Amazon.com, Inc. (NASDAQ:AMZN)'s stock price traded up 1.9% on Tuesday . The company traded as high as $205.36 and last traded at $204.81. 10,730,051 shares changed hands during mid-day trading, a decline of 74% from the average session volume of 41,898,935 shares. The stock had previously closed at $200.99.
Analyst Ratings Changes
A number of analysts recently weighed in on the company. Citizens Jmp dropped their target price on Amazon.com from $285.00 to $240.00 and set an "outperform" rating for the company in a research report on Monday, April 14th. Needham & Company LLC reiterated a "buy" rating and issued a $220.00 price target on shares of Amazon.com in a report on Friday, May 2nd. Loop Capital lifted their price target on shares of Amazon.com from $275.00 to $285.00 and gave the company a "buy" rating in a report on Wednesday, February 12th. UBS Group reiterated a "buy" rating on shares of Amazon.com in a report on Tuesday, May 6th. Finally, Tigress Financial upped their target price on Amazon.com from $290.00 to $305.00 and gave the stock a "buy" rating in a report on Tuesday, May 6th. Four research analysts have rated the stock with a hold rating and forty-four have assigned a buy rating to the company. According to MarketBeat, Amazon.com currently has a consensus rating of "Moderate Buy" and a consensus target price of $244.09.
Check Out Our Latest Report on AMZN
Amazon.com Trading Down 0.2%
The firm has a market cap of $2.18 trillion, a price-to-earnings ratio of 37.18, a PEG ratio of 1.50 and a beta of 1.30. The company has a fifty day moving average price of $190.38 and a 200-day moving average price of $208.73. The company has a current ratio of 1.06, a quick ratio of 0.87 and a debt-to-equity ratio of 0.18.
Amazon.com (NASDAQ:AMZN - Get Free Report) last issued its quarterly earnings data on Thursday, May 1st. The e-commerce giant reported $1.59 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.38 by $0.21. The business had revenue of $155.67 billion during the quarter, compared to analysts' expectations of $154.96 billion. Amazon.com had a return on equity of 24.25% and a net margin of 9.29%. The company's revenue for the quarter was up 8.6% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.98 EPS. As a group, research analysts expect that Amazon.com, Inc. will post 6.31 EPS for the current year.
Insider Activity at Amazon.com
In related news, CEO Douglas J. Herrington sold 2,500 shares of the company's stock in a transaction that occurred on Tuesday, April 1st. The stock was sold at an average price of $187.99, for a total value of $469,975.00. Following the transaction, the chief executive officer now directly owns 509,474 shares in the company, valued at approximately $95,776,017.26. This represents a 0.49% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Keith Brian Alexander sold 1,000 shares of the firm's stock in a transaction on Monday, May 12th. The shares were sold at an average price of $210.68, for a total value of $210,680.00. Following the completion of the sale, the director now owns 5,465 shares in the company, valued at approximately $1,151,366.20. This represents a 15.47% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 99,537 shares of company stock worth $20,018,625 in the last 90 days. Corporate insiders own 9.70% of the company's stock.
Institutional Inflows and Outflows
Several institutional investors have recently bought and sold shares of the business. Prudent Man Investment Management Inc. bought a new position in shares of Amazon.com during the fourth quarter worth about $27,000. Accordant Advisory Group Inc lifted its position in shares of Amazon.com by 400.0% during the fourth quarter. Accordant Advisory Group Inc now owns 125 shares of the e-commerce giant's stock worth $27,000 after purchasing an additional 100 shares during the last quarter. LSV Asset Management bought a new position in shares of Amazon.com during the fourth quarter worth about $35,000. Perritt Capital Management Inc lifted its position in shares of Amazon.com by 72.7% during the fourth quarter. Perritt Capital Management Inc now owns 190 shares of the e-commerce giant's stock worth $42,000 after purchasing an additional 80 shares during the last quarter. Finally, Cooksen Wealth LLC bought a new position in shares of Amazon.com during the first quarter worth about $36,000. 72.20% of the stock is currently owned by institutional investors and hedge funds.
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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