Douglas Herrington Sells 22,000 Shares of Amazon.com (NASDAQ:AMZN) Stock

Amazon.com, Inc. (NASDAQ:AMZN) CEO Douglas Herrington sold 22,000 shares of the firm’s stock in a transaction that occurred on Friday, October 31st. The shares were sold at an average price of $250.03, for a total transaction of $5,500,660.00. Following the completion of the sale, the chief executive officer directly owned 493,507 shares in the company, valued at approximately $123,391,555.21. This trade represents a 4.27% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Amazon.com Stock Up 0.4%

Shares of NASDAQ:AMZN opened at $250.20 on Thursday. The firm’s 50 day moving average price is $226.85 and its 200 day moving average price is $217.72. The stock has a market cap of $2.67 trillion, a price-to-earnings ratio of 38.14, a price-to-earnings-growth ratio of 1.52 and a beta of 1.28. Amazon.com, Inc. has a fifty-two week low of $161.38 and a fifty-two week high of $258.60. The company has a quick ratio of 0.81, a current ratio of 1.02 and a debt-to-equity ratio of 0.15.

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

Hedge Funds Weigh In On Amazon.com

Hedge funds have recently modified their holdings of the business. Fairway Wealth LLC lifted its holdings in shares of Amazon.com by 113.2% during the third 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. acquired a new stake in shares of Amazon.com during the second quarter worth $27,000. Sellwood Investment Partners LLC acquired a new stake in shares of Amazon.com during the third quarter worth $27,000. Cooksen Wealth LLC acquired a new stake in shares of Amazon.com during the first quarter worth $36,000. Finally, Inlight Wealth Management LLC acquired a new stake in shares of Amazon.com during the first quarter worth $40,000. 72.20% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

AMZN has been the topic of several recent analyst reports. Mizuho set a $315.00 price target on shares of Amazon.com and gave the company an “outperform” rating in a research note on Tuesday. Bank of America increased their price target on shares of Amazon.com from $272.00 to $303.00 and gave the company a “buy” rating in a research note on Friday, October 31st. Raymond James Financial increased their price target on shares of Amazon.com from $230.00 to $275.00 and gave the company an “outperform” rating in a research note on Friday, October 31st. Rosenblatt Securities increased their price target on shares of Amazon.com from $298.00 to $305.00 and gave the company a “buy” rating in a research note on Friday, October 31st. Finally, Robert W. Baird set a $285.00 price target on shares of Amazon.com and gave the company an “outperform” rating in a research note on Friday, October 31st. Two research analysts have rated the stock with a Strong Buy rating, fifty-four have given a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, Amazon.com has a consensus rating of “Moderate Buy” and an average price target of $293.17.

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.