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

Key Points

• Amazon.com CEO Douglas Herrington sold 2,500 shares of the company’s stock for a total of $542,750, reducing his ownership by 0.48% to 515,507 shares valued at approximately $111.9 million.
• Amazon's recent earnings report showed a Q2 EPS of $1.68, exceeding analysts' expectations of $1.31, with revenues of $167.7 billion.
• Research analysts have recently increased their price targets for Amazon stock, with estimates ranging from $240 to $285, maintaining an overall strong buy rating.

Amazon.com, Inc. (NASDAQ:AMZN) CEO Douglas Herrington sold 2,500 shares of the business's stock in a transaction dated Wednesday, October 1st. The stock was sold at an average price of $217.10, for a total transaction of $542,750.00. Following the sale, the chief executive officer directly owned 515,507 shares of the company's stock, valued at $111,916,569.70. This represents a 0.48% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.

Amazon.com Price Performance

Shares of AMZN stock traded down $2.90 on Friday, reaching $219.51. 43,554,839 shares of the company were exchanged, compared to its average volume of 44,190,141. The company has a market cap of $2.34 trillion, a price-to-earnings ratio of 33.46, a P/E/G ratio of 1.47 and a beta of 1.28. The business has a 50-day moving average price of $226.79 and a 200 day moving average price of $210.83. The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.81 and a current ratio of 1.02. Amazon.com, Inc. has a 1 year low of $161.38 and a 1 year high of $242.52.

Amazon.com (NASDAQ:AMZN - Get Free Report) last released its earnings results on Thursday, July 31st. The e-commerce giant reported $1.68 EPS for the quarter, topping analysts' consensus estimates of $1.31 by $0.37. The business had revenue of $167.70 billion during the quarter, compared to analysts' expectations of $161.80 billion. Amazon.com had a net margin of 10.54% and a return on equity of 23.84%. The company's quarterly revenue was up 13.3% on a year-over-year basis. During the same quarter in the previous year, the company earned $1.26 earnings per share. Amazon.com has set its Q3 2025 guidance at EPS. Equities research analysts forecast that Amazon.com, Inc. will post 6.31 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

AMZN has been the topic of a number of recent research reports. Deutsche Bank Aktiengesellschaft boosted their price target on shares of Amazon.com from $230.00 to $266.00 in a research report on Tuesday, July 22nd. JMP Securities restated a "market outperform" rating and set a $285.00 price target on shares of Amazon.com in a research report on Friday, August 1st. Royal Bank Of Canada boosted their price target on shares of Amazon.com from $230.00 to $240.00 and gave the stock an "outperform" rating in a research report on Friday, August 1st. Canaccord Genuity Group restated a "buy" rating and set a $280.00 price target on shares of Amazon.com in a research report on Friday, August 1st. Finally, The Goldman Sachs Group boosted their target price on shares of Amazon.com from $240.00 to $275.00 and gave the company a "buy" rating in a report on Friday. Three equities research analysts have rated the stock with a Strong Buy rating, forty-seven have issued a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat.com, the company has an average rating of "Buy" and a consensus price target of $266.26.

Hedge Funds Weigh In On Amazon.com

A number of hedge funds have recently made changes to their positions in AMZN. Kingstone Capital Partners Texas LLC boosted its position in shares of Amazon.com by 542,733.6% during the 2nd quarter. Kingstone Capital Partners Texas LLC now owns 132,641,388 shares of the e-commerce giant's stock worth $29,100,194,000 after purchasing an additional 132,616,953 shares during the period. Norges Bank acquired a new stake in Amazon.com during the 2nd quarter worth approximately $27,438,011,000. Nuveen LLC acquired a new stake in Amazon.com during the 1st quarter worth approximately $11,674,091,000. GAMMA Investing LLC lifted its holdings in Amazon.com by 21,420.5% during the 1st quarter. GAMMA Investing LLC now owns 30,245,061 shares of the e-commerce giant's stock worth $5,754,425,000 after buying an additional 30,104,520 shares in the last quarter. Finally, Vanguard Group Inc. lifted its holdings in Amazon.com by 2.1% during the 2nd quarter. Vanguard Group Inc. now owns 849,721,601 shares of the e-commerce giant's stock worth $186,420,422,000 after buying an additional 17,447,045 shares in the last quarter. Hedge funds and other institutional investors own 72.20% of the company's stock.

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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