Amazon.com (NASDAQ:AMZN) CEO Douglas Herrington Sells 6,370 Shares

Amazon.com, Inc. (NASDAQ:AMZN) CEO Douglas Herrington sold 6,370 shares of the company’s stock in a transaction on Thursday, May 21st. The shares were sold at an average price of $262.39, for a total transaction of $1,671,424.30. Following the sale, the chief executive officer directly owned 486,527 shares in the company, valued at approximately $127,659,819.53. The trade was a 1.29% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Amazon.com Price Performance

AMZN stock traded down $1.03 during trading on Tuesday, hitting $265.29. 37,952,955 shares of the company’s stock traded hands, compared to its average volume of 48,463,938. Amazon.com, Inc. has a 52 week low of $196.00 and a 52 week high of $278.56. The stock has a market capitalization of $2.85 trillion, a price-to-earnings ratio of 31.73, a P/E/G ratio of 1.99 and a beta of 1.46. The business has a fifty day simple moving average of $240.63 and a 200 day simple moving average of $231.82. The company has a debt-to-equity ratio of 0.27, a quick ratio of 1.01 and a current ratio of 1.18.

Amazon.com (NASDAQ:AMZN) last posted its earnings results on Wednesday, April 29th. The e-commerce giant reported $2.78 earnings per share for the quarter, topping analysts’ consensus estimates of $1.63 by $1.15. Amazon.com had a net margin of 12.22% and a return on equity of 19.92%. The firm had revenue of $181.52 billion for the quarter, compared to the consensus estimate of $177.28 billion. During the same period in the previous year, the firm posted $1.59 EPS. The business’s quarterly revenue was up 16.6% on a year-over-year basis. As a group, research analysts expect that Amazon.com, Inc. will post 7.71 EPS for the current fiscal year.

Key Amazon.com News

Here are the key news stories impacting Amazon.com this week:

• Positive Sentiment: Several recent articles highlight bullish views on Amazon’s growth outlook, including upgrades and pieces arguing the stock still has meaningful upside thanks to AWS re-acceleration, advertising growth, and margin expansion. Amazon: You Might Not Find A Better Chance To Double Down Now (Rating Upgrade)
• Positive Sentiment: Wall Street sentiment remains constructive, with multiple buy/overweight ratings and recent price targets well above the current trading range, reinforcing expectations for continued upside. Jeff Bezos Says If Amazon Were Run Like NYC Schools…
• Positive Sentiment: Amazon is also being grouped with other AI leaders as the market rewards companies with heavy AI investment and strong balance sheets, which supports the stock’s momentum. Google, Meta, Amazon, and 6 other tech stocks powering the stock market’s profit excitement
• Positive Sentiment: Amazon’s latest quarterly results were already strong, with revenue growth and earnings beating expectations, giving investors confidence that the business is still executing well. Amazon.com Trading Down 0.4%
• Neutral Sentiment: Fresh headlines about Amazon rival Stord raising nearly $250 million for logistics expansion are more of a competitive backdrop than an immediate threat, but they remind investors that Amazon’s logistics and AI fulfillment advantage will keep attracting challengers. Stord Banks $250 Million to Topple Amazon’s (AMZN) AI Logistics Grip
• Negative Sentiment: Some commentary remains cautious, with a few articles questioning Amazon’s valuation and margin math, suggesting investors are still watching whether growth can translate into sustained profitability. Amazon: The Numbers Might Not Add Up
• Negative Sentiment: One competitive concern is that new logistics funding and broader AI competition could increase pressure on Amazon to keep spending aggressively to defend its market position. ‘I Would Wait,’ Says Top Investor About Amazon Stock

Analysts Set New Price Targets

A number of brokerages have recently commented on AMZN. JPMorgan Chase & Co. lifted their target price on Amazon.com from $280.00 to $330.00 and gave the stock an “overweight” rating in a report on Thursday, April 30th. HSBC increased their price target on Amazon.com from $280.00 to $310.00 and gave the company a “buy” rating in a report on Thursday, April 30th. Piper Sandler reaffirmed an “overweight” rating and set a $315.00 price objective (up from $260.00) on shares of Amazon.com in a research note on Thursday, April 30th. UBS Group reiterated a “buy” rating and set a $333.00 price objective (up from $304.00) on shares of Amazon.com in a research report on Wednesday, April 29th. Finally, KeyCorp increased their target price on shares of Amazon.com from $325.00 to $330.00 and gave the company an “overweight” rating in a research note on Thursday, April 30th. Fifty-seven investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $312.66.

Institutional Investors Weigh In On Amazon.com

Institutional investors have recently added to or reduced their stakes in the stock. American Capital Advisory LLC boosted its stake in shares of Amazon.com by 63.9% in the third quarter. American Capital Advisory LLC now owns 8,081 shares of the e-commerce giant’s stock worth $1,774,000 after buying an additional 3,152 shares during the last quarter. Compagnie Lombard Odier SCmA acquired a new position in Amazon.com in the third quarter valued at approximately $451,642,000. Narwhal Capital Management boosted its position in Amazon.com by 2.3% in the 4th quarter. Narwhal Capital Management now owns 216,606 shares of the e-commerce giant’s stock worth $49,997,000 after purchasing an additional 4,854 shares in the last quarter. Weaver Capital Management LLC boosted its position in Amazon.com by 13.6% in the 4th quarter. Weaver Capital Management LLC now owns 39,264 shares of the e-commerce giant’s stock worth $9,063,000 after purchasing an additional 4,713 shares in the last quarter. Finally, Ethos Financial Group LLC grew its stake in shares of Amazon.com by 9.6% during the 4th quarter. Ethos Financial Group LLC now owns 36,485 shares of the e-commerce giant’s stock worth $8,421,000 after purchasing an additional 3,196 shares during the period. Institutional investors own 72.20% of the company’s stock.

About Amazon.com

Amazon.com, Inc is a diversified technology and retail company best known for its e-commerce marketplace and broad portfolio of consumer and enterprise services. Founded by Jeff Bezos in 1994 and headquartered in Seattle, Washington, the company launched as an online bookseller and expanded into a global retail platform that sells products directly to consumers and provides a marketplace for third-party sellers. Over time Amazon has grown beyond retail into areas including cloud computing, digital media, devices and logistics.

Key businesses and offerings include Amazon’s online marketplace and fulfillment services, the Amazon Prime membership program (which bundles expedited shipping with streaming and other benefits), Amazon Web Services (AWS) which supplies on-demand cloud computing and storage to businesses and public-sector customers, and a range of content and advertising services such as Prime Video and Amazon Advertising.