Douglas J. Herrington Sells 5,502 Shares of Amazon.com, Inc. (NASDAQ:AMZN) Stock

Amazon.com, Inc. (NASDAQ:AMZN) CEO Douglas J. Herrington sold 5,502 shares of the stock in a transaction dated Friday, November 15th. The stock was sold at an average price of $205.81, for a total value of $1,132,366.62. Following the transaction, the chief executive officer now owns 518,911 shares of the company’s stock, valued at approximately $106,797,072.91. The trade was a 1.05 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link.

Amazon.com Trading Up 1.4 %

Shares of AMZN opened at $204.61 on Wednesday. Amazon.com, Inc. has a 52-week low of $141.50 and a 52-week high of $215.90. The business’s fifty day moving average is $192.19 and its 200-day moving average is $186.06. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.87 and a current ratio of 1.09. The firm has a market cap of $2.15 trillion, a price-to-earnings ratio of 43.81, a PEG ratio of 1.36 and a beta of 1.14.

Amazon.com (NASDAQ:AMZN) last issued its quarterly earnings results on Thursday, October 31st. The e-commerce giant reported $1.43 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.14 by $0.29. The company had revenue of $158.88 billion for the quarter, compared to analyst estimates of $157.28 billion. Amazon.com had a return on equity of 22.41% and a net margin of 8.04%. The company’s revenue for the quarter was up 11.0% compared to the same quarter last year. During the same quarter last year, the company posted $0.85 EPS. Equities analysts anticipate that Amazon.com, Inc. will post 5.27 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

AMZN has been the subject of a number of research reports. Stifel Nicolaus increased their price objective on Amazon.com from $224.00 to $245.00 and gave the stock a “buy” rating in a report on Friday, November 1st. BMO Capital Markets restated an “outperform” rating and issued a $236.00 price target (up from $230.00) on shares of Amazon.com in a research note on Friday, November 1st. DA Davidson restated a “buy” rating and issued a $235.00 price target on shares of Amazon.com in a research note on Thursday, October 10th. The Goldman Sachs Group raised their price target on Amazon.com from $230.00 to $240.00 and gave the company a “buy” rating in a research note on Friday, November 1st. Finally, Needham & Company LLC raised their price target on Amazon.com from $210.00 to $250.00 and gave the company a “buy” rating in a research note on Thursday, November 14th. Two analysts have rated the stock with a hold rating, forty have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, Amazon.com currently has a consensus rating of “Moderate Buy” and an average target price of $235.45.

Institutional Investors Weigh In On Amazon.com

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Unigestion Holding SA grew its position in Amazon.com by 17.4% during the 3rd quarter. Unigestion Holding SA now owns 19,784 shares of the e-commerce giant’s stock worth $3,686,000 after acquiring an additional 2,928 shares during the last quarter. Second Line Capital LLC grew its position in Amazon.com by 141.1% during the 3rd quarter. Second Line Capital LLC now owns 20,523 shares of the e-commerce giant’s stock worth $3,824,000 after acquiring an additional 12,011 shares during the last quarter. TCW Group Inc. lifted its holdings in Amazon.com by 2.0% during the 3rd quarter. TCW Group Inc. now owns 2,358,623 shares of the e-commerce giant’s stock worth $439,482,000 after buying an additional 46,277 shares during the period. Hohimer Wealth Management LLC lifted its holdings in Amazon.com by 0.5% during the 3rd quarter. Hohimer Wealth Management LLC now owns 37,417 shares of the e-commerce giant’s stock worth $6,972,000 after buying an additional 188 shares during the period. Finally, Soltis Investment Advisors LLC lifted its holdings in Amazon.com by 2.1% during the 3rd quarter. Soltis Investment Advisors LLC now owns 122,716 shares of the e-commerce giant’s stock worth $22,866,000 after buying an additional 2,570 shares during the period. Institutional investors own 72.20% of the company’s stock.

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.