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

Amazon.com, Inc. (NASDAQ:AMZN) CEO Douglas J. Herrington sold 3,500 shares of the company’s stock in a transaction dated Thursday, August 1st. The stock was sold at an average price of $189.25, for a total value of $662,375.00. Following the completion of the transaction, the chief executive officer now owns 503,753 shares in the company, valued at $95,335,255.25. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

Amazon.com Trading Down 4.1 %

NASDAQ:AMZN traded down $6.88 on Monday, hitting $161.02. The stock had a trading volume of 82,855,328 shares, compared to its average volume of 43,535,969. The company has a quick ratio of 0.87, a current ratio of 1.07 and a debt-to-equity ratio of 0.27. The stock has a market cap of $1.68 trillion, a price-to-earnings ratio of 44.45, a PEG ratio of 1.32 and a beta of 1.15. The company has a fifty day moving average price of $187.12 and a two-hundred day moving average price of $179.92. Amazon.com, Inc. has a 1-year low of $118.35 and a 1-year high of $201.20.

Hedge Funds Weigh In On Amazon.com

Institutional investors and hedge funds have recently bought and sold shares of the company. Collective Family Office LLC lifted its holdings in Amazon.com by 9.7% during the 1st quarter. Collective Family Office LLC now owns 9,278 shares of the e-commerce giant’s stock worth $1,674,000 after buying an additional 819 shares in the last quarter. Members Trust Co boosted its stake in Amazon.com by 8.9% during the 4th quarter. Members Trust Co now owns 4,157 shares of the e-commerce giant’s stock worth $638,000 after purchasing an additional 341 shares during the period. Phillips Wealth Planners LLC lifted its stake in shares of Amazon.com by 9.2% in the 1st quarter. Phillips Wealth Planners LLC now owns 2,655 shares of the e-commerce giant’s stock worth $487,000 after acquiring an additional 224 shares during the period. LifePlan Financial LLC acquired a new stake in shares of Amazon.com in the 4th quarter worth $1,276,000. Finally, Legacy CG LLC lifted its stake in shares of Amazon.com by 8.2% in the fourth quarter. Legacy CG LLC now owns 55,645 shares of the e-commerce giant’s stock valued at $8,455,000 after purchasing an additional 4,217 shares during the period. 72.20% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities analysts have weighed in on the company. Piper Sandler decreased their target price on Amazon.com from $220.00 to $215.00 and set an “overweight” rating on the stock in a research note on Friday. Needham & Company LLC upped their price objective on Amazon.com from $205.00 to $210.00 and gave the stock a “buy” rating in a report on Wednesday, July 17th. Robert W. Baird upped their price objective on Amazon.com from $210.00 to $213.00 and gave the stock an “outperform” rating in a report on Friday, June 21st. Citigroup upped their price objective on Amazon.com from $235.00 to $245.00 and gave the stock a “buy” rating in a report on Wednesday, May 1st. Finally, Wells Fargo & Company upped their price objective on Amazon.com from $234.00 to $239.00 and gave the stock an “overweight” rating in a report on Friday, June 28th. One 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. Based on data from MarketBeat, the company presently has a consensus rating of “Buy” and an average price target of $222.58.

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.