Amazon.com, Inc. (NASDAQ:AMZN) CEO Douglas J. Herrington Sells 2,500 Shares

Amazon.com, Inc. (NASDAQ:AMZN) CEO Douglas J. Herrington sold 2,500 shares of Amazon.com stock in a transaction on Tuesday, July 1st. The stock was sold at an average price of $220.06, for a total transaction of $550,150.00. Following the sale, the chief executive officer directly owned 514,550 shares in the company, valued at approximately $113,231,873. This trade represents a 0.48% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.

Amazon.com Stock Up 1.5%

AMZN stock traded up $3.21 during midday trading on Thursday, hitting $223.13. The company's stock had a trading volume of 29,632,353 shares, compared to its average volume of 41,973,367. The firm has a 50-day simple moving average of $205.03 and a 200-day simple moving average of $208.83. The firm has a market capitalization of $2.37 trillion, a P/E ratio of 36.34, a PEG ratio of 1.66 and a beta of 1.33. The company has a quick ratio of 0.84, a current ratio of 1.05 and a debt-to-equity ratio of 0.17. Amazon.com, Inc. has a 52-week low of $151.61 and a 52-week high of $242.52.

Amazon.com (NASDAQ:AMZN - Get Free Report) last announced its quarterly earnings data on Thursday, May 1st. The e-commerce giant reported $1.59 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.38 by $0.21. The business had revenue of $155.67 billion for the quarter, compared to analysts' expectations of $154.96 billion. Amazon.com had a return on equity of 24.14% and a net margin of 10.14%. The company's revenue for the quarter was up 8.6% compared to the same quarter last year. During the same period last year, the firm earned $0.98 earnings per share. As a group, equities analysts forecast that Amazon.com, Inc. will post 6.31 EPS for the current year.

Institutional Investors Weigh In On Amazon.com

Several large investors have recently bought and sold shares of AMZN. Trinity Financial Advisors LLC boosted its stake in shares of Amazon.com by 111.0% in the 2nd quarter. Trinity Financial Advisors LLC now owns 14,322 shares of the e-commerce giant's stock valued at $3,142,000 after buying an additional 7,534 shares during the period. Arvest Investments Inc. increased its stake in shares of Amazon.com by 145.3% during the second quarter. Arvest Investments Inc. now owns 17,540 shares of the e-commerce giant's stock worth $3,848,000 after buying an additional 10,389 shares during the period. TrueWealth Advisors LLC raised its holdings in Amazon.com by 3.7% in the second quarter. TrueWealth Advisors LLC now owns 8,704 shares of the e-commerce giant's stock valued at $1,910,000 after acquiring an additional 311 shares in the last quarter. McLean Asset Management Corp lifted its stake in Amazon.com by 6.2% in the second quarter. McLean Asset Management Corp now owns 10,330 shares of the e-commerce giant's stock worth $2,272,000 after acquiring an additional 604 shares during the last quarter. Finally, Sage Capital Advisors llc grew its holdings in Amazon.com by 0.4% during the 2nd quarter. Sage Capital Advisors llc now owns 74,124 shares of the e-commerce giant's stock worth $16,262,000 after acquiring an additional 275 shares in the last quarter. Hedge funds and other institutional investors own 72.20% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on the stock. JPMorgan Chase & Co. raised their price target on shares of Amazon.com from $225.00 to $240.00 and gave the stock an "overweight" rating in a research note on Wednesday, June 4th. Rosenblatt Securities raised their target price on shares of Amazon.com from $287.00 to $288.00 and gave the stock a "buy" rating in a research note on Friday, May 2nd. The Goldman Sachs Group dropped their price target on Amazon.com from $255.00 to $220.00 and set a "buy" rating for the company in a research report on Tuesday, April 22nd. Needham & Company LLC reiterated a "buy" rating and set a $220.00 price objective on shares of Amazon.com in a research report on Friday, May 2nd. Finally, Jefferies Financial Group lowered their price objective on Amazon.com from $250.00 to $240.00 and set a "buy" rating on the stock in a research note on Tuesday, April 22nd. Three investment analysts have rated the stock with a hold rating, forty-five have assigned a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $245.60.

Amazon.com Company Profile

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.

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