Amazon.com (NASDAQ:AMZN) Trading Up 0.6%

Amazon.com, Inc. (NASDAQ:AMZN)’s stock price shot up 0.6% during trading on Tuesday . The company traded as high as $169.16 and last traded at $167.74. 10,812,192 shares were traded during mid-day trading, a decline of 75% from the average session volume of 43,338,156 shares. The stock had previously closed at $166.80.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on the company. Raymond James upped their target price on Amazon.com from $200.00 to $205.00 and gave the company a “strong-buy” rating in a report on Wednesday, May 1st. JPMorgan Chase & Co. decreased their price objective on shares of Amazon.com from $240.00 to $230.00 and set an “overweight” rating on the stock in a research report on Friday, August 2nd. Monness Crespi & Hardt increased their target price on shares of Amazon.com from $215.00 to $225.00 and gave the company a “buy” rating in a research note on Wednesday, May 1st. Oppenheimer lifted their target price on Amazon.com from $210.00 to $220.00 and gave the stock an “outperform” rating in a research report on Wednesday, May 1st. Finally, TD Cowen raised their price target on Amazon.com from $225.00 to $245.00 and gave the company a “buy” rating in a research note 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 assigned a strong buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Buy” and an average price target of $221.69.

Amazon.com Stock Up 2.1 %

The company has a market capitalization of $1.77 trillion, a price-to-earnings ratio of 46.99, a PEG ratio of 1.32 and a beta of 1.15. The company has a current ratio of 1.07, a quick ratio of 0.87 and a debt-to-equity ratio of 0.27. The firm’s 50-day moving average price is $185.24 and its 200 day moving average price is $180.28.

Insider Buying and Selling

In other news, CEO Douglas J. Herrington sold 3,500 shares of the business’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 value of $662,375.00. Following the sale, the chief executive officer now owns 503,753 shares of the company’s stock, valued at $95,335,255.25. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In other news, insider Jeffrey P. Bezos sold 3,085,116 shares of the company’s stock in a transaction on Friday, July 5th. The shares were sold at an average price of $200.07, for a total value of $617,239,158.12. Following the completion of the sale, the insider now owns 931,925,277 shares of the company’s stock, valued at approximately $186,450,290,169.39. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Douglas J. Herrington sold 3,500 shares of Amazon.com 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 transaction, the chief executive officer now owns 503,753 shares in the company, valued at approximately $95,335,255.25. The disclosure for this sale can be found here. Insiders have sold 6,106,726 shares of company stock worth $1,221,095,028 in the last quarter. Insiders own 10.80% of the company’s stock.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the stock. Thames Capital Management LLC grew its holdings in Amazon.com by 8.9% during the 2nd quarter. Thames Capital Management LLC now owns 78,396 shares of the e-commerce giant’s stock valued at $15,150,000 after buying an additional 6,439 shares in the last quarter. Columbus Hill Capital Management L.P. boosted its holdings in shares of Amazon.com by 3.6% during the 2nd quarter. Columbus Hill Capital Management L.P. now owns 236,345 shares of the e-commerce giant’s stock valued at $45,674,000 after purchasing an additional 8,193 shares during the last quarter. Sei Investments Co. increased its holdings in shares of Amazon.com by 2.7% in the second quarter. Sei Investments Co. now owns 8,004,950 shares of the e-commerce giant’s stock worth $1,546,957,000 after purchasing an additional 209,490 shares during the last quarter. Pacer Advisors Inc. raised its holdings in shares of Amazon.com by 3.0% during the 2nd quarter. Pacer Advisors Inc. now owns 919,276 shares of the e-commerce giant’s stock worth $177,650,000 after acquiring an additional 26,797 shares in the last quarter. Finally, Skandinaviska Enskilda Banken AB publ increased its position in shares of Amazon.com by 1.7% during the 2nd quarter. Skandinaviska Enskilda Banken AB publ now owns 4,995,020 shares of the e-commerce giant’s stock valued at $965,288,000 after purchasing an additional 82,798 shares during the last quarter. 72.20% of the stock is 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.