Amazon.com, Inc. (NASDAQ:AMZN) CEO Sells $631,015.00 in Stock

Amazon.com, Inc. (NASDAQ:AMZN) CEO Douglas J. Herrington sold 3,500 shares of the business’s stock in a transaction on Wednesday, May 1st. The stock was sold at an average price of $180.29, for a total transaction of $631,015.00. Following the completion of the sale, the chief executive officer now owns 509,358 shares in the company, valued at approximately $91,832,153.82. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link.

Amazon.com Stock Up 0.8 %

AMZN opened at $186.21 on Monday. The company has a fifty day moving average of $179.02 and a two-hundred day moving average of $160.75. The stock has a market capitalization of $1.94 trillion, a price-to-earnings ratio of 52.16, a PEG ratio of 1.38 and a beta of 1.15. Amazon.com, Inc. has a fifty-two week low of $103.31 and a fifty-two week high of $189.77. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.84 and a current ratio of 1.07.

Amazon.com (NASDAQ:AMZN) last released its quarterly earnings results on Tuesday, April 30th. The e-commerce giant reported $0.98 earnings per share for the quarter, topping analysts’ consensus estimates of $0.83 by $0.15. The company had revenue of $143.31 billion during the quarter, compared to analysts’ expectations of $142.65 billion. Amazon.com had a return on equity of 19.86% and a net margin of 6.38%. Amazon.com’s quarterly revenue was up 12.5% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.31 EPS. On average, research analysts expect that Amazon.com, Inc. will post 4.67 earnings per share for the current year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the business. Cooksen Wealth LLC acquired a new stake in Amazon.com in the 4th quarter worth about $30,000. PayPay Securities Corp boosted its stake in shares of Amazon.com by 54.3% in the third quarter. PayPay Securities Corp now owns 267 shares of the e-commerce giant’s stock worth $34,000 after acquiring an additional 94 shares during the last quarter. E Fund Management Hong Kong Co. Ltd. increased its position in shares of Amazon.com by 45.0% during the fourth quarter. E Fund Management Hong Kong Co. Ltd. now owns 277 shares of the e-commerce giant’s stock worth $42,000 after purchasing an additional 86 shares in the last quarter. Strid Group LLC acquired a new position in Amazon.com in the 4th quarter valued at $43,000. Finally, Harbor Investment Advisory LLC lifted its holdings in Amazon.com by 0.7% in the 4th quarter. Harbor Investment Advisory LLC now owns 299,959 shares of the e-commerce giant’s stock valued at $46,000 after purchasing an additional 1,988 shares in the last quarter. Hedge funds and other institutional investors own 72.20% of the company’s stock.

Analyst Ratings Changes

A number of analysts have recently weighed in on the stock. Maxim Group reduced their target price on shares of Amazon.com from $318.00 to $238.00 and set a “buy” rating on the stock in a report on Wednesday, May 1st. Telsey Advisory Group boosted their target price on Amazon.com from $200.00 to $215.00 and gave the company an “outperform” rating in a research report on Wednesday, May 1st. Wells Fargo & Company raised their price target on Amazon.com from $217.00 to $234.00 and gave the stock an “overweight” rating in a research report on Wednesday, May 1st. BMO Capital Markets boosted their price objective on shares of Amazon.com from $215.00 to $220.00 and gave the company an “outperform” rating in a research report on Wednesday, May 1st. Finally, TD Cowen increased their target price on shares of Amazon.com from $200.00 to $225.00 and gave the company an “outperform” rating in a research note on Friday, February 2nd. One analyst has rated the stock with a hold rating, forty-four have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Buy” and a consensus price target of $211.07.

About Amazon.com

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.