Amazon.com, Inc. (NASDAQ:AMZN) CEO Douglas J. Herrington Sells 7,456 Shares of Stock

Amazon.com, Inc. (NASDAQ:AMZN) CEO Douglas J. Herrington sold 7,456 shares of the stock in a transaction on Monday, November 21st. The stock was sold at an average price of $94.00, for a total transaction of $700,864.00. Following the completion of the sale, the chief executive officer now owns 533,435 shares in the company, valued at approximately $50,142,890. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

Amazon.com Trading Up 1.0 %

AMZN traded up $0.93 on Thursday, reaching $94.13. 59,414,684 shares of the company’s stock were exchanged, compared to its average volume of 110,915,312. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.68 and a current ratio of 0.94. Amazon.com, Inc. has a twelve month low of $85.87 and a twelve month high of $181.68. The company’s 50 day moving average is $109.13 and its 200-day moving average is $116.76. The company has a market cap of $960.28 billion, a price-to-earnings ratio of 86.40, a PEG ratio of 6.23 and a beta of 1.23.

Amazon.com (NASDAQ:AMZNGet Rating) last issued its quarterly earnings data on Thursday, October 27th. The e-commerce giant reported $0.28 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.22 by $0.06. The company had revenue of $127.10 billion during the quarter, compared to the consensus estimate of $127.47 billion. Amazon.com had a net margin of 2.25% and a return on equity of 14.44%. Amazon.com’s revenue for the quarter was up 14.7% on a year-over-year basis. During the same quarter last year, the company earned $0.31 earnings per share. Equities analysts predict that Amazon.com, Inc. will post 0.74 earnings per share for the current year.

Hedge Funds Weigh In On Amazon.com

Several institutional investors and hedge funds have recently made changes to their positions in the business. Toroso Investments LLC boosted its stake in shares of Amazon.com by 10.1% during the 3rd quarter. Toroso Investments LLC now owns 273,630 shares of the e-commerce giant’s stock valued at $30,921,000 after buying an additional 25,103 shares during the last quarter. Invst LLC boosted its stake in shares of Amazon.com by 1.5% during the 3rd quarter. Invst LLC now owns 35,084 shares of the e-commerce giant’s stock valued at $3,988,000 after buying an additional 517 shares during the last quarter. Client 1ST Advisory Group LLC boosted its stake in shares of Amazon.com by 22.4% during the 3rd quarter. Client 1ST Advisory Group LLC now owns 3,452 shares of the e-commerce giant’s stock valued at $390,000 after buying an additional 632 shares during the last quarter. Continental Investors Services Inc. lifted its stake in Amazon.com by 6,300.0% during the third quarter. Continental Investors Services Inc. now owns 238,080 shares of the e-commerce giant’s stock worth $30,092,000 after purchasing an additional 234,360 shares during the last quarter. Finally, IHT Wealth Management LLC lifted its stake in Amazon.com by 26.1% during the third quarter. IHT Wealth Management LLC now owns 193,893 shares of the e-commerce giant’s stock worth $21,910,000 after purchasing an additional 40,145 shares during the last quarter. 57.15% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

AMZN has been the topic of a number of recent analyst reports. Moffett Nathanson initiated coverage on shares of Amazon.com in a report on Tuesday, November 15th. They set an “outperform” rating and a $118.00 price target on the stock. Mizuho lowered their price target on shares of Amazon.com from $155.00 to $135.00 and set a “buy” rating on the stock in a report on Friday, October 28th. Cowen lowered their price target on shares of Amazon.com from $195.00 to $150.00 and set an “outperform” rating on the stock in a report on Friday, October 28th. Needham & Company LLC lowered their price target on shares of Amazon.com from $175.00 to $120.00 and set a “buy” rating on the stock in a report on Friday, October 28th. Finally, Truist Financial decreased their price objective on shares of Amazon.com from $170.00 to $160.00 and set a “buy” rating on the stock in a report on Friday, October 28th. Two research analysts have rated the stock with a sell rating, three have given a hold rating and forty-one have given a buy rating to the stock. Based on data from MarketBeat, Amazon.com currently has an average rating of “Moderate Buy” and an average price target of $149.40.

Amazon.com Company Profile

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Amazon.com, Inc engages in the retail sale of consumer products and subscriptions in North America and internationally. The company operates through three segments: North America, International, and Amazon Web Services (AWS). It sells merchandise and content purchased for resale from third-party sellers through physical and online stores.

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