Douglas J. Herrington Sells 27,500 Shares of Amazon.com, Inc. (NASDAQ:AMZN) Stock

Amazon.com, Inc. (NASDAQ:AMZN) CEO Douglas J. Herrington sold 27,500 shares of the company’s stock in a transaction on Wednesday, February 12th. The shares were sold at an average price of $230.27, for a total value of $6,332,425.00. Following the completion of the sale, the chief executive officer now owns 497,067 shares of the company’s stock, valued at approximately $114,459,618.09. This trade represents a 5.24 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

Amazon.com Price Performance

Shares of NASDAQ:AMZN opened at $228.68 on Friday. The business has a 50 day moving average price of $228.21 and a 200 day moving average price of $202.30. Amazon.com, Inc. has a twelve month low of $151.61 and a twelve month high of $242.52. The company has a market cap of $2.40 trillion, a price-to-earnings ratio of 41.35, a PEG ratio of 1.36 and a beta of 1.15. The company has a quick ratio of 0.87, a current ratio of 1.09 and a debt-to-equity ratio of 0.21.

Amazon.com (NASDAQ:AMZN) last announced its earnings results on Thursday, February 6th. The e-commerce giant reported $1.86 earnings per share for the quarter, beating the consensus estimate of $1.52 by $0.34. Amazon.com had a return on equity of 25.49% and a net margin of 9.29%. Research analysts predict that Amazon.com, Inc. will post 6.24 earnings per share for the current year.

Institutional Trading of Amazon.com

Several hedge funds have recently added to or reduced their stakes in the business. Fiera Capital Corp lifted its position in shares of Amazon.com by 12.5% in the 2nd quarter. Fiera Capital Corp now owns 401,113 shares of the e-commerce giant’s stock worth $77,515,000 after acquiring an additional 44,615 shares during the period. American Planning Services Inc. lifted its position in shares of Amazon.com by 355.4% in the 2nd quarter. American Planning Services Inc. now owns 17,010 shares of the e-commerce giant’s stock worth $3,287,000 after acquiring an additional 13,275 shares during the period. Menard Financial Group LLC lifted its position in shares of Amazon.com by 24.8% in the 2nd quarter. Menard Financial Group LLC now owns 27,857 shares of the e-commerce giant’s stock worth $5,383,000 after acquiring an additional 5,542 shares during the period. Citizens Financial Group Inc. RI lifted its position in shares of Amazon.com by 82.0% in the 2nd quarter. Citizens Financial Group Inc. RI now owns 407,143 shares of the e-commerce giant’s stock worth $78,680,000 after acquiring an additional 183,413 shares during the period. Finally, City of London Investment Management Co. Ltd. lifted its position in shares of Amazon.com by 968.0% in the 2nd quarter. City of London Investment Management Co. Ltd. now owns 45,015 shares of the e-commerce giant’s stock worth $8,699,000 after acquiring an additional 40,800 shares during the period. Institutional investors own 72.20% of the company’s stock.

Wall Street Analysts Forecast Growth

AMZN has been the subject of several research analyst reports. Evercore ISI upped their price objective on Amazon.com from $240.00 to $260.00 and gave the company an “outperform” rating in a report on Friday, November 1st. Robert W. Baird upped their price objective on Amazon.com from $220.00 to $260.00 and gave the company an “outperform” rating in a report on Friday, December 13th. Deutsche Bank Aktiengesellschaft upped their price objective on Amazon.com from $225.00 to $232.00 and gave the company a “buy” rating in a report on Friday, November 1st. Stifel Nicolaus upped their price objective on Amazon.com from $245.00 to $275.00 and gave the company a “buy” rating in a report on Friday, February 7th. Finally, Scotiabank boosted their target price on Amazon.com from $246.00 to $306.00 and gave the stock a “sector outperform” rating in a research report on Friday, January 24th. Two research analysts have rated the stock with a hold rating, forty-two have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $260.74.

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.