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

Amazon.com, Inc. (NASDAQ:AMZN) CEO Douglas J. Herrington sold 4,784 shares of the company’s stock in a transaction on Thursday, May 15th. The shares were sold at an average price of $205.05, for a total value of $980,959.20. Following the sale, the chief executive officer now owns 514,150 shares of the company’s stock, valued at approximately $105,426,457.50. This trade represents a 0.92% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website.

Amazon.com Stock Up 0.3%

Shares of AMZN stock traded up $0.57 during trading on Monday, reaching $206.16. The company’s stock had a trading volume of 34,235,970 shares, compared to its average volume of 41,958,084. The company has a market capitalization of $2.19 trillion, a price-to-earnings ratio of 37.28, a P/E/G ratio of 1.50 and a beta of 1.30. The stock’s 50-day moving average price is $189.33 and its 200 day moving average price is $208.77. Amazon.com, Inc. has a 1-year low of $151.61 and a 1-year high of $242.52. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.06 and a quick ratio of 0.87.

Amazon.com (NASDAQ:AMZN) last posted its earnings results on Thursday, May 1st. The e-commerce giant reported $1.59 EPS for the quarter, beating analysts’ consensus estimates of $1.38 by $0.21. The firm had revenue of $155.67 billion for the quarter, compared to the consensus estimate of $154.96 billion. Amazon.com had a net margin of 9.29% and a return on equity of 24.25%. The company’s revenue was up 8.6% on a year-over-year basis. During the same period last year, the firm posted $0.98 EPS. On average, research analysts anticipate that Amazon.com, Inc. will post 6.31 EPS for the current year.

Institutional Trading of Amazon.com

Institutional investors have recently added to or reduced their stakes in the stock. Castlekeep Investment Advisors LLC purchased a new stake in shares of Amazon.com during the fourth quarter worth about $25,000. Accordant Advisory Group Inc lifted its position in Amazon.com by 400.0% during the fourth quarter. Accordant Advisory Group Inc now owns 125 shares of the e-commerce giant’s stock worth $27,000 after buying an additional 100 shares during the period. Prudent Man Investment Management Inc. acquired a new stake in Amazon.com in the 4th quarter worth about $27,000. LSV Asset Management purchased a new stake in Amazon.com in the fourth quarter valued at approximately $35,000. Finally, Cooksen Wealth LLC purchased a new position in shares of Amazon.com in the 1st quarter worth $36,000. Hedge funds and other institutional investors own 72.20% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have issued reports on AMZN. Jefferies Financial Group cut their price target on Amazon.com from $250.00 to $240.00 and set a “buy” rating for the company in a research note on Tuesday, April 22nd. Piper Sandler reaffirmed an “overweight” rating and issued a $212.00 target price (down from $215.00) on shares of Amazon.com in a report on Friday, May 2nd. Canaccord Genuity Group reaffirmed a “buy” rating on shares of Amazon.com in a report on Thursday, February 13th. Citizens Jmp reduced their price objective on Amazon.com from $285.00 to $240.00 and set an “outperform” rating on the stock in a research note on Monday, April 14th. Finally, Wedbush restated an “outperform” rating and set a $235.00 price target (up previously from $225.00) on shares of Amazon.com in a report on Friday, May 2nd. Four equities research analysts have rated the stock with a hold rating and forty-four have assigned a buy rating to the stock. According to data from MarketBeat, Amazon.com currently has an average rating of “Moderate Buy” and an average price target of $244.09.

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.