Amazon.com (NASDAQ:AMZN) Trading Up 1.1%

Amazon.com, Inc. (NASDAQ:AMZN) shares traded up 1.1% during trading on Friday . The company traded as high as $178.97 and last traded at $178.13. 8,809,007 shares traded hands during trading, a decline of 79% from the average session volume of 42,893,938 shares. The stock had previously closed at $176.13.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on AMZN shares. BMO Capital Markets increased their target price on Amazon.com from $220.00 to $230.00 and gave the company an “outperform” rating in a research note on Thursday, July 25th. Truist Financial increased their price objective on shares of Amazon.com from $220.00 to $230.00 and gave the company a “buy” rating in a research report on Monday, July 22nd. Wedbush restated an “outperform” rating and issued a $225.00 target price on shares of Amazon.com in a research note on Friday, August 2nd. Morgan Stanley dropped their price target on shares of Amazon.com from $240.00 to $210.00 and set an “overweight” rating on the stock in a research note on Tuesday, August 6th. Finally, Itau BBA Securities cut shares of Amazon.com from an “outperform” rating to a “market perform” rating and set a $186.00 price objective for the company. in a research report on Friday, August 2nd. One analyst has rated the stock with a hold rating, forty have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, Amazon.com presently has an average rating of “Buy” and a consensus price target of $221.69.

Amazon.com Stock Up 0.5 %

The firm’s 50 day simple moving average is $183.78 and its 200 day simple moving average is $180.98. The company has a market cap of $1.84 trillion, a price-to-earnings ratio of 49.59, a price-to-earnings-growth ratio of 1.32 and a beta of 1.15. The company has a quick ratio of 0.87, a current ratio of 1.07 and a debt-to-equity ratio of 0.27.

Amazon.com (NASDAQ:AMZN) last posted its earnings results on Thursday, August 1st. The e-commerce giant reported $1.23 EPS for the quarter, beating the consensus estimate of $1.05 by $0.18. The firm had revenue of $147.98 billion for the quarter, compared to analysts’ expectations of $148.63 billion. Amazon.com had a return on equity of 22.35% and a net margin of 7.35%. Sell-side analysts anticipate that Amazon.com, Inc. will post 4.73 EPS for the current fiscal year.

Insider Activity at Amazon.com

In related news, CEO Douglas J. Herrington sold 3,500 shares of the stock in a transaction dated Monday, June 3rd. The shares were sold at an average price of $177.29, for a total value of $620,515.00. Following the completion of the transaction, the chief executive officer now owns 523,253 shares in the company, valued at approximately $92,767,524.37. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. In other news, CEO Douglas J. Herrington sold 3,500 shares of the company’s stock in a transaction that occurred on Monday, June 3rd. The shares were sold at an average price of $177.29, for a total value of $620,515.00. Following the completion of the sale, the chief executive officer now directly owns 523,253 shares of the company’s stock, valued at approximately $92,767,524.37. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Jeffrey P. Bezos sold 3,085,116 shares of the firm’s stock in a transaction that occurred on Friday, July 5th. The shares were sold at an average price of $200.07, for a total transaction of $617,239,158.12. Following the transaction, the insider now owns 931,925,277 shares in the company, valued at approximately $186,450,290,169.39. The disclosure for this sale can be found here. Insiders have sold a total of 6,107,817 shares of company stock worth $1,221,241,837 over the last ninety days. 10.80% of the stock is currently owned by corporate insiders.

Institutional Trading of Amazon.com

Several institutional investors have recently modified their holdings of the company. PayPay Securities Corp boosted its position in shares of Amazon.com by 64.6% during the 2nd quarter. PayPay Securities Corp now owns 163 shares of the e-commerce giant’s stock valued at $32,000 after purchasing an additional 64 shares in the last quarter. Cooksen Wealth LLC acquired a new stake in Amazon.com during the fourth quarter valued at approximately $30,000. Strid Group LLC bought a new stake in Amazon.com during the fourth quarter worth approximately $43,000. Christopher J. Hasenberg Inc grew its position in Amazon.com by 650.0% in the second quarter. Christopher J. Hasenberg Inc now owns 300 shares of the e-commerce giant’s stock worth $58,000 after buying an additional 260 shares during the last quarter. Finally, Clarity Asset Management Inc. bought a new position in shares of Amazon.com in the fourth quarter valued at $46,000. Institutional investors and hedge funds own 72.20% of the company’s stock.

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.