Amazon.com (NASDAQ:AMZN) CEO Douglas Herrington Sells 3,741 Shares of Stock

Amazon.com, Inc. (NASDAQ:AMZN) CEO Douglas Herrington sold 3,741 shares of the business’s stock in a transaction that occurred on Monday, August 17th. The shares were sold at an average price of $262.76, for a total value of $982,985.16. Following the completion of the sale, the chief executive officer directly owned 467,138 shares in the company, valued at approximately $122,745,180.88. The trade was a 0.79% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Amazon.com Price Performance

AMZN stock opened at $265.84 on Thursday. The business’s fifty day moving average price is $249.09 and its 200 day moving average price is $239.06. Amazon.com, Inc. has a 12-month low of $196.00 and a 12-month high of $287.20. The company has a current ratio of 1.03, a quick ratio of 0.87 and a debt-to-equity ratio of 0.23. The company has a market capitalization of $2.87 trillion, a PE ratio of 21.39, a P/E/G ratio of 1.73 and a beta of 1.45.

Amazon.com (NASDAQ:AMZNGet Free Report) last announced its earnings results on Thursday, July 30th. The e-commerce giant reported $5.75 EPS for the quarter, beating analysts’ consensus estimates of $1.82 by $3.93. The company had revenue of $200.61 billion during the quarter, compared to analysts’ expectations of $197.03 billion. Amazon.com had a return on equity of 18.00% and a net margin of 17.44%.Amazon.com’s revenue for the quarter was up 19.6% on a year-over-year basis. During the same period last year, the business posted $1.68 EPS. On average, sell-side analysts anticipate that Amazon.com, Inc. will post 8.05 EPS for the current year.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on AMZN shares. Piper Sandler reissued an “overweight” rating and issued a $320.00 price target (up from $315.00) on shares of Amazon.com in a research report on Friday, July 31st. China Renaissance lifted their target price on Amazon.com from $300.00 to $326.00 and gave the company a “buy” rating in a report on Tuesday, May 5th. Benchmark boosted their target price on Amazon.com from $370.00 to $400.00 and gave the stock a “buy” rating in a research note on Friday, July 31st. Phillip Securities downgraded Amazon.com from a “strong-buy” rating to a “moderate buy” rating in a report on Monday, August 3rd. Finally, TD Cowen reiterated a “buy” rating and issued a $350.00 price objective (up from $340.00) on shares of Amazon.com in a research note on Friday, July 31st. One equities research analyst has rated the stock with a Strong Buy rating, fifty-six have issued a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $322.56.

Read Our Latest Stock Report on Amazon.com

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the business. Vanguard Group Inc. boosted its stake in Amazon.com by 1.1% in the first quarter. Vanguard Group Inc. now owns 832,274,556 shares of the e-commerce giant’s stock valued at $158,348,557,000 after acquiring an additional 8,913,959 shares in the last quarter. State Street Corp grew its stake in Amazon.com by 1.8% during the 4th quarter. State Street Corp now owns 388,653,121 shares of the e-commerce giant’s stock worth $89,708,913,000 after buying an additional 6,971,680 shares during the last quarter. Geode Capital Management LLC grew its stake in Amazon.com by 1.1% during the 4th quarter. Geode Capital Management LLC now owns 225,120,994 shares of the e-commerce giant’s stock worth $51,753,622,000 after buying an additional 2,479,324 shares during the last quarter. Norges Bank purchased a new stake in Amazon.com in the fourth quarter valued at approximately $32,868,735,000. Finally, Auto Owners Insurance Co boosted its holdings in shares of Amazon.com by 27,376.7% in the fourth quarter. Auto Owners Insurance Co now owns 98,448,885 shares of the e-commerce giant’s stock valued at $2,272,397,000 after acquiring an additional 98,090,585 shares during the period. 72.20% of the stock is owned by institutional investors and hedge funds.

More Amazon.com News

Here are the key news stories impacting Amazon.com this week:

  • Positive Sentiment: Prime Air expansion: Amazon plans to expand drone delivery to nearly 500 U.S. cities and towns by year-end, roughly six times its current coverage. Packages weighing up to five pounds could arrive in as little as 30 minutes, strengthening Amazon’s delivery advantage and offering a potential long-term efficiency benefit. Amazon to expand drone service to nearly 500 cities
  • Positive Sentiment: AWS and AI momentum: AWS reportedly grew 37% year over year to $42.2 billion in the latest quarter, its fastest expansion in 18 quarters, while its AI business surpassed a $25 billion annualized revenue run rate. Investors view the reacceleration as evidence that heavy AI spending is translating into cloud demand. Amazon’s AI business passed a $25 billion run rate
  • Positive Sentiment: Large infrastructure commitment: Amazon increased its planned investment in northwest Louisiana from $12 billion to approximately $18 billion, adding a third data-center campus and funding power and water infrastructure. The move signals confidence in sustained AWS demand and helps secure scarce electricity capacity for future growth. Amazon Plugs $18B Into the Southern Power Grid
  • Positive Sentiment: Anthropic exposure: Amazon’s investment in Anthropic could become substantially more valuable if the AI company achieves the reported IPO valuation. Anthropic’s growth also supports AWS through cloud-hosting commitments and demand for Amazon’s Bedrock platform. Amazon’s Stake in Anthropic Could Be Worth Over $400 Billion

About Amazon.com

(Get Free Report)

Amazon.com, Inc is a diversified technology and retail company best known for its e-commerce marketplace and broad portfolio of consumer and enterprise services. Founded by Jeff Bezos in 1994 and headquartered in Seattle, Washington, the company launched as an online bookseller and expanded into a global retail platform that sells products directly to consumers and provides a marketplace for third-party sellers. Over time Amazon has grown beyond retail into areas including cloud computing, digital media, devices and logistics.

Key businesses and offerings include Amazon’s online marketplace and fulfillment services, the Amazon Prime membership program (which bundles expedited shipping with streaming and other benefits), Amazon Web Services (AWS) which supplies on-demand cloud computing and storage to businesses and public-sector customers, and a range of content and advertising services such as Prime Video and Amazon Advertising.

Further Reading

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

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