Amazon.com, Inc. (NASDAQ:AMZN) CEO Sells $508,800.00 in Stock

Posted by on Oct 7th, 2023

Amazon.com, Inc. (NASDAQ:AMZN) CEO Douglas J. Herrington sold 4,000 shares of the company’s stock in a transaction dated Monday, October 2nd. The stock was sold at an average price of $127.20, for a total value of $508,800.00. Following the completion of the transaction, the chief executive officer now owns 522,316 shares of the company’s stock, valued at $66,438,595.20. The transaction was disclosed in a filing with the SEC, which is available at this link.

Amazon.com Stock Performance

Amazon.com stock opened at $127.96 on Friday. Amazon.com, Inc. has a twelve month low of $81.43 and a twelve month high of $145.86. The company has a quick ratio of 0.70, a current ratio of 0.95 and a debt-to-equity ratio of 0.37. The company has a market capitalization of $1.32 trillion, a P/E ratio of 100.76, a PEG ratio of 1.68 and a beta of 1.24. The stock’s 50 day moving average is $134.65 and its 200 day moving average is $122.71.

Amazon.com (NASDAQ:AMZN – Get Free Report) last released its earnings results on Thursday, August 3rd. The e-commerce giant reported $0.63 EPS for the quarter, topping analysts’ consensus estimates of $0.34 by $0.29. Amazon.com had a return on equity of 9.14% and a net margin of 2.43%. The firm had revenue of $134.38 billion for the quarter, compared to analysts’ expectations of $131.54 billion. On average, equities research analysts predict that Amazon.com, Inc. will post 2.23 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Amazon.com

A number of institutional investors have recently modified their holdings of AMZN. Kavar Capital Partners Group LLC grew its stake in shares of Amazon.com by 7.6% in the first quarter. Kavar Capital Partners Group LLC now owns 1,121 shares of the e-commerce giant’s stock worth $3,654,000 after acquiring an additional 79 shares during the last quarter. IFM Investors Pty Ltd grew its stake in shares of Amazon.com by 21.8% in the first quarter. IFM Investors Pty Ltd now owns 72,911 shares of the e-commerce giant’s stock worth $237,686,000 after acquiring an additional 13,060 shares during the last quarter. Ironwood Wealth Management LLC. grew its stake in shares of Amazon.com by 0.8% in the first quarter. Ironwood Wealth Management LLC. now owns 1,810 shares of the e-commerce giant’s stock worth $5,901,000 after acquiring an additional 15 shares during the last quarter. Markel Corp boosted its position in shares of Amazon.com by 0.6% during the first quarter. Markel Corp now owns 99,068 shares of the e-commerce giant’s stock valued at $322,956,000 after buying an additional 550 shares during the last quarter. Finally, Leelyn Smith LLC boosted its position in shares of Amazon.com by 24.8% during the first quarter. Leelyn Smith LLC now owns 2,721 shares of the e-commerce giant’s stock valued at $8,870,000 after buying an additional 540 shares during the last quarter. 57.96% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on the company. Susquehanna upped their price objective on Amazon.com from $150.00 to $185.00 and gave the stock a “positive” rating in a report on Friday, August 4th. Telsey Advisory Group reiterated an “outperform” rating and issued a $160.00 price objective on shares of Amazon.com in a report on Friday, September 22nd. Redburn Partners upped their price objective on Amazon.com from $220.00 to $230.00 and gave the stock a “buy” rating in a report on Friday, August 11th. JMP Securities boosted their target price on Amazon.com from $140.00 to $175.00 and gave the company an “outperform” rating in a research note on Friday, August 4th. Finally, UBS Group boosted their target price on Amazon.com from $150.00 to $175.00 and gave the company a “buy” rating in a research note on Friday, August 4th. Three research analysts have rated the stock with a hold rating and forty-eight have given a buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $161.30.

Read Our Latest Research Report on AMZN

Amazon.com Company Profile

(Get Free Report)

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

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

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