Amazon CEO Douglas Herrington sells $243,470 in stock
On November 2, 2026, Amazon.com Inc.'s CEO Douglas Herrington sold 1,000 shares of the company's common stock, amounting to $243,470 at a price of $243.47 per share. This action was carried out through a pre-established Rule 10b5-1 trading plan that Herrington established back in November 2025. As a result of this transaction, Herrington now owns a total of 473,681 shares of Amazon.com Inc. common stock directly, and an additional 6,609.348 shares indirectly via an Amazon.com 401(k) plan account.
Since the sale, the stock price has increased by about 9%, currently sitting at $266.03. Analysts have noted that Amazon appears to be undervalued at its current valuation, trading at a low P/E ratio compared to its projected earnings growth. For those interested in a more in-depth analysis, Amazon's comprehensive Pro Research Report is available, one of over 1,400+ such reports for US equities.
Recently, Amazon reported its third-quarter results, with a 39% surge in Amazon Web Services (AWS), which was slightly below market expectations. This led to an 8% drop in the company's shares after the market closed. However, opinions on Amazon's performance are mixed. Mizuho has raised its price target for Amazon shares to $335, maintaining an 'Outperform' rating, while also expressing optimism about AWS's future despite significant investments and a negative free cash flow.
Phillip Securities upgraded Amazon's stock rating to 'Buy' from 'Accumulate', citing robust growth in AWS and increasing its fiscal 2027 revenue estimate by 2%. Piper Sandler has kept an 'Overweight' rating with a $320 price target following the AWS growth report. Conversely, TD Cowen lowered its price target to $340 due to apprehensions about capital expenditure strategies, even though Amazon's operating income exceeded expectations by 7%.
Additionally, Citi has increased its estimates for AI service revenue for AWS from 2026 to 2028, citing strong demand and monetization across major cloud providers. This report was AI-generated and reviewed by a human editor.
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