Amazon.com (NASDAQ:AMZN) CEO Sells $982,611.78 in Stock

Amazon.com, Inc. (NASDAQ:AMZN) CEO Douglas Herrington sold 3,742 shares of Amazon.com stock in a transaction on Friday, May 15th. The stock was sold at an average price of $262.59, for a total transaction of $982,611.78. Following the transaction, the chief executive officer directly owned 476,972 shares of the company’s stock, valued at $125,248,077.48. This represents a 0.78% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Amazon.com Stock Performance

Shares of AMZN opened at $268.46 on Friday. The company has a current ratio of 1.18, a quick ratio of 1.01 and a debt-to-equity ratio of 0.27. The stock has a market capitalization of $2.89 trillion, a P/E ratio of 32.11, a price-to-earnings-growth ratio of 1.98 and a beta of 1.46. The firm’s fifty day simple moving average is $238.43 and its two-hundred day simple moving average is $231.62. Amazon.com, Inc. has a 12 month low of $196.00 and a 12 month high of $278.56.

Amazon.com (NASDAQ:AMZN) last posted its quarterly earnings data on Wednesday, April 29th. The e-commerce giant reported $2.78 earnings per share for the quarter, topping the consensus estimate of $1.63 by $1.15. The firm had revenue of $181.52 billion during 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 business’s quarterly revenue was up 16.6% on a year-over-year basis. During the same period last year, the company posted $1.59 EPS. As a group, analysts predict that Amazon.com, Inc. will post 7.71 EPS for the current year.

Analysts Set New Price Targets

AMZN has been the topic of several recent analyst reports. Tigress Financial boosted their price target on Amazon.com from $305.00 to $315.00 and gave the company a “buy” rating in a research note on Wednesday, March 25th. Phillip Securities raised shares of Amazon.com from a “moderate buy” rating to a “buy” rating and set a $280.00 price objective for the company in a research report on Wednesday, May 13th. Citigroup reiterated a “buy” rating and issued a $325.00 price objective (up from $285.00) on shares of Amazon.com in a research note on Thursday, April 30th. The Goldman Sachs Group reiterated a “buy” rating and set a $325.00 target price (up from $275.00) on shares of Amazon.com in a research report on Thursday, April 30th. Finally, President Capital cut their target price on shares of Amazon.com from $320.00 to $296.00 and set a “buy” rating on the stock in a research note on Tuesday, February 10th. 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 stock presently has an average rating of “Moderate Buy” and an average target price of $312.66.

Key Headlines Impacting Amazon.com

Here are the key news stories impacting Amazon.com this week:

• Positive Sentiment: Wall Street commentary stayed constructive, with multiple reports highlighting AWS strength, AI-driven demand, and a bullish case for Amazon to keep compounding earnings and margins. Why Wall Street Thinks Amazon Stock Can Rally 40% to $370
• Positive Sentiment: Bank of America said Amazon’s new Alexa for Shopping could become a long-term retail growth driver and help defend its e-commerce position against AI competitors. Amazon’s Alexa for Shopping seen driving long-term retail growth
• Positive Sentiment: Analysts and market coverage continued to frame Amazon as a leading AI beneficiary, with fresh pieces pointing to AWS, Trainium chips, and orbit/connectivity ambitions as additional growth levers. Amazon Accelerates Orbital Connectivity & AWS Ambitions – Reiterate Buy
• Positive Sentiment: Top investors were also cited as buying or holding Amazon, including Bill Ackman’s larger position, which may be adding to sentiment around the stock. Billionaire Bill Ackman Piled Into Amazon and Microsoft
• Neutral Sentiment: Amazon won a court ruling rejecting a tariff-evasion claim, removing a legal overhang, but it is more of a cleanup item than a major new catalyst. Amazon.com defeats appeal claiming it aided tariff evasion
• Neutral Sentiment: Several insiders, including executives, sold shares under pre-arranged plans; this usually does not signal a change in fundamentals, but it can temper enthusiasm. Amazon insider trades
• Negative Sentiment: Amazon is also facing fresh criticism and policy risk tied to AI energy use, climate goals, and Canadian streaming/content regulation affecting large online platforms. Shareholders Press Big Tech Over AI Energy Use and Climate Goals

Institutional Trading of Amazon.com

Several hedge funds have recently bought and sold shares of AMZN. Fairway Wealth LLC lifted its position in Amazon.com by 113.2% in the 3rd quarter. Fairway Wealth LLC now owns 113 shares of the e-commerce giant’s stock valued at $25,000 after acquiring an additional 60 shares in the last quarter. Sellwood Investment Partners LLC purchased a new stake in shares of Amazon.com in the third quarter worth approximately $27,000. MilWealth Group LLC raised its stake in shares of Amazon.com by 79.0% in the fourth quarter. MilWealth Group LLC now owns 179 shares of the e-commerce giant’s stock worth $41,000 after purchasing an additional 79 shares during the last quarter. Lifetime Wealth Management P.C. bought a new position in shares of Amazon.com in the fourth quarter valued at approximately $45,000. Finally, Elkhorn Partners Limited Partnership boosted its position in shares of Amazon.com by 900.0% during the fourth quarter. Elkhorn Partners Limited Partnership now owns 200 shares of the e-commerce giant’s stock valued at $46,000 after buying an additional 180 shares during the last quarter. Institutional investors and hedge funds own 72.20% of the company’s stock.

About Amazon.com

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.