Amazon.com (NASDAQ:AMZN) Hits New 12-Month High at $181.70

Amazon.com, Inc. (NASDAQ:AMZN) hit a new 52-week high during mid-day trading on Thursday . The company traded as high as $181.70 and last traded at $180.79, with a volume of 10162769 shares. The stock had previously closed at $179.83.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on AMZN. Benchmark boosted their target price on Amazon.com from $175.00 to $200.00 and gave the company a “buy” rating in a report on Friday, February 2nd. DA Davidson boosted their target price on Amazon.com from $195.00 to $200.00 and gave the company a “buy” rating in a report on Friday, February 2nd. JMP Securities boosted their target price on Amazon.com from $175.00 to $225.00 and gave the company an “outperform” rating in a report on Friday, February 2nd. Raymond James boosted their target price on Amazon.com from $185.00 to $200.00 and gave the company a “strong-buy” rating in a report on Friday, February 2nd. Finally, Oppenheimer boosted their target price on Amazon.com from $200.00 to $210.00 and gave the company an “outperform” rating in a report on Friday, February 2nd. One investment analyst has rated the stock with a hold rating, forty-three have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Buy” and an average price target of $197.95.

Amazon.com Stock Performance

The company has a quick ratio of 0.84, a current ratio of 1.05 and a debt-to-equity ratio of 0.29. The stock has a 50 day simple moving average of $170.29 and a 200 day simple moving average of $151.27. The company has a market capitalization of $1.87 trillion, a price-to-earnings ratio of 62.27, a P/E/G ratio of 1.55 and a beta of 1.17.

Amazon.com (NASDAQ:AMZN) last issued its quarterly earnings data on Thursday, February 1st. The e-commerce giant reported $1.00 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.81 by $0.19. The business had revenue of $169.96 billion during the quarter, compared to the consensus estimate of $165.96 billion. Amazon.com had a return on equity of 16.61% and a net margin of 5.29%. The business’s revenue was up 13.9% on a year-over-year basis. During the same period in the previous year, the firm posted $0.21 earnings per share. As a group, analysts anticipate that Amazon.com, Inc. will post 4.08 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, CEO Adam Selipsky sold 500 shares of the business’s stock in a transaction that occurred on Thursday, January 4th. The stock was sold at an average price of $145.63, for a total transaction of $72,815.00. Following the sale, the chief executive officer now owns 118,560 shares of the company’s stock, valued at $17,265,892.80. The sale was disclosed in a filing with the SEC, which is available through the SEC website. In other Amazon.com news, insider Jeffrey P. Bezos sold 2,009,208 shares of Amazon.com stock in a transaction that occurred on Tuesday, February 20th. The shares were sold at an average price of $166.79, for a total transaction of $335,115,802.32. Following the transaction, the insider now directly owns 938,251,817 shares in the company, valued at approximately $156,491,020,557.43. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO Adam Selipsky sold 500 shares of Amazon.com stock in a transaction that occurred on Thursday, January 4th. The stock was sold at an average price of $145.63, for a total transaction of $72,815.00. Following the transaction, the chief executive officer now owns 118,560 shares in the company, valued at $17,265,892.80. The disclosure for this sale can be found here. Insiders have sold a total of 32,210,510 shares of company stock valued at $5,505,223,106 over the last quarter. Corporate insiders own 12.30% of the company’s stock.

Hedge Funds Weigh In On Amazon.com

Several institutional investors and hedge funds have recently modified their holdings of AMZN. Bridgefront Capital LLC bought a new stake in Amazon.com in the first quarter worth $228,000. Krane Funds Advisors LLC lifted its position in Amazon.com by 239.1% during the 1st quarter. Krane Funds Advisors LLC now owns 78 shares of the e-commerce giant’s stock worth $254,000 after acquiring an additional 55 shares during the last quarter. Range Financial Group LLC acquired a new position in Amazon.com during the 1st quarter worth $258,000. My Personal CFO LLC acquired a new position in Amazon.com during the 1st quarter worth $261,000. Finally, Worth Asset Management LLC acquired a new position in Amazon.com during the 1st quarter worth $191,000. 72.20% of the stock is currently owned by hedge funds and other institutional investors.

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.