Amazon.com (NASDAQ:AMZN) Shares Up 0.8%

Amazon.com, Inc. (NASDAQ:AMZN) shares traded up 0.8% during trading on Monday . The company traded as high as $188.69 and last traded at $187.55. 13,537,758 shares traded hands during trading, a decline of 68% from the average session volume of 42,803,773 shares. The stock had previously closed at $186.13.

Analyst Ratings Changes

A number of brokerages recently issued reports on AMZN. Bank of America raised their price target on Amazon.com from $185.00 to $204.00 and gave the stock a “buy” rating in a research note on Friday, February 2nd. Moffett Nathanson reiterated a “buy” rating and set a $228.00 target price on shares of Amazon.com in a research report on Thursday, April 11th. Truist Financial reissued a “buy” rating and set a $195.00 target price on shares of Amazon.com in a research note on Friday, March 22nd. Monness Crespi & Hardt upped their price target on shares of Amazon.com from $170.00 to $215.00 and gave the stock a “buy” rating in a report on Friday, February 2nd. Finally, Telsey Advisory Group reiterated an “outperform” rating and set a $200.00 price objective on shares of Amazon.com in a report on Wednesday, March 27th. One equities research analyst has rated the stock with a hold rating, forty-three have given a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Buy” and a consensus target price of $201.98.

Amazon.com Stock Performance

The firm has a fifty day moving average of $176.88 and a 200 day moving average of $156.19. The company has a debt-to-equity ratio of 0.29, a current ratio of 1.05 and a quick ratio of 0.84. The stock has a market capitalization of $1.91 trillion, a price-to-earnings ratio of 63.21, a price-to-earnings-growth ratio of 1.62 and a beta of 1.17.

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

Insider Buying and Selling at Amazon.com

In other news, VP Shelley Reynolds sold 3,100 shares of the firm’s stock in a transaction dated Wednesday, February 21st. The stock was sold at an average price of $168.97, for a total transaction of $523,807.00. Following the sale, the vice president now directly owns 119,780 shares in the company, valued at approximately $20,239,226.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In related news, SVP David Zapolsky sold 10,920 shares of the business’s stock in a transaction on Wednesday, February 21st. The shares were sold at an average price of $169.21, for a total value of $1,847,773.20. Following the completion of the sale, the senior vice president now owns 59,100 shares of the company’s stock, valued at approximately $10,000,311. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, VP Shelley Reynolds sold 3,100 shares of the company’s stock in a transaction on Wednesday, February 21st. The stock was sold at an average price of $168.97, for a total transaction of $523,807.00. Following the transaction, the vice president now owns 119,780 shares of the company’s stock, valued at $20,239,226.60. The disclosure for this sale can be found here. Over the last quarter, insiders sold 32,214,010 shares of company stock valued at $5,505,874,846. Corporate insiders own 12.70% of the company’s stock.

Institutional Trading of Amazon.com

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Meridian Investment Counsel Inc. increased its position in shares of Amazon.com by 3.4% during the first quarter. Meridian Investment Counsel Inc. now owns 151 shares of the e-commerce giant’s stock worth $492,000 after purchasing an additional 5 shares in the last quarter. Alterna Wealth Management Inc. grew its holdings in shares of Amazon.com by 1.8% during the first quarter. Alterna Wealth Management Inc. now owns 289 shares of the e-commerce giant’s stock worth $942,000 after buying an additional 5 shares in the last quarter. Fiduciary Planning LLC grew its holdings in shares of Amazon.com by 1.5% during the first quarter. Fiduciary Planning LLC now owns 349 shares of the e-commerce giant’s stock worth $1,138,000 after buying an additional 5 shares in the last quarter. HBC Financial Services PLLC raised its position in shares of Amazon.com by 0.8% in the first quarter. HBC Financial Services PLLC now owns 616 shares of the e-commerce giant’s stock valued at $1,717,000 after buying an additional 5 shares during the last quarter. Finally, Archetype Wealth Partners boosted its position in Amazon.com by 3.7% during the first quarter. Archetype Wealth Partners now owns 169 shares of the e-commerce giant’s stock worth $552,000 after acquiring an additional 6 shares during the last quarter. 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.