Amazon.com (NASDAQ:AMZN) CEO Sells $243,470.00 in Stock

Amazon.com, Inc. (NASDAQ:AMZN) CEO Douglas Herrington sold 1,000 shares of the company’s stock in a transaction on Monday, November 2nd. The stock was sold at an average price of $243.47, for a total value of $243,470.00. Following the sale, the chief executive officer owned 473,681 shares of the company’s stock, valued at $115,327,113.07. This trade represents a 0.21% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Amazon.com Stock Up 6.2%

AMZN stock traded up $15.62 during trading on Wednesday, reaching $266.31. 93,028,769 shares of the company traded hands, compared to its average volume of 46,606,941. The business has a 50 day simple moving average of $253.79 and a 200 day simple moving average of $243.18. Amazon.com, Inc. has a 12 month low of $196.00 and a 12 month high of $287.20. The company has a debt-to-equity ratio of 0.28, a quick ratio of 0.82 and a current ratio of 0.99. The company has a market capitalization of $2.88 trillion, a price-to-earnings ratio of 21.53, a price-to-earnings-growth ratio of 1.86 and a beta of 1.49.

Amazon.com (NASDAQ:AMZN) last announced its earnings results on Thursday, October 29th. The e-commerce giant reported $1.89 EPS for the quarter, missing analysts’ consensus estimates of $1.97 by ($0.08). The firm had revenue of $201.94 billion during the quarter, compared to the consensus estimate of $202.22 billion. Amazon.com had a return on equity of 15.72% and a net margin of 16.90%. The business’s revenue for the quarter was up 12.1% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.95 earnings per share. On average, equities research analysts anticipate that Amazon.com, Inc. will post 7.84 earnings per share for the current fiscal year.

Amazon.com News Roundup

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

• Positive Sentiment: AWS growth is accelerating: third-quarter cloud revenue grew nearly 40%, while its $578 billion backlog signals substantial future demand. Analysts cited this momentum and Amazon’s AI infrastructure as reasons for further potential upside. Amazon Has Erased Its Earnings Sell-Off, But Is the Biggest Opportunity Still Ahead?
• Positive Sentiment: The day’s broader post-midterm rally lifted major technology stocks. Investors also see the cloud capacity crunch as potentially giving leading providers such as Amazon room to raise prices. Microsoft and Amazon combine for a $400 billion market-cap boost
• Neutral Sentiment: Democratic control of Congress could bring tighter scrutiny or restrictions on data-center development, but the rally suggests investors are weighing that risk against the largest cloud operators’ ability to build in other locations. Alphabet, Amazon, and Microsoft All Surged Today
• Negative Sentiment: The AI build-out is costly: Amazon is targeting roughly $220 billion in capital spending, while free cash flow has turned sharply negative. Investors still need evidence that AWS growth will translate into cash returns. Amazon After Q3: The AI Capex Return Shows In AWS Profit But Not Yet In Cash Flow
• Negative Sentiment: AI shopping agents may challenge Amazon’s advertising model if they divert product discovery away from Amazon’s site and reduce the value of its customer data. AI shopping agents could threaten Amazon and Walmart’s ad business

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on the stock. Sanford C. Bernstein reaffirmed an “outperform” rating and issued a $320.00 price objective (up from $315.00) on shares of Amazon.com in a research report on Friday, July 31st. Piper Sandler reiterated an “overweight” rating on shares of Amazon.com in a research note on Friday, October 30th. UBS Group reissued a “buy” rating and set a $348.00 target price (up from $318.00) on shares of Amazon.com in a research report on Monday, October 26th. Yorkville Ives started coverage on shares of Amazon.com in a research note on Monday, October 19th. They issued an “outperform” rating and a $300.00 target price for the company. Finally, Morgan Stanley lowered their target price on shares of Amazon.com from $350.00 to $335.00 and set an “overweight” rating for the company in a research note on Friday, October 30th. Two equities research analysts have rated the stock with a Strong Buy rating, fifty-six have assigned a Buy rating and three have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $321.02.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the company. TOP Private Wealth LLC. purchased a new stake in shares of Amazon.com in the second quarter worth about $29,000. Bard Associates Inc. acquired a new stake in Amazon.com during the second quarter worth about $32,000. Longfellow Investment Management Co. LLC acquired a new stake in Amazon.com during the second quarter worth about $33,000. Atomic Invest LLC grew its holdings in Amazon.com by 41.2% during the second quarter. Atomic Invest LLC now owns 168 shares of the e-commerce giant’s stock worth $40,000 after acquiring an additional 49 shares during the period. Finally, Strategic Wealth Advisors LLC purchased a new position in Amazon.com during the second quarter valued at approximately $68,000. 72.20% of the stock is owned by institutional investors and hedge funds.

About Amazon.com

Amazon.com, Inc is a global technology and e-commerce company founded by Jeff Bezos in 1994. Originally launched as an online bookstore, the company has expanded into a broad digital marketplace offering consumer products across numerous categories, including electronics, household goods, apparel, groceries and other merchandise. Amazon also sells products under its own brands and provides logistics, fulfillment and delivery services that support its retail operations and third-party sellers.

The company’s principal businesses include online and physical retail, Amazon Web Services (AWS), digital advertising, subscription services and consumer technology.