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

Amazon.com, Inc. (NASDAQ:AMZN) CEO Douglas J. Herrington sold 3,500 shares of the stock in a transaction on Monday, July 1st. The stock was sold at an average price of $195.99, for a total value of $685,965.00. Following the sale, the chief executive officer now directly owns 519,753 shares in the company, valued at $101,866,390.47. The transaction was disclosed in a filing with the SEC, which is accessible through this link.

Amazon.com Price Performance

AMZN opened at $197.59 on Thursday. Amazon.com, Inc. has a 1 year low of $118.35 and a 1 year high of $200.43. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.07 and a quick ratio of 0.87. The company has a market capitalization of $2.06 trillion, a price-to-earnings ratio of 55.35, a P/E/G ratio of 1.43 and a beta of 1.15. The firm’s fifty day moving average price is $184.68 and its two-hundred day moving average price is $173.98.

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

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on the company. Rosenblatt Securities reiterated a “buy” rating and issued a $220.00 price target on shares of Amazon.com in a research note on Wednesday, May 1st. DA Davidson reiterated a “buy” rating and issued a $235.00 target price on shares of Amazon.com in a research report on Thursday, April 18th. BMO Capital Markets increased their target price on shares of Amazon.com from $215.00 to $220.00 and gave the stock an “outperform” rating in a report on Wednesday, May 1st. Mizuho lifted their price target on shares of Amazon.com from $230.00 to $240.00 and gave the company a “buy” rating in a report on Wednesday, May 1st. Finally, Maxim Group lowered their price objective on shares of Amazon.com from $318.00 to $238.00 and set a “buy” rating for the company in a research report on Wednesday, May 1st. One analyst has rated the stock with a hold rating, forty-three have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Buy” and a consensus target price of $215.86.

Institutional Trading of 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 4th quarter valued at $30,000. E Fund Management Hong Kong Co. Ltd. raised its position in 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 acquiring an additional 86 shares during the period. Strid Group LLC purchased a new position in Amazon.com in the fourth quarter valued at about $43,000. Harbor Investment Advisory LLC grew its position in shares of Amazon.com by 0.7% during the 4th 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. Finally, Clarity Asset Management Inc. purchased a new stake in shares of Amazon.com during the 4th quarter worth approximately $46,000. 72.20% of the stock is owned by hedge funds and other institutional investors.

Amazon.com Company Profile

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.