Amazon.com (NASDAQ:AMZN) Trading 1.2% Higher

Amazon.com, Inc. (NASDAQ:AMZN) rose 1.2% during mid-day trading on Friday . The company traded as high as $200.55 and last traded at $200.01. Approximately 13,406,563 shares changed hands during trading, a decline of 69% from the average daily volume of 42,623,434 shares. The stock had previously closed at $197.59.

Analyst Upgrades and Downgrades

AMZN has been the topic of a number of research analyst reports. Citigroup boosted their target price on shares of Amazon.com from $235.00 to $245.00 and gave the company a “buy” rating in a research note on Wednesday, May 1st. Moffett Nathanson restated a “buy” rating and issued a $228.00 target price on shares of Amazon.com in a research note on Thursday, April 11th. Benchmark reissued a “buy” rating and issued a $200.00 price objective on shares of Amazon.com in a report on Wednesday, May 1st. Maxim Group dropped their price objective on shares of Amazon.com from $318.00 to $238.00 and set a “buy” rating on the stock in a report on Wednesday, May 1st. Finally, JPMorgan Chase & Co. boosted their price target on shares of Amazon.com from $225.00 to $240.00 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 issued a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Buy” and a consensus target price of $215.86.

Amazon.com Trading Up 1.3 %

The company has a current ratio of 1.07, a quick ratio of 0.87 and a debt-to-equity ratio of 0.27. The firm has a market cap of $2.08 trillion, a PE ratio of 56.03, a PEG ratio of 1.41 and a beta of 1.15. The firm has a fifty day simple moving average of $185.58 and a two-hundred day simple moving average of $174.31.

Amazon.com (NASDAQ:AMZN) last released its quarterly earnings results on Tuesday, April 30th. The e-commerce giant reported $0.98 earnings per share for the quarter, beating the consensus estimate of $0.83 by $0.15. Amazon.com had a net margin of 6.38% and a return on equity of 19.86%. The business had revenue of $143.31 billion for the quarter, compared to analysts’ expectations of $142.65 billion. During the same quarter in the previous year, the business posted $0.31 earnings per share. The firm’s revenue for the quarter was up 12.5% compared to the same quarter last year. Equities analysts forecast that Amazon.com, Inc. will post 4.72 EPS for the current year.

Insiders Place Their Bets

In other Amazon.com news, CEO Adam Selipsky sold 500 shares of the company’s stock in a transaction that occurred on Thursday, April 18th. The stock was sold at an average price of $181.38, for a total transaction of $90,690.00. Following the transaction, the chief executive officer now owns 130,600 shares in the company, valued at approximately $23,688,228. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, CEO Douglas J. Herrington sold 3,500 shares of the business’s stock in a transaction dated Monday, June 3rd. The shares were sold at an average price of $177.29, for a total transaction of $620,515.00. Following the sale, the chief executive officer now owns 523,253 shares of the company’s stock, valued at $92,767,524.37. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Adam Selipsky sold 500 shares of the firm’s stock in a transaction that occurred on Thursday, April 18th. The shares were sold at an average price of $181.38, for a total transaction of $90,690.00. Following the transaction, the chief executive officer now directly owns 130,600 shares of the company’s stock, valued at approximately $23,688,228. The disclosure for this sale can be found here. Insiders sold 69,548 shares of company stock worth $12,774,204 over the last three months. Company insiders own 10.80% of the company’s stock.

Institutional Trading of Amazon.com

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. DNB Asset Management AS raised its holdings in Amazon.com by 71.2% in the second quarter. DNB Asset Management AS now owns 5,063,471 shares of the e-commerce giant’s stock worth $978,516,000 after buying an additional 2,106,382 shares during the last quarter. Trinity Street Asset Management LLP increased its position in shares of Amazon.com by 1.3% during the second quarter. Trinity Street Asset Management LLP now owns 164,697 shares of the e-commerce giant’s stock valued at $31,828,000 after acquiring an additional 2,042 shares in the last quarter. First International Bank & Trust lifted its position in Amazon.com by 18.2% in the 2nd quarter. First International Bank & Trust now owns 4,316 shares of the e-commerce giant’s stock valued at $834,000 after acquiring an additional 666 shares in the last quarter. Beese Fulmer Investment Management Inc. boosted its stake in Amazon.com by 3.9% during the 2nd quarter. Beese Fulmer Investment Management Inc. now owns 173,737 shares of the e-commerce giant’s stock valued at $33,575,000 after purchasing an additional 6,457 shares during the last quarter. Finally, Moody National Bank Trust Division increased its holdings in shares of Amazon.com by 5.9% in the 2nd quarter. Moody National Bank Trust Division now owns 97,396 shares of the e-commerce giant’s stock worth $18,822,000 after purchasing an additional 5,454 shares in the last quarter. Hedge funds and other institutional investors own 72.20% of the company’s stock.

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.