from MarketBeat.com, Amazon.com has a consensus rating of “Moderate Buy” and an average target price of $148.65.
Insiders Place Their Bets
In other news, CEO Adam Selipsky sold 345 shares of the company’s stock in a transaction that occurred on Tuesday, November 1st. The stock was sold at an average price of $102.00, for a total transaction of $35,190.00. Following the transaction, the chief executive officer now owns 112,795 shares of the company’s stock, valued at $11,505,090. The transaction was disclosed in a legal filing with the SEC, which is available at this link. In other news, CEO Adam Selipsky sold 345 shares of Amazon.com stock in a transaction on Tuesday, November 1st. The stock was sold at an average price of $102.00, for a total transaction of $35,190.00. Following the completion of the sale, the chief executive officer now directly owns 112,795 shares in the company, valued at $11,505,090. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, major shareholder Amazon Com Inc sold 250,000 shares of the company’s stock in a transaction dated Friday, October 7th. The stock was sold at an average price of $23.61, for a total transaction of $5,902,500.00. Following the completion of the transaction, the insider now owns 14,178,445 shares in the company, valued at $334,753,086.45. The disclosure for this sale can be found here. Insiders sold a total of 303,468 shares of company stock valued at $11,098,019 over the last 90 days. Insiders own 12.70% of the company’s stock.
Institutional Trading of Amazon.com
Several institutional investors and hedge funds have recently modified their holdings of the stock. Clarkston Capital Partners LLC raised its position in Amazon.com by 3.3% during the 3rd quarter. Clarkston Capital Partners LLC now owns 22,350 shares of the e-commerce giant’s stock valued at $2,526,000 after purchasing an additional 710 shares in the last quarter. CoreFirst Bank & Trust boosted its stake in shares of Amazon.com by 3.3% during the third quarter. CoreFirst Bank & Trust now owns 6,180 shares of the e-commerce giant’s stock valued at $698,000 after purchasing an additional 200 shares in the last quarter. Warther Private Wealth LLC bought a new position in shares of Amazon.com during the third quarter valued at approximately $2,027,000. Sentinus LLC purchased a new stake in Amazon.com during the third quarter worth $285,000. Finally, Advisors Capital Management LLC lifted its stake in shares of Amazon.com by 10.1% during the 3rd quarter. Advisors Capital Management LLC now owns 360,863 shares of the e-commerce giant’s stock worth $35,541,000 after purchasing an additional 33,194 shares during the last quarter. Institutional investors own 57.64% of the company’s stock.
About Amazon.com
(Get Rating)
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.
Read More
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