Amazon.com, Inc. (NASDAQ:AMZN) CEO Sells $631,015.00 in Stock

Amazon.com, Inc. (NASDAQ:AMZN) CEO Douglas J. Herrington sold 3,500 shares of the company’s stock in a transaction dated Wednesday, May 1st. The shares were sold at an average price of $180.29, for a total transaction of $631,015.00. Following the completion of the transaction, the chief executive officer now directly owns 509,358 shares of the company’s stock, valued at $91,832,153.82. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink.

Amazon.com Price Performance

NASDAQ:AMZN opened at $186.21 on Monday. The company has a quick ratio of 0.84, a current ratio of 1.07 and a debt-to-equity ratio of 0.27. The business’s 50-day moving average price is $179.02 and its 200 day moving average price is $160.75. Amazon.com, Inc. has a 52-week low of $103.31 and a 52-week high of $189.77. The firm has a market cap of $1.94 trillion, a P/E ratio of 52.16, a PEG ratio of 1.38 and a beta of 1.15.

Amazon.com (NASDAQ:AMZN) last announced its quarterly earnings data on Tuesday, April 30th. The e-commerce giant reported $0.98 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.83 by $0.15. Amazon.com had a net margin of 6.38% and a return on equity of 19.86%. The company had revenue of $143.31 billion for the quarter, compared to analysts’ expectations of $142.65 billion. During the same quarter in the previous year, the company posted $0.31 EPS. The business’s revenue was up 12.5% compared to the same quarter last year. As a group, sell-side analysts predict that Amazon.com, Inc. will post 4.67 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of research analysts recently commented on AMZN shares. Wedbush reissued an “outperform” rating and issued a $225.00 price target on shares of Amazon.com in a report on Wednesday, May 1st. Argus raised their price target on shares of Amazon.com from $185.00 to $205.00 and gave the stock a “buy” rating in a research report on Thursday. The Goldman Sachs Group lifted their price target on shares of Amazon.com from $220.00 to $225.00 and gave the stock a “buy” rating in a research note on Wednesday, May 1st. Barclays increased their price objective on shares of Amazon.com from $220.00 to $230.00 and gave the company an “overweight” rating in a research note on Wednesday, May 1st. Finally, Bank of America upped their target price on shares of Amazon.com from $185.00 to $204.00 and gave the company a “buy” rating in a research note on Friday, February 2nd. One analyst has rated the stock with a hold rating, forty-four have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Buy” and an average target price of $211.07.

Institutional Investors Weigh In On Amazon.com

A number of institutional investors and hedge funds have recently modified their holdings of AMZN. Cooksen Wealth LLC purchased a new stake in shares of Amazon.com during the fourth quarter valued at $30,000. PayPay Securities Corp lifted its stake in Amazon.com by 54.3% during the third quarter. PayPay Securities Corp now owns 267 shares of the e-commerce giant’s stock valued at $34,000 after buying an additional 94 shares in the last quarter. E Fund Management Hong Kong Co. Ltd. boosted its holdings in shares of Amazon.com by 45.0% in the fourth quarter. E Fund Management Hong Kong Co. Ltd. now owns 277 shares of the e-commerce giant’s stock worth $42,000 after buying an additional 86 shares during the period. Strid Group LLC purchased a new position in shares of Amazon.com in the fourth quarter worth approximately $43,000. Finally, Harbor Investment Advisory LLC raised its holdings in shares of Amazon.com by 0.7% during the fourth quarter. Harbor Investment Advisory LLC now owns 299,959 shares of the e-commerce giant’s stock valued at $46,000 after acquiring an additional 1,988 shares during the period. Institutional investors and hedge funds own 72.20% of the company’s stock.

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.