Amazon.com (NASDAQ:AMZN) CEO Douglas Herrington Sells 2,500 Shares of Stock

Amazon.com, Inc. (NASDAQ:AMZN) CEO Douglas Herrington sold 2,500 shares of the business’s stock in a transaction dated Monday, November 3rd. The shares were sold at an average price of $255.44, for a total value of $638,600.00. Following the transaction, the chief executive officer owned 491,007 shares in the company, valued at approximately $125,422,828.08. This represents a 0.51% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

Amazon.com Stock Down 1.8%

Shares of NASDAQ:AMZN opened at $249.32 on Wednesday. Amazon.com, Inc. has a 1 year low of $161.38 and a 1 year high of $258.60. The company has a market cap of $2.66 trillion, a PE ratio of 38.01, a P/E/G ratio of 1.52 and a beta of 1.28. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.02 and a quick ratio of 0.81. The stock’s 50-day moving average is $226.43 and its 200 day moving average is $217.49.

Amazon.com (NASDAQ:AMZN) last announced its quarterly earnings results on Thursday, October 30th. The e-commerce giant reported $1.95 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.57 by $0.38. Amazon.com had a return on equity of 23.84% and a net margin of 10.54%.The company had revenue of $180.17 billion for the quarter, compared to the consensus estimate of $177.53 billion. During the same quarter in the previous year, the business earned $1.43 EPS. Amazon.com’s revenue was up 13.4% compared to the same quarter last year. Amazon.com has set its Q4 2025 guidance at EPS. Sell-side analysts anticipate that Amazon.com, Inc. will post 6.31 EPS for the current year.

Hedge Funds Weigh In On Amazon.com

A number of institutional investors have recently bought and sold shares of AMZN. Fairway Wealth LLC raised its holdings in Amazon.com by 113.2% in the 3rd quarter. Fairway Wealth LLC now owns 113 shares of the e-commerce giant’s stock worth $25,000 after purchasing an additional 60 shares during the period. Carderock Capital Management Inc. bought a new stake in Amazon.com during the second quarter valued at about $27,000. Sellwood Investment Partners LLC bought a new stake in Amazon.com during the third quarter valued at about $27,000. Cooksen Wealth LLC bought a new stake in Amazon.com in the 1st quarter valued at $36,000. Finally, Inlight Wealth Management LLC bought a new stake in Amazon.com in the 1st quarter valued at $40,000. 72.20% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of research firms have weighed in on AMZN. Sanford C. Bernstein set a $300.00 target price on Amazon.com and gave the stock an “outperform” rating in a report on Friday. Cantor Fitzgerald boosted their price target on Amazon.com from $280.00 to $315.00 and gave the stock an “overweight” rating in a research report on Friday, October 31st. Truist Financial set a $290.00 price target on Amazon.com in a research report on Friday. Morgan Stanley reaffirmed an “overweight” rating and issued a $315.00 price objective (up from $300.00) on shares of Amazon.com in a research report on Friday. Finally, JMP Securities set a $300.00 target price on Amazon.com in a research note on Friday. Two investment analysts have rated the stock with a Strong Buy rating, fifty-three have assigned a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $293.42.

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.