Amazon.com (NASDAQ:AMZN) Trading Up 1.1% - What's Next?

Amazon.com, Inc. (NASDAQ:AMZN) traded up 1.1% during mid-day trading on Friday . The stock traded as high as $221.56 and last traded at $219.48. 17,375,886 shares changed hands during mid-day trading, a decline of 59% from the average session volume of 41,890,988 shares. The stock had previously closed at $217.12.

Wall Street Analyst Weigh In

Several analysts have recently commented on AMZN shares. Moffett Nathanson increased their target price on shares of Amazon.com from $250.00 to $253.00 and gave the company a "buy" rating in a report on Tuesday. The Goldman Sachs Group reduced their target price on shares of Amazon.com from $255.00 to $220.00 and set a "buy" rating for the company in a research report on Tuesday, April 22nd. Citizens Jmp decreased 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. Cantor Fitzgerald upped their price target on Amazon.com from $230.00 to $240.00 and gave the company an "overweight" rating in a research report on Friday, May 2nd. Finally, DA Davidson cut their price target on Amazon.com from $280.00 to $230.00 and set a "buy" rating for the company in a research note on Monday, April 14th. Four research analysts have rated the stock with a hold rating and forty-five have assigned a buy rating to the stock. Based on data from MarketBeat.com, Amazon.com has an average rating of "Moderate Buy" and a consensus price target of $245.81.

Amazon.com Price Performance

The stock has a market capitalization of $2.33 trillion, a PE ratio of 35.77, a P/E/G ratio of 1.60 and a beta of 1.33. The firm's 50 day simple moving average is $201.25 and its 200 day simple moving average is $209.02. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.05 and a quick ratio of 0.84.

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, beating the consensus estimate of $1.38 by $0.21. The business had revenue of $155.67 billion during the quarter, compared to analyst estimates of $154.96 billion. Amazon.com had a net margin of 10.14% and a return on equity of 24.14%. The company's revenue was up 8.6% on a year-over-year basis. During the same period in the prior year, the business posted $0.98 earnings per share. As a group, equities analysts forecast that Amazon.com, Inc. will post 6.31 EPS for the current fiscal year.

Insider Activity

In other Amazon.com news, CEO Andrew R. Jassy sold 19,872 shares of the stock in a transaction that occurred on Wednesday, May 21st. The stock was sold at an average price of $201.30, for a total value of $4,000,233.60. Following the completion of the sale, the chief executive officer now owns 2,148,694 shares in the company, valued at approximately $432,532,102.20. This trade represents a 0.92% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO Matthew S. Garman sold 20,923 shares of Amazon.com stock in a transaction that occurred on Wednesday, May 21st. The stock was sold at an average price of $201.30, for a total value of $4,211,799.90. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 102,037 shares of company stock valued at $20,531,075. 9.70% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Amazon.com

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Prudent Man Investment Management Inc. purchased a new stake in Amazon.com in the fourth quarter worth $27,000. LSV Asset Management bought a new position in Amazon.com in the 4th quarter valued at approximately $35,000. Perritt Capital Management Inc lifted its holdings 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 valued at $42,000 after purchasing an additional 80 shares in the last quarter. Cooksen Wealth LLC purchased a new stake in shares of Amazon.com during the 1st quarter valued at about $36,000. Finally, Inlight Wealth Management LLC purchased a new stake in Amazon.com in the first quarter worth approximately $40,000. Institutional investors own 72.20% of the company's stock.

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.

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