Amazon.com (NASDAQ:AMZN) Trading Up 0.5% – Here’s Why

Amazon.com, Inc. (NASDAQ:AMZN)’s share price traded up 0.5% during mid-day trading on Wednesday . The stock traded as high as $183.83 and last traded at $183.58. 6,479,024 shares were traded during trading, a decline of 84% from the average session volume of 41,715,461 shares. The stock had previously closed at $182.72.

Analysts Set New Price Targets

A number of equities research analysts have recently commented on AMZN shares. Rosenblatt Securities lifted their price objective on Amazon.com from $220.00 to $221.00 and gave the company a “buy” rating in a research report on Friday, August 2nd. Maxim Group increased their price target on shares of Amazon.com from $238.00 to $251.00 and gave the stock a “buy” rating in a research note on Friday, August 2nd. Piper Sandler reduced their target price on Amazon.com from $220.00 to $215.00 and set an “overweight” rating on the stock in a report on Friday, August 2nd. UBS Group increased their target price on shares of Amazon.com from $217.00 to $224.00 and gave the stock a “buy” rating in a research report on Tuesday, July 30th. Finally, Needham & Company LLC reiterated a “buy” rating and set a $210.00 price objective on shares of Amazon.com in a research note on Thursday, September 12th. Two equities research analysts have rated the stock with a hold rating, forty have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $222.67.

Amazon.com Stock Up 1.2 %

The stock has a 50 day simple moving average of $179.15 and a 200 day simple moving average of $183.03. The company has a quick ratio of 0.88, a current ratio of 1.10 and a debt-to-equity ratio of 0.23. The stock has a market cap of $1.92 trillion, a price-to-earnings ratio of 51.66, a PEG ratio of 1.46 and a beta of 1.14.

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

Insider Transactions at Amazon.com

In other news, SVP David Zapolsky sold 2,190 shares of the firm’s stock in a transaction on Tuesday, September 24th. The shares were sold at an average price of $195.00, for a total transaction of $427,050.00. Following the sale, the senior vice president now owns 62,420 shares in the company, valued at approximately $12,171,900. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. In other news, VP Shelley Reynolds sold 3,791 shares of Amazon.com 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 transaction, the vice president now owns 121,461 shares in the company, valued at approximately $21,989,299.44. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP David Zapolsky sold 2,190 shares of the firm’s stock in a transaction that occurred on Tuesday, September 24th. The stock was sold at an average price of $195.00, for a total value of $427,050.00. Following the transaction, the senior vice president now owns 62,420 shares in the company, valued at approximately $12,171,900. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 54,355 shares of company stock valued at $9,877,423 over the last three months. Company insiders own 10.80% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in AMZN. Garrison Point Advisors LLC raised its holdings in shares of Amazon.com by 0.3% during the first quarter. Garrison Point Advisors LLC now owns 20,375 shares of the e-commerce giant’s stock valued at $3,675,000 after acquiring an additional 55 shares in the last quarter. Meridian Investment Counsel Inc. raised its holdings in Amazon.com by 1.8% in the second quarter. Meridian Investment Counsel Inc. now owns 3,076 shares of the e-commerce giant’s stock worth $594,000 after purchasing an additional 55 shares in the last quarter. O Connor Financial Group LLC grew its position in shares of Amazon.com by 2.2% in the 3rd quarter. O Connor Financial Group LLC now owns 2,536 shares of the e-commerce giant’s stock worth $473,000 after buying an additional 55 shares during the period. Ridgecrest Wealth Partners LLC grew its holdings in Amazon.com by 0.7% in the first quarter. Ridgecrest Wealth Partners LLC now owns 7,755 shares of the e-commerce giant’s stock worth $1,399,000 after purchasing an additional 56 shares during the period. Finally, Stordahl Capital Management Inc. lifted its holdings in shares of Amazon.com by 2.1% during the first quarter. Stordahl Capital Management Inc. now owns 2,763 shares of the e-commerce giant’s stock valued at $498,000 after purchasing an additional 56 shares during the last quarter. Institutional investors own 72.20% of the company’s stock.

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.