Key Points
- Amazon CEO Douglas Herrington sold 3,742 shares on May 15 in a pre-arranged Rule 10b5-1 transaction, fetching about $982,612 at an average price of $262.59 per share. After the sale, he still held 476,972 shares valued at roughly $125.25 million.
- Amazon’s recent earnings were strong, with quarterly EPS of $2.78 beating expectations and revenue of $181.52 billion topping estimates. Revenue rose 16.6% year over year, underscoring solid business momentum.
- Analysts remain upbeat on AMZN, with several firms raising price targets and the stock carrying a consensus “Moderate Buy” rating. The average price target is $312.67, above the recent trading range.
Amazon.com, Inc. (NASDAQ:AMZN) CEO Douglas Herrington sold 3,742 shares of the company's stock in a transaction that occurred on Friday, May 15th. The shares were sold at an average price of $262.59, for a total value of $982,611.78. Following the completion of the sale, the chief executive officer owned 476,972 shares in the company, valued at $125,248,077.48. This represents a 0.78% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
Amazon.com Price Performance
NASDAQ:AMZN opened at $259.32 on Wednesday. The firm has a market capitalization of $2.79 trillion, a price-to-earnings ratio of 31.02, a P/E/G ratio of 1.98 and a beta of 1.46. The company has a quick ratio of 1.01, a current ratio of 1.18 and a debt-to-equity ratio of 0.27. Amazon.com, Inc. has a 12-month low of $196.00 and a 12-month high of $278.56. The stock's 50 day moving average price is $236.31 and its two-hundred day moving average price is $231.15.
Amazon.com (NASDAQ:AMZN - Get Free Report) last announced 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. The company had revenue of $181.52 billion for the quarter, compared to analyst estimates of $177.28 billion. Amazon.com had a return on equity of 19.92% and a net margin of 12.22%.The firm's quarterly revenue was up 16.6% compared to the same quarter last year. During the same quarter last year, the company earned $1.59 earnings per share. On average, analysts anticipate that Amazon.com, Inc. will post 7.71 earnings per share for the current year.
More Amazon.com News
Here are the key news stories impacting Amazon.com this week:
Institutional Investors Weigh In On Amazon.com
A number of large investors have recently added to or reduced their stakes in the stock. Red Crane Wealth Management LLC grew its position in Amazon.com by 2.3% during the first quarter. Red Crane Wealth Management LLC now owns 1,663 shares of the e-commerce giant's stock worth $346,000 after buying an additional 38 shares in the last quarter. Robinson Smith Wealth Advisors LLC boosted its holdings in shares of Amazon.com by 0.7% in the 1st quarter. Robinson Smith Wealth Advisors LLC now owns 5,509 shares of the e-commerce giant's stock valued at $1,147,000 after purchasing an additional 40 shares in the last quarter. Sfam LLC boosted its holdings in shares of Amazon.com by 3.4% in the 1st quarter. Sfam LLC now owns 1,224 shares of the e-commerce giant's stock valued at $255,000 after purchasing an additional 40 shares in the last quarter. Measured Risk Portfolios Inc. boosted its holdings in shares of Amazon.com by 3.4% in the 1st quarter. Measured Risk Portfolios Inc. now owns 1,206 shares of the e-commerce giant's stock valued at $251,000 after purchasing an additional 40 shares in the last quarter. Finally, Lifelong Wealth Advisors Inc. boosted its holdings in shares of Amazon.com by 2.4% in the 4th quarter. Lifelong Wealth Advisors Inc. now owns 1,740 shares of the e-commerce giant's stock valued at $402,000 after purchasing an additional 41 shares in the last quarter. Institutional investors and hedge funds own 72.20% of the company's stock.
Analyst Upgrades and Downgrades
A number of equities analysts have recently weighed in on the company. Maxim Group increased their target price on Amazon.com from $290.00 to $315.00 and gave the stock a "buy" rating in a research note on Thursday, April 30th. New Street Research increased their target price on Amazon.com from $280.00 to $350.00 and gave the stock a "buy" rating in a research note on Monday, May 4th. Sanford C. Bernstein reiterated an "outperform" rating and set a $315.00 target price (up from $300.00) on shares of Amazon.com in a research note on Thursday, April 30th. KeyCorp increased their target price on Amazon.com from $325.00 to $330.00 and gave the stock an "overweight" rating in a research note on Thursday, April 30th. Finally, Bank of America increased their target price on Amazon.com from $298.00 to $310.00 and gave the stock a "buy" rating in a research note on Thursday, April 30th. Fifty-seven equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company's stock. According to MarketBeat.com, Amazon.com currently has an average rating of "Moderate Buy" and an average price target of $312.67.
View Our Latest Analysis on Amazon.com
About Amazon.com
(
Get Free Report)
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.
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