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

Key Points

• Amazon CEO Douglas Herrington sold 2,500 shares on Dec. 1 at an average price of $233.22 for a total of $583,050, leaving him with 505,934 shares (a 0.49% ownership decrease, valued at about $117.99M).
• Amazon reported a Q3 beat with EPS of $1.95 versus a $1.57 estimate and revenue of $180.17B (up 13.4% y/y), and analysts maintain a consensus "Moderate Buy" with a $296.11 price target.

Amazon.com, Inc. (NASDAQ:AMZN) CEO Douglas Herrington sold 2,500 shares of the company's stock in a transaction that occurred on Monday, December 1st. The stock was sold at an average price of $233.22, for a total transaction of $583,050.00. Following the transaction, the chief executive officer owned 505,934 shares of the company's stock, valued at approximately $117,993,927.48. This represents a 0.49% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

Amazon.com Price Performance

Amazon.com stock traded down $2.04 during mid-day trading on Wednesday, reaching $232.38. The company had a trading volume of 35,396,590 shares, compared to its average volume of 45,222,031. The business has a fifty day simple moving average of $227.92 and a 200 day simple moving average of $223.55. The company has a market cap of $2.48 trillion, a P/E ratio of 32.82, a P/E/G ratio of 1.61 and a beta of 1.37. Amazon.com, Inc. has a fifty-two week low of $161.38 and a fifty-two week high of $258.60. The company has a current ratio of 1.01, a quick ratio of 0.80 and a debt-to-equity ratio of 0.14.

Amazon.com (NASDAQ:AMZN - Get Free Report) last announced its quarterly earnings results on Thursday, October 30th. The e-commerce giant reported $1.95 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.57 by $0.38. Amazon.com had a net margin of 11.06% and a return on equity of 23.62%. The company had revenue of $180.17 billion during the quarter, compared to the consensus estimate of $177.53 billion. During the same period in the prior year, the business earned $1.43 earnings per share. The company's revenue for the quarter was up 13.4% compared to the same quarter last year. On average, equities research analysts predict that Amazon.com, Inc. will post 6.31 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on AMZN shares. KeyCorp increased their target price on Amazon.com from $300.00 to $303.00 and gave the company an "overweight" rating in a research report on Friday, October 31st. Weiss Ratings reaffirmed a "buy (b-)" rating on shares of Amazon.com in a research note on Monday. Rothschild & Co Redburn reiterated a "neutral" rating and issued a $250.00 price objective on shares of Amazon.com in a report on Tuesday, November 18th. William Blair reissued an "outperform" rating on shares of Amazon.com in a report on Monday, November 3rd. Finally, Royal Bank Of Canada restated a "buy" rating and issued a $300.00 price target on shares of Amazon.com in a research report on Tuesday. One equities research analyst has rated the stock with a Strong Buy rating, fifty-seven have given a Buy rating and three have given a Hold rating to the company's stock. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $296.11.

Institutional Investors Weigh In On Amazon.com

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Strategic Investment Solutions Inc. IL raised its holdings in shares of Amazon.com by 15.9% in the 3rd quarter. Strategic Investment Solutions Inc. IL now owns 14,005 shares of the e-commerce giant's stock worth $2,946,000 after acquiring an additional 1,926 shares during the last quarter. Standard Investments LLC increased its holdings in Amazon.com by 92.1% during the 3rd quarter. Standard Investments LLC now owns 1,673,000 shares of the e-commerce giant's stock worth $367,341,000 after purchasing an additional 802,000 shares in the last quarter. IFP Advisors Inc raised its stake in shares of Amazon.com by 1.0% in the third quarter. IFP Advisors Inc now owns 165,061 shares of the e-commerce giant's stock worth $36,243,000 after purchasing an additional 1,606 shares during the last quarter. Swiss Life Asset Management Ltd lifted its holdings in shares of Amazon.com by 3.4% in the third quarter. Swiss Life Asset Management Ltd now owns 2,311,501 shares of the e-commerce giant's stock valued at $507,536,000 after purchasing an additional 75,703 shares in the last quarter. Finally, Innova Wealth Partners lifted its holdings in shares of Amazon.com by 26.5% in the third quarter. Innova Wealth Partners now owns 4,054 shares of the e-commerce giant's stock valued at $890,000 after purchasing an additional 850 shares in the last quarter. 72.20% of the stock is owned by institutional investors.

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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