Amazon.com (NASDAQ:AMZN) CEO Sells $5,500,660.00 in Stock

Amazon.com, Inc. (NASDAQ:AMZN) CEO Douglas Herrington sold 22,000 shares of the firm’s stock in a transaction on Friday, October 31st. The shares were sold at an average price of $250.03, for a total transaction of $5,500,660.00. Following the transaction, the chief executive officer directly owned 493,507 shares of the company’s stock, valued at $123,391,555.21. The trade was a 4.27% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link.

Amazon.com Price Performance

AMZN traded down $4.68 during trading hours on Tuesday, hitting $249.32. The company’s stock had a trading volume of 51,356,719 shares, compared to its average volume of 45,334,453. The business’s 50-day moving average price is $226.43 and its 200-day moving average price is $217.49. Amazon.com, Inc. has a 12 month low of $161.38 and a 12 month high of $258.60. The stock has a market cap of $2.66 trillion, a price-to-earnings ratio of 38.01, a P/E/G ratio of 1.52 and a beta of 1.28. The company has a current ratio of 1.02, a quick ratio of 0.81 and a debt-to-equity ratio of 0.15.

Amazon.com (NASDAQ:AMZN) last announced its earnings results on Thursday, October 30th. The e-commerce giant reported $1.95 EPS for the quarter, topping analysts’ consensus estimates of $1.57 by $0.38. The firm had revenue of $180.17 billion during the quarter, compared to analysts’ expectations of $177.53 billion. Amazon.com had a return on equity of 23.84% and a net margin of 10.54%.The company’s quarterly revenue was up 13.4% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.43 EPS. Amazon.com has set its Q4 2025 guidance at EPS. Sell-side analysts expect that Amazon.com, Inc. will post 6.31 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of analysts recently issued reports on AMZN shares. BMO Capital Markets reiterated an “outperform” rating and issued a $300.00 price target on shares of Amazon.com in a report on Friday. Wolfe Research upped their target price on Amazon.com from $265.00 to $270.00 in a report on Tuesday, September 30th. KeyCorp upped their target price on Amazon.com from $300.00 to $303.00 and gave the stock an “overweight” rating in a report on Friday. Morgan Stanley reaffirmed an “overweight” rating and issued a $315.00 price objective (up from $300.00) on shares of Amazon.com in a research note on Friday. Finally, Wedbush reaffirmed an “outperform” rating and issued a $340.00 price objective on shares of Amazon.com in a research note on Monday. Two investment analysts have rated the stock with a Strong Buy rating, fifty-three have given a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $293.42.

Institutional Investors Weigh In On Amazon.com

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Kingstone Capital Partners Texas LLC increased its stake in Amazon.com by 542,733.6% during the 2nd quarter. Kingstone Capital Partners Texas LLC now owns 132,641,388 shares of the e-commerce giant’s stock worth $29,100,194,000 after buying an additional 132,616,953 shares in the last quarter. Norges Bank purchased a new stake in Amazon.com during the 2nd quarter valued at about $27,438,011,000. Nuveen LLC purchased a new stake in shares of Amazon.com in the first quarter valued at approximately $11,674,091,000. Vanguard Group Inc. grew its position in shares of 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. Finally, Laurel Wealth Advisors LLC grew its position in shares of Amazon.com by 22,085.8% in the second quarter. Laurel Wealth Advisors LLC now owns 12,177,557 shares of the e-commerce giant’s stock valued at $2,671,634,000 after purchasing an additional 12,122,668 shares in the last quarter. 72.20% of the stock is currently owned by hedge funds and other institutional investors.

Amazon.com Company Profile

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.