Amazon.com (NASDAQ:AMZN) Stock Price Up 1.9%

Shares of Amazon.com, Inc. (NASDAQ:AMZN) traded up 1.9% on Tuesday . The company traded as high as $188.94 and last traded at $188.35. 7,563,025 shares were traded during mid-day trading, a decline of 82% from the average session volume of 41,980,383 shares. The stock had previously closed at $184.89.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on the company. Itau BBA Securities lowered Amazon.com from an “outperform” rating to a “market perform” rating and set a $186.00 target price for the company. in a report on Friday, August 2nd. Rosenblatt Securities upped their price objective on shares of Amazon.com from $220.00 to $221.00 and gave the stock a “buy” rating in a report on Friday, August 2nd. Royal Bank of Canada reiterated an “outperform” rating and issued a $215.00 target price on shares of Amazon.com in a report on Friday, August 2nd. Benchmark restated a “buy” rating and set a $200.00 price target on shares of Amazon.com in a report on Friday, August 2nd. Finally, Roth Mkm raised their price objective on shares of Amazon.com from $210.00 to $215.00 and gave the stock a “buy” rating in a research note on Friday, August 2nd. One analyst has rated the stock with a hold rating, forty have given a buy rating and two have given a strong buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Buy” and a consensus target price of $222.49.

Amazon.com Trading Down 0.2 %

The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.88 and a current ratio of 1.10. The stock has a market cap of $1.94 trillion, a P/E ratio of 52.22, a P/E/G ratio of 1.39 and a beta of 1.14. The company has a 50-day simple moving average of $178.71 and a 200-day simple moving average of $181.83.

Amazon.com (NASDAQ:AMZN) last released its quarterly earnings results on Thursday, August 1st. The e-commerce giant reported $1.23 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.05 by $0.18. The business had revenue of $147.98 billion during the quarter, compared to analysts’ expectations of $148.63 billion. Amazon.com had a return on equity of 21.39% and a net margin of 7.35%. On average, sell-side analysts forecast that Amazon.com, Inc. will post 4.86 EPS for the current fiscal year.

Insider Transactions at Amazon.com

In related news, CFO Brian T. Olsavsky sold 14,600 shares of the firm’s stock in a transaction that occurred on Wednesday, August 21st. The shares were sold at an average price of $180.00, for a total value of $2,628,000.00. Following the completion of the sale, the chief financial officer now owns 49,000 shares of the company’s stock, valued at $8,820,000. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. In other news, CFO Brian T. Olsavsky sold 14,600 shares of the company’s stock in a transaction on Wednesday, August 21st. The stock was sold at an average price of $180.00, for a total transaction of $2,628,000.00. Following the transaction, the chief financial officer now owns 49,000 shares of the company’s stock, valued at $8,820,000. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, VP Shelley Reynolds sold 3,791 shares of Amazon.com stock in a transaction dated Wednesday, August 21st. The stock was sold at an average price of $181.04, for a total value of $686,322.64. Following the completion of the sale, the vice president now owns 121,461 shares of the company’s stock, valued at $21,989,299.44. The disclosure for this sale can be found here. Over the last three months, insiders have sold 6,104,317 shares of company stock worth $1,220,621,322. Corporate insiders own 10.80% of the company’s stock.

Institutional Investors Weigh In On Amazon.com

A number of institutional investors and hedge funds have recently modified their holdings of AMZN. Vanguard Group Inc. boosted its position in shares of Amazon.com by 1.9% in the 1st quarter. Vanguard Group Inc. now owns 785,811,114 shares of the e-commerce giant’s stock worth $141,744,609,000 after purchasing an additional 14,724,687 shares during the last quarter. Norges Bank acquired a new position in Amazon.com in the fourth quarter valued at about $17,700,551,000. Capital Research Global Investors boosted its holdings in Amazon.com by 8.5% during the first quarter. Capital Research Global Investors now owns 86,982,857 shares of the e-commerce giant’s stock worth $15,689,968,000 after buying an additional 6,810,145 shares during the last quarter. Legal & General Group Plc grew its position in shares of Amazon.com by 1.5% during the 2nd quarter. Legal & General Group Plc now owns 69,686,374 shares of the e-commerce giant’s stock worth $13,466,933,000 after buying an additional 1,042,177 shares during the period. Finally, Bank of New York Mellon Corp increased its stake in shares of Amazon.com by 0.4% in the 2nd quarter. Bank of New York Mellon Corp now owns 67,745,972 shares of the e-commerce giant’s stock valued at $13,091,909,000 after acquiring an additional 289,532 shares during the last quarter. 72.20% of the stock is owned by institutional investors.

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.