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 the firm’s stock in a transaction dated Wednesday, February 7th. The shares were sold at an average price of $169.99, for a total transaction of $3,433,798.00. Following the completion of the sale, the chief executive officer now 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 SEC, which is available at this link.

Amazon.com Stock Performance

NASDAQ AMZN opened at $174.45 on Friday. The company has a current ratio of 1.05, a quick ratio of 0.84 and a debt-to-equity ratio of 0.29. The firm’s fifty day moving average price is $154.41 and its two-hundred day moving average price is $142.11. Amazon.com, Inc. has a 1 year low of $88.12 and a 1 year high of $175.00. The firm has a market capitalization of $1.81 trillion, a P/E ratio of 60.16, a price-to-earnings-growth ratio of 1.50 and a beta of 1.14.

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

Hedge Funds Weigh In On Amazon.com

Institutional investors and hedge funds have recently modified their holdings of the stock. Leonard Rickey Investment Advisors P.L.L.C. grew its stake in shares of Amazon.com by 2.5% in the second quarter. Leonard Rickey Investment Advisors P.L.L.C. now owns 11,645 shares of the e-commerce giant’s stock valued at $1,518,000 after acquiring an additional 288 shares in the last quarter. ANTIPODES PARTNERS Ltd acquired a new position in shares of Amazon.com in the second quarter valued at about $123,733,000. King Wealth grew its stake in shares of Amazon.com by 4.6% in the second quarter. King Wealth now owns 29,352 shares of the e-commerce giant’s stock valued at $3,826,000 after acquiring an additional 1,296 shares in the last quarter. Meitav Investment House Ltd. grew its stake in shares of Amazon.com by 3.3% in the second quarter. Meitav Investment House Ltd. now owns 636,652 shares of the e-commerce giant’s stock valued at $81,543,000 after acquiring an additional 20,574 shares in the last quarter. Finally, Ascension Asset Management LLC acquired a new position in shares of Amazon.com in the second quarter valued at about $2,001,000. 57.96% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on the stock. Rosenblatt Securities lifted their price target on shares of Amazon.com from $184.00 to $185.00 and gave the stock a “buy” rating in a research report on Friday, October 27th. Wedbush boosted their price objective on shares of Amazon.com from $210.00 to $220.00 and gave the company an “outperform” rating in a report on Friday, February 2nd. Deutsche Bank Aktiengesellschaft boosted their price objective on shares of Amazon.com from $175.00 to $200.00 and gave the company a “buy” rating in a report on Friday, February 2nd. JMP Securities boosted their price objective on shares of Amazon.com from $175.00 to $225.00 and gave the company an “outperform” rating in a report on Friday, February 2nd. Finally, Tigress Financial boosted their price objective on shares of Amazon.com from $204.00 to $210.00 and gave the company a “buy” rating in a report on Friday, November 10th. One investment 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. Based on data from MarketBeat.com, Amazon.com has a consensus rating of “Buy” and an average price target of $197.95.

Read Our Latest Report 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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