Amazon.com (NASDAQ:AMZN) Trading Up 2.3%

Amazon.com, Inc. (NASDAQ:AMZN)’s stock price shot up 2.3% on Thursday . The stock traded as high as $190.94 and last traded at $190.68. 9,174,172 shares changed hands during mid-day trading, a decline of 78% from the average session volume of 41,859,887 shares. The stock had previously closed at $186.43.

Analyst Ratings Changes

Several brokerages recently issued reports on AMZN. Truist Financial boosted their target price on shares of Amazon.com from $220.00 to $230.00 and gave the company a “buy” rating in a research report on Monday, July 22nd. Bank of America decreased their target price on Amazon.com from $220.00 to $210.00 and set a “buy” rating on the stock in a report on Friday, August 2nd. Morgan Stanley lowered their target price on Amazon.com from $240.00 to $210.00 and set an “overweight” rating on the stock in a research report on Tuesday, August 6th. Jefferies Financial Group reduced their price target on Amazon.com from $235.00 to $225.00 and set a “buy” rating for the company in a research report on Friday, August 2nd. Finally, Piper Sandler lowered their price objective on Amazon.com from $220.00 to $215.00 and set an “overweight” rating on the stock in a research report on Friday, August 2nd. One analyst has rated the stock with a hold rating, forty have given a buy rating and two have issued a strong buy rating to the company. According to MarketBeat, Amazon.com currently has a consensus rating of “Buy” and a consensus price target of $222.84.

Amazon.com Stock 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 market capitalization of $1.99 trillion, a PE ratio of 53.67, a PEG ratio of 1.39 and a beta of 1.14. The firm’s 50-day simple moving average is $178.54 and its 200-day simple moving average is $181.98.

Amazon.com (NASDAQ:AMZN) last announced its quarterly earnings results on Thursday, August 1st. The e-commerce giant reported $1.23 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.05 by $0.18. The firm had revenue of $147.98 billion during the quarter, compared to analyst estimates of $148.63 billion. Amazon.com had a return on equity of 21.39% and a net margin of 7.35%. On average, research analysts predict that Amazon.com, Inc. will post 4.86 earnings per share for the current year.

Insider Transactions at Amazon.com

In related news, CEO Andrew R. Jassy sold 20,784 shares of Amazon.com stock in a transaction dated Wednesday, August 21st. The stock was sold at an average price of $180.77, for a total value of $3,757,123.68. Following the completion of the sale, the chief executive officer now directly owns 2,056,534 shares in the company, valued at $371,759,651.18. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, VP Shelley Reynolds sold 3,791 shares of the stock in a transaction that occurred on Wednesday, August 21st. The shares were sold at an average price of $181.04, for a total transaction of $686,322.64. Following the transaction, the vice president now directly owns 121,461 shares in the company, valued at $21,989,299.44. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CEO Andrew R. Jassy sold 20,784 shares of the business’s stock in a transaction that occurred on Wednesday, August 21st. The stock was sold at an average price of $180.77, for a total transaction of $3,757,123.68. Following the completion of the transaction, the chief executive officer now directly owns 2,056,534 shares of the company’s stock, valued at approximately $371,759,651.18. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 6,104,317 shares of company stock valued at $1,220,621,322. 10.80% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Norges Bank bought a new position in Amazon.com in the fourth quarter worth about $17,700,551,000. Vanguard Group Inc. lifted its position in Amazon.com by 1.9% during 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 last quarter. 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 holdings 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 worth $5,295,899,000 after purchasing an additional 11,524,463 shares during the last quarter. Finally, Capital Research Global Investors increased its position in shares of Amazon.com by 8.5% during the first quarter. Capital Research Global Investors now owns 86,982,857 shares of the e-commerce giant’s stock worth $15,689,968,000 after purchasing an additional 6,810,145 shares in the last quarter. 72.20% of the stock is currently owned by hedge funds and other institutional investors.

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.