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

Amazon.com, Inc. (NASDAQ:AMZN) CEO Douglas Herrington sold 1,000 shares of the company’s stock in a transaction on Thursday, October 1st. The shares were sold at an average price of $251.50, for a total transaction of $251,500.00. Following the completion of the sale, the chief executive officer directly owned 474,681 shares in the company, valued at $119,382,271.50. This trade represents a 0.21% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Amazon.com Stock Performance

Shares of Amazon.com stock traded down $0.12 during trading on Monday, hitting $251.40. 37,606,426 shares of the company’s stock were exchanged, compared to its average volume of 46,816,602. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.87 and a current ratio of 1.03. The business has a 50-day simple moving average of $257.06 and a 200-day simple moving average of $248.51. Amazon.com, Inc. has a 52-week low of $196.00 and a 52-week high of $287.20. The stock has a market capitalization of $2.71 trillion, a price-to-earnings ratio of 20.23, a PEG ratio of 1.95 and a beta of 1.45.

Amazon.com (NASDAQ:AMZN) last issued its quarterly earnings data on Thursday, July 30th. The e-commerce giant reported $5.75 earnings per share for the quarter, topping analysts’ consensus estimates of $1.82 by $3.93. Amazon.com had a net margin of 17.44% and a return on equity of 18.00%. The business had revenue of $200.61 billion during the quarter, compared to the consensus estimate of $197.03 billion. During the same quarter in the prior year, the firm posted $1.68 earnings per share. The company’s revenue was up 19.6% compared to the same quarter last year. On average, research analysts forecast that Amazon.com, Inc. will post 8.01 EPS for the current year.

Trending Headlines about Amazon.com

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

• Positive Sentiment: Analyst support: TD Cowen reaffirmed its “Buy” rating and set a $350 price target, implying substantial upside from recent levels. TD Cowen Reaffirms Buy Rating for Amazon
• Positive Sentiment: AI infrastructure expansion: Amazon is reportedly exploring a structure to sell approximately $8 billion of Nvidia chips to outside investors and lease them back. The arrangement could improve capital flexibility and reduce the amount of hardware carried directly on Amazon’s balance sheet, although it also highlights the scale of its AI investment. Amazon Reportedly Seeks to Move $8 Billion of Nvidia Chips Off Its Balance Sheet
• Positive Sentiment: AWS talent and technology: AWS hired former Microsoft Copilot technology chief Pedram Rezaei to help develop Amazon’s Kiro coding tool and Quick workplace assistant, strengthening its push into agentic AI. AWS also says rapidly falling AI costs could broaden adoption. Amazon Hires a Microsoft AI Leader
• Positive Sentiment: Power and community strategy: Amazon’s agreement supporting more than $3 billion of investment at Maryland’s Calvert Cliffs nuclear plant and its separate $1 billion community program could help secure power and reduce opposition to future data centers. Amazon’s Data Center Community Investment
• Neutral Sentiment: Holiday sales catalyst: Prime Big Deal Days and Amazon’s holiday promotions provide a near-term test of consumer demand and fourth-quarter e-commerce growth. Amazon Readies Prime Big Deal Days
• Negative Sentiment: Return-on-investment concerns: Analysts warn that Amazon, Microsoft and Google may need trillions of dollars in additional annual AI revenue to justify current infrastructure spending. Data-center backlash, power constraints and competition from Microsoft’s integrated software ecosystem add execution risk. The AI Industry’s $4.2 Trillion Revenue Challenge

Wall Street Analysts Forecast Growth

A number of research analysts have commented on the stock. HSBC reaffirmed a “buy” rating and issued a $310.00 target price on shares of Amazon.com in a research report on Friday, July 31st. Barclays reissued an “overweight” rating and issued a $365.00 price target (up from $330.00) on shares of Amazon.com in a research note on Friday, July 31st. Truist Financial increased their price objective on shares of Amazon.com from $320.00 to $350.00 and gave the stock a “buy” rating in a research report on Friday, July 31st. BMO Capital Markets reiterated an “outperform” rating and issued a $360.00 target price (up from $355.00) on shares of Amazon.com in a report on Tuesday, July 28th. Finally, Royal Bank Of Canada boosted their target price on Amazon.com from $320.00 to $330.00 and gave the company an “outperform” rating in a research report on Friday, July 31st. Fifty-six investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. Based on data from MarketBeat, Amazon.com currently has an average rating of “Moderate Buy” and an average price target of $321.63.

Institutional Trading of Amazon.com

Large investors have recently made changes to their positions in the company. Red Crane Wealth Management LLC raised its stake in Amazon.com by 2.3% in the first quarter. Red Crane Wealth Management LLC now owns 1,663 shares of the e-commerce giant’s stock valued at $346,000 after buying an additional 38 shares in the last quarter. Robinson Smith Wealth Advisors LLC increased its holdings in shares of Amazon.com by 0.7% in the 1st quarter. Robinson Smith Wealth Advisors LLC now owns 5,509 shares of the e-commerce giant’s stock valued at $1,147,000 after acquiring an additional 40 shares during the last quarter. Sfam LLC increased its holdings in shares of Amazon.com by 3.4% in the 1st quarter. Sfam LLC now owns 1,224 shares of the e-commerce giant’s stock valued at $255,000 after acquiring an additional 40 shares during the last quarter. Measured Risk Portfolios Inc. raised its position in shares of Amazon.com by 3.4% during the 1st quarter. Measured Risk Portfolios Inc. now owns 1,206 shares of the e-commerce giant’s stock worth $251,000 after acquiring an additional 40 shares in the last quarter. Finally, CoreFirst Bank & Trust raised its position in shares of Amazon.com by 1.1% during the 1st quarter. CoreFirst Bank & Trust now owns 3,620 shares of the e-commerce giant’s stock worth $754,000 after acquiring an additional 40 shares in the last quarter. 72.20% of the stock is currently owned by hedge funds and other institutional investors.

About Amazon.com

Amazon.com, Inc is a global technology and commerce company that operates online marketplaces, physical stores, and a broad portfolio of digital and cloud-based services. The company offers consumer products across categories such as electronics, household goods, apparel, groceries, and entertainment, while also providing third-party sellers with tools for listing, selling, and fulfilling orders.

Amazon’s major businesses include Amazon Web Services (AWS), which provides cloud computing, storage, database, analytics, and artificial intelligence services; Prime, a membership program that includes shipping, streaming, and other benefits; and digital entertainment services such as Prime Video, Amazon Music, Kindle, and Audible.