Douglas J. Herrington Sells 3,500 Shares of Amazon.com, Inc. (NASDAQ:AMZN) Stock

Amazon.com, Inc. (NASDAQ:AMZN) CEO Douglas J. Herrington sold 3,500 shares of the firm’s stock in a transaction dated Monday, December 2nd. The stock was sold at an average price of $210.00, for a total transaction of $735,000.00. Following the completion of the sale, the chief executive officer now owns 524,567 shares of the company’s stock, valued at $110,159,070. This trade represents a 0.66 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.

Amazon.com Stock Performance

Shares of NASDAQ AMZN opened at $220.55 on Friday. The company has a current ratio of 1.09, a quick ratio of 0.87 and a debt-to-equity ratio of 0.21. Amazon.com, Inc. has a 12 month low of $143.64 and a 12 month high of $222.15. The company has a 50 day simple moving average of $196.61 and a two-hundred day simple moving average of $187.78. The stock has a market cap of $2.32 trillion, a price-to-earnings ratio of 47.23, a PEG ratio of 1.43 and a beta of 1.16.

Amazon.com (NASDAQ:AMZN) last announced its quarterly earnings data on Thursday, October 31st. The e-commerce giant reported $1.43 EPS for the quarter, beating the consensus estimate of $1.14 by $0.29. The business had revenue of $158.88 billion during the quarter, compared to analysts’ expectations of $157.28 billion. Amazon.com had a net margin of 8.04% and a return on equity of 22.41%. The business’s quarterly revenue was up 11.0% compared to the same quarter last year. During the same period in the previous year, the business posted $0.85 EPS. As a group, analysts predict that Amazon.com, Inc. will post 5.29 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on AMZN shares. Stifel Nicolaus raised their price target on shares of Amazon.com from $224.00 to $245.00 and gave the stock a “buy” rating in a research note on Friday, November 1st. Redburn Atlantic raised their price target on shares of Amazon.com from $225.00 to $235.00 and gave the stock a “buy” rating in a research note on Tuesday, November 26th. Cantor Fitzgerald reaffirmed an “overweight” rating and issued a $230.00 price target on shares of Amazon.com in a research note on Monday, October 7th. Maxim Group raised their price target on shares of Amazon.com from $251.00 to $260.00 and gave the stock a “buy” rating in a research note on Friday, November 1st. Finally, Deutsche Bank Aktiengesellschaft raised their price target on shares of Amazon.com from $225.00 to $232.00 and gave the stock a “buy” rating in a research note on Friday, November 1st. Two equities research analysts have rated the stock with a hold rating, forty-one have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $236.20.

Hedge Funds Weigh In On Amazon.com

Several institutional investors have recently made changes to their positions in the company. Dantai Capital Ltd increased its holdings in Amazon.com by 10.6% in the 3rd quarter. Dantai Capital Ltd now owns 30,415 shares of the e-commerce giant’s stock worth $5,667,000 after acquiring an additional 2,925 shares in the last quarter. Boulder Wealth Advisors LLC purchased a new stake in Amazon.com in the 3rd quarter worth $239,000. Oriental Harbor Investment Fund purchased a new stake in Amazon.com in the 3rd quarter worth $60,957,000. Inspire Trust Co. N.A. increased its holdings in Amazon.com by 13.4% in the 3rd quarter. Inspire Trust Co. N.A. now owns 17,405 shares of the e-commerce giant’s stock worth $3,243,000 after acquiring an additional 2,054 shares in the last quarter. Finally, Franklin Resources Inc. increased its holdings in Amazon.com by 0.5% in the 3rd quarter. Franklin Resources Inc. now owns 47,156,540 shares of the e-commerce giant’s stock worth $8,843,714,000 after acquiring an additional 257,072 shares in the last quarter. 72.20% of the stock is owned by hedge funds and other institutional investors.

About Amazon.com

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.