Amazon.com (NASDAQ:AMZN) Trading Up 2.7% – What’s Next?

Shares of Amazon.com, Inc. (NASDAQ:AMZN) were up 2.7% during trading on Wednesday . The stock traded as high as $219.62 and last traded at $219.20. Approximately 16,226,367 shares changed hands during mid-day trading, a decline of 61% from the average daily volume of 41,245,359 shares. The stock had previously closed at $213.44.

Analysts Set New Price Targets

A number of analysts recently issued reports on the stock. Telsey Advisory Group increased their price target on shares of Amazon.com from $215.00 to $235.00 and gave the stock an “outperform” rating in a report on Friday, November 1st. Susquehanna increased their target price on shares of Amazon.com from $220.00 to $230.00 and gave the company a “positive” rating in a research report on Friday, November 1st. Rosenblatt Securities increased their target price on shares of Amazon.com from $221.00 to $236.00 and gave the company a “buy” rating in a research report on Friday, November 1st. Evercore ISI raised their price objective on shares of Amazon.com from $240.00 to $260.00 and gave the stock an “outperform” rating in a research report on Friday, November 1st. Finally, Bank of America raised their price objective on shares of Amazon.com from $210.00 to $230.00 and gave the stock a “buy” rating in a research report on Friday, November 1st. Two analysts have rated the stock with a hold rating, forty-one have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $236.20.

Amazon.com Stock Performance

The company has a current ratio of 1.09, a quick ratio of 0.87 and a debt-to-equity ratio of 0.21. The firm has a market capitalization of $2.29 trillion, a price-to-earnings ratio of 46.94, a PEG ratio of 1.41 and a beta of 1.16. The stock’s 50 day moving average price is $195.51 and its two-hundred day moving average price is $187.34.

Amazon.com (NASDAQ:AMZN) last posted its quarterly earnings results on Thursday, October 31st. The e-commerce giant reported $1.43 earnings per share for the quarter, topping analysts’ consensus estimates of $1.14 by $0.29. The business had revenue of $158.88 billion for the quarter, compared to analysts’ expectations of $157.28 billion. Amazon.com had a net margin of 8.04% and a return on equity of 22.41%. The business’s revenue for the quarter was up 11.0% on a year-over-year basis. During the same period in the prior year, the company posted $0.85 EPS. On average, analysts forecast that Amazon.com, Inc. will post 5.29 EPS for the current year.

Insider Activity at Amazon.com

In other news, Director Jonathan Rubinstein sold 4,766 shares of the stock in a transaction dated Thursday, November 7th. The shares were sold at an average price of $209.85, for a total transaction of $1,000,145.10. Following the transaction, the director now directly owns 94,630 shares in the company, valued at $19,858,105.50. This represents a 4.79 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Daniel P. Huttenlocher sold 1,237 shares of the stock in a transaction dated Tuesday, November 19th. The stock was sold at an average price of $199.06, for a total transaction of $246,237.22. Following the transaction, the director now owns 24,912 shares in the company, valued at approximately $4,958,982.72. The trade was a 4.73 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 6,026,683 shares of company stock valued at $1,252,148,795. Insiders own 10.80% of the company’s stock.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the stock. Dantai Capital Ltd raised its holdings in Amazon.com by 10.6% in the third quarter. Dantai Capital Ltd now owns 30,415 shares of the e-commerce giant’s stock valued at $5,667,000 after buying an additional 2,925 shares during the period. Boulder Wealth Advisors LLC acquired a new stake in Amazon.com in the third quarter valued at approximately $239,000. Oriental Harbor Investment Fund acquired a new stake in Amazon.com in the third quarter valued at approximately $60,957,000. Inspire Trust Co. N.A. grew its position in Amazon.com by 13.4% in the third quarter. Inspire Trust Co. N.A. now owns 17,405 shares of the e-commerce giant’s stock valued at $3,243,000 after acquiring an additional 2,054 shares in the last quarter. Finally, Franklin Resources Inc. grew its position in Amazon.com by 0.5% in the third quarter. Franklin Resources Inc. now owns 47,156,540 shares of the e-commerce giant’s stock valued at $8,843,714,000 after acquiring an additional 257,072 shares in the last quarter. 72.20% of the stock is currently owned by hedge funds and other institutional investors.

About Amazon.com

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.