Amazon.com, Inc. (NASDAQ:AMZN) CEO Douglas J. Herrington Sells 15,787 Shares

Amazon.com, Inc. (NASDAQ:AMZN) CEO Douglas J. Herrington sold 15,787 shares of Amazon.com stock in a transaction on Tuesday, November 15th. The stock was sold at an average price of $103.10, for a total transaction of $1,627,639.70. Following the transaction, the chief executive officer now owns 522,251 shares in the company, valued at approximately $53,844,078.10. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink.

Amazon.com Price Performance

Shares of NASDAQ:AMZN opened at $94.14 on Friday. The company has a quick ratio of 0.68, a current ratio of 0.94 and a debt-to-equity ratio of 0.43. Amazon.com, Inc. has a twelve month low of $85.87 and a twelve month high of $188.11. The stock’s 50 day moving average is $110.68 and its 200-day moving average is $117.19. The firm has a market capitalization of $960.38 billion, a price-to-earnings ratio of 86.41, a PEG ratio of 7.71 and a beta of 1.23.

Amazon.com (NASDAQ:AMZNGet Rating) last announced its quarterly earnings results on Thursday, October 27th. The e-commerce giant reported $0.28 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.22 by $0.06. Amazon.com had a return on equity of 14.44% and a net margin of 2.25%. The business had revenue of $127.10 billion during the quarter, compared to the consensus estimate of $127.47 billion. During the same quarter in the prior year, the company posted $0.31 earnings per share. Amazon.com’s revenue was up 14.7% compared to the same quarter last year. Sell-side analysts forecast that Amazon.com, Inc. will post 0.62 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on the stock. Mizuho dropped their price target on shares of Amazon.com from $155.00 to $135.00 and set a “buy” rating on the stock in a research note on Friday, October 28th. Itaú Unibanco assumed coverage on shares of Amazon.com in a report on Tuesday, July 26th. They issued an “outperform” rating and a $146.00 price target on the stock. Wolfe Research reduced their price target on shares of Amazon.com from $150.00 to $130.00 and set an “outperform” rating on the stock in a report on Friday, October 28th. Bank of America decreased their price objective on Amazon.com from $157.00 to $137.00 and set a “buy” rating on the stock in a research report on Friday, October 28th. Finally, Cowen decreased their price objective on Amazon.com from $195.00 to $150.00 and set an “outperform” rating on the stock in a research report on Friday, October 28th. Two equities research analysts have rated the stock with a sell rating, three have issued a hold rating and forty-two have issued a buy rating to the company’s stock. Based on data from MarketBeat, Amazon.com has a consensus rating of “Moderate Buy” and a consensus price target of $150.89.

Institutional Investors Weigh In On Amazon.com

Institutional investors have recently bought and sold shares of the stock. Savior LLC grew its stake in Amazon.com by 1,085.0% in the 2nd quarter. Savior LLC now owns 237 shares of the e-commerce giant’s stock valued at $25,000 after purchasing an additional 217 shares during the period. Rocky Mountain Advisers LLC grew its stake in shares of Amazon.com by 1,311.8% during the 2nd quarter. Rocky Mountain Advisers LLC now owns 240 shares of the e-commerce giant’s stock worth $25,000 after acquiring an additional 223 shares during the period. Iron Horse Wealth Management LLC grew its stake in shares of Amazon.com by 4,540.0% during the 2nd quarter. Iron Horse Wealth Management LLC now owns 232 shares of the e-commerce giant’s stock worth $25,000 after acquiring an additional 227 shares during the period. Wells Financial Advisors INC grew its stake in shares of Amazon.com by 1,900.0% during the 2nd quarter. Wells Financial Advisors INC now owns 280 shares of the e-commerce giant’s stock worth $30,000 after acquiring an additional 266 shares during the period. Finally, Maryland Capital Advisors Inc. grew its stake in shares of Amazon.com by 1,900.0% during the 2nd quarter. Maryland Capital Advisors Inc. now owns 300 shares of the e-commerce giant’s stock worth $32,000 after acquiring an additional 285 shares during the period. Institutional investors own 57.15% of the company’s stock.

About Amazon.com

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Amazon.com, Inc engages in the retail sale of consumer products and subscriptions in North America and internationally. The company operates through three segments: North America, International, and Amazon Web Services (AWS). It sells merchandise and content purchased for resale from third-party sellers through physical and online stores.

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

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