Amazon.com, Inc. (NASDAQ:AMZN) CEO Douglas J. Herrington Sells 3,500 Shares

Amazon.com, Inc. (NASDAQ:AMZN) CEO Douglas J. Herrington sold 3,500 shares of the company’s stock in a transaction on Monday, June 3rd. The shares were sold at an average price of $177.29, for a total value of $620,515.00. Following the completion of the transaction, the chief executive officer now directly owns 523,253 shares in the company, valued at approximately $92,767,524.37. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

Amazon.com Stock Up 1.1 %

Amazon.com stock opened at $181.28 on Thursday. The firm has a market cap of $1.89 trillion, a price-to-earnings ratio of 50.78, a price-to-earnings-growth ratio of 1.28 and a beta of 1.14. Amazon.com, Inc. has a 52 week low of $118.35 and a 52 week high of $191.70. The business’s 50-day moving average price is $182.36 and its 200 day moving average price is $168.28. The company has a quick ratio of 0.87, a current ratio of 1.07 and a debt-to-equity ratio of 0.27.

Amazon.com (NASDAQ:AMZNGet Free Report) last posted its earnings results on Tuesday, April 30th. The e-commerce giant reported $0.98 EPS for the quarter, topping the consensus estimate of $0.83 by $0.15. The firm had revenue of $143.31 billion for the quarter, compared to analyst estimates of $142.65 billion. Amazon.com had a return on equity of 19.86% and a net margin of 6.38%. Amazon.com’s revenue for the quarter was up 12.5% compared to the same quarter last year. During the same period last year, the company earned $0.31 earnings per share. As a group, sell-side analysts anticipate that Amazon.com, Inc. will post 4.72 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several brokerages have commented on AMZN. Truist Financial upped their price objective on Amazon.com from $216.00 to $220.00 and gave the company a “buy” rating in a research report on Wednesday, May 1st. Loop Capital upped their price objective on Amazon.com from $215.00 to $225.00 and gave the company a “buy” rating in a research report on Monday, May 6th. Wedbush reaffirmed an “outperform” rating and issued a $225.00 price objective on shares of Amazon.com in a research report on Wednesday, May 1st. UBS Group upped their target price on Amazon.com from $215.00 to $217.00 and gave the stock a “buy” rating in a report on Wednesday, May 1st. Finally, DA Davidson reiterated a “buy” rating and issued a $235.00 target price on shares of Amazon.com in a report on Thursday, April 18th. One research analyst has rated the stock with a hold rating, forty-four have issued a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Buy” and a consensus target price of $212.40.

Read Our Latest Research Report on Amazon.com

Institutional Trading of Amazon.com

Several hedge funds and other institutional investors have recently bought and sold shares of AMZN. Garrison Point Advisors LLC boosted its position in Amazon.com by 0.3% during the first quarter. Garrison Point Advisors LLC now owns 20,375 shares of the e-commerce giant’s stock worth $3,675,000 after purchasing an additional 55 shares in the last quarter. Ridgecrest Wealth Partners LLC boosted its position in Amazon.com by 0.7% during the first quarter. Ridgecrest Wealth Partners LLC now owns 7,755 shares of the e-commerce giant’s stock worth $1,399,000 after purchasing an additional 56 shares in the last quarter. Stordahl Capital Management Inc. boosted its position in Amazon.com by 2.1% during the first quarter. Stordahl Capital Management Inc. now owns 2,763 shares of the e-commerce giant’s stock worth $498,000 after purchasing an additional 56 shares in the last quarter. Lutz Financial Services LLC boosted its position in Amazon.com by 1.9% during the first quarter. Lutz Financial Services LLC now owns 3,053 shares of the e-commerce giant’s stock worth $551,000 after purchasing an additional 57 shares in the last quarter. Finally, O Dell Group LLC boosted its position in Amazon.com by 0.4% during the first quarter. O Dell Group LLC now owns 13,638 shares of the e-commerce giant’s stock worth $2,460,000 after purchasing an additional 57 shares in the last quarter. 72.20% of the stock is owned by institutional investors and hedge funds.

About Amazon.com

(Get Free Report)

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.

Further Reading

Insider Buying and Selling by Quarter for Amazon.com (NASDAQ:AMZN)

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