Douglas Herrington Sells 3,741 Shares of Amazon.com (NASDAQ:AMZN) Stock

Amazon.com, Inc. (NASDAQ:AMZN) CEO Douglas Herrington sold 3,741 shares of Amazon.com stock in a transaction that occurred on Monday, August 17th. The shares were sold at an average price of $262.76, for a total transaction of $982,985.16. Following the completion of the transaction, the chief executive officer directly owned 467,138 shares in the company, valued at approximately $122,745,180.88. The trade was a 0.79% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Amazon.com Stock Up 2.5%

Shares of AMZN stock traded up $6.39 during trading hours on Wednesday, hitting $265.84. 35,587,040 shares of the company were exchanged, compared to its average volume of 49,370,621. Amazon.com, Inc. has a 52 week low of $196.00 and a 52 week high of $287.20. The company has a current ratio of 1.03, a quick ratio of 0.87 and a debt-to-equity ratio of 0.23. The business has a 50 day moving average of $248.53 and a two-hundred day moving average of $238.89. The company has a market capitalization of $2.87 trillion, a PE ratio of 21.39, a PEG ratio of 1.75 and a beta of 1.45.

Amazon.com (NASDAQ:AMZN) last posted its quarterly earnings data on Thursday, July 30th. The e-commerce giant reported $5.75 EPS for the quarter, beating the consensus estimate of $1.82 by $3.93. The business had revenue of $200.61 billion for the quarter, compared to analysts’ expectations of $197.03 billion. Amazon.com had a net margin of 17.44% and a return on equity of 18.00%. The firm’s revenue was up 19.6% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.68 EPS. Analysts anticipate that Amazon.com, Inc. will post 8.05 earnings per share for the current fiscal year.

Key Amazon.com News

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

• Positive Sentiment: Prime Air expansion: Amazon plans to extend lightweight drone delivery to nearly 500 U.S. cities and towns by the end of 2026, up roughly sixfold from its current footprint. Deliveries could arrive in as little as 30 minutes for packages weighing up to five pounds, strengthening Amazon’s competitive position against Walmart, FedEx, Wing and Zipline. Amazon drone delivery expansion article
• Positive Sentiment: AWS reacceleration: Coverage highlighted 37% year-over-year AWS growth, reportedly the segment’s fastest pace in more than four years. Amazon’s AWS AI business has surpassed a $25 billion annual revenue run rate, reinforcing the view that artificial-intelligence demand is translating into substantial cloud revenue. Amazon Stock Rises as AWS Growth Reclaims Attention
• Positive Sentiment: More capacity for AI workloads: Amazon raised its planned investment in northwest Louisiana from $12 billion to approximately $18 billion, including a third data-center campus and related power and water infrastructure. The spending signals confidence in sustained AWS demand and is viewed by bullish investors as a way to secure scarce electricity and computing capacity. Amazon Plugs $18B Into the Southern Power Grid
• Positive Sentiment: Supportive outlook: Analysts’ price targets imply meaningful upside, while positive earnings-estimate revisions and Amazon’s investments in Anthropic and AI-powered Alexa add to the company’s long-term growth narrative.
• Neutral Sentiment: Execution remains important: Drone delivery is still being scaled from pilot programs, and the Louisiana buildout requires significant capital before producing returns.
• Negative Sentiment: Capital-spending and competition risks: Rising AI infrastructure costs could pressure free cash flow, depreciation and returns if demand fails to match the buildout. Analysts also warned that increasing competition in cloud computing may limit AWS margins. Amazon AWS growth and competition article

Institutional Trading of Amazon.com

Hedge funds have recently added to or reduced their stakes in the company. Bard Associates Inc. bought a new stake in shares of Amazon.com in the second quarter valued at about $32,000. Longfellow Investment Management Co. LLC bought a new stake in Amazon.com in the 2nd quarter valued at about $33,000. MilWealth Group LLC grew its position in shares of Amazon.com by 79.0% during the 4th quarter. MilWealth Group LLC now owns 179 shares of the e-commerce giant’s stock worth $41,000 after purchasing an additional 79 shares in the last quarter. Lifetime Wealth Management P.C. acquired a new position in shares of Amazon.com during the 4th quarter worth approximately $45,000. Finally, Elkhorn Partners Limited Partnership increased its holdings 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 worth $46,000 after purchasing an additional 180 shares during the period. 72.20% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on AMZN. Scotiabank reaffirmed an “outperform” rating and set a $325.00 price target (up from $275.00) on shares of Amazon.com in a research note on Thursday, April 30th. KeyCorp increased their price target on shares of Amazon.com from $335.00 to $350.00 and gave the company an “overweight” rating in a research note on Friday, July 31st. Weiss Ratings reissued a “buy (b)” rating on shares of Amazon.com in a research report on Monday, August 3rd. Jefferies Financial Group reaffirmed a “buy” rating on shares of Amazon.com in a report on Thursday, June 18th. Finally, Monness Crespi & Hardt lifted their price target on Amazon.com from $315.00 to $330.00 and gave the stock a “buy” rating in a report on Friday, July 31st. One analyst has rated the stock with a Strong Buy rating, fifty-six have issued a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $322.56.

Amazon.com Company Profile

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.