Amazon.com (NASDAQ:AMZN) CEO Sells $243,470.00 in Stock

Amazon.com, Inc. (NASDAQ:AMZN) CEO Douglas Herrington sold 1,000 shares of the stock in a transaction dated Monday, November 2nd. The shares were sold at an average price of $243.47, for a total value of $243,470.00. Following the completion of the transaction, the chief executive officer directly owned 473,681 shares in the company, valued at $115,327,113.07. The trade was a 0.21% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Amazon.com Stock Down 0.3%

AMZN opened at $259.30 on Friday. The stock has a market cap of $2.80 trillion, a price-to-earnings ratio of 33.74, a PEG ratio of 1.86 and a beta of 1.49. The company’s 50-day moving average price is $253.96 and its two-hundred day moving average price is $243.57. Amazon.com, Inc. has a twelve month low of $196.00 and a twelve month high of $287.20. The company has a quick ratio of 0.82, a current ratio of 0.99 and a debt-to-equity ratio of 0.28.

Amazon.com (NASDAQ:AMZN) last announced its quarterly earnings results on Thursday, October 29th. The e-commerce giant reported $1.89 EPS for the quarter, missing the consensus estimate of $1.97 by ($0.08). Amazon.com had a net margin of 16.90% and a return on equity of 15.72%. The firm had revenue of $201.94 billion for the quarter, compared to analysts’ expectations of $202.22 billion. During the same quarter in the prior year, the business posted $1.95 EPS. The business’s quarterly revenue was up 12.1% on a year-over-year basis. As a group, equities analysts expect that Amazon.com, Inc. will post 7.80 earnings per share for the current year.

Wall Street Analyst Weigh In

Several brokerages have weighed in on AMZN. BMO Capital Markets reaffirmed an “outperform” rating on shares of Amazon.com in a research report on Tuesday, October 20th. Citizens Jmp cut their price target on shares of Amazon.com from $315.00 to $275.00 and set a “market outperform” rating on the stock in a research note on Friday, October 30th. KeyCorp set a $345.00 target price on shares of Amazon.com and gave the company an “overweight” rating in a research report on Friday, October 30th. Tigress Financial reaffirmed a “buy” rating and set a $385.00 price target (up from $315.00) on shares of Amazon.com in a research report on Tuesday, October 6th. Finally, Wells Fargo & Company lowered their target price on shares of Amazon.com from $329.00 to $326.00 and set an “overweight” rating for the company in a report on Friday, October 30th. Two investment analysts have rated the stock with a Strong Buy rating, fifty-five have assigned a Buy rating and three have given a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $321.74.

Amazon.com News Summary

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

• Positive Sentiment: AWS growth could be a major long-term catalyst. CEO Andy Jassy sees AWS potentially becoming a $1 trillion business over the next decade, with strong AI demand supporting rapid growth. That outlook may help reassure investors that Amazon’s large infrastructure investments can generate substantial future revenue. Article: Amazon’s CEO Andy Jassy Just Announced Huge News for Amazon Investors
• Positive Sentiment: Advertising remains another growth engine. Amazon’s ad revenue grew 12% in the latest quarter, and management expects high-teens growth next, offering a potential boost beyond retail and cloud. Article: Not Alphabet. Not Meta. This Is the Digital Advertising Stock I’d Buy Right Now
• Neutral Sentiment: Amazon is testing text-based shopping with Alexa for selected U.S. customers. The AI assistant can help find products, build carts and complete purchases; the feature could improve shopping convenience, though its impact on sales is not yet clear. Article: Amazon rolls out text-based shopping through Alexa
• Negative Sentiment: Spending and cash-flow concerns remain a near-term overhang. Despite record operating margins, investors are scrutinizing the cash required for Amazon’s AI and data-center buildout. Its latest quarterly EPS and revenue also came in slightly below consensus estimates. Article: Amazon Just Delivered a Record-Breaking Quarter. But There’s One Number Investors Shouldn’t Ignore
• Negative Sentiment: Potential data-center rules could raise costs. Midterm election results have increased attention on restrictions that could require Amazon and other tech companies to pay more of the power and grid costs associated with their data centers, potentially complicating expansion plans. Article: Microsoft and Google Face a New Bill as Data Centers Have to Pay Their Own Costs

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the stock. Silvant Capital Management LLC purchased a new position in shares of Amazon.com in the 2nd quarter worth approximately $60,065,000. Public Employees Retirement System of Ohio bought a new stake in shares of Amazon.com during the second quarter worth $909,868,000. Northstar Financial Companies Inc. purchased a new stake in shares of Amazon.com during the second quarter valued at $3,376,000. Gryphon Financial Partners LLC raised its stake in Amazon.com by 7.5% in the 1st quarter. Gryphon Financial Partners LLC now owns 73,085 shares of the e-commerce giant’s stock valued at $15,221,000 after purchasing an additional 5,125 shares during the last quarter. Finally, First Citizens Bank & Trust Co. boosted its stake in shares of Amazon.com by 1.7% in the first quarter. First Citizens Bank & Trust Co. now owns 303,862 shares of the e-commerce giant’s stock valued at $63,285,000 after purchasing an additional 5,104 shares during the period. Institutional investors own 72.20% of the company’s stock.

Amazon.com Company Profile

Amazon.com, Inc is a technology and e-commerce company founded by Jeff Bezos in 1994 as an online bookstore. It has since grown into a global business serving consumers, sellers, developers, enterprises and content creators.

Amazon operates online stores and marketplaces, where it sells products directly and enables third-party sellers to reach customers. Its other businesses include Amazon Web Services, which provides cloud computing and related services; digital advertising; Prime memberships; and entertainment offerings such as streaming video and music.