Amazon.com, Inc (NASDAQ:AMZN) decided to purchase its 11-building headquarters complex in Seattle in a $1.16 billion deal and poised to be the major United States office deal of the year.
Amazon, the biggest online retailer worldwide, reported in a filing with the United States Securities and Exchange Commission on Friday that the campus has 1.8 million square feet or 167,000 square meters of space in the South Lake Union neighborhood.
The online retailer reported that it’s made a nonrefundable deposit of around $23 million, which will surge to $51 million on Oct 22. The company anticipates completing the deal in the Q4.
Managing director at real estate research firm Real Capital Analytics Inc Dan Fasulo reported that the terms of the deal would make the deal 2012’s priciest purchase of a single office property anywhere in the United States.
Shifting reader’s focus to broader market, let us consider market performance of other stocks that significantly affect same sector. CafePress Inc (NASDAQ:PRSS) rose +0.24% to settle at $8.52, eBay Inc (NASDAQ:EBAY) moved down -1.54% to end at $48.73 while Overstock.com, Inc. (NASDAQ:OSTK) jumped +2.00% to finish at $10.72 on Friday.
Amazon.com, Inc. (NASDAQ:AMZN) last session’s volume of 2.81 million shares was lower than its average volume of 3.15 million shares. The stock after opening at $261.20 hit high price of $261.90 and then closed at $258.51 by scoring -0.75%.
AMZN generated revenue of $54.33 billion in the previous twelve months and earned $377.00 million. The Company showed a positive 0.60% in the net profit margin as well as in its operating margin which remained at 1.17%. Company’s annual sales growth for the past five years was 35.03%.
The AMZN’s past twelve months’ price to sales ratio was 2.15 and price to cash ratio remained 23.51. As far as the returns are concerned, AMZN’s return on equity was recorded as 4.94% and return on investment increased 3.29% while its return on asset stayed at 1.68%.
The stock showed weekly upbeat performance of 1.65% which was maintained for the month at 2.84%. Likewise the positive performance for the quarter was recorded as 14.87% and for the year was 16.70% while the YTD performance remained at 49.34%.
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