Amazon.com (NASDAQ:AMZN) Trading 0.6% Higher – Here’s What Happened

Amazon.com, Inc. (NASDAQ:AMZN)’s stock price shot up 0.6% during trading on Friday . The company traded as high as $188.86 and last traded at $188.67. 7,919,981 shares were traded during trading, a decline of 81% from the average session volume of 41,183,785 shares. The stock had previously closed at $187.53.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on AMZN shares. Sanford C. Bernstein boosted their price objective on Amazon.com from $210.00 to $215.00 and gave the company an “outperform” rating in a research report on Monday, July 22nd. Royal Bank of Canada reiterated an “outperform” rating and set a $215.00 price objective on shares of Amazon.com in a research report on Friday, August 2nd. JMP Securities restated a “market outperform” rating and set a $265.00 price objective on shares of Amazon.com in a research report on Tuesday. Wolfe Research began coverage on Amazon.com in a report on Tuesday, July 16th. They set an “outperform” rating and a $250.00 price target for the company. Finally, Barclays increased their target price on Amazon.com from $220.00 to $235.00 and gave the company an “overweight” rating in a research report on Friday, August 2nd. Two analysts have rated the stock with a hold rating, forty-two have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, Amazon.com presently has an average rating of “Moderate Buy” and a consensus target price of $236.78.

Amazon.com Stock Performance

The stock’s 50-day moving average price is $181.54 and its 200-day moving average price is $183.35. The company has a market capitalization of $1.98 trillion, a price-to-earnings ratio of 52.85, a P/E/G ratio of 1.38 and a beta of 1.14. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.88 and a current ratio of 1.10.

Amazon.com (NASDAQ:AMZN) last released its quarterly earnings results on Thursday, August 1st. The e-commerce giant reported $1.23 earnings per share for the quarter, topping the consensus estimate of $1.05 by $0.18. The company had revenue of $147.98 billion during the quarter, compared to the consensus estimate of $148.63 billion. Amazon.com had a return on equity of 21.39% and a net margin of 7.35%. As a group, equities research analysts expect that Amazon.com, Inc. will post 4.85 earnings per share for the current year.

Insider Transactions at Amazon.com

In other Amazon.com news, CEO Andrew R. Jassy sold 20,784 shares of the company’s stock in a transaction dated Wednesday, August 21st. The stock was sold at an average price of $180.77, for a total transaction of $3,757,123.68. Following the completion of the sale, the chief executive officer now directly owns 2,056,534 shares in the company, valued at $371,759,651.18. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. In other news, CEO Andrew R. Jassy sold 20,784 shares of the company’s stock in a transaction dated Wednesday, August 21st. The stock was sold at an average price of $180.77, for a total value of $3,757,123.68. Following the completion of the sale, the chief executive officer now owns 2,056,534 shares of the company’s stock, valued at $371,759,651.18. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, SVP David Zapolsky sold 2,190 shares of the firm’s stock in a transaction dated Tuesday, September 24th. The shares were sold at an average price of $195.00, for a total value of $427,050.00. Following the sale, the senior vice president now owns 62,420 shares in the company, valued at approximately $12,171,900. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 54,355 shares of company stock worth $9,877,423 over the last ninety days. 10.80% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Amazon.com

A number of institutional investors have recently added to or reduced their stakes in AMZN. PayPay Securities Corp grew its stake in Amazon.com by 64.6% during the 2nd quarter. PayPay Securities Corp now owns 163 shares of the e-commerce giant’s stock valued at $32,000 after purchasing an additional 64 shares in the last quarter. Hoese & Co LLP purchased a new position in shares of Amazon.com during the 3rd quarter valued at approximately $37,000. Christopher J. Hasenberg Inc grew its position in shares of Amazon.com by 650.0% during the second quarter. Christopher J. Hasenberg Inc now owns 300 shares of the e-commerce giant’s stock worth $58,000 after buying an additional 260 shares in the last quarter. Steph & Co. bought a new stake in shares of Amazon.com in the first quarter worth $65,000. Finally, Koesten Hirschmann & Crabtree INC. bought a new stake in shares of Amazon.com in the first quarter worth $69,000. Institutional investors and hedge funds own 72.20% of the company’s stock.

Amazon.com Company Profile

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.