Amazon.com (NASDAQ:AMZN) CEO Sells $583,050.00 in Stock

Amazon.com, Inc. (NASDAQ:AMZN) CEO Douglas Herrington sold 2,500 shares of the stock in a transaction dated Monday, December 1st. The shares were sold at an average price of $233.22, for a total transaction of $583,050.00. Following the transaction, the chief executive officer owned 505,934 shares of the company’s stock, valued at approximately $117,993,927.48. The trade was a 0.49% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

Amazon.com Stock Performance

Amazon.com stock traded down $2.04 during trading on Wednesday, hitting $232.38. The stock had a trading volume of 35,396,590 shares, compared to its average volume of 45,222,031. The stock’s 50 day moving average is $227.92 and its two-hundred day moving average is $223.55. Amazon.com, Inc. has a 1 year low of $161.38 and a 1 year high of $258.60. The stock has a market cap of $2.48 trillion, a price-to-earnings ratio of 32.82, a price-to-earnings-growth ratio of 1.61 and a beta of 1.37. The company has a quick ratio of 0.80, a current ratio of 1.01 and a debt-to-equity ratio of 0.14.

Amazon.com (NASDAQ:AMZN) last released its earnings results on Thursday, October 30th. The e-commerce giant reported $1.95 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.57 by $0.38. Amazon.com had a return on equity of 23.62% and a net margin of 11.06%.The business had revenue of $180.17 billion during the quarter, compared to the consensus estimate of $177.53 billion. During the same period last year, the business posted $1.43 earnings per share. The business’s revenue for the quarter was up 13.4% on a year-over-year basis. As a group, analysts predict that Amazon.com, Inc. will post 6.31 EPS for the current year.

Analysts Set New Price Targets

Several research firms have issued reports on AMZN. Deutsche Bank Aktiengesellschaft increased their target price on Amazon.com from $278.00 to $300.00 and gave the stock a “buy” rating in a research report on Friday, October 31st. Rosenblatt Securities reissued a “buy” rating and set a $305.00 price objective on shares of Amazon.com in a report on Tuesday, November 25th. Stifel Nicolaus lifted their target price on Amazon.com from $269.00 to $295.00 and gave the company a “buy” rating in a report on Friday, October 31st. BNP Paribas began coverage on Amazon.com in a research report on Monday, November 24th. They set an “outperform” rating on the stock. Finally, Rothschild Redb lowered shares of Amazon.com from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, November 18th. One research analyst has rated the stock with a Strong Buy rating, fifty-seven have issued a Buy rating and three have given a Hold rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $296.11.

Institutional Investors Weigh In On Amazon.com

Institutional investors and hedge funds have recently bought and sold shares of the stock. Fairway Wealth LLC grew its position in Amazon.com by 113.2% in the third quarter. Fairway Wealth LLC now owns 113 shares of the e-commerce giant’s stock worth $25,000 after acquiring an additional 60 shares in the last quarter. Carderock Capital Management Inc. bought a new stake in Amazon.com during the second quarter worth about $27,000. Sellwood Investment Partners LLC purchased a new position in shares of Amazon.com in the 3rd quarter worth about $27,000. Maryland Capital Advisors Inc. increased its position in shares of Amazon.com by 81.9% during the 2nd quarter. Maryland Capital Advisors Inc. now owns 211 shares of the e-commerce giant’s stock valued at $46,000 after purchasing an additional 95 shares during the last quarter. Finally, Ryan Investment Management Inc. purchased a new position in shares of Amazon.com during the 2nd quarter valued at about $48,000. 72.20% of the stock is 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.