Amazon.com (NASDAQ:AMZN) Trading Up 1.1% - Here's Why

Key Points

• Amazon.com shares increased by 1.1% during midday trading, reaching a high of $228.21, with a trading volume of approximately 45.7 million shares.
• Wall Street analysts remain optimistic, with a consensus rating of “Buy” and an average target price of $266.26, indicating growth potential ahead.
• Institutional investors own around 72.20% of Amazon's stock, with significant recent acquisitions from firms like Kingstone Capital Partners and Norges Bank.

Shares of Amazon.com, Inc. (NASDAQ:AMZN) rose 1.1% during mid-day trading on Thursday . The stock traded as high as $228.21 and last traded at $227.74. Approximately 45,741,528 shares were traded during trading, an increase of 4% from the average daily volume of 44,108,512 shares. The stock had previously closed at $225.22.

Wall Street Analysts Forecast Growth

AMZN has been the subject of several recent analyst reports. Wall Street Zen raised Amazon.com from a "hold" rating to a "buy" rating in a research note on Saturday, August 2nd. Weiss Ratings reissued a "buy (b-)" rating on shares of Amazon.com in a research note on Wednesday. Cowen reissued a "buy" rating on shares of Amazon.com in a research note on Friday, August 1st. Morgan Stanley reissued an "overweight" rating on shares of Amazon.com in a research note on Wednesday, September 10th. Finally, Bank of America raised their target price on Amazon.com from $265.00 to $272.00 and gave the stock a "buy" rating in a research note on Friday, August 1st. Three research analysts have rated the stock with a Strong Buy rating, forty-seven have given a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat, the stock presently has an average rating of "Buy" and an average target price of $266.26.

Amazon.com Price Performance

The stock has a market capitalization of $2.43 trillion, a price-to-earnings ratio of 34.72, a PEG ratio of 1.51 and a beta of 1.28. 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 $225.90 and a 200 day moving average of $211.75.

Amazon.com (NASDAQ:AMZN - Get Free Report) last announced its quarterly earnings results on Thursday, July 31st. The e-commerce giant reported $1.68 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.31 by $0.37. The company had revenue of $167.70 billion during the quarter, compared to the consensus estimate of $161.80 billion. Amazon.com had a return on equity of 23.84% and a net margin of 10.54%.Amazon.com's revenue for the quarter was up 13.3% on a year-over-year basis. During the same period in the previous year, the business earned $1.26 EPS. Amazon.com has set its Q3 2025 guidance at EPS. As a group, equities research analysts anticipate that Amazon.com, Inc. will post 6.31 EPS for the current year.

Insiders Place Their Bets

In other news, CEO Douglas J. Herrington sold 2,500 shares of the business's stock in a transaction dated Wednesday, October 1st. The stock was sold at an average price of $217.10, for a total value of $542,750.00. Following the completion of the sale, the chief executive officer directly owned 515,507 shares of the company's stock, valued at approximately $111,916,569.70. The trade was a 0.48% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, SVP David Zapolsky sold 13,570 shares of the business's stock in a transaction dated Friday, August 22nd. The shares were sold at an average price of $222.76, for a total value of $3,022,853.20. Following the completion of the sale, the senior vice president directly owned 44,110 shares of the company's stock, valued at $9,825,943.60. The trade was a 23.53% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 18,313,335 shares of company stock worth $4,164,795,815. 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 added to or reduced their stakes in AMZN. Kingstone Capital Partners Texas LLC grew its holdings in shares of Amazon.com by 542,733.6% in the 2nd quarter. Kingstone Capital Partners Texas LLC now owns 132,641,388 shares of the e-commerce giant's stock worth $29,100,194,000 after acquiring an additional 132,616,953 shares during the period. Norges Bank acquired a new stake in shares of Amazon.com in the 2nd quarter worth approximately $27,438,011,000. Nuveen LLC acquired a new stake in shares of Amazon.com in the 1st quarter worth approximately $11,674,091,000. GAMMA Investing LLC grew its holdings in shares of Amazon.com by 21,420.5% in the 1st quarter. GAMMA Investing LLC now owns 30,245,061 shares of the e-commerce giant's stock worth $5,754,425,000 after acquiring an additional 30,104,520 shares during the period. Finally, Vanguard Group Inc. grew its holdings in shares of Amazon.com by 2.1% in the 2nd quarter. Vanguard Group Inc. now owns 849,721,601 shares of the e-commerce giant's stock worth $186,420,422,000 after acquiring an additional 17,447,045 shares during the period. 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.

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