Amazon.com (NASDAQ:AMZN) CEO Douglas Herrington Sells 6,835 Shares

Key Points

• Douglas Herrington, CEO of Amazon.com, sold 6,835 shares at an average price of $221.62, totaling approximately $1.5 million, and now owns 520,507 shares valued at over $115 million.
• Amazon reported a net margin of 10.54% and beat earnings estimates with $1.68 EPS, up from $1.26 EPS in the same quarter the previous year.
• Analysts maintain a Buy rating on Amazon, with a consensus target price of approximately $262.87, indicating potential for growth.

Amazon.com, Inc. (NASDAQ:AMZN) CEO Douglas Herrington sold 6,835 shares of the firm's stock in a transaction that occurred on Thursday, August 21st. The shares were sold at an average price of $221.62, for a total transaction of $1,514,772.70. Following the completion of the transaction, the chief executive officer owned 520,507 shares in the company, valued at $115,354,761.34. The trade was a 1.30% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website.

Amazon.com Trading Down 0.4%

AMZN traded down $0.90 during trading on Monday, hitting $227.94. 22,446,394 shares of the company's stock were exchanged, compared to its average volume of 44,411,660. Amazon.com, Inc. has a 1 year low of $161.38 and a 1 year high of $242.52. The stock has a 50 day moving average price of $222.63 and a 200 day moving average price of $207.85. The firm has a market cap of $2.43 trillion, a P/E ratio of 34.75, a price-to-earnings-growth ratio of 1.54 and a beta of 1.31. The company has a current ratio of 1.02, a quick ratio of 0.81 and a debt-to-equity ratio of 0.15.

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

Institutional Trading of 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 holdings in Amazon.com by 0.4% during the 2nd quarter. Barlow Wealth Partners Inc. now owns 12,565 shares of the e-commerce giant's stock worth $2,763,000 after buying an additional 44 shares during the last quarter. Ridgecrest Wealth Partners LLC raised its position in shares of 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 acquiring an additional 45 shares in the last quarter. Probity Advisors Inc. lifted its stake in Amazon.com by 0.4% during the second quarter. Probity Advisors Inc. now owns 12,157 shares of the e-commerce giant's stock worth $2,667,000 after purchasing an additional 45 shares during the last quarter. Union Savings Bank lifted its stake in Amazon.com by 0.4% during the second quarter. Union Savings Bank now owns 10,723 shares of the e-commerce giant's stock worth $2,510,000 after purchasing an additional 45 shares during the last quarter. Finally, Doheny Asset Management CA boosted its holdings in Amazon.com by 0.3% in the second quarter. Doheny Asset Management CA now owns 17,821 shares of the e-commerce giant's stock worth $3,910,000 after purchasing an additional 45 shares during the period. Institutional investors own 72.20% of the company's stock.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on the company. Needham & Company LLC reaffirmed a "buy" rating and issued a $265.00 target price on shares of Amazon.com in a research report on Friday, August 1st. Monness Crespi & Hardt boosted their price target on Amazon.com from $265.00 to $275.00 and gave the stock a "buy" rating in a research report on Friday, August 1st. Stifel Nicolaus upped their price target on Amazon.com from $245.00 to $262.00 and gave the stock a "buy" rating in a report on Tuesday, July 29th. Deutsche Bank Aktiengesellschaft lifted their price objective on shares of Amazon.com from $230.00 to $266.00 in a research note on Tuesday, July 22nd. Finally, Bank of America boosted their target price on shares of Amazon.com from $265.00 to $272.00 and gave the stock a "buy" rating in a research report on Friday, August 1st. Two research analysts have rated the stock with a Strong Buy rating, forty-six have issued a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat.com, the stock has a consensus rating of "Buy" and an average price target of $262.87.

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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