Amazon.com (NASDAQ:AMZN) Reaches New 12-Month High at $189.94

Shares of Amazon.com, Inc. (NASDAQ:AMZN) hit a new 52-week high during mid-day trading on Wednesday . The company traded as high as $189.94 and last traded at $188.76, with a volume of 34007152 shares traded. The stock had previously closed at $188.70.

Wall Street Analyst Weigh In

AMZN has been the subject of a number of research analyst reports. Sanford C. Bernstein increased their target price on shares of Amazon.com from $175.00 to $200.00 and gave the company an "outperform" rating in a report on Friday, February 2nd. Robert W. Baird increased their price objective on shares of Amazon.com from $205.00 to $210.00 and gave the stock an "outperform" rating in a research report on Wednesday, May 1st. Needham & Company LLC restated a "buy" rating and set a $205.00 target price on shares of Amazon.com in a research note on Wednesday, May 1st. DA Davidson reaffirmed a "buy" rating and issued a $235.00 price objective on shares of Amazon.com in a report on Thursday, April 18th. Finally, The Goldman Sachs Group boosted their price target on Amazon.com from $220.00 to $225.00 and gave the stock a "buy" rating in a research report on Wednesday, May 1st. One equities research analyst has rated the stock with a hold rating, forty-four have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of "Buy" and an average price target of $211.62.

Amazon.com Trading Down 0.4 %

The company has a debt-to-equity ratio of 0.27, a current ratio of 1.07 and a quick ratio of 0.87. The stock has a 50-day moving average price of $179.60 and a two-hundred day moving average price of $161.63. The stock has a market cap of $1.96 trillion, a PE ratio of 52.66, a price-to-earnings-growth ratio of 1.35 and a beta of 1.15.

Amazon.com (NASDAQ:AMZN - Get Free Report) last released its quarterly earnings results on Tuesday, April 30th. The e-commerce giant reported $0.98 EPS for the quarter, topping analysts' consensus estimates of $0.83 by $0.15. The firm had revenue of $143.31 billion during the quarter, compared to analysts' expectations of $142.65 billion. Amazon.com had a net margin of 6.38% and a return on equity of 19.86%. The firm's revenue for the quarter was up 12.5% compared to the same quarter last year. During the same period in the previous year, the company earned $0.31 EPS. Sell-side analysts forecast that Amazon.com, Inc. will post 4.67 earnings per share for the current fiscal year.

Insider Buying and Selling at Amazon.com

In other news, Director Keith Brian Alexander sold 1,000 shares of Amazon.com stock in a transaction on Monday, May 6th. The shares were sold at an average price of $186.22, for a total transaction of $186,220.00. Following the completion of the sale, the director now directly owns 4,760 shares in the company, valued at $886,407.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. In other news, insider Jeffrey P. Bezos sold 5,998,849 shares of the stock in a transaction that occurred on Friday, February 9th. The stock was sold at an average price of $173.33, for a total transaction of $1,039,780,497.17. Following the transaction, the insider now owns 970,255,270 shares in the company, valued at approximately $168,174,345,949.10. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, Director Keith Brian Alexander sold 1,000 shares of Amazon.com stock in a transaction dated Monday, May 6th. The shares were sold at an average price of $186.22, for a total transaction of $186,220.00. Following the completion of the sale, the director now owns 4,760 shares in the company, valued at approximately $886,407.20. The disclosure for this sale can be found here. Insiders have sold 26,198,961 shares of company stock worth $4,482,430,577 over the last quarter. Insiders own 10.80% of the company's stock.

Hedge Funds Weigh In On Amazon.com

A number of institutional investors and hedge funds have recently bought and sold shares of AMZN. Cooksen Wealth LLC purchased a new position in Amazon.com in the 4th quarter valued at approximately $30,000. PayPay Securities Corp boosted its stake in Amazon.com by 54.3% in the third quarter. PayPay Securities Corp now owns 267 shares of the e-commerce giant's stock valued at $34,000 after acquiring an additional 94 shares in the last quarter. E Fund Management Hong Kong Co. Ltd. boosted its position in shares of Amazon.com by 45.0% in the 4th quarter. E Fund Management Hong Kong Co. Ltd. now owns 277 shares of the e-commerce giant's stock valued at $42,000 after purchasing an additional 86 shares during the period. Strid Group LLC purchased a new position in Amazon.com during the 4th quarter worth approximately $43,000. Finally, Harbor Investment Advisory LLC increased its holdings in shares of Amazon.com by 0.7% in the 4th quarter. Harbor Investment Advisory LLC now owns 299,959 shares of the e-commerce giant's stock valued at $46,000 after acquiring an additional 1,988 shares during the period. 72.20% of the stock is currently owned by institutional investors and hedge funds.

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.