Amazon.com (NASDAQ:AMZN) Stock: Insider Douglas Herrington Sells 1,000 Shares

Amazon.com, Inc. (NASDAQ:AMZN) CEO Douglas Herrington sold 1,000 shares of the company’s stock in a transaction on Monday, November 2nd. The shares were sold at an average price of $243.47, for a total value of $243,470.00. Following the completion of the sale, the chief executive officer directly owned 473,681 shares in the company, valued at $115,327,113.07. This trade represents a 0.21% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Amazon.com Trading Down 2.2%

Shares of AMZN stock opened at $260.21 on Friday. Amazon.com, Inc. has a fifty-two week low of $196.00 and a fifty-two week high of $287.20. The stock has a market cap of $2.81 trillion, a P/E ratio of 21.04, a P/E/G ratio of 2.02 and a beta of 1.49. The business has a fifty day simple moving average of $253.89 and a 200-day simple moving average of $243.43. The company has a quick ratio of 0.82, a current ratio of 0.99 and a debt-to-equity ratio of 0.28.

Amazon.com (NASDAQ:AMZN) last released its quarterly earnings results on Thursday, October 29th. The e-commerce giant reported $1.89 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.97 by ($0.08). Amazon.com had a return on equity of 15.72% and a net margin of 16.90%. The firm had revenue of $201.94 billion for the quarter, compared to analyst estimates of $202.22 billion. During the same period last year, the firm earned $1.95 EPS. The company’s quarterly revenue was up 12.1% compared to the same quarter last year. On average, analysts forecast that Amazon.com, Inc. will post 7.80 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Amazon.com

Several hedge funds have recently modified their holdings of the company. State Street Corp boosted its stake in Amazon.com by 5.5% during the second quarter. State Street Corp now owns 411,848,346 shares of the e-commerce giant’s stock worth $95,504,904,000 after acquiring an additional 21,398,025 shares in the last quarter. Bank of America Corp DE acquired a new stake in Amazon.com in the second quarter worth $22,218,775,000. Bank of New York Mellon Corp bought a new stake in Amazon.com in the second quarter valued at $16,341,405,000. Amundi increased its stake in Amazon.com by 3.9% in the second quarter. Amundi now owns 63,822,242 shares of the e-commerce giant’s stock valued at $15,211,393,000 after purchasing an additional 2,421,739 shares in the last quarter. Finally, Legal & General Group Plc bought a new stake in Amazon.com in the second quarter valued at $12,831,376,000. 72.20% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on AMZN. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Amazon.com in a report on Friday, October 30th. Citigroup reissued a “market outperform” rating on shares of Amazon.com in a research note on Friday, October 30th. Bank of America reissued a “buy” rating and set a $317.00 price objective on shares of Amazon.com in a research note on Friday, October 30th. HSBC restated a “buy” rating and set a $310.00 price objective on shares of Amazon.com in a research report on Friday, July 31st. Finally, Wells Fargo & Company reduced their target price on Amazon.com from $329.00 to $326.00 and set an “overweight” rating on the stock in a research note on Friday, October 30th. Two analysts have rated the stock with a Strong Buy rating, fifty-five have issued a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $321.74.

Amazon.com News Summary

Here are the key news stories impacting Amazon.com this week:

• Positive Sentiment: AWS and AI opportunities support the long-term outlook. AWS growth has accelerated, and CEO Andy Jassy has indicated the cloud business could grow around 40% in 2027 and 2028. Amazon’s stake in Anthropic could also gain value if the AI company proceeds with a potential IPO, although the outcome is uncertain. AWS growth outlook Amazon’s Anthropic investment
• Positive Sentiment: New customer and shopping features could strengthen Prime. Amazon’s Uber Eats partnership lets Prime members order restaurant meals through Amazon, while expanded Alexa shopping tools add functions for managing subscriptions, billing questions, and lists. These moves may boost engagement, though their near-term financial impact is unclear. Uber Eats partnership Alexa shopping functions
• Neutral Sentiment: Amazon plans to raise U.S. marketplace fulfillment fees by an average of 19 cents per item in 2027. The increase could help offset costs but may add pressure on sellers. Seller fee changes
• Negative Sentiment: Market-wide tech weakness and spending concerns weighed on sentiment. Amazon shares pulled back as a technology selloff erased earlier gains. Investors are also weighing Amazon’s recent earnings miss against substantial AI and data-center investment, which raises concerns about cash flow and the timing of returns—even as AWS demand remains strong. Technology selloff Earnings and spending concerns
• Negative Sentiment: FTC allegations add advertising-related regulatory risk. The FTC alleges Amazon misled advertisers about the reasons for increases in ad prices around major shopping events, potentially adding legal and reputational concerns. FTC allegations

Amazon.com Company Profile

Amazon.com, Inc is a global technology and e-commerce company founded by Jeff Bezos in 1994. Originally launched as an online bookstore, the company has expanded into a broad digital marketplace offering consumer products across numerous categories, including electronics, household goods, apparel, groceries and other merchandise. Amazon also sells products under its own brands and provides logistics, fulfillment and delivery services that support its retail operations and third-party sellers.

The company’s principal businesses include online and physical retail, Amazon Web Services (AWS), digital advertising, subscription services and consumer technology.