Amazon CEO Herrington sells $550k in AMZN stock

Published 03/07/2025, 22:42
© Reuters.

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.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers
© 2007-2025 - Fusion Media Limited. All Rights Reserved.