Amazon.com, Inc. (NASDAQ:AMZN) CEO Sells $620,515.00 in Stock

Amazon.com, Inc. (NASDAQ:AMZN) CEO Douglas J. Herrington sold 3,500 shares of the stock in a transaction that occurred on Monday, June 3rd. The shares were sold at an average price of $177.29, for a total transaction of $620,515.00. Following the completion of the sale, the chief executive officer now directly owns 523,253 shares in the company, valued at $92,767,524.37. The sale was disclosed in a filing with the SEC, which is available at this hyperlink.

Amazon.com Stock Performance

Shares of NASDAQ:AMZN opened at $185.00 on Friday. The business’s 50-day simple moving average is $182.46 and its 200 day simple moving average is $168.39. Amazon.com, Inc. has a one year low of $118.35 and a one year high of $191.70. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.87 and a current ratio of 1.07. The company has a market cap of $1.93 trillion, a P/E ratio of 51.82, a PEG ratio of 1.28 and a beta of 1.14.

Amazon.com (NASDAQ:AMZNGet Free Report) last announced its earnings results on Tuesday, April 30th. The e-commerce giant reported $0.98 earnings per share for the quarter, beating the consensus estimate of $0.83 by $0.15. The company had revenue of $143.31 billion during the quarter, compared to the consensus estimate of $142.65 billion. Amazon.com had a return on equity of 19.86% and a net margin of 6.38%. The company’s revenue was up 12.5% on a year-over-year basis. During the same period last year, the firm earned $0.31 earnings per share. On average, sell-side analysts forecast that Amazon.com, Inc. will post 4.72 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Amazon.com

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Cooksen Wealth LLC acquired a new stake in Amazon.com during the fourth quarter valued at approximately $30,000. E Fund Management Hong Kong Co. Ltd. increased its holdings in shares of Amazon.com by 45.0% in the 4th quarter. E Fund Management Hong Kong Co. Ltd. now owns 277 shares of the e-commerce giant’s stock valued at $42,000 after acquiring an additional 86 shares during the last quarter. Strid Group LLC acquired a new stake in shares of Amazon.com during the 4th quarter valued at approximately $43,000. Clarity Asset Management Inc. bought a new position in Amazon.com during the fourth quarter worth $46,000. Finally, Steph & Co. acquired a new position in Amazon.com in the first quarter worth $65,000. Institutional investors own 72.20% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on AMZN shares. JPMorgan Chase & Co. increased their target price on Amazon.com from $225.00 to $240.00 and gave the company an “overweight” rating in a report on Wednesday, May 1st. Roth Mkm restated a “buy” rating and set a $210.00 target price (up previously from $205.00) on shares of Amazon.com in a research note on Wednesday, May 1st. Loop Capital raised their price objective on shares of Amazon.com from $215.00 to $225.00 and gave the stock a “buy” rating in a report on Monday, May 6th. Maxim Group dropped their target price on shares of Amazon.com from $318.00 to $238.00 and set a “buy” rating on the stock in a research report on Wednesday, May 1st. Finally, DA Davidson reissued a “buy” rating and issued a $235.00 target price on shares of Amazon.com in a report on Thursday, April 18th. One investment analyst has rated the stock with a hold rating, forty-four have given a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, Amazon.com currently has an average rating of “Buy” and an average target price of $212.40.

View Our Latest Stock Analysis on AMZN

About Amazon.com

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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.

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

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