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

Key Points

• Douglas J. Herrington, CEO of Amazon.com, sold 2,500 shares at an average price of $217.00, totaling $542,500, reducing his ownership by 0.49%, but he still holds approximately 512,050 shares.
• Amazon reported earnings of $1.68 per share for the last quarter, surpassing estimates by $0.37 and achieving quarterly revenues of $167.70 billion, which is up 13.3% year-over-year.
• Analysts have a consensus rating of "Buy" on Amazon, with target prices ranging up to $275.00, reflecting strong bullish sentiment towards the company's growth potential.

Amazon.com, Inc. (NASDAQ:AMZN) CEO Douglas J. Herrington sold 2,500 shares of the company's stock in a transaction dated Friday, August 1st. The shares were sold at an average price of $217.00, for a total transaction of $542,500.00. Following the sale, the chief executive officer owned 512,050 shares of the company's stock, valued at approximately $111,114,850. The trade was a 0.49% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

Amazon.com Price Performance

Amazon.com stock traded up $2.10 during mid-day trading on Tuesday, reaching $213.75. 51,330,264 shares of the company were exchanged, compared to its average volume of 45,114,516. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.02 and a quick ratio of 0.81. Amazon.com, Inc. has a 12 month low of $158.54 and a 12 month high of $242.52. The firm has a market cap of $2.27 trillion, a PE ratio of 32.58, a PEG ratio of 1.57 and a beta of 1.31. The company has a fifty day simple moving average of $218.42 and a 200-day simple moving average of $208.93.

Amazon.com (NASDAQ:AMZN - Get Free Report) last posted its quarterly earnings results on Thursday, July 31st. The e-commerce giant reported $1.68 earnings per share for the quarter, beating analysts' consensus estimates of $1.31 by $0.37. Amazon.com had a net margin of 10.54% and a return on equity of 23.84%. The company had revenue of $167.70 billion for the quarter, compared to the consensus estimate of $161.80 billion. During the same period last year, the company posted $1.26 EPS. The firm's quarterly revenue was up 13.3% compared to the same quarter last year. As a group, equities research analysts expect that Amazon.com, Inc. will post 6.31 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Amazon.com

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Barlow Wealth Partners Inc. lifted its stake in Amazon.com by 0.4% in the second quarter. Barlow Wealth Partners Inc. now owns 12,565 shares of the e-commerce giant's stock valued at $2,763,000 after acquiring an additional 44 shares during the last quarter. Northern Capital Management Inc. increased its position in Amazon.com by 0.6% in the 4th quarter. Northern Capital Management Inc. now owns 7,353 shares of the e-commerce giant's stock valued at $1,613,000 after acquiring an additional 45 shares during the period. Ridgecrest Wealth Partners LLC increased its position in Amazon.com by 0.5% during the 2nd quarter. Ridgecrest Wealth Partners LLC now owns 8,399 shares of the e-commerce giant's stock valued at $1,843,000 after purchasing an additional 45 shares during the period. Probity Advisors Inc. lifted its stake in shares of Amazon.com by 0.4% in the 2nd quarter. Probity Advisors Inc. now owns 12,157 shares of the e-commerce giant's stock valued at $2,667,000 after purchasing an additional 45 shares during the period. Finally, Balanced Wealth Group LLC grew its holdings in Amazon.com by 1.6% in the fourth quarter. Balanced Wealth Group LLC now owns 2,966 shares of the e-commerce giant's stock worth $705,000 after purchasing an additional 48 shares during the period. 72.20% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on AMZN shares. Citizens Jmp began coverage on shares of Amazon.com in a research report on Thursday, July 10th. They set a "strong-buy" rating on the stock. BNP Paribas raised shares of Amazon.com from a "hold" rating to a "strong-buy" rating in a research note on Friday, June 27th. The Goldman Sachs Group restated a "buy" rating on shares of Amazon.com in a report on Friday. Benchmark reiterated a "buy" rating and set a $260.00 target price on shares of Amazon.com in a report on Friday, May 2nd. Finally, Barclays raised their target price on Amazon.com from $240.00 to $275.00 and gave the company an "overweight" rating in a research note on Friday. One investment analyst has rated the stock with a hold rating, forty-seven have issued a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of "Buy" and a consensus target price of $262.45.

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.

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