Douglas Herrington Sells 3,742 Shares of Amazon.com (NASDAQ:AMZN) Stock

Amazon.com, Inc. (NASDAQ:AMZN) CEO Douglas Herrington sold 3,742 shares of Amazon.com stock in a transaction on Friday, May 15th. The shares were sold at an average price of $262.59, for a total transaction of $982,611.78. Following the completion of the transaction, the chief executive officer directly owned 476,972 shares in the company, valued at $125,248,077.48. The trade was a 0.78% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Amazon.com Stock Performance

Shares of Amazon.com stock traded down $5.54 during trading on Tuesday, reaching $259.32. The company’s stock had a trading volume of 40,231,301 shares, compared to its average volume of 49,059,730. The company has a 50-day moving average price of $235.39 and a two-hundred day moving average price of $230.94. The firm has a market cap of $2.79 trillion, a PE ratio of 31.02, a P/E/G ratio of 1.98 and a beta of 1.46. Amazon.com, Inc. has a fifty-two week low of $196.00 and a fifty-two week high of $278.56. The company has a current ratio of 1.18, a quick ratio of 1.01 and a debt-to-equity ratio of 0.27.

Amazon.com (NASDAQ:AMZN) last announced its earnings results on Wednesday, April 29th. The e-commerce giant reported $2.78 EPS for the quarter, beating analysts’ consensus estimates of $1.63 by $1.15. The business had revenue of $181.52 billion for the quarter, compared to analysts’ expectations of $177.28 billion. Amazon.com had a net margin of 12.22% and a return on equity of 19.92%. The company’s quarterly revenue was up 16.6% on a year-over-year basis. During the same period in the previous year, the company posted $1.59 EPS. On average, analysts forecast that Amazon.com, Inc. will post 7.71 EPS for the current year.

Wall Street Analysts Forecast Growth

AMZN has been the topic of several recent research reports. TD Securities raised shares of Amazon.com to a “buy” rating in a research note on Monday, April 13th. Arete Research boosted their price objective on shares of Amazon.com from $301.00 to $310.00 and gave the company a “buy” rating in a research note on Monday. Pivotal Research reissued a “buy” rating and issued a $320.00 price objective (up from $300.00) on shares of Amazon.com in a research note on Thursday, April 30th. Moffett Nathanson boosted their price objective on shares of Amazon.com from $283.00 to $288.00 and gave the company a “buy” rating in a research note on Tuesday, April 7th. Finally, Rosenblatt Securities boosted their price objective on shares of Amazon.com from $296.00 to $332.00 and gave the company a “buy” rating in a research note on Thursday, April 30th. Fifty-seven research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $312.67.

Institutional Investors Weigh In On Amazon.com

Institutional investors have recently made changes to their positions in the stock. Brighton Jones LLC grew its stake in Amazon.com by 10.9% in the 4th quarter. Brighton Jones LLC now owns 4,036,091 shares of the e-commerce giant’s stock valued at $885,478,000 after acquiring an additional 397,007 shares during the last quarter. Revolve Wealth Partners LLC grew its stake in Amazon.com by 4.1% in the 4th quarter. Revolve Wealth Partners LLC now owns 25,045 shares of the e-commerce giant’s stock valued at $5,495,000 after acquiring an additional 986 shares during the last quarter. Bank Pictet & Cie Europe AG grew its stake in Amazon.com by 2.8% in the 4th quarter. Bank Pictet & Cie Europe AG now owns 2,016,869 shares of the e-commerce giant’s stock valued at $442,481,000 after acquiring an additional 54,987 shares during the last quarter. Highview Capital Management LLC DE grew its stake in Amazon.com by 5.5% in the 4th quarter. Highview Capital Management LLC DE now owns 28,975 shares of the e-commerce giant’s stock valued at $6,357,000 after acquiring an additional 1,518 shares during the last quarter. Finally, Liberty Square Wealth Partners LLC acquired a new stake in Amazon.com in the 4th quarter valued at about $2,153,000. 72.20% of the stock is currently owned by hedge funds and other institutional investors.

More Amazon.com News

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

• Positive Sentiment: Several high-profile investors and analysts are backing Amazon, including reports that billionaire David Tepper doubled his stake and ARK Invest added shares, reinforcing the view that institutional money still sees upside in AMZN. Article Title
• Positive Sentiment: Amazon Web Services continues to deepen its AI and cloud ecosystem, with new collaborations from FIS and AVEVA, plus more commentary that AWS and Amazon’s AI chips are emerging as a major long-term growth driver. Article Title
• Positive Sentiment: Amazon is also benefiting from optimism around AI and retail monetization, with articles highlighting stronger demand for Trainium chips, Alexa+ and Fire TV upgrades, and long-term “dominant AI” potential. Article Title
• Neutral Sentiment: Amazon is drawing attention as investors debate whether the stock can sustain its recent rally, with some commentary calling it expensive after its run-up while others see room for much higher targets. Article Title
• Negative Sentiment: Amazon is facing a class-action lawsuit tied to tariff cost claims, adding a legal overhang that could weigh on sentiment if the case gains traction. Article Title
• Negative Sentiment: Separate headlines about Amazon ending support for older Kindles may create some customer frustration, though this is likely a smaller issue for the stock than AWS and AI developments. Article Title

Amazon.com Company Profile

Amazon.com, Inc is a diversified technology and retail company best known for its e-commerce marketplace and broad portfolio of consumer and enterprise services. Founded by Jeff Bezos in 1994 and headquartered in Seattle, Washington, the company launched as an online bookseller and expanded into a global retail platform that sells products directly to consumers and provides a marketplace for third-party sellers. Over time Amazon has grown beyond retail into areas including cloud computing, digital media, devices and logistics.

Key businesses and offerings include Amazon’s online marketplace and fulfillment services, the Amazon Prime membership program (which bundles expedited shipping with streaming and other benefits), Amazon Web Services (AWS) which supplies on-demand cloud computing and storage to businesses and public-sector customers, and a range of content and advertising services such as Prime Video and Amazon Advertising.