Key Points
- Amazon CEO Douglas Herrington sold 2,500 shares on Dec. 1 at an average price of $233.22 for proceeds of $583,050, trimming his stake 0.49% to 505,934 shares (worth roughly $118M).
- Amazon beat expectations last quarter with EPS of $1.95 versus $1.57 consensus and revenue of $180.17B (+13.4% YoY); the stock trades with a market cap of $2.48T and a P/E of 32.82.
- Analysts are largely bullish — the consensus rating is "Moderate Buy" with a consensus price target near $296.11, and several firms recently raised targets into the $280–$300 range.
Amazon.com, Inc. (NASDAQ:AMZN) CEO Douglas Herrington sold 2,500 shares of the stock in a transaction dated Monday, December 1st. The stock was sold at an average price of $233.22, for a total transaction of $583,050.00. Following the transaction, the chief executive officer directly owned 505,934 shares in the company, valued at $117,993,927.48. This trade represents a 0.49% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.
Amazon.com Stock Performance
Shares of Amazon.com stock opened at $232.38 on Thursday. The business has a 50-day simple moving average of $228.17 and a 200 day simple moving average of $223.61. Amazon.com, Inc. has a one year low of $161.38 and a one year high of $258.60. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.01 and a quick ratio of 0.80. The firm has a market capitalization of $2.48 trillion, a price-to-earnings ratio of 32.82, a PEG ratio of 1.61 and a beta of 1.37.
Amazon.com (NASDAQ:AMZN - Get Free Report) last announced its quarterly earnings results on Thursday, October 30th. The e-commerce giant reported $1.95 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.57 by $0.38. Amazon.com had a return on equity of 23.62% and a net margin of 11.06%.The business had revenue of $180.17 billion for the quarter, compared to analyst estimates of $177.53 billion. During the same quarter in the prior year, the company earned $1.43 earnings per share. The company's quarterly revenue was up 13.4% on a year-over-year basis. On average, research analysts anticipate that Amazon.com, Inc. will post 6.31 earnings per share for the current fiscal year.
Institutional Investors Weigh In On Amazon.com
Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Brighton Jones LLC boosted its position in Amazon.com by 10.9% in the fourth quarter. Brighton Jones LLC now owns 4,036,091 shares of the e-commerce giant's stock worth $885,478,000 after purchasing an additional 397,007 shares during the last quarter. Revolve Wealth Partners LLC raised its stake in shares of Amazon.com by 4.1% during the 4th quarter. Revolve Wealth Partners LLC now owns 25,045 shares of the e-commerce giant's stock worth $5,495,000 after purchasing an additional 986 shares during the period. Bank Pictet & Cie Europe AG raised its stake in shares of Amazon.com by 2.8% during the 4th quarter. Bank Pictet & Cie Europe AG now owns 2,016,869 shares of the e-commerce giant's stock worth $442,481,000 after purchasing an additional 54,987 shares during the period. Highview Capital Management LLC DE boosted its holdings in shares of Amazon.com by 5.5% in the 4th quarter. Highview Capital Management LLC DE now owns 28,975 shares of the e-commerce giant's stock worth $6,357,000 after buying an additional 1,518 shares during the last quarter. Finally, Liberty Square Wealth Partners LLC bought a new position in Amazon.com during the fourth quarter valued at about $2,153,000. Hedge funds and other institutional investors own 72.20% of the company's stock.
Wall Street Analyst Weigh In
Several analysts recently issued reports on AMZN shares. Pivotal Research boosted their price target on shares of Amazon.com from $285.00 to $300.00 and gave the company a "buy" rating in a research note on Friday, October 31st. CICC Research lifted their price objective on shares of Amazon.com from $240.00 to $280.00 and gave the company an "outperform" rating in a report on Wednesday, November 5th. JMP Securities set a $300.00 target price on shares of Amazon.com in a research report on Friday, October 31st. BNP Paribas began coverage on shares of Amazon.com in a research report on Monday, November 24th. They issued an "outperform" rating on the stock. Finally, Benchmark lifted their price target on Amazon.com from $260.00 to $295.00 and gave the company a "buy" rating in a research note on Friday, October 31st. One investment analyst has rated the stock with a Strong Buy rating, fifty-seven have issued a Buy rating and three have given a Hold rating to the stock. According to MarketBeat, Amazon.com has an average rating of "Moderate Buy" and a consensus price target of $296.11.
View Our Latest Stock Report on Amazon.com
Amazon.com Company Profile
(
Get Free Report)
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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