Amazon.com, Inc. (NASDAQ:AMZN) CEO Sells $662,375.00 in Stock

Amazon.com, Inc. (NASDAQ:AMZN) CEO Douglas J. Herrington sold 3,500 shares of the stock in a transaction on Thursday, August 1st. The stock was sold at an average price of $189.25, for a total value of $662,375.00. Following the transaction, the chief executive officer now directly owns 503,753 shares in the company, valued at approximately $95,335,255.25. The transaction was disclosed in a filing with the SEC, which is available at this link.

Amazon.com Stock Performance

NASDAQ AMZN traded down $6.88 on Monday, hitting $161.02. 82,855,328 shares of the company’s stock were exchanged, compared to its average volume of 43,535,969. 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 firm’s 50-day moving average price is $187.12 and its two-hundred day moving average price is $179.92. Amazon.com, Inc. has a fifty-two week low of $118.35 and a fifty-two week high of $201.20. The firm has a market cap of $1.68 trillion, a price-to-earnings ratio of 44.45, a P/E/G ratio of 1.32 and a beta of 1.15.

Analyst Upgrades and Downgrades

AMZN has been the subject of a number of research analyst reports. Barclays increased their price target on Amazon.com from $220.00 to $235.00 and gave the company an “overweight” rating in a research note on Friday. Needham & Company LLC raised their price objective on Amazon.com from $205.00 to $210.00 and gave the company a “buy” rating in a report on Wednesday, July 17th. Benchmark restated a “buy” rating and issued a $200.00 target price on shares of Amazon.com in a research report on Friday. Wolfe Research started coverage on Amazon.com in a research report on Tuesday, July 16th. They set an “outperform” rating and a $250.00 price objective on the stock. Finally, The Goldman Sachs Group reduced their target price on Amazon.com from $250.00 to $230.00 and set a “buy” rating on the stock in a research report on Friday. One research analyst has rated the stock with a hold rating, forty-one have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, Amazon.com presently has a consensus rating of “Buy” and a consensus target price of $222.58.

Institutional Investors Weigh In On Amazon.com

A number of institutional investors and hedge funds have recently modified their holdings of the company. Vanguard Group Inc. grew its holdings in Amazon.com by 1.9% during the 1st quarter. Vanguard Group Inc. now owns 785,811,114 shares of the e-commerce giant’s stock valued at $141,744,609,000 after buying an additional 14,724,687 shares during the last quarter. Norges Bank acquired a new stake in Amazon.com during the fourth quarter worth about $17,700,551,000. Capital Research Global Investors boosted its position in shares of Amazon.com by 8.5% in the first quarter. Capital Research Global Investors now owns 86,982,857 shares of the e-commerce giant’s stock worth $15,689,968,000 after buying an additional 6,810,145 shares during the period. Bank of New York Mellon Corp boosted its position in shares of Amazon.com by 0.4% in the second quarter. Bank of New York Mellon Corp now owns 67,745,972 shares of the e-commerce giant’s stock worth $13,091,909,000 after buying an additional 289,532 shares during the period. Finally, Jennison Associates LLC boosted its holdings in Amazon.com by 0.5% in the first quarter. Jennison Associates LLC now owns 56,666,183 shares of the e-commerce giant’s stock valued at $10,221,446,000 after purchasing an additional 295,132 shares during the last quarter. Institutional investors and hedge funds own 72.20% of the company’s stock.

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.