Raytheon awarded $71 million in Navy contracts for missile systems
Amazon.com (NASDAQ:AMZN), the $2.37 trillion market cap retail giant currently trading at $223.41, saw its CEO of Worldwide Amazon Stores, Douglas J. Herrington, sell a total of $550,144 worth of company stock on July 1, 2025. The sales involved 2,500 shares, with prices ranging from $219.1732 to $220.8965. According to InvestingPro analysis, Amazon’s stock is currently trading near its Fair Value, with the company maintaining a "GREAT" financial health score.
According to a Form 4 filing with the Securities and Exchange Commission, the transactions were executed under a pre-arranged Rule 10b5-1 trading plan adopted on November 7, 2024. The stock has delivered a solid ~13% return over the past year, while the company generated impressive revenues of $650.31B in the last twelve months. InvestingPro subscribers have access to 12 additional key insights about Amazon’s valuation and growth prospects.
Following the reported transactions, Herrington directly owns 514,550 shares of Amazon.com. He also indirectly owns 6,592.501 shares through the Amazon.com 401(k) plan account.
In other recent news, Amazon.com is expected to report stronger than anticipated second-quarter 2025 results, according to Truist Securities, which has raised its price target for the company to $250. This optimism is driven by a resilient North American consumer base and favorable foreign exchange conditions. Similarly, Jefferies has increased its price target to $255, citing shopper resilience and the upcoming four-day Prime Day event, which is projected to boost Prime sign-ups. Bernstein has also raised its price target to $235, highlighting growth in Amazon Web Services (AWS) and easing supply constraints. However, AWS recently lost a key executive in its AI division, Vasi Philomin, amid intensified competition for AI talent.
In product news, Amazon’s Ring has introduced a new AI-powered feature called Smart Video Search, allowing users to locate specific moments in their video history through text queries. This feature, initially available in public beta, will officially launch in November 2024 as part of the Ring Home subscription service. Amazon continues to invest heavily in AI, including an $8 billion investment in the AI startup Anthropic, integrating its Claude software into Amazon products. These developments reflect Amazon’s ongoing efforts to enhance its offerings and maintain its competitive edge across various sectors.
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