Douglas Herrington Sells 1,000 Shares of Amazon.com (NASDAQ:AMZN) Stock

Amazon.com, Inc. (NASDAQ:AMZN) CEO Douglas Herrington sold 1,000 shares of the company’s stock in a transaction on Monday, March 2nd. The shares were sold at an average price of $204.25, for a total value of $204,250.00. Following the sale, the chief executive officer directly owned 521,361 shares of the company’s stock, valued at approximately $106,487,984.25. This represents a 0.19% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink.

Amazon.com Stock Up 3.9%

NASDAQ AMZN traded up $8.09 during trading on Wednesday, reaching $216.82. 54,592,884 shares of the company’s stock were exchanged, compared to its average volume of 53,549,102. The company’s fifty day simple moving average is $225.79 and its 200-day simple moving average is $227.47. The company has a current ratio of 1.05, a quick ratio of 0.88 and a debt-to-equity ratio of 0.16. Amazon.com, Inc. has a fifty-two week low of $161.38 and a fifty-two week high of $258.60. The firm has a market capitalization of $2.33 trillion, a PE ratio of 30.24, a P/E/G ratio of 1.56 and a beta of 1.40.

Amazon.com (NASDAQ:AMZNGet Free Report) last issued its quarterly earnings data on Thursday, February 5th. The e-commerce giant reported $1.95 earnings per share for the quarter, missing the consensus estimate of $1.97 by ($0.02). Amazon.com had a net margin of 10.83% and a return on equity of 21.87%. The business had revenue of $213.39 billion for the quarter, compared to the consensus estimate of $211.02 billion. During the same period in the previous year, the business posted $1.86 EPS. Amazon.com’s revenue was up 13.6% compared to the same quarter last year. Sell-side analysts predict that Amazon.com, Inc. will post 6.31 EPS for the current year.

Institutional Trading of Amazon.com

Several institutional investors and hedge funds have recently modified their holdings of the business. Norges Bank purchased a new stake in Amazon.com during the fourth quarter worth about $32,868,735,000. J. Stern & Co. LLP grew its stake in Amazon.com by 20,598.0% during the fourth quarter. J. Stern & Co. LLP now owns 87,982,814 shares of the e-commerce giant’s stock valued at $20,308,193,000 after acquiring an additional 87,557,736 shares in the last quarter. Nuveen LLC bought a new position in shares of Amazon.com in the first quarter worth $11,674,091,000. Cardano Risk Management B.V. increased its stake in Amazon.com by 879.4% in the 4th quarter. Cardano Risk Management B.V. now owns 27,862,400 shares of the e-commerce giant’s stock worth $6,431,199,000 after acquiring an additional 25,017,588 shares during the last quarter. Finally, Vanguard Group Inc. raised its stake in Amazon.com by 2.1% in the second quarter. Vanguard Group Inc. now owns 849,721,601 shares of the e-commerce giant’s stock valued at $186,420,422,000 after purchasing an additional 17,447,045 shares in the last quarter. 72.20% of the stock is currently owned by institutional investors.

Trending Headlines about Amazon.com

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Analysts Set New Price Targets

A number of research analysts have commented on AMZN shares. Jefferies Financial Group reaffirmed a “buy” rating on shares of Amazon.com in a report on Monday, February 2nd. Truist Financial dropped their target price on shares of Amazon.com from $290.00 to $280.00 and set a “buy” rating for the company in a research note on Friday, February 6th. BNP Paribas Exane initiated coverage on Amazon.com in a report on Monday, November 24th. They issued an “outperform” rating on the stock. Arete Research lifted their target price on shares of Amazon.com from $283.00 to $285.00 and gave the stock a “buy” rating in a report on Wednesday, February 11th. Finally, Argus reaffirmed a “buy” rating and issued a $325.00 price target on shares of Amazon.com in a research note on Friday, February 6th. One equities research analyst has rated the stock with a Strong Buy rating, fifty-three have assigned a Buy rating and four have issued a Hold rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $287.29.

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About Amazon.com

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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.

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

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