Amazon.com, Inc. (NASDAQ:AMZN) CEO Douglas J. Herrington Sells 4,000 Shares

Amazon.com, Inc. (NASDAQ:AMZN) CEO Douglas J. Herrington sold 4,000 shares of the business’s stock in a transaction that occurred on Friday, September 1st. The shares were sold at an average price of $139.48, for a total transaction of $557,920.00. Following the transaction, the chief executive officer now directly owns 526,316 shares of the company’s stock, valued at $73,410,555.68. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Amazon.com Price Performance

AMZN stock opened at $137.85 on Friday. Amazon.com, Inc. has a 52 week low of $81.43 and a 52 week high of $143.63. The company has a quick ratio of 0.70, a current ratio of 0.95 and a debt-to-equity ratio of 0.37. The company has a fifty day simple moving average of $133.60 and a two-hundred day simple moving average of $117.10. The firm has a market capitalization of $1.42 trillion, a P/E ratio of 108.54, a price-to-earnings-growth ratio of 1.82 and a beta of 1.24.

Amazon.com (NASDAQ:AMZN) last released its quarterly earnings data on Thursday, August 3rd. The e-commerce giant reported $0.63 EPS for the quarter, beating the consensus estimate of $0.34 by $0.29. Amazon.com had a net margin of 2.43% and a return on equity of 9.14%. The business had revenue of $134.38 billion during the quarter, compared to analyst estimates of $131.54 billion. Analysts anticipate that Amazon.com, Inc. will post 2.23 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on the stock. Barclays boosted their price objective on shares of Amazon.com from $140.00 to $180.00 and gave the company an “overweight” rating in a report on Monday, August 7th. Wolfe Research upped their target price on shares of Amazon.com from $140.00 to $150.00 in a report on Monday, July 10th. TD Cowen upped their target price on shares of Amazon.com from $150.00 to $165.00 and gave the company an “outperform” rating in a report on Friday, August 4th. Susquehanna upped their target price on shares of Amazon.com from $150.00 to $185.00 and gave the company a “positive” rating in a report on Friday, August 4th. Finally, Truist Financial upped their target price on shares of Amazon.com from $144.00 to $176.00 and gave the company a “buy” rating in a report on Friday, August 4th. Three equities research analysts have rated the stock with a hold rating and forty-seven have given a buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $160.87.

Institutional Investors Weigh In On Amazon.com

Hedge funds and other institutional investors have recently made changes to their positions in the company. St. James Investment Advisors LLC raised its stake in shares of Amazon.com by 97.7% in the fourth quarter. St. James Investment Advisors LLC now owns 344 shares of the e-commerce giant’s stock valued at $29,000 after acquiring an additional 170 shares during the period. Laurel Wealth Planning LLC increased its stake in Amazon.com by 1,900.0% in the 2nd quarter. Laurel Wealth Planning LLC now owns 320 shares of the e-commerce giant’s stock worth $34,000 after buying an additional 304 shares during the period. Sanctuary Wealth Management L.L.C. purchased a new position in Amazon.com in the 4th quarter worth about $37,000. Swaine & Leidel Wealth Services LLC purchased a new position in Amazon.com in the 1st quarter worth about $38,000. Finally, Ruedi Wealth Management Inc. purchased a new position in Amazon.com in the 4th quarter worth about $40,000. Hedge funds and other institutional investors own 57.96% of the company’s stock.

About Amazon.com

Amazon.com, Inc engages in the retail sale of consumer products and subscriptions through online and physical stores in North America and internationally. It operates through three segments: North America, International, and Amazon Web Services (AWS). The company's products offered through its stores include merchandise and content purchased for resale; and products offered by third-party sellers.