Amazon.com, Inc. (NASDAQ:AMZN) CEO Douglas J. Herrington Sells 6,843 Shares

Amazon.com, Inc. (NASDAQ:AMZN) CEO Douglas J. Herrington sold 6,843 shares of the company's stock in a transaction on Wednesday, May 21st. The shares were sold at an average price of $200.77, for a total transaction of $1,373,869.11. Following the completion of the sale, the chief executive officer now directly owns 519,550 shares of the company's stock, valued at $104,310,053.50. This trade represents a 1.30% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

Amazon.com Stock Up 2.5%

NASDAQ:AMZN traded up $5.03 during mid-day trading on Tuesday, reaching $206.02. The company's stock had a trading volume of 34,776,251 shares, compared to its average volume of 41,992,480. The firm has a market capitalization of $2.19 trillion, a PE ratio of 37.25, a price-to-earnings-growth ratio of 1.50 and a beta of 1.30. The stock has a fifty day moving average of $190.38 and a 200-day moving average of $208.73. Amazon.com, Inc. has a 1 year low of $151.61 and a 1 year high of $242.52. The company has a quick ratio of 0.87, a current ratio of 1.06 and a debt-to-equity ratio of 0.18.

Amazon.com (NASDAQ:AMZN - Get Free Report) last released its quarterly earnings results on Thursday, May 1st. The e-commerce giant reported $1.59 EPS for the quarter, beating the consensus estimate of $1.38 by $0.21. The business had revenue of $155.67 billion during the quarter, compared to analyst estimates of $154.96 billion. Amazon.com had a net margin of 9.29% and a return on equity of 24.25%. The company's quarterly revenue was up 8.6% on a year-over-year basis. During the same period in the prior year, the firm posted $0.98 earnings per share. Equities research analysts forecast that Amazon.com, Inc. will post 6.31 earnings per share for the current year.

Analyst Ratings Changes

Several equities research analysts have recently commented on the stock. Wells Fargo & Company dropped their target price on shares of Amazon.com from $207.00 to $203.00 and set an "equal weight" rating for the company in a research report on Tuesday, February 25th. Deutsche Bank Aktiengesellschaft dropped their target price on shares of Amazon.com from $287.00 to $206.00 and set a "buy" rating for the company in a research report on Monday, April 14th. Royal Bank of Canada dropped their target price on shares of Amazon.com from $235.00 to $230.00 and set an "outperform" rating for the company in a research report on Friday, May 2nd. Oppenheimer dropped their target price on shares of Amazon.com from $260.00 to $220.00 and set an "outperform" rating for the company in a research report on Monday, April 28th. Finally, Bank of America lowered their price target on shares of Amazon.com from $257.00 to $225.00 and set a "buy" rating for the company in a research report on Wednesday, April 9th. Four equities research analysts have rated the stock with a hold rating and forty-four have given a buy rating to the company's stock. Based on data from MarketBeat.com, Amazon.com has an average rating of "Moderate Buy" and an average price target of $244.09.

Institutional Trading of Amazon.com

Several hedge funds have recently modified their holdings of AMZN. Castlekeep Investment Advisors LLC purchased a new position in shares of Amazon.com in the 4th quarter valued at approximately $25,000. Accordant Advisory Group Inc raised its position in shares of Amazon.com by 400.0% in the 4th quarter. Accordant Advisory Group Inc now owns 125 shares of the e-commerce giant's stock valued at $27,000 after purchasing an additional 100 shares during the last quarter. Prudent Man Investment Management Inc. purchased a new position in shares of Amazon.com in the 4th quarter valued at approximately $27,000. LSV Asset Management purchased a new position in shares of Amazon.com in the 4th quarter valued at approximately $35,000. Finally, Cooksen Wealth LLC purchased a new position in shares of Amazon.com in the 1st quarter valued at approximately $36,000. 72.20% of the stock is owned by hedge funds and other institutional investors.

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.