Amazon.com (NASDAQ:AMZN) Stock Price Up 1.5% - What's Next?

Shares of Amazon.com, Inc. (NASDAQ:AMZN) rose 1.5% during trading on Friday . The company traded as high as $224.01 and last traded at $223.13. Approximately 29,632,353 shares were traded during mid-day trading, a decline of 29% from the average daily volume of 42,018,920 shares. The stock had previously closed at $219.92.

Analyst Ratings Changes

AMZN has been the subject of a number of recent research reports. Wedbush reiterated an "outperform" rating and issued a $235.00 price objective (up previously from $225.00) on shares of Amazon.com in a report on Friday, May 2nd. Wall Street Zen downgraded shares of Amazon.com from a "buy" rating to a "hold" rating in a report on Monday, May 5th. UBS Group restated a "buy" rating on shares of Amazon.com in a report on Tuesday, May 6th. Barclays cut their price target on shares of Amazon.com from $265.00 to $240.00 and set an "overweight" rating for the company in a report on Friday, May 2nd. Finally, BNP Paribas Exane upgraded shares of Amazon.com from a "neutral" rating to an "outperform" rating and set a $254.00 price target for the company in a report on Friday, June 27th. Three equities research analysts have rated the stock with a hold rating, forty-five have given a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $245.60.

Amazon.com Trading Up 1.5%

The firm has a market capitalization of $2.37 trillion, a PE ratio of 36.34, a PEG ratio of 1.68 and a beta of 1.33. The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.84 and a current ratio of 1.05. The company's 50-day moving average price is $206.44 and its 200-day moving average price is $208.70.

Amazon.com (NASDAQ:AMZN - Get Free Report) last announced its quarterly earnings results on Thursday, May 1st. The e-commerce giant reported $1.59 earnings per share for the quarter, beating analysts' consensus estimates of $1.38 by $0.21. Amazon.com had a net margin of 10.14% and a return on equity of 24.14%. The firm had revenue of $155.67 billion during the quarter, compared to analysts' expectations of $154.96 billion. During the same period in the previous year, the company earned $0.98 earnings per share. Amazon.com's quarterly revenue was up 8.6% compared to the same quarter last year. On average, sell-side analysts expect that Amazon.com, Inc. will post 6.31 earnings per share for the current year.

Insider Transactions at Amazon.com

In other news, CEO Douglas J. Herrington sold 2,500 shares of the company's stock in a transaction dated Tuesday, July 1st. The shares were sold at an average price of $220.06, for a total value of $550,150.00. Following the completion of the sale, the chief executive officer directly owned 514,550 shares of the company's stock, valued at approximately $113,231,873. This represents a 0.48% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Brian T. Olsavsky sold 17,750 shares of the company's stock in a transaction dated Wednesday, May 21st. The shares were sold at an average price of $201.57, for a total transaction of $3,577,867.50. Following the completion of the sale, the chief financial officer directly owned 49,000 shares of the company's stock, valued at $9,876,930. The trade was a 26.59% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 3,426,963 shares of company stock valued at $757,297,707 over the last quarter. 9.70% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Amazon.com

A number of institutional investors and hedge funds have recently made changes to their positions in AMZN. Cable Hill Partners LLC boosted its holdings in shares of Amazon.com by 0.5% during the 4th quarter. Cable Hill Partners LLC now owns 9,588 shares of the e-commerce giant's stock worth $2,104,000 after buying an additional 44 shares in the last quarter. Northern Capital Management Inc. boosted its holdings in shares of Amazon.com by 0.6% during the 4th quarter. Northern Capital Management Inc. now owns 7,353 shares of the e-commerce giant's stock worth $1,613,000 after buying an additional 45 shares in the last quarter. White Wing Wealth Management boosted its holdings in shares of Amazon.com by 2.4% during the 4th quarter. White Wing Wealth Management now owns 1,972 shares of the e-commerce giant's stock worth $433,000 after buying an additional 47 shares in the last quarter. Balanced Wealth Group LLC boosted its holdings in shares of Amazon.com by 1.6% during the 4th quarter. Balanced Wealth Group LLC now owns 2,966 shares of the e-commerce giant's stock worth $705,000 after buying an additional 48 shares in the last quarter. Finally, ETF Store Inc. boosted its holdings in shares of Amazon.com by 2.1% during the 4th quarter. ETF Store Inc. now owns 2,378 shares of the e-commerce giant's stock worth $522,000 after buying an additional 48 shares in the last quarter. 72.20% of the stock is owned by hedge funds and other institutional investors.

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.