Amazon.com (NASDAQ:AMZN) Trading 0.1% Higher

Amazon.com, Inc. (NASDAQ:AMZN)'s share price shot up 0.1% during mid-day trading on Monday . The company traded as high as $178.87 and last traded at $174.86. 12,088,737 shares changed hands during trading, a decline of 72% from the average session volume of 42,580,102 shares. The stock had previously closed at $174.63.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on the stock. DA Davidson reissued a "buy" rating and set a $235.00 price target on shares of Amazon.com in a report on Thursday. Benchmark increased their price target on Amazon.com from $175.00 to $200.00 and gave the stock a "buy" rating in a research report on Friday, February 2nd. Truist Financial raised their price target on Amazon.com from $195.00 to $216.00 and gave the company a "buy" rating in a report on Wednesday, April 17th. JPMorgan Chase & Co. boosted their price objective on Amazon.com from $190.00 to $225.00 and gave the stock an "overweight" rating in a research note on Friday, February 2nd. Finally, Deutsche Bank Aktiengesellschaft raised their target price on Amazon.com from $175.00 to $200.00 and gave the company a "buy" rating in a research note on Friday, February 2nd. One research analyst has rated the stock with a hold rating, forty-four have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the company has an average rating of "Buy" and an average price target of $202.80.

Amazon.com Stock Up 1.5 %

The stock has a market capitalization of $1.84 trillion, a P/E ratio of 61.11, a P/E/G ratio of 1.52 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. The firm has a 50-day simple moving average of $177.38 and a 200 day simple moving average of $157.63.

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 (EPS) for the quarter, beating the consensus estimate of $0.81 by $0.19. The firm had revenue of $169.96 billion during 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%. The company's revenue was up 13.9% on a year-over-year basis. During the same period in the prior year, the company posted $0.21 EPS. On average, equities research analysts forecast that Amazon.com, Inc. will post 4.1 EPS for the current year.

Insider Buying and Selling at Amazon.com

In other Amazon.com news, VP Shelley Reynolds sold 3,100 shares of the stock in a transaction that occurred on Wednesday, February 21st. The shares were sold at an average price of $168.97, for a total transaction of $523,807.00. Following the completion of the sale, the vice president now owns 119,780 shares of the company's stock, valued at approximately $20,239,226.60. The transaction was disclosed in a legal 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 business's stock in a transaction dated Wednesday, February 21st. The stock was sold at an average price of $168.97, for a total value of $523,807.00. Following the transaction, the vice president now directly owns 119,780 shares of the company's stock, valued at approximately $20,239,226.60. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Adam Selipsky sold 500 shares of Amazon.com stock in a transaction that occurred on Thursday, April 18th. The stock was sold at an average price of $181.38, for a total value of $90,690.00. Following the completion of the sale, the chief executive officer now owns 130,600 shares of the company's stock, valued at $23,688,228. The disclosure for this sale can be found here. In the last quarter, insiders have sold 32,214,010 shares of company stock worth $5,505,889,146. Insiders own 10.80% of the company's stock.

Institutional Trading of Amazon.com

Several large investors have recently made changes to their positions in AMZN. Tributary Capital Management LLC boosted its holdings in Amazon.com by 5.8% during the 3rd quarter. Tributary Capital Management LLC now owns 11,925 shares of the e-commerce giant's stock worth $1,516,000 after acquiring an additional 650 shares during the last quarter. CVA Family Office LLC increased its position in shares of Amazon.com by 7.5% during the third quarter. CVA Family Office LLC now owns 20,387 shares of the e-commerce giant's stock valued at $2,592,000 after acquiring an additional 1,430 shares during the last quarter. Grassi Investment Management lifted its holdings in Amazon.com by 10.2% during the third quarter. Grassi Investment Management now owns 45,005 shares of the e-commerce giant's stock worth $5,721,000 after acquiring an additional 4,170 shares during the period. First Financial Corp IN boosted its position in Amazon.com by 20.3% in the third quarter. First Financial Corp IN now owns 8,300 shares of the e-commerce giant's stock worth $1,055,000 after purchasing an additional 1,400 shares during the last quarter. Finally, Affiance Financial LLC grew its stake in Amazon.com by 2.7% in the 3rd quarter. Affiance Financial LLC now owns 10,053 shares of the e-commerce giant's stock valued at $1,278,000 after purchasing an additional 266 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.