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

Amazon.com, Inc. (NASDAQ:AMZN)’s stock price shot up 1.5% during mid-day trading on Friday . The company 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

A number of brokerages recently issued reports on AMZN. Pivotal Research began coverage on shares of Amazon.com in a research note on Friday. They issued a “buy” rating and a $260.00 price target for the company. Maxim Group lifted their price objective on shares of Amazon.com from $238.00 to $251.00 and gave the stock a “buy” rating in a report on Friday, August 2nd. Benchmark reaffirmed a “buy” rating and issued a $200.00 price objective on shares of Amazon.com in a report on Friday, August 2nd. Robert W. Baird lifted their price objective on shares of Amazon.com from $210.00 to $213.00 and gave the stock an “outperform” rating in a report on Friday, June 21st. Finally, Jefferies Financial Group decreased their price objective on shares of Amazon.com from $235.00 to $225.00 and set a “buy” rating for the company in a report on Friday, August 2nd. Two research analysts have rated the stock with a hold rating, forty-two have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, Amazon.com currently has a consensus rating of “Moderate Buy” and an average target price of $224.00.

Amazon.com Price Performance

The company has a current ratio of 1.10, a quick ratio of 0.88 and a debt-to-equity ratio of 0.23. The company has a 50 day moving average price of $179.16 and a 200 day moving average price of $183.07. The company has a market capitalization of $1.99 trillion, a P/E ratio of 45.20, a P/E/G ratio of 1.38 and a beta of 1.14.

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

Insider Transactions at Amazon.com

In other news, SVP David Zapolsky sold 2,190 shares of the business’s stock in a transaction on Tuesday, September 24th. The stock was sold at an average price of $195.00, for a total transaction of $427,050.00. Following the completion of the transaction, the senior vice president now owns 62,420 shares of the company’s stock, valued at approximately $12,171,900. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other Amazon.com news, VP Shelley Reynolds sold 3,791 shares of the company’s stock in a transaction dated Wednesday, August 21st. The stock was sold at an average price of $181.04, for a total value of $686,322.64. Following the completion of the transaction, the vice president now owns 121,461 shares of the company’s stock, valued at $21,989,299.44. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, SVP David Zapolsky sold 2,190 shares of the company’s stock in a transaction dated Tuesday, September 24th. The stock was sold at an average price of $195.00, for a total value of $427,050.00. Following the completion of the transaction, the senior vice president now directly owns 62,420 shares of the company’s stock, valued at approximately $12,171,900. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 54,355 shares of company stock valued at $9,877,423. Corporate insiders own 10.80% of the company’s stock.

Institutional Investors Weigh In On Amazon.com

A number of institutional investors have recently made changes to their positions in AMZN. Vanguard Group Inc. grew its stake in Amazon.com by 1.9% in the first quarter. Vanguard Group Inc. now owns 785,811,114 shares of the e-commerce giant’s stock valued at $141,744,609,000 after acquiring an additional 14,724,687 shares during the period. Swedbank AB acquired a new stake in Amazon.com in the first quarter valued at approximately $2,239,757,000. Capital World Investors grew its stake in Amazon.com by 64.6% in the first quarter. Capital World Investors now owns 29,359,677 shares of the e-commerce giant’s stock valued at $5,295,899,000 after acquiring an additional 11,524,463 shares during the period. Capital Research Global Investors grew its stake in Amazon.com by 8.5% in the first quarter. Capital Research Global Investors now owns 86,982,857 shares of the e-commerce giant’s stock valued at $15,689,968,000 after acquiring an additional 6,810,145 shares during the period. Finally, Global Assets Advisory LLC grew its stake in Amazon.com by 30,350.2% in the first quarter. Global Assets Advisory LLC now owns 6,531,569 shares of the e-commerce giant’s stock valued at $1,178,164,000 after acquiring an additional 6,510,119 shares during the period. 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.