Amazon.com, Inc. (NASDAQ:AMZN) CEO Douglas J. Herrington sold 27,500 shares of Amazon.com stock in a transaction that occurred 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 sale, the chief executive officer now owns 497,067 shares in the company, valued at approximately $114,459,618.09. The trade was a 5.24 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.
Amazon.com Stock Down 0.7 %
Shares of AMZN stock traded down $1.69 during mid-day trading on Monday, hitting $228.68. 26,962,132 shares of the stock traded hands, compared to its average volume of 33,645,924. The stock has a market cap of $2.40 trillion, a P/E ratio of 41.35, a P/E/G ratio of 1.36 and a beta of 1.15. The stock's fifty day moving average is $228.21 and its two-hundred day moving average is $202.55. Amazon.com, Inc. has a 52-week low of $151.61 and a 52-week high of $242.52. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.09 and a quick ratio of 0.87.
Amazon.com (NASDAQ:AMZN - Get Free Report) last announced its quarterly earnings data on Thursday, February 6th. The e-commerce giant reported $1.86 EPS for the quarter, beating the consensus estimate of $1.52 by $0.34. Amazon.com had a net margin of 9.29% and a return on equity of 25.49%. Equities analysts predict that Amazon.com, Inc. will post 6.24 EPS for the current year.
Hedge Funds Weigh In On Amazon.com
Hedge funds and other institutional investors have recently modified their holdings of the stock. Prudent Man Investment Management Inc. purchased a new position in shares of Amazon.com in the 4th quarter valued at approximately $27,000. Accordant Advisory Group Inc increased its holdings in Amazon.com by 400.0% in the 4th quarter. Accordant Advisory Group Inc now owns 125 shares of the e-commerce giant's stock worth $27,000 after buying an additional 100 shares during the period. LSV Asset Management acquired a new position in Amazon.com in the 4th quarter worth approximately $35,000. Perritt Capital Management Inc increased its holdings in Amazon.com by 72.7% in the 4th quarter. Perritt Capital Management Inc now owns 190 shares of the e-commerce giant's stock worth $42,000 after buying an additional 80 shares during the period. Finally, Hoese & Co LLP acquired a new position in Amazon.com in the 3rd quarter worth approximately $37,000. 72.20% of the stock is owned by hedge funds and other institutional investors.
Wall Street Analyst Weigh In
AMZN has been the topic of several recent analyst reports. DA Davidson lifted their price objective on shares of Amazon.com from $235.00 to $280.00 and gave the company a "buy" rating in a research report on Friday, February 7th. Telsey Advisory Group restated an "outperform" rating and issued a $275.00 price target on shares of Amazon.com in a research report on Friday, February 7th. Morgan Stanley boosted their price target on shares of Amazon.com from $230.00 to $280.00 and gave the stock an "overweight" rating in a research report on Monday, January 13th. Raymond James boosted their price target on shares of Amazon.com from $260.00 to $275.00 in a research report on Monday, February 10th. Finally, Evercore ISI lifted their price objective on shares of Amazon.com from $240.00 to $260.00 and gave the stock an "outperform" rating in a research note 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 given a strong buy rating to the company's stock. According to data from MarketBeat, Amazon.com has an average rating of "Moderate Buy" and an average price target of $260.74.
Read Our Latest Stock Analysis on AMZN
About Amazon.com
(
Get Free Report)
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.
See Also
Before you consider Amazon.com, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Amazon.com wasn't on the list.
While Amazon.com currently has a "Moderate Buy" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Which stocks are hedge funds and endowments buying in today's market? Enter your email address and we'll send you MarketBeat's list of thirteen stocks that institutional investors are buying now.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
