Douglas Herrington Sells 4,784 Shares of Amazon.com (NASDAQ:AMZN) Stock

Key Points

• Douglas Herrington, CEO of Amazon.com, sold 4,784 shares of the company's stock for approximately $1.11 million, reducing his total ownership by 0.93% to 510,255 shares.
• Amazon.com shares experienced a 1.5% decline during trading, reaching $228.01, with a current market cap of $2.43 trillion.
• Recent analyst upgrades have led to increased price targets for Amazon.com, with estimates ranging from $250.00 to $300.00 as the company maintains a strong "buy" consensus rating.

Amazon.com, Inc. (NASDAQ:AMZN) CEO Douglas Herrington sold 4,784 shares of the business's stock in a transaction dated Friday, August 15th. The shares were sold at an average price of $232.32, for a total value of $1,111,418.88. Following the completion of the sale, the chief executive officer directly owned 510,255 shares of the company's stock, valued at $118,542,441.60. The trade was a 0.93% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Amazon.com Stock Down 1.5%

Shares of NASDAQ AMZN traded down $3.48 during mid-day trading on Tuesday, reaching $228.01. 29,812,600 shares of the company's stock traded hands, compared to its average volume of 44,719,344. The stock has a market cap of $2.43 trillion, a P/E ratio of 34.76, a PEG ratio of 1.56 and a beta of 1.31. The business has a 50-day simple moving average of $221.70 and a 200 day simple moving average of $208.21. Amazon.com, Inc. has a 1-year low of $161.38 and a 1-year high of $242.52. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.02 and a quick ratio of 0.81.

Amazon.com (NASDAQ:AMZN - Get Free Report) last issued its quarterly earnings data on Thursday, July 31st. The e-commerce giant reported $1.68 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.31 by $0.37. The firm 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 business's revenue was up 13.3% on a year-over-year basis. During the same period last year, the company earned $1.26 earnings per share. Amazon.com has set its Q3 2025 guidance at EPS. On average, analysts expect that Amazon.com, Inc. will post 6.31 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on AMZN. Rosenblatt Securities boosted their price target on shares of Amazon.com from $288.00 to $297.00 and gave the company a "buy" rating in a research report on Friday, August 1st. Truist Financial upped their target price on shares of Amazon.com from $226.00 to $250.00 and gave the stock a "buy" rating in a report on Wednesday, July 2nd. Morgan Stanley reaffirmed an "overweight" rating and set a $300.00 target price on shares of Amazon.com in a report on Thursday, August 14th. Susquehanna upped their target price on shares of Amazon.com from $225.00 to $260.00 and gave the stock a "positive" rating in a report on Friday, August 1st. Finally, Piper Sandler upped their target price on shares of Amazon.com from $250.00 to $255.00 and gave the stock an "overweight" rating in a report on Friday, August 1st. Two investment analysts have rated the stock with a Strong Buy rating, forty-six have issued a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat, Amazon.com presently has an average rating of "Buy" and a consensus price target of $262.87.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the stock. Vanguard Group Inc. raised its holdings in Amazon.com by 2.1% in 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 purchasing an additional 17,447,045 shares in the last quarter. State Street Corp increased its stake in shares of Amazon.com by 1.4% in the 2nd quarter. State Street Corp now owns 374,097,285 shares of the e-commerce giant's stock worth $82,073,203,000 after acquiring an additional 5,163,208 shares in the last quarter. FMR LLC increased its stake in shares of Amazon.com by 0.5% in the 4th quarter. FMR LLC now owns 328,464,225 shares of the e-commerce giant's stock worth $72,061,766,000 after acquiring an additional 1,725,664 shares in the last quarter. Geode Capital Management LLC increased its stake in shares of Amazon.com by 1.7% in the 2nd quarter. Geode Capital Management LLC now owns 216,717,657 shares of the e-commerce giant's stock worth $47,332,625,000 after acquiring an additional 3,721,658 shares in the last quarter. Finally, Price T Rowe Associates Inc. MD increased its stake in shares of Amazon.com by 2.3% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 182,813,905 shares of the e-commerce giant's stock worth $40,107,544,000 after acquiring an additional 4,087,933 shares in the last quarter. 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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