Amazon.com, Inc. (NASDAQ:AMZN) shot up 1.7% during mid-day trading on Wednesday . The stock traded as high as $216.68 and last traded at $217.36. 10,586,347 shares changed hands during trading, a decline of 76% from the average session volume of 44,865,137 shares. The stock had previously closed at $213.75.
Analyst Ratings Changes
AMZN has been the subject of a number of analyst reports. Raymond James Financial restated an "outperform" rating and issued a $195.00 price target (down from $275.00) on shares of Amazon.com in a research report on Monday, April 21st. DA Davidson raised their price target on shares of Amazon.com from $230.00 to $265.00 and gave the stock a "buy" rating in a report on Friday, August 1st. Moffett Nathanson upped their price target on Amazon.com from $250.00 to $253.00 and gave the company a "buy" rating in a research note on Tuesday, June 24th. Monness Crespi & Hardt boosted their price objective on shares of Amazon.com from $265.00 to $275.00 and gave the company a "buy" rating in a report on Friday, August 1st. Finally, Royal Bank Of Canada upped their price objective on shares of Amazon.com from $230.00 to $240.00 and gave the stock an "outperform" rating in a report on Friday, August 1st. One investment analyst has rated the stock with a hold rating, forty-seven have given a buy rating and two have assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, the company has an average rating of "Buy" and an average price target of $262.45.
Get Our Latest Stock Report on AMZN
Amazon.com Price Performance
The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.81 and a current ratio of 1.02. The company has a 50-day moving average of $218.92 and a 200-day moving average of $209.05. The stock has a market capitalization of $2.37 trillion, a price-to-earnings ratio of 33.81, a P/E/G ratio of 1.44 and a beta of 1.31.
Amazon.com (NASDAQ:AMZN - Get Free Report) last released its quarterly earnings results on Thursday, July 31st. The e-commerce giant reported $1.68 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.31 by $0.37. The company had revenue of $167.70 billion for the quarter, compared to analysts' expectations of $161.80 billion. Amazon.com had a net margin of 10.54% and a return on equity of 23.84%. The firm's revenue for the quarter was up 13.3% compared to the same quarter last year. During the same period last year, the company earned $1.26 EPS. As a group, equities research analysts expect that Amazon.com, Inc. will post 6.31 earnings per share for the current fiscal year.
Insider Buying and Selling
In other news, insider Jeffrey P. Bezos sold 4,273,237 shares of the company's stock in a transaction dated Friday, July 11th. The shares were sold at an average price of $224.81, for a total transaction of $960,666,409.97. Following the completion of the transaction, the insider owned 897,722,088 shares of the company's stock, valued at $201,816,902,603.28. This represents a 0.47% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Insiders sold 25,102,037 shares of company stock valued at $5,674,937,048 in the last ninety days. Corporate insiders own 9.70% of the company's stock.
Hedge Funds Weigh In On Amazon.com
Several institutional investors and hedge funds have recently bought and sold shares of the stock. Western Wealth Management LLC boosted its holdings in Amazon.com by 0.9% in the 1st quarter. Western Wealth Management LLC now owns 140,122 shares of the e-commerce giant's stock worth $26,660,000 after acquiring an additional 1,297 shares during the period. Momentous Wealth Management Inc. acquired a new position in Amazon.com during the 4th quarter worth $749,000. Barnes Dennig Private Wealth Management LLC acquired a new stake in Amazon.com during the first quarter valued at approximately $514,000. Segall Bryant & Hamill LLC increased its stake in Amazon.com by 14.3% during the fourth quarter. Segall Bryant & Hamill LLC now owns 317,114 shares of the e-commerce giant's stock valued at $69,572,000 after purchasing an additional 39,696 shares during the last quarter. Finally, Bearing Point Capital LLC acquired a new stake in Amazon.com during the fourth quarter worth about $12,014,000. Institutional investors and hedge funds own 72.20% of the company's stock.
About Amazon.com
(
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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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