Amazon.com (NASDAQ:AMZN) Trading 0.8% Higher

Amazon.com, Inc. (NASDAQ:AMZN)'s share price traded up 0.8% during mid-day trading on Monday . The stock traded as high as $188.69 and last traded at $187.55. 13,537,758 shares traded hands during mid-day trading, a decline of 68% from the average session volume of 42,803,773 shares. The stock had previously closed at $186.13.

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on the stock. Deutsche Bank Aktiengesellschaft increased their price target on shares of Amazon.com from $175.00 to $200.00 and gave the stock a "buy" rating in a research note on Friday, February 2nd. Royal Bank of Canada increased their price objective on shares of Amazon.com from $180.00 to $215.00 and gave the company an "outperform" rating in a research report on Friday, February 2nd. The Goldman Sachs Group increased their price objective on shares of Amazon.com from $200.00 to $220.00 and gave the company a "buy" rating in a research report on Friday, February 2nd. Monness Crespi & Hardt increased their price objective on shares of Amazon.com from $170.00 to $215.00 and gave the company a "buy" rating in a research report on Friday, February 2nd. Finally, Sanford C. Bernstein increased their price objective on shares of Amazon.com from $175.00 to $200.00 and gave the company an "outperform" rating in a research report on Friday, February 2nd. One equities research analyst has rated the stock with a hold rating, forty-three have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, Amazon.com has a consensus rating of "Buy" and a consensus price target of $201.43.

Amazon.com Stock Performance

The firm's 50-day moving average price is $176.33 and its 200-day moving average price is $155.38. The stock has a market cap of $1.91 trillion, a P/E ratio of 64.67, a PEG ratio of 1.62 and a beta of 1.17. The company has a debt-to-equity ratio of 0.29, a current ratio of 1.05 and a quick ratio of 0.84.

Amazon.com (NASDAQ:AMZN - Get Free Report) last announced its quarterly earnings results on Thursday, February 1st. The e-commerce giant reported $1.00 earnings per share for the quarter, topping the consensus estimate of $0.81 by $0.19. The company had revenue of $169.96 billion for the quarter, compared to analysts' expectations of $165.96 billion. Amazon.com had a net margin of 5.29% and a return on equity of 16.61%. Amazon.com's quarterly revenue was up 13.9% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.21 earnings per share. Sell-side analysts expect that Amazon.com, Inc. will post 4.08 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Amazon.com news, VP Shelley Reynolds sold 3,100 shares of the business's stock in a transaction dated Wednesday, February 21st. The shares were sold at an average price of $168.97, for a total value of $523,807.00. Following the completion of the transaction, the vice president now directly owns 119,780 shares in the company, valued at $20,239,226.60. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, VP Shelley Reynolds sold 3,100 shares of the company's stock in a transaction dated Wednesday, February 21st. The shares were sold at an average price of $168.97, for a total transaction of $523,807.00. Following the transaction, the vice president now owns 119,780 shares in the company, valued at $20,239,226.60. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CEO Adam Selipsky sold 500 shares of the stock in a transaction that occurred on Thursday, January 18th. The stock was sold at an average price of $152.78, for a total transaction of $76,390.00. Following the completion of the transaction, the chief executive officer now owns 117,560 shares in the company, valued at approximately $17,960,816.80. The disclosure for this sale can be found here. Insiders sold 32,214,010 shares of company stock valued at $5,505,874,846 over the last three months. 12.70% of the stock is owned by company insiders.

Hedge Funds Weigh In On Amazon.com

Several hedge funds and other institutional investors have recently bought and sold shares of AMZN. Mayflower Financial Advisors LLC grew its stake in Amazon.com by 0.3% in the 3rd quarter. Mayflower Financial Advisors LLC now owns 194,762 shares of the e-commerce giant's stock valued at $25,000 after acquiring an additional 572 shares during the period. Cooksen Wealth LLC acquired a new stake in Amazon.com in the 4th quarter valued at $30,000. PayPay Securities Corp grew its stake in Amazon.com by 54.3% in the 3rd 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 during the period. Laurel Wealth Planning LLC grew its stake in Amazon.com by 1,900.0% in the 2nd quarter. Laurel Wealth Planning LLC now owns 320 shares of the e-commerce giant's stock valued at $34,000 after acquiring an additional 304 shares during the period. Finally, Sanctuary Wealth Management L.L.C. acquired a new stake in Amazon.com in the 4th quarter valued at $37,000. 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.