Douglas J. Herrington Sells 27,500 Shares of Amazon.com, Inc. (NASDAQ:AMZN) Stock

Amazon.com, Inc. (NASDAQ:AMZN) CEO Douglas J. Herrington sold 27,500 shares of the stock in a transaction dated Wednesday, February 12th. The stock was sold at an average price of $230.27, for a total value of $6,332,425.00. Following the transaction, the chief executive officer now owns 497,067 shares in the company, valued at $114,459,618.09. This trade represents a 5.24 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

Amazon.com Price Performance

Shares of AMZN opened at $228.68 on Friday. The company has a market cap of $2.40 trillion, a P/E ratio of 41.35, a PEG ratio of 1.36 and a beta of 1.15. The stock has a fifty day moving average price of $228.21 and a 200 day moving average price of $202.30. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.09 and a quick ratio of 0.87. Amazon.com, Inc. has a 12 month low of $151.61 and a 12 month high of $242.52.

Amazon.com (NASDAQ:AMZN) last issued its quarterly earnings data on Thursday, February 6th. The e-commerce giant reported $1.86 EPS for the quarter, topping analysts’ consensus estimates of $1.52 by $0.34. Amazon.com had a return on equity of 25.49% and a net margin of 9.29%. On average, research analysts forecast that Amazon.com, Inc. will post 6.24 earnings per share for the current year.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the stock. Bienville Capital Management LLC boosted its position in Amazon.com by 0.6% during the 4th quarter. Bienville Capital Management LLC now owns 42,263 shares of the e-commerce giant’s stock worth $9,272,000 after acquiring an additional 260 shares during the period. Gallagher Fiduciary Advisors LLC boosted its position in Amazon.com by 4.8% during the 4th quarter. Gallagher Fiduciary Advisors LLC now owns 21,043 shares of the e-commerce giant’s stock worth $4,617,000 after acquiring an additional 973 shares during the period. Meiji Yasuda Life Insurance Co boosted its position in Amazon.com by 1.5% during the 4th quarter. Meiji Yasuda Life Insurance Co now owns 310,354 shares of the e-commerce giant’s stock worth $68,089,000 after acquiring an additional 4,641 shares during the period. Pennington Partners & CO. LLC acquired a new position in Amazon.com during the 4th quarter worth $3,467,000. Finally, South Plains Financial Inc. acquired a new position in Amazon.com during the 4th quarter worth $3,171,000. 72.20% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on AMZN. Rosenblatt Securities increased their target price on Amazon.com from $236.00 to $287.00 and gave the stock a “buy” rating in a research report on Friday, February 7th. Telsey Advisory Group restated an “outperform” rating and issued a $275.00 price objective on shares of Amazon.com in a report on Friday, February 7th. Redburn Atlantic raised their price objective on Amazon.com from $225.00 to $235.00 and gave the stock a “buy” rating in a report on Tuesday, November 26th. Citigroup cut their price objective on Amazon.com from $275.00 to $273.00 and set a “buy” rating on the stock in a report on Friday, February 7th. Finally, Bank of America raised their price objective on Amazon.com from $210.00 to $230.00 and gave the stock a “buy” rating in a report on Friday, November 1st. Two research analysts have rated the stock with a hold rating, forty-two have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $260.74.

About Amazon.com

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.