Amazon.com, Inc. (NASDAQ:AMZN) saw some unusual options trading activity on Friday. Traders bought 772,502 call options on the stock. Thisisanincreaseof31% compared to the typical daily volume of 588,954 call options.
Wall Street Analysts Forecast Growth
Several research firms recently commented on AMZN. Wells Fargo & Company raised their target price on Amazon.com from $238.00 to $245.00 and gave the stock an "equal weight" rating in a report on Tuesday, July 29th. HSBC upped their price objective on shares of Amazon.com from $240.00 to $256.00 in a research report on Tuesday, July 22nd. BNP Paribas upgraded shares of Amazon.com from a "hold" rating to a "strong-buy" rating in a research report on Friday, June 27th. BNP Paribas Exane upgraded shares of Amazon.com from a "neutral" rating to an "outperform" rating and set a $254.00 price objective for the company in a research report on Friday, June 27th. Finally, Wedbush upped their price objective on shares of Amazon.com from $235.00 to $250.00 and gave the stock an "outperform" rating in a research report on Wednesday, July 30th. Two equities research analysts have rated the stock with a Strong Buy rating, forty-six have issued a Buy rating and two have given a Hold rating to the company's stock. According to MarketBeat, Amazon.com has an average rating of "Buy" and a consensus target price of $262.87.
Read Our Latest Stock Report on AMZN
Amazon.com Price Performance
Shares of NASDAQ:AMZN traded down $3.35 during trading on Friday, reaching $232.33. The stock had a trading volume of 36,684,807 shares, compared to its average volume of 32,905,296. 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 business has a fifty day moving average price of $225.74 and a 200-day moving average price of $208.00. The stock has a market cap of $2.48 trillion, a PE ratio of 35.42, a PEG ratio of 1.56 and a beta of 1.30. Amazon.com has a 1-year low of $161.38 and a 1-year high of $242.52.
Amazon.com (NASDAQ:AMZN - Get Free Report) last released its quarterly earnings data on Thursday, July 31st. The e-commerce giant reported $1.68 EPS for the quarter, beating 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 net margin of 10.54% and a return on equity of 23.84%. Amazon.com's quarterly revenue was up 13.3% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.26 EPS. Amazon.com has set its Q3 2025 guidance at EPS. On average, equities analysts forecast that Amazon.com will post 6.31 earnings per share for the current fiscal year.
Insider Buying and Selling
In related news, CEO Andrew R. Jassy sold 19,872 shares of the firm's stock in a transaction dated Thursday, August 21st. The stock was sold at an average price of $221.58, for a total transaction of $4,403,237.76. Following the sale, the chief executive officer directly owned 2,178,502 shares of the company's stock, valued at $482,712,473.16. This trade represents a 0.90% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Douglas J. Herrington sold 2,500 shares of the firm's stock in a transaction dated Tuesday, September 2nd. The stock was sold at an average price of $223.49, for a total value of $558,725.00. Following the sale, the chief executive officer directly owned 518,007 shares in the company, valued at approximately $115,769,384.43. This trade represents a 0.48% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 25,097,911 shares of company stock valued at $5,676,032,574 in the last 90 days. 9.70% of the stock is currently owned by insiders.
Institutional Trading of Amazon.com
A number of hedge funds have recently bought and sold shares of the business. Kingstone Capital Partners Texas LLC increased its holdings in shares of Amazon.com by 542,733.6% during 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 buying an additional 132,616,953 shares during the last quarter. Norges Bank purchased a new stake in Amazon.com in the second quarter valued at $27,438,011,000. Nuveen LLC purchased a new stake in Amazon.com in the first quarter valued at $11,674,091,000. GAMMA Investing LLC raised its position in Amazon.com by 21,420.5% in the first quarter. GAMMA Investing LLC now owns 30,245,061 shares of the e-commerce giant's stock valued at $5,754,425,000 after purchasing an additional 30,104,520 shares during the period. Finally, Capital World Investors raised its position in Amazon.com by 36.8% in the fourth quarter. Capital World Investors now owns 65,709,496 shares of the e-commerce giant's stock valued at $14,416,078,000 after purchasing an additional 17,681,004 shares during the period. Institutional investors and hedge funds own 72.20% of the company's stock.
About Amazon.com
(
Get Free Report)
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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