Douglas J. Herrington Sells 20,200 Shares of Amazon.com, Inc. (NASDAQ:AMZN) Stock

Amazon.com, Inc. (NASDAQ:AMZN) CEO Douglas J. Herrington sold 20,200 shares of Amazon.com stock in a transaction on Wednesday, February 7th. The shares were sold at an average price of $169.99, for a total value of $3,433,798.00. Following the sale, the chief executive officer now directly owns 514,131 shares of the company’s stock, valued at approximately $87,397,128.69. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

Amazon.com Price Performance

AMZN stock opened at $174.45 on Monday. The stock has a 50-day moving average price of $154.41 and a two-hundred day moving average price of $142.30. The stock has a market cap of $1.81 trillion, a PE ratio of 60.16, a price-to-earnings-growth ratio of 1.54 and a beta of 1.14. The company has a current ratio of 1.05, a quick ratio of 0.84 and a debt-to-equity ratio of 0.29. Amazon.com, Inc. has a 1 year low of $88.12 and a 1 year high of $175.00.

Amazon.com (NASDAQ:AMZNGet Free Report) last released its earnings results on Thursday, February 1st. The e-commerce giant reported $1.00 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.81 by $0.19. The firm had revenue of $169.96 billion during the quarter, compared to analysts’ expectations of $165.96 billion. Amazon.com had a return on equity of 16.61% and a net margin of 5.29%. The company’s revenue was up 13.9% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.21 EPS. Equities analysts forecast that Amazon.com, Inc. will post 4.03 EPS for the current fiscal year.

Hedge Funds Weigh In On Amazon.com

A number of large investors have recently added to or reduced their stakes in the company. State Street Corp grew its holdings in shares of Amazon.com by 1,869.1% in the 2nd quarter. State Street Corp now owns 326,727,487 shares of the e-commerce giant’s stock valued at $34,701,726,000 after acquiring an additional 310,134,486 shares in the last quarter. Price T Rowe Associates Inc. MD grew its holdings in shares of Amazon.com by 1,838.8% in the 2nd quarter. Price T Rowe Associates Inc. MD now owns 311,971,394 shares of the e-commerce giant’s stock valued at $33,134,481,000 after acquiring an additional 295,880,050 shares in the last quarter. FMR LLC grew its holdings in shares of Amazon.com by 1,792.4% in the 2nd quarter. FMR LLC now owns 286,047,356 shares of the e-commerce giant’s stock valued at $30,381,089,000 after acquiring an additional 270,931,640 shares in the last quarter. Norges Bank bought a new position in shares of Amazon.com in the 4th quarter valued at about $17,700,551,000. Finally, Moneta Group Investment Advisors LLC grew its holdings in Amazon.com by 120,235.9% during the fourth quarter. Moneta Group Investment Advisors LLC now owns 116,480,298 shares of the e-commerce giant’s stock worth $9,784,345,000 after purchasing an additional 116,383,502 shares during the period. Institutional investors own 57.96% of the company’s stock.

Analyst Ratings Changes

A number of analysts recently issued reports on the company. Needham & Company LLC lifted their price objective on Amazon.com from $175.00 to $205.00 and gave the company a “buy” rating in a research report on Friday, February 2nd. Evercore ISI raised their target price on Amazon.com from $195.00 to $220.00 and gave the company an “outperform” rating in a report on Friday, February 2nd. Mizuho raised their target price on Amazon.com from $220.00 to $230.00 and gave the company a “buy” rating in a report on Friday, February 2nd. Robert W. Baird raised their target price on Amazon.com from $185.00 to $205.00 and gave the company an “outperform” rating in a report on Friday, February 2nd. Finally, The Goldman Sachs Group raised their target price on Amazon.com from $200.00 to $220.00 and gave the company a “buy” rating in a report on Friday, February 2nd. One analyst has rated the stock with a hold rating, forty-three have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, Amazon.com presently has an average rating of “Buy” and an average target price of $197.95.

Check Out Our Latest Analysis on Amazon.com

Amazon.com Company Profile

(Get Free Report)

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

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Insider Buying and Selling by Quarter for Amazon.com (NASDAQ:AMZN)

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