Amazon.com (NASDAQ:AMZN) Trading 1.5% Higher – What’s Next?

Amazon.com, Inc. (NASDAQ:AMZN) shares traded up 1.5% during trading on Friday . The stock traded as high as $189.60 and last traded at $189.46. 6,895,022 shares changed hands during mid-day trading, a decline of 83% from the average session volume of 41,568,828 shares. The stock had previously closed at $186.65.

Analysts Set New Price Targets

Several analysts have commented on the stock. Wedbush restated an “outperform” rating and issued a $225.00 price objective on shares of Amazon.com in a report on Friday, August 2nd. Morgan Stanley reaffirmed an “overweight” rating and issued a $210.00 target price on shares of Amazon.com in a research report on Thursday, October 3rd. TD Cowen lifted their target price on shares of Amazon.com from $225.00 to $245.00 and gave the stock a “buy” rating in a research report on Wednesday, July 10th. Sanford C. Bernstein lifted their price target on shares of Amazon.com from $210.00 to $215.00 and gave the stock an “outperform” rating in a research note on Monday, July 22nd. Finally, Scotiabank started coverage on shares of Amazon.com in a research note on Friday. They set a “sector outperform” rating and a $245.00 target price on the stock. Two investment analysts have rated the stock with a hold rating, forty-two have given a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $224.00.

Amazon.com Price Performance

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 company’s fifty day simple moving average is $179.16 and its two-hundred day simple moving average is $183.07. The stock has a market capitalization of $1.99 trillion, a PE ratio of 45.20, a P/E/G ratio of 1.38 and a beta of 1.14.

Amazon.com (NASDAQ:AMZN) last posted its earnings results on Thursday, August 1st. The e-commerce giant reported $1.23 earnings per share for the quarter, beating the consensus estimate of $1.05 by $0.18. Amazon.com had a net margin of 7.35% and a return on equity of 21.39%. The firm had revenue of $147.98 billion during the quarter, compared to the consensus estimate of $148.63 billion. As a group, sell-side analysts predict that Amazon.com, Inc. will post 4.85 EPS for the current year.

Insiders Place Their Bets

In related news, VP Shelley Reynolds sold 3,791 shares of the firm’s stock in a transaction that occurred on Wednesday, August 21st. The shares were sold at an average price of $181.04, for a total value of $686,322.64. Following the sale, the vice president now directly owns 121,461 shares of the company’s stock, valued at approximately $21,989,299.44. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other news, CEO Andrew R. Jassy sold 20,784 shares of Amazon.com stock in a transaction that occurred on Wednesday, August 21st. The shares were sold at an average price of $180.77, for a total transaction of $3,757,123.68. Following the sale, the chief executive officer now owns 2,056,534 shares in the company, valued at $371,759,651.18. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, VP Shelley Reynolds sold 3,791 shares of Amazon.com stock in a transaction that occurred on Wednesday, August 21st. The shares were sold at an average price of $181.04, for a total transaction of $686,322.64. Following the sale, the vice president now owns 121,461 shares in the company, valued at $21,989,299.44. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 54,355 shares of company stock valued at $9,877,423 in the last ninety days. Insiders own 10.80% of the company’s stock.

Institutional Trading of Amazon.com

Hedge funds have recently made changes to their positions in the company. Cooksen Wealth LLC bought a new stake in shares of Amazon.com in the fourth quarter worth $30,000. PayPay Securities Corp increased its stake in shares of Amazon.com by 64.6% in the second quarter. PayPay Securities Corp now owns 163 shares of the e-commerce giant’s stock worth $32,000 after buying an additional 64 shares during the last quarter. Hoese & Co LLP bought a new stake in shares of Amazon.com in the third quarter worth $37,000. Clarity Asset Management Inc. bought a new stake in shares of Amazon.com in the fourth quarter worth $46,000. Finally, Christopher J. Hasenberg Inc increased its stake in shares of 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. Hedge funds and other institutional investors 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.