Insider Selling: Amazon.com, Inc. (NASDAQ:AMZN) CEO Sells 27,500 Shares of Stock
Amazon.com, Inc. (NASDAQ:AMZN) CEO Douglas J. Herrington sold 27,500 shares of the business's stock in a transaction on Wednesday, February 12th. The shares were sold at an average price of $230.27, for a total transaction of $6,332,425.00. Following the transaction, the chief executive officer now owns 497,067 shares of the company's stock, 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 filing with the Securities & Exchange Commission, which is accessible through the SEC website.
Shares of NASDAQ:AMZN traded down $1.69 during trading on Friday, hitting $228.68. The stock had a trading volume of 26,962,132 shares, compared to its average volume of 34,887,281. The company has a market capitalization of $2.40 trillion, a PE ratio of 41.35, a PEG ratio of 1.36 and a beta of 1.15. The company has a quick ratio of 0.87, a current ratio of 1.09 and a debt-to-equity ratio of 0.21. The firm's fifty day moving average is $228.18 and its 200 day moving average is $201.98. Amazon.com, Inc. has a 12 month low of $151.61 and a 12 month high of $242.52.
Amazon.com (NASDAQ:AMZN - Get Free Report) last issued its quarterly earnings results on Thursday, February 6th. The e-commerce giant reported $1.86 earnings per share for the quarter, beating the consensus estimate of $1.52 by $0.34. Amazon.com had a return on equity of 25.49% and a net margin of 9.29%. Analysts anticipate that Amazon.com, Inc. will post 6.24 EPS for the current fiscal year.
Several large investors have recently modified their holdings of AMZN. Prudent Man Investment Management Inc. purchased a new stake in Amazon.com in the 4th quarter worth approximately $27,000. Accordant Advisory Group Inc boosted its position in shares of Amazon.com by 400.0% in the fourth quarter. Accordant Advisory Group Inc now owns 125 shares of the e-commerce giant's stock worth $27,000 after purchasing an additional 100 shares during the period. LSV Asset Management bought a new position in shares of Amazon.com in the fourth quarter worth approximately $35,000. Perritt Capital Management Inc increased its stake in shares of Amazon.com by 72.7% in the fourth quarter. Perritt Capital Management Inc now owns 190 shares of the e-commerce giant's stock worth $42,000 after purchasing an additional 80 shares in the last quarter. Finally, Hoese & Co LLP bought a new stake in shares of Amazon.com during the 3rd quarter valued at $37,000. Institutional investors own 72.20% of the company's stock.
Several research firms recently commented on AMZN. TD Cowen boosted their target price on Amazon.com from $240.00 to $265.00 and gave the stock a "buy" rating in a research report on Thursday, December 12th. Jefferies Financial Group lifted their price target on Amazon.com from $235.00 to $275.00 and gave the company a "buy" rating in a research report on Monday, December 16th. Canaccord Genuity Group upped their price objective on shares of Amazon.com from $265.00 to $280.00 and gave the stock a "buy" rating in a research report on Friday, February 7th. Moffett Nathanson lifted their target price on shares of Amazon.com from $235.00 to $248.00 and gave the company a "buy" rating in a research report on Tuesday, November 26th. Finally, Susquehanna increased their price target on shares of Amazon.com from $220.00 to $230.00 and gave the stock a "positive" rating in a report on Friday, November 1st. Two research analysts have rated the stock with a hold rating, forty-two have given a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $260.74.
Get Our Latest Stock Report on AMZN
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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