Amazon.com (NASDAQ:AMZN) Trading 0.7% Higher

Amazon.com, Inc. (NASDAQ:AMZN)’s share price shot up 0.7% on Monday . The stock traded as high as $168.55 and last traded at $168.13. 10,813,787 shares traded hands during trading, a decline of 75% from the average session volume of 43,424,309 shares. The stock had previously closed at $166.94.

Wall Street Analysts Forecast Growth

Several analysts have recently issued reports on the company. Telsey Advisory Group upped their price objective on Amazon.com from $200.00 to $215.00 and gave the company an “outperform” rating in a research report on Wednesday, May 1st. The Goldman Sachs Group lowered their price target on shares of Amazon.com from $250.00 to $230.00 and set a “buy” rating for the company in a report on Friday, August 2nd. Wedbush restated an “outperform” rating and issued a $225.00 price target on shares of Amazon.com in a report on Friday, August 2nd. Raymond James increased their price objective on shares of Amazon.com from $200.00 to $205.00 and gave the stock a “strong-buy” rating in a report on Wednesday, May 1st. Finally, Robert W. Baird boosted their target price on shares of Amazon.com from $210.00 to $213.00 and gave the company an “outperform” rating in a report on Friday, June 21st. One equities research analyst has rated the stock with a hold rating, forty have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Buy” and an average price target of $221.69.

Amazon.com Stock Performance

The company has a quick ratio of 0.87, a current ratio of 1.07 and a debt-to-equity ratio of 0.27. The firm has a market capitalization of $1.74 trillion, a PE ratio of 47.10, a P/E/G ratio of 1.32 and a beta of 1.15. The firm’s 50-day moving average price is $185.48 and its two-hundred day moving average price is $180.22.

Insider Activity

In related news, CEO Douglas J. Herrington sold 3,500 shares of the stock in a transaction on Thursday, August 1st. The stock was sold at an average price of $189.25, for a total transaction of $662,375.00. Following the completion of the sale, the chief executive officer now directly owns 503,753 shares in the company, valued at $95,335,255.25. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. In related news, CEO Douglas J. Herrington sold 3,500 shares of the firm’s stock in a transaction that occurred on Thursday, August 1st. The shares were sold at an average price of $189.25, for a total transaction of $662,375.00. Following the transaction, the chief executive officer now owns 503,753 shares of the company’s stock, valued at $95,335,255.25. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CEO Andrew R. Jassy sold 20,784 shares of the business’s stock in a transaction that occurred on Tuesday, May 21st. The stock was sold at an average price of $181.44, for a total transaction of $3,771,048.96. Following the completion of the sale, the chief executive officer now directly owns 2,025,358 shares of the company’s stock, valued at $367,480,955.52. The disclosure for this sale can be found here. Insiders have sold a total of 6,106,726 shares of company stock worth $1,221,095,028 in the last ninety days. Corporate insiders own 10.80% of the company’s stock.

Institutional Trading of Amazon.com

A number of institutional investors and hedge funds have recently made changes to their positions in AMZN. Cooksen Wealth LLC bought a new position in Amazon.com in the 4th quarter worth approximately $30,000. PayPay Securities Corp raised its holdings in Amazon.com by 64.6% in the 2nd quarter. PayPay Securities Corp now owns 163 shares of the e-commerce giant’s stock valued at $32,000 after acquiring an additional 64 shares in the last quarter. Strid Group LLC acquired a new stake in shares of Amazon.com during the 4th quarter worth approximately $43,000. Harbor Investment Advisory LLC increased its position in shares of Amazon.com by 0.7% during the fourth quarter. Harbor Investment Advisory LLC now owns 299,959 shares of the e-commerce giant’s stock valued at $46,000 after purchasing an additional 1,988 shares during the period. Finally, Clarity Asset Management Inc. acquired 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.