Amazon.com (NASDAQ:AMZN) CEO Sells $558,725.00 in Stock

Key Points

• Amazon.com CEO Douglas Herrington sold 2,500 shares on September 2nd for a total of $558,725, reducing his stake in the company by 0.48%.
• Amazon's stock recently traded at $235.68 with a market capitalization of $2.51 trillion and a PE ratio of 35.93.
• Brokerage firms have raised their price targets for Amazon, with Bank of America setting a new objective of $272.00 and a consensus rating of "Buy" among analysts.

Amazon.com, Inc. (NASDAQ:AMZN) CEO Douglas Herrington sold 2,500 shares of the stock in a transaction that occurred on Tuesday, September 2nd. The stock was sold at an average price of $223.49, for a total transaction of $558,725.00. Following the completion of the transaction, the chief executive officer owned 518,007 shares in the company, valued at $115,769,384.43. This trade represents a 0.48% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

Amazon.com Stock Performance

Amazon.com stock traded up $9.69 during midday trading on Thursday, hitting $235.68. The stock had a trading volume of 59,256,743 shares, compared to its average volume of 43,960,762. The firm's fifty day moving average is $225.19 and its two-hundred day moving average is $208.04. The company has a market capitalization of $2.51 trillion, a PE ratio of 35.93, a P/E/G ratio of 1.54 and a beta of 1.30. Amazon.com, Inc. has a 52-week low of $161.38 and a 52-week high of $242.52. 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 released its earnings results on Thursday, July 31st. The e-commerce giant reported $1.68 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.31 by $0.37. The company had revenue of $167.70 billion during the quarter, compared to analyst estimates of $161.80 billion. Amazon.com had a net margin of 10.54% and a return on equity of 23.84%. The firm's quarterly revenue was up 13.3% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.26 EPS. Amazon.com has set its Q3 2025 guidance at EPS. On average, research analysts forecast that Amazon.com, Inc. will post 6.31 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on AMZN. Bank of America increased their price objective on shares of Amazon.com from $265.00 to $272.00 and gave the company a "buy" rating in a report on Friday, August 1st. Telsey Advisory Group reissued an "outperform" rating and issued a $265.00 target price on shares of Amazon.com in a report on Wednesday, August 13th. JPMorgan Chase & Co. raised their price target on Amazon.com from $255.00 to $265.00 and gave the stock an "overweight" rating in a research report on Friday, August 1st. Morgan Stanley restated an "overweight" rating and issued a $300.00 price target on shares of Amazon.com in a research report on Thursday, August 14th. Finally, Stifel Nicolaus raised their price target on Amazon.com from $245.00 to $262.00 and gave the stock a "buy" rating in a research report on Tuesday, July 29th. Two investment 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, Amazon.com currently has a consensus rating of "Buy" and an average target price of $262.87.

Institutional Trading of Amazon.com

Several institutional investors and hedge funds have recently made changes to their positions in the business. Reynders McVeigh Capital Management LLC lifted its position in shares of Amazon.com by 7.1% during the second quarter. Reynders McVeigh Capital Management LLC now owns 176,450 shares of the e-commerce giant's stock worth $38,711,000 after purchasing an additional 11,688 shares during the last quarter. SevenBridge Financial Group LLC lifted its position in shares of Amazon.com by 1.3% during the second quarter. SevenBridge Financial Group LLC now owns 69,833 shares of the e-commerce giant's stock worth $15,466,000 after purchasing an additional 897 shares during the last quarter. American Trust lifted its position in shares of Amazon.com by 26.7% during the second quarter. American Trust now owns 31,105 shares of the e-commerce giant's stock worth $6,824,000 after purchasing an additional 6,547 shares during the last quarter. PVG Asset Management Corp increased its stake in shares of Amazon.com by 3.2% during the second quarter. PVG Asset Management Corp now owns 4,296 shares of the e-commerce giant's stock valued at $942,000 after buying an additional 132 shares during the period. Finally, Evolution Wealth Management Inc. purchased a new position in shares of Amazon.com during the second quarter valued at $661,000. 72.20% of the stock is currently owned by 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.

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