Amazon.com, Inc. (NASDAQ:AMZN)'s share price was up 0.6% on Thursday . The company traded as high as $191.75 and last traded at $189.86. Approximately 8,812,749 shares were traded during mid-day trading, a decline of 79% from the average daily volume of 41,560,471 shares. The stock had previously closed at $188.71.
Wall Street Analyst Weigh In
A number of equities analysts have recently commented on the stock. Loop Capital raised their price objective on shares of Amazon.com from $275.00 to $285.00 and gave the stock a "buy" rating in a report on Wednesday, February 12th. Bank of America reduced their price objective on shares of Amazon.com from $257.00 to $225.00 and set a "buy" rating for the company in a report on Wednesday, April 9th. Canaccord Genuity Group reissued a "buy" rating on shares of Amazon.com in a report on Thursday, February 13th. Telsey Advisory Group reissued an "outperform" rating and set a $235.00 price target on shares of Amazon.com in a report on Friday, May 2nd. Finally, Mizuho cut their price target on shares of Amazon.com from $285.00 to $255.00 and set an "outperform" rating for the company in a report on Wednesday, April 9th. Four analysts have rated the stock with a hold rating and forty-four have given a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of $244.09.
Read Our Latest Report on Amazon.com
Amazon.com Price Performance
The company has a debt-to-equity ratio of 0.18, a current ratio of 1.06 and a quick ratio of 0.87. The company's 50-day simple moving average is $188.50 and its 200-day simple moving average is $208.10. The stock has a market capitalization of $2.21 trillion, a P/E ratio of 37.73, a price-to-earnings-growth ratio of 1.50 and a beta of 1.30.
Amazon.com (NASDAQ:AMZN - Get Free Report) last posted its quarterly earnings results on Thursday, May 1st. The e-commerce giant reported $1.59 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.38 by $0.21. Amazon.com had a net margin of 9.29% and a return on equity of 24.25%. The firm had revenue of $155.67 billion for the quarter, compared to analyst estimates of $154.96 billion. During the same period in the prior year, the firm posted $0.98 earnings per share. The company's quarterly revenue was up 8.6% compared to the same quarter last year. As a group, sell-side analysts expect that Amazon.com, Inc. will post 6.31 EPS for the current fiscal year.
Insider Buying and Selling at Amazon.com
In other Amazon.com news, CEO Douglas J. Herrington sold 27,500 shares of the company's stock in a transaction on Wednesday, February 12th. The shares were sold at an average price of $230.27, for a total value of $6,332,425.00. Following the transaction, the chief executive officer now directly owns 497,067 shares in the company, valued at $114,459,618.09. The trade was a 5.24% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, VP Shelley Reynolds sold 8,833 shares of the company's stock in a transaction on Friday, February 21st. The shares were sold at an average price of $222.47, for a total transaction of $1,965,077.51. Following the completion of the transaction, the vice president now owns 119,780 shares in the company, valued at approximately $26,647,456.60. This represents a 6.87% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 107,298 shares of company stock worth $23,818,478 over the last ninety days. Insiders own 9.70% of the company's stock.
Hedge Funds Weigh In On Amazon.com
Institutional investors and hedge funds have recently modified their holdings of the business. Castlekeep Investment Advisors LLC acquired a new position in shares of Amazon.com in the fourth quarter valued at about $25,000. Accordant Advisory Group Inc increased its holdings in Amazon.com by 400.0% in the 4th quarter. Accordant Advisory Group Inc now owns 125 shares of the e-commerce giant's stock valued at $27,000 after buying an additional 100 shares during the period. Prudent Man Investment Management Inc. bought a new position in Amazon.com in the 4th quarter valued at about $27,000. LSV Asset Management bought a new position in Amazon.com in the 4th quarter valued at about $35,000. Finally, Cooksen Wealth LLC bought a new position in Amazon.com in the 1st quarter valued at about $36,000. 72.20% of the stock is currently owned by institutional investors and hedge funds.
Amazon.com Company Profile
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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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