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

Amazon.com, Inc. (NASDAQ:AMZN) CEO Douglas J. Herrington sold 3,500 shares of the stock in a transaction that occurred on Wednesday, May 1st. The stock was sold at an average price of $180.29, for a total value of $631,015.00. Following the transaction, the chief executive officer now owns 509,358 shares in the company, valued at approximately $91,832,153.82. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.

Amazon.com Trading Up 0.8 %

Shares of Amazon.com stock traded up $1.49 during trading hours on Friday, reaching $186.21. The stock had a trading volume of 39,100,673 shares, compared to its average volume of 44,260,461. The company has a current ratio of 1.07, a quick ratio of 0.84 and a debt-to-equity ratio of 0.27. Amazon.com, Inc. has a 1 year low of $103.31 and a 1 year high of $189.77. The firm has a market capitalization of $1.93 trillion, a price-to-earnings ratio of 52.16, a P/E/G ratio of 1.55 and a beta of 1.15. The firm has a 50 day simple moving average of $178.79 and a two-hundred day simple moving average of $159.95.

Amazon.com (NASDAQ:AMZN) last announced its quarterly earnings results on Tuesday, April 30th. The e-commerce giant reported $0.98 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.83 by $0.15. Amazon.com had a return on equity of 19.86% and a net margin of 6.38%. The firm had revenue of $143.31 billion during the quarter, compared to the consensus estimate of $142.65 billion. During the same period in the prior year, the firm earned $0.31 EPS. The firm’s quarterly revenue was up 12.5% compared to the same quarter last year. As a group, equities research analysts anticipate that Amazon.com, Inc. will post 4.12 earnings per share for the current year.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on the stock. Stifel Nicolaus upped their target price on shares of Amazon.com from $224.00 to $228.00 and gave the stock a “buy” rating in a report on Wednesday. Roth Mkm reiterated a “buy” rating and issued a $210.00 price objective (up previously from $205.00) on shares of Amazon.com in a report on Wednesday. Needham & Company LLC restated a “buy” rating and set a $205.00 target price on shares of Amazon.com in a report on Wednesday. Oppenheimer increased their price target on Amazon.com from $210.00 to $220.00 and gave the company an “outperform” rating in a report on Wednesday. Finally, UBS Group boosted their price objective on Amazon.com from $215.00 to $217.00 and gave the stock a “buy” rating in a research note on Wednesday. One research analyst has rated the stock with a hold rating, forty-four have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, Amazon.com presently has a consensus rating of “Buy” and a consensus price target of $211.07.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of AMZN. Cooksen Wealth LLC purchased a new position in shares of Amazon.com during the 4th quarter valued at approximately $30,000. PayPay Securities Corp boosted its stake in Amazon.com by 54.3% during the 3rd quarter. PayPay Securities Corp now owns 267 shares of the e-commerce giant’s stock valued at $34,000 after acquiring an additional 94 shares during the last quarter. E Fund Management Hong Kong Co. Ltd. grew its holdings in Amazon.com by 45.0% during the 4th 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 in the last quarter. Strid Group LLC acquired a new stake in shares of Amazon.com in the 4th quarter valued at about $43,000. Finally, Harbor Investment Advisory LLC lifted its position 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 worth $46,000 after purchasing an additional 1,988 shares during the last quarter. 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.