Insider Selling: Amazon.com, Inc. (NASDAQ:AMZN) CEO Sells 3,500 Shares of Stock

by · The Cerbat Gem

Amazon.com, Inc. (NASDAQ:AMZN) CEO Douglas J. Herrington sold 3,500 shares of the company’s stock in a transaction dated Monday, December 2nd. The shares were sold at an average price of $210.00, for a total value of $735,000.00. Following the completion of the sale, the chief executive officer now directly owns 524,567 shares of the company’s stock, valued at approximately $110,159,070. This trade represents a 0.66 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.

Amazon.com Stock Performance

AMZN traded up $4.72 during trading on Wednesday, reaching $218.16. 48,679,234 shares of the company were exchanged, compared to its average volume of 41,404,594. Amazon.com, Inc. has a 52 week low of $143.13 and a 52 week high of $220.00. The company has a current ratio of 1.09, a quick ratio of 0.87 and a debt-to-equity ratio of 0.21. The firm has a 50 day moving average of $195.51 and a 200 day moving average of $187.34. The stock has a market cap of $2.29 trillion, a P/E ratio of 46.94, a PEG ratio of 1.41 and a beta of 1.16.

Amazon.com (NASDAQ:AMZN – Get Free Report) last released its quarterly earnings results on Thursday, October 31st. The e-commerce giant reported $1.43 EPS for the quarter, topping the consensus estimate of $1.14 by $0.29. The business had revenue of $158.88 billion during the quarter, compared to analyst estimates of $157.28 billion. Amazon.com had a net margin of 8.04% and a return on equity of 22.41%. The company’s quarterly revenue was up 11.0% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.85 earnings per share. On average, sell-side analysts forecast that Amazon.com, Inc. will post 5.29 EPS for the current fiscal year.

Hedge Funds Weigh In On Amazon.com

A number of institutional investors and hedge funds have recently added to or reduced their stakes in AMZN. Dantai Capital Ltd raised its stake in Amazon.com by 10.6% during the 3rd quarter. Dantai Capital Ltd now owns 30,415 shares of the e-commerce giant’s stock valued at $5,667,000 after acquiring an additional 2,925 shares in the last quarter. Boulder Wealth Advisors LLC acquired a new position in Amazon.com during the 3rd quarter valued at about $239,000. Oriental Harbor Investment Fund bought a new stake in shares of Amazon.com during the 3rd quarter worth about $60,957,000. Inspire Trust Co. N.A. boosted its holdings in shares of Amazon.com by 13.4% in the third quarter. Inspire Trust Co. N.A. now owns 17,405 shares of the e-commerce giant’s stock valued at $3,243,000 after acquiring an additional 2,054 shares in the last quarter. Finally, Franklin Resources Inc. boosted its holdings in shares of Amazon.com by 0.5% in the third quarter. Franklin Resources Inc. now owns 47,156,540 shares of the e-commerce giant’s stock valued at $8,843,714,000 after acquiring an additional 257,072 shares in the last quarter. 72.20% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on AMZN. Royal Bank of Canada lifted their target price on shares of Amazon.com from $215.00 to $225.00 and gave the company an “outperform” rating in a report on Friday, November 1st. Maxim Group lifted their price objective on shares of Amazon.com from $251.00 to $260.00 and gave the company a “buy” rating in a research note on Friday, November 1st. The Goldman Sachs Group raised their price target on Amazon.com from $230.00 to $240.00 and gave the stock a “buy” rating in a report on Friday, November 1st. Telsey Advisory Group lifted their target price on Amazon.com from $215.00 to $235.00 and gave the company an “outperform” rating in a research note on Friday, November 1st. Finally, JMP Securities upped their price target on Amazon.com from $265.00 to $285.00 and gave the stock a “market outperform” rating in a research note on Friday, November 1st. Two research analysts have rated the stock with a hold rating, forty-one have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $236.20.

Get Our Latest Stock Report on Amazon.com

Amazon.com Company Profile

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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.

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