Amazon.com (NASDAQ:AMZN) Shares Up 0.7%

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

Analysts Set New Price Targets

Several equities research analysts have issued reports on AMZN shares. Jefferies Financial Group dropped their target price on shares of Amazon.com from $235.00 to $225.00 and set a “buy” rating for the company in a research report on Friday, August 2nd. Barclays lifted their price objective on shares of Amazon.com from $220.00 to $235.00 and gave the stock an “overweight” rating in a report on Friday, August 2nd. Wedbush restated an “outperform” rating and set a $225.00 price target on shares of Amazon.com in a research report on Friday, August 2nd. Royal Bank of Canada reiterated an “outperform” rating and set a $215.00 price objective on shares of Amazon.com in a research report on Friday, August 2nd. Finally, TD Securities boosted their target price on Amazon.com from $225.00 to $245.00 in a research report on Wednesday, July 10th. One equities research analyst has rated the stock with a hold rating, forty have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Buy” and an average price target of $221.69.

Amazon.com Trading Up 0.1 %

The firm has a market cap of $1.74 trillion, a P/E ratio of 47.10, a P/E/G ratio of 1.32 and a beta of 1.15. The stock has a 50 day simple moving average of $185.48 and a 200-day simple moving average of $180.22. The company has a current ratio of 1.07, a quick ratio of 0.87 and a debt-to-equity ratio of 0.27.

Insider Buying and Selling

In other news, CEO Douglas J. Herrington sold 3,500 shares of Amazon.com stock in a transaction that occurred on Thursday, August 1st. The stock was sold at an average price of $189.25, for a total value of $662,375.00. Following the completion of the transaction, the chief executive officer now owns 503,753 shares in the company, valued at approximately $95,335,255.25. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. In related news, CEO Douglas J. Herrington sold 3,500 shares of Amazon.com stock in a transaction dated Thursday, August 1st. The shares were sold at an average price of $189.25, for a total transaction of $662,375.00. Following the completion of the transaction, the chief executive officer now directly owns 503,753 shares of the company’s stock, valued at approximately $95,335,255.25. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, VP Shelley Reynolds sold 2,700 shares of the stock in a transaction dated Tuesday, May 21st. The stock was sold at an average price of $181.39, for a total transaction of $489,753.00. Following the completion of the sale, the vice president now directly owns 119,780 shares in the company, valued at $21,726,894.20. The disclosure for this sale can be found here. Over the last quarter, insiders sold 6,106,726 shares of company stock worth $1,221,095,028. Corporate insiders own 10.80% of the company’s stock.

Hedge Funds Weigh In On Amazon.com

Large investors have recently bought and sold shares of the business. Soundwatch Capital LLC purchased a new stake in Amazon.com in the 2nd quarter valued at about $367,000. Sienna Gestion boosted its holdings in shares of Amazon.com by 2,598.3% in the second quarter. Sienna Gestion now owns 11,144 shares of the e-commerce giant’s stock valued at $2,153,000 after purchasing an additional 10,731 shares during the period. First Washington CORP grew its stake in Amazon.com by 2.4% in the second quarter. First Washington CORP now owns 35,746 shares of the e-commerce giant’s stock worth $6,908,000 after purchasing an additional 838 shares in the last quarter. Highlander Partners L.P. increased its holdings in Amazon.com by 1.1% during the 2nd quarter. Highlander Partners L.P. now owns 103,000 shares of the e-commerce giant’s stock worth $19,905,000 after purchasing an additional 1,100 shares during the period. Finally, Beck Bode LLC bought a new stake in Amazon.com during the 2nd quarter valued at $651,000. Hedge funds and other institutional investors 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.