Amazon.com (NASDAQ:AMZN) CEO Douglas Herrington Sells 4,784 Shares

Amazon.com, Inc. (NASDAQ:AMZN) CEO Douglas Herrington sold 4,784 shares of the business’s stock in a transaction that occurred on Tuesday, February 17th. The stock was sold at an average price of $198.37, for a total transaction of $949,002.08. Following the completion of the transaction, the chief executive officer owned 512,109 shares of the company’s stock, valued at $101,587,062.33. This trade represents a 0.93% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink.

Amazon.com Trading Up 1.8%

AMZN traded up $3.64 during midday trading on Wednesday, reaching $204.79. 50,891,996 shares of the company were exchanged, compared to its average volume of 55,075,301. The stock has a market capitalization of $2.20 trillion, a P/E ratio of 28.56, a PEG ratio of 1.27 and a beta of 1.37. Amazon.com, Inc. has a one year low of $161.38 and a one year high of $258.60. The stock’s 50-day simple moving average is $229.59 and its 200 day simple moving average is $228.48. The company has a debt-to-equity ratio of 0.16, a quick ratio of 0.88 and a current ratio of 1.05.

Amazon.com (NASDAQ:AMZNGet Free Report) last announced its earnings results on Thursday, February 5th. The e-commerce giant reported $1.95 EPS for the quarter, missing the consensus estimate of $1.97 by ($0.02). The company had revenue of $213.39 billion for the quarter, compared to analyst estimates of $211.02 billion. Amazon.com had a return on equity of 21.87% and a net margin of 10.83%.The business’s quarterly revenue was up 13.6% on a year-over-year basis. During the same quarter last year, the business posted $1.86 earnings per share. As a group, analysts forecast that Amazon.com, Inc. will post 6.31 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

AMZN has been the subject of several research analyst reports. Raymond James Financial lowered their price objective on shares of Amazon.com from $260.00 to $225.00 and set an “outperform” rating for the company in a research report on Friday, February 6th. JPMorgan Chase & Co. restated a “buy” rating on shares of Amazon.com in a research report on Friday, February 6th. Citizens Jmp lifted their target price on Amazon.com from $300.00 to $315.00 and gave the company an “outperform” rating in a research report on Monday, February 2nd. Canaccord Genuity Group set a $300.00 target price on Amazon.com and gave the stock a “buy” rating in a research note on Friday, October 31st. Finally, Scotiabank restated an “outperform” rating and issued a $275.00 price target (down from $300.00) on shares of Amazon.com in a research note on Friday, February 6th. One investment analyst has rated the stock with a Strong Buy rating, fifty-three have assigned a Buy rating and four have assigned a Hold rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $287.30.

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Amazon.com News Summary

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

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of AMZN. Beartown Capital Management LLC purchased a new stake in Amazon.com during the 4th quarter valued at $237,000. Strive Financial Group LLC bought a new position in shares of Amazon.com during the fourth quarter valued at about $4,639,000. First Commonwealth Financial Corp PA raised its stake in shares of Amazon.com by 1.9% during the fourth quarter. First Commonwealth Financial Corp PA now owns 23,517 shares of the e-commerce giant’s stock valued at $5,428,000 after acquiring an additional 448 shares during the last quarter. Blue Sparrow LLC DE bought a new stake in shares of Amazon.com in the fourth quarter worth about $95,398,000. Finally, Mercer Global Advisors Inc. ADV increased its holdings in Amazon.com by 14.3% during the 4th quarter. Mercer Global Advisors Inc. ADV now owns 2,120,444 shares of the e-commerce giant’s stock valued at $493,399,000 after purchasing an additional 265,625 shares during the period. 72.20% of the stock is currently owned by hedge funds and other institutional investors.

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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