Insider Selling: Amazon.com, Inc. (NASDAQ:AMZN) CEO Sells 3,500 Shares of Stock

Amazon.com, Inc. (NASDAQ:AMZN) CEO Douglas J. Herrington sold 3,500 shares of the company’s stock in a transaction dated Wednesday, May 1st. The shares were sold at an average price of $180.29, for a total transaction of $631,015.00. Following the sale, the chief executive officer now directly owns 509,358 shares of the company’s stock, valued at approximately $91,832,153.82. The sale was disclosed in a filing with the SEC, which is available at this link.

Amazon.com Price Performance

Shares of NASDAQ AMZN opened at $186.21 on Friday. The stock’s 50-day simple moving average is $178.79 and its 200-day simple moving average is $159.95. The firm has a market capitalization of $1.93 trillion, a PE ratio of 52.16, a price-to-earnings-growth ratio of 1.55 and a beta of 1.15. Amazon.com, Inc. has a fifty-two week low of $103.31 and a fifty-two week high of $189.77. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.84 and a current ratio of 1.07.

Amazon.com (NASDAQ:AMZN) last issued its quarterly earnings data on Tuesday, April 30th. The e-commerce giant reported $0.98 earnings per share for the quarter, topping the consensus estimate of $0.83 by $0.15. Amazon.com had a net margin of 6.38% and a return on equity of 19.86%. The business had revenue of $143.31 billion during the quarter, compared to the consensus estimate of $142.65 billion. During the same quarter in the previous year, the firm earned $0.31 EPS. The company’s revenue was up 12.5% compared to the same quarter last year. As a group, equities research analysts forecast that Amazon.com, Inc. will post 4.12 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on AMZN. Wells Fargo & Company lifted their price objective on Amazon.com from $217.00 to $234.00 and gave the stock an “overweight” rating in a research report on Wednesday. Citigroup boosted their price target on shares of Amazon.com from $235.00 to $245.00 and gave the company a “buy” rating in a research report on Wednesday. Mizuho raised their price objective on shares of Amazon.com from $230.00 to $240.00 and gave the stock a “buy” rating in a research report on Wednesday. Susquehanna boosted their target price on shares of Amazon.com from $185.00 to $220.00 and gave the company a “positive” rating in a report on Friday, February 2nd. Finally, Truist Financial increased their price target on shares of Amazon.com from $216.00 to $220.00 and gave the company a “buy” rating in a research note on Wednesday. One research analyst has rated the stock with a hold rating, forty-four have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Buy” and an average price target of $211.07.

Hedge Funds Weigh In On Amazon.com

A number of hedge funds have recently modified their holdings of the business. GHP Investment Advisors Inc. increased its stake in Amazon.com by 7.7% in the third quarter. GHP Investment Advisors Inc. now owns 5,386 shares of the e-commerce giant’s stock valued at $699,000 after purchasing an additional 383 shares during the period. Nalls Sherbakoff Group LLC grew its holdings in shares of Amazon.com by 7.4% during the third quarter. Nalls Sherbakoff Group LLC now owns 10,128 shares of the e-commerce giant’s stock worth $1,287,000 after buying an additional 700 shares during the last quarter. Farmers & Merchants Trust Co of Chambersburg PA increased its position in Amazon.com by 1.4% in the 3rd quarter. Farmers & Merchants Trust Co of Chambersburg PA now owns 18,727 shares of the e-commerce giant’s stock valued at $2,381,000 after acquiring an additional 253 shares during the period. Kiley Juergens Wealth Management LLC lifted its position in Amazon.com by 3.9% during the 3rd quarter. Kiley Juergens Wealth Management LLC now owns 91,169 shares of the e-commerce giant’s stock worth $11,589,000 after acquiring an additional 3,397 shares during the period. Finally, Meridian Wealth Management LLC grew its stake in shares of Amazon.com by 113.5% in the 3rd quarter. Meridian Wealth Management LLC now owns 543,440 shares of the e-commerce giant’s stock valued at $69,082,000 after purchasing an additional 288,942 shares during the last quarter. 72.20% of the stock is currently 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.