Amazon.com (NASDAQ:AMZN) Trading 1.3% Higher

Amazon.com, Inc. (NASDAQ:AMZN)’s share price rose 1.3% during mid-day trading on Tuesday . The stock traded as high as $188.19 and last traded at $188.05. Approximately 6,533,319 shares were traded during trading, a decline of 84% from the average daily volume of 41,886,008 shares. The stock had previously closed at $185.57.

Analyst Ratings Changes

A number of equities analysts have recently commented on the stock. Citigroup increased their price target on shares of Amazon.com from $235.00 to $245.00 and gave the stock a “buy” rating in a report on Wednesday, May 1st. Piper Sandler raised their price target on Amazon.com from $205.00 to $220.00 and gave the company an “overweight” rating in a research report on Wednesday, May 1st. Maxim Group cut their price objective on Amazon.com from $318.00 to $238.00 and set a “buy” rating for the company in a report on Wednesday, May 1st. JMP Securities reissued a “market outperform” rating and set a $225.00 price objective on shares of Amazon.com in a report on Wednesday, May 1st. Finally, Morgan Stanley increased their price target on shares of Amazon.com from $215.00 to $220.00 and gave the company an “overweight” rating in a research report on Wednesday, May 1st. One equities research analyst has rated the stock with a hold rating, forty-three have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Buy” and a consensus price target of $215.37.

Check Out Our Latest Analysis on AMZN

Amazon.com Trading Up 1.2 %

The stock has a market cap of $1.95 trillion, a PE ratio of 52.68, a price-to-earnings-growth ratio of 1.35 and a beta of 1.14. The firm has a 50-day moving average price of $182.82 and a 200-day moving average price of $172.00. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.87 and a current ratio of 1.07.

Amazon.com (NASDAQ:AMZNGet Free Report) last issued its earnings results on Tuesday, April 30th. The e-commerce giant reported $0.98 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.83 by $0.15. The business had revenue of $143.31 billion during the quarter, compared to analysts’ expectations of $142.65 billion. Amazon.com had a net margin of 6.38% and a return on equity of 19.86%. The business’s revenue for the quarter was up 12.5% compared to the same quarter last year. During the same period in the previous year, the company earned $0.31 earnings per share. As a group, equities analysts anticipate that Amazon.com, Inc. will post 4.72 EPS for the current fiscal year.

Insider Activity at Amazon.com

In other Amazon.com news, VP Shelley Reynolds sold 2,700 shares of Amazon.com stock in a transaction on Tuesday, May 21st. The stock was sold at an average price of $181.39, for a total value of $489,753.00. Following the completion of the sale, the vice president now owns 119,780 shares of the company’s stock, valued at approximately $21,726,894.20. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other news, VP Shelley Reynolds sold 2,700 shares of the firm’s stock in a transaction dated Tuesday, May 21st. The shares were sold at an average price of $181.39, for a total transaction of $489,753.00. Following the sale, the vice president now owns 119,780 shares of the company’s stock, valued at approximately $21,726,894.20. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CEO Douglas J. Herrington sold 3,500 shares of the business’s stock in a transaction that occurred on Monday, April 1st. The shares were sold at an average price of $180.73, for a total transaction of $632,555.00. Following the transaction, the chief executive officer now directly owns 512,858 shares of the company’s stock, valued at $92,688,826.34. The disclosure for this sale can be found here. In the last three months, insiders have sold 65,338 shares of company stock valued at $11,894,344. 10.80% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Amazon.com

A number of institutional investors and hedge funds have recently modified their holdings of AMZN. Norges Bank purchased a new stake in Amazon.com during the fourth quarter valued at approximately $17,700,551,000. Vanguard Group Inc. increased its position in Amazon.com by 4.4% in the third quarter. Vanguard Group Inc. now owns 757,951,795 shares of the e-commerce giant’s stock worth $96,350,832,000 after buying an additional 32,038,029 shares in the last quarter. International Assets Investment Management LLC increased its position in Amazon.com by 16,029.3% in the fourth quarter. International Assets Investment Management LLC now owns 23,865,216 shares of the e-commerce giant’s stock worth $36,260,810,000 after buying an additional 23,717,254 shares in the last quarter. FMR LLC lifted its position in shares of Amazon.com by 7.7% during the 3rd quarter. FMR LLC now owns 302,101,441 shares of the e-commerce giant’s stock valued at $38,403,135,000 after buying an additional 21,649,871 shares in the last quarter. Finally, Swedbank AB bought a new position in shares of Amazon.com during the 1st quarter valued at approximately $2,239,757,000. 72.20% of the stock is currently owned by hedge funds and other institutional investors.

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.

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