Key Points
- Amazon CEO Douglas Herrington sold 1,000 shares on Monday in a transaction worth about $266,190. The sale was made under a pre-arranged Rule 10b5-1 plan, and he still directly owns 485,527 shares.
- Amazon shares were down 2.5% in the article, with the stock opening at $250.02 and trading near its recent range as investors weighed the company’s valuation and performance.
- Analysts remain largely upbeat on Amazon, with 57 Buy ratings, 3 Hold ratings, and a consensus price target of $312.52. Recent earnings also beat expectations, as revenue and EPS came in above analyst estimates.
Amazon.com, Inc. (NASDAQ:AMZN) CEO Douglas Herrington sold 1,000 shares of the firm's stock in a transaction that occurred on Monday, June 1st. The shares were sold at an average price of $266.19, for a total transaction of $266,190.00. Following the completion of the transaction, the chief executive officer directly owned 485,527 shares of the company's stock, valued at $129,242,432.13. This represents a 0.21% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
Amazon.com Stock Down 2.5%
Amazon.com stock opened at $250.02 on Thursday. The firm has a market capitalization of $2.69 trillion, a P/E ratio of 29.91, a P/E/G ratio of 1.92 and a beta of 1.44. The company has a current ratio of 1.18, a quick ratio of 1.01 and a debt-to-equity ratio of 0.27. Amazon.com, Inc. has a twelve month low of $196.00 and a twelve month high of $278.56. The stock's fifty day simple moving average is $248.25 and its 200-day simple moving average is $232.76.
Amazon.com (NASDAQ:AMZN - Get Free Report) last released its earnings results on Wednesday, April 29th. The e-commerce giant reported $2.78 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.63 by $1.15. Amazon.com had a return on equity of 19.92% and a net margin of 12.22%.The firm had revenue of $181.52 billion during the quarter, compared to analyst estimates of $177.28 billion. During the same period last year, the business posted $1.59 earnings per share. Amazon.com's revenue was up 16.6% compared to the same quarter last year. As a group, equities analysts expect that Amazon.com, Inc. will post 7.71 earnings per share for the current fiscal year.
Wall Street Analyst Weigh In
A number of research analysts recently issued reports on AMZN shares. Mizuho lifted their price target on shares of Amazon.com from $315.00 to $325.00 and gave the stock an "outperform" rating in a research note on Tuesday, April 28th. Evercore increased their price objective on shares of Amazon.com from $285.00 to $315.00 and gave the company an "outperform" rating in a research report on Thursday, April 30th. JPMorgan Chase & Co. raised their price objective on shares of Amazon.com from $280.00 to $330.00 and gave the company an "overweight" rating in a report on Thursday, April 30th. DA Davidson lifted their price objective on shares of Amazon.com from $175.00 to $250.00 and gave the stock a "neutral" rating in a research report on Thursday, April 30th. Finally, Weiss Ratings upgraded shares of Amazon.com from a "buy (b-)" rating to a "buy (b)" rating in a research note on Wednesday, May 6th. Fifty-seven investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company's stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $312.52.
View Our Latest Report on Amazon.com
Hedge Funds Weigh In On Amazon.com
Several large investors have recently bought and sold shares of the stock. CoreFirst Bank & Trust grew its holdings in shares of Amazon.com by 1.1% during the first quarter. CoreFirst Bank & Trust now owns 3,620 shares of the e-commerce giant's stock worth $754,000 after purchasing an additional 40 shares during the last quarter. Stillwater Private Wealth LLC acquired a new stake in shares of Amazon.com in the 1st quarter valued at about $1,031,000. Parallel Advisors LLC grew its stake in Amazon.com by 2.2% during the 1st quarter. Parallel Advisors LLC now owns 409,554 shares of the e-commerce giant's stock worth $85,298,000 after buying an additional 8,783 shares during the last quarter. NewEdge Advisors LLC increased its position in Amazon.com by 2.5% during the first quarter. NewEdge Advisors LLC now owns 2,102,077 shares of the e-commerce giant's stock worth $437,800,000 after buying an additional 51,522 shares during the period. Finally, Blue Edge Capital LLC lifted its stake in Amazon.com by 2.5% in the first quarter. Blue Edge Capital LLC now owns 53,121 shares of the e-commerce giant's stock valued at $11,064,000 after buying an additional 1,297 shares during the last quarter. Institutional investors and hedge funds own 72.20% of the company's stock.
More Amazon.com News
Here are the key news stories impacting Amazon.com this week:
- Positive Sentiment: Amazon unveiled a new AI-powered warehouse robot and is backing a €10 billion expansion of its European fulfillment network, reinforcing expectations for faster logistics, lower operating costs, and continued AI-driven efficiency gains. Article Title
- Positive Sentiment: Amazon’s Prime Day was moved to June 23–26 and expanded to a four-day event, which could boost near-term retail sales, Prime sign-ups, and ad revenue while highlighting Alexa AI features in shopping. Article Title
- Positive Sentiment: Several articles pointed to Amazon’s growing AI and cloud opportunity, including comments that AWS, advertising, and subscriptions are compounding faster than retail and that Amazon remains one of the market’s main AI infrastructure beneficiaries. Article Title
- Positive Sentiment: Amazon overtook Walmart to become the largest U.S. company by revenue and surpassed $700 billion in annual sales, underscoring its scale and execution strength. Article Title
- Neutral Sentiment: Amazon launched Prime in South Africa for under $4 per month, a modest international expansion that supports long-term membership growth but is unlikely to move the stock immediately. Article Title
- Negative Sentiment: Amazon faces fresh pressure from a class-action lawsuit over Ring facial-recognition features and broader scrutiny of its data practices in Europe, adding regulatory and legal overhangs for AWS and connected devices. Article Title
- Negative Sentiment: Reports that Amazon is willing to discuss shutting down operations in Quebec and that engineers criticized the company’s AI spending while layoffs continue may reinforce investor worries about costs, labor relations, and political scrutiny. Article Title
- Negative Sentiment: Amazon insider selling remained a talking point, including a recent CEO stock sale, which can add to short-term caution even though the sale was made under a pre-arranged trading plan. Article Title
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.
Further Reading
This instant news alert was generated by narrative science technology and financial data from InsiderTrades.com in order to provide readers with the fastest and most accurate reporting. Please send any questions or comments about this story to [email protected].
