Amazon.com, Inc. (NASDAQ:AMZN) CEO Douglas J. Herrington sold 3,500 shares of the company's stock in a transaction that occurred on Monday, June 3rd. The stock was sold at an average price of $177.29, for a total transaction of $620,515.00. Following the completion of the sale, the chief executive officer now directly owns 523,253 shares of the company's stock, valued at $92,767,524.37. The sale was disclosed in a filing with the SEC, which is available at the SEC website.
Amazon.com Price Performance
NASDAQ:AMZN opened at $181.28 on Thursday. The company has a 50-day moving average of $182.36 and a 200-day moving average of $168.28. The company has a market capitalization of $1.89 trillion, a price-to-earnings ratio of 50.78, a PEG ratio of 1.28 and a beta of 1.14. Amazon.com, Inc. has a 52 week low of $118.35 and a 52 week high of $191.70. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.87 and a current ratio of 1.07.
Amazon.com (NASDAQ:AMZN - Get Free Report) last announced its quarterly earnings results on Tuesday, April 30th. The e-commerce giant reported $0.98 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.83 by $0.15. Amazon.com had a net margin of 6.38% and a return on equity of 19.86%. The firm had revenue of $143.31 billion during the quarter, compared to the consensus estimate of $142.65 billion. During the same period last year, the firm posted $0.31 EPS. The firm's quarterly revenue was up 12.5% on a year-over-year basis. As a group, equities research analysts anticipate that Amazon.com, Inc. will post 4.72 earnings per share for the current fiscal year.
Hedge Funds Weigh In On Amazon.com
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A number of institutional investors have recently modified their holdings of the stock. Vanguard Group Inc. grew its position in shares of Amazon.com by 1.9% during the 1st quarter. Vanguard Group Inc. now owns 785,811,114 shares of the e-commerce giant's stock worth $141,744,609,000 after buying an additional 14,724,687 shares during the period. FMR LLC lifted its stake in Amazon.com by 7.7% in the third quarter. FMR LLC now owns 302,101,441 shares of the e-commerce giant's stock valued at $38,403,135,000 after buying an additional 21,649,871 shares in the last quarter. Norges Bank bought a new position in Amazon.com in the fourth quarter valued at approximately $17,700,551,000. Northern Trust Corp lifted its stake in Amazon.com by 3.7% in the third quarter. Northern Trust Corp now owns 92,329,336 shares of the e-commerce giant's stock valued at $11,736,905,000 after buying an additional 3,260,411 shares in the last quarter. Finally, Capital Research Global Investors lifted its stake in Amazon.com by 8.5% in the first quarter. Capital Research Global Investors now owns 86,982,857 shares of the e-commerce giant's stock valued at $15,689,968,000 after buying an additional 6,810,145 shares in the last quarter. 72.20% of the stock is owned by institutional investors.
Wall Street Analyst Weigh In
A number of brokerages have recently weighed in on AMZN. Tigress Financial upped their price target on shares of Amazon.com from $210.00 to $245.00 and gave the stock a "buy" rating in a research note on Thursday, May 30th. Mizuho boosted their target price on shares of Amazon.com from $230.00 to $240.00 and gave the stock a "buy" rating in a report on Wednesday, May 1st. DA Davidson reiterated a "buy" rating and issued a $235.00 target price on shares of Amazon.com in a report on Thursday, April 18th. Morgan Stanley boosted their target price on shares of Amazon.com from $215.00 to $220.00 and gave the stock an "overweight" rating in a report on Wednesday, May 1st. Finally, UBS Group boosted their target price on shares of Amazon.com from $215.00 to $217.00 and gave the stock a "buy" rating in a report on Wednesday, May 1st. One analyst has rated the stock with a hold rating, forty-four have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of "Buy" and a consensus price target of $212.40.
Check Out Our Latest Research Report on AMZN
About Amazon.com
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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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