Amazon.com (NASDAQ:AMZN) Trading Up 3.3%

Amazon.com, Inc. (NASDAQ:AMZN) shares were up 3.3% during trading on Wednesday . The company traded as high as $167.58 and last traded at $167.22. Approximately 16,051,538 shares traded hands during trading, a decline of 63% from the average daily volume of 43,458,871 shares. The stock had previously closed at $161.93.

Wall Street Analyst Weigh In

AMZN has been the subject of a number of recent analyst reports. Monness Crespi & Hardt upped their target price on Amazon.com from $215.00 to $225.00 and gave the company a “buy” rating in a report on Wednesday, May 1st. Piper Sandler cut their target price on shares of Amazon.com from $220.00 to $215.00 and set an “overweight” rating on the stock in a research note on Friday, August 2nd. Sanford C. Bernstein raised their price objective on shares of Amazon.com from $210.00 to $215.00 and gave the stock an “outperform” rating in a report on Monday, July 22nd. The Goldman Sachs Group decreased their target price on Amazon.com from $250.00 to $230.00 and set a “buy” rating for the company in a research report on Friday, August 2nd. Finally, JPMorgan Chase & Co. dropped their price target on Amazon.com from $240.00 to $230.00 and set an “overweight” rating on the stock in a research report on Friday, August 2nd. One research analyst has rated the stock with a hold rating, forty-one have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, Amazon.com has a consensus rating of “Buy” and a consensus target price of $221.88.

Amazon.com Trading Up 0.0 %

The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.87 and a current ratio of 1.07. The company has a 50 day moving average of $186.32 and a 200 day moving average of $180.02. The stock has a market capitalization of $1.69 trillion, a price-to-earnings ratio of 46.49, a P/E/G ratio of 1.32 and a beta of 1.15.

Insider Activity

In other Amazon.com news, VP Shelley Reynolds sold 2,700 shares of the company’s 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 directly owns 119,780 shares in the company, valued at approximately $21,726,894.20. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. In other Amazon.com news, Director Jonathan Rubinstein sold 5,264 shares of the firm’s stock in a transaction that occurred on Thursday, May 9th. The shares were sold at an average price of $190.00, for a total transaction of $1,000,160.00. Following the sale, the director now owns 104,400 shares of the company’s stock, valued at $19,836,000. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, VP Shelley Reynolds sold 2,700 shares of the stock in a transaction on Tuesday, May 21st. The shares were sold at an average price of $181.39, for a total transaction of $489,753.00. Following the completion of the transaction, the vice president now directly owns 119,780 shares in the company, valued at $21,726,894.20. The disclosure for this sale can be found here. Insiders sold 6,111,990 shares of company stock worth $1,222,095,188 over the last ninety days. Corporate insiders own 10.80% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in the company. PayPay Securities Corp lifted its stake in shares of Amazon.com by 64.6% in the 2nd quarter. PayPay Securities Corp now owns 163 shares of the e-commerce giant’s stock worth $32,000 after acquiring an additional 64 shares during the period. Cooksen Wealth LLC purchased a new stake in Amazon.com during the fourth quarter valued at about $30,000. Strid Group LLC acquired a new stake in Amazon.com during the fourth quarter worth about $43,000. Christopher J. Hasenberg Inc raised its holdings in shares of Amazon.com by 650.0% in the 2nd quarter. Christopher J. Hasenberg Inc now owns 300 shares of the e-commerce giant’s stock worth $58,000 after purchasing an additional 260 shares during the period. Finally, Clarity Asset Management Inc. acquired a new position in shares of Amazon.com in the 4th quarter valued at about $46,000. 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.