Amazon.com, Inc. (NASDAQ:AMZN)'s stock price shot up 1.7% during trading on Friday . The company traded as high as $198.57 and last traded at $197.20. 12,037,390 shares traded hands during mid-day trading, a decline of 69% from the average session volume of 38,236,316 shares. The stock had previously closed at $193.89.
Analysts Set New Price Targets
A number of research firms have commented on AMZN. Raymond James boosted their price target on shares of Amazon.com from $260.00 to $275.00 in a research report on Monday, February 10th. Benchmark upped their target price on shares of Amazon.com from $215.00 to $265.00 and gave the stock a "buy" rating in a research report on Tuesday, February 4th. Piper Sandler reiterated an "overweight" rating and set a $265.00 target price (up from $225.00) on shares of Amazon.com in a research report on Friday, February 7th. Scotiabank upped their target price on shares of Amazon.com from $246.00 to $306.00 and gave the stock a "sector outperform" rating in a research report on Friday, January 24th. Finally, Stifel Nicolaus upped their target price on shares of Amazon.com from $245.00 to $275.00 and gave the stock a "buy" rating in a research report on Friday, February 7th. Two investment 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 stock. According to data from MarketBeat, Amazon.com has a consensus rating of "Moderate Buy" and a consensus target price of $260.65.
Read Our Latest Stock Analysis on AMZN
Amazon.com Trading Up 2.2 %
The business's 50 day moving average price is $222.18 and its 200-day moving average price is $207.10. The company has a current ratio of 1.06, a quick ratio of 0.87 and a debt-to-equity ratio of 0.18. The company has a market cap of $2.10 trillion, a price-to-earnings ratio of 35.82, a PEG ratio of 1.50 and a beta of 1.19.
Amazon.com (NASDAQ:AMZN - Get Free Report) last posted its earnings results on Thursday, February 6th. The e-commerce giant reported $1.86 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.52 by $0.34. Amazon.com had a net margin of 9.29% and a return on equity of 24.25%. On average, equities analysts anticipate that Amazon.com, Inc. will post 6.31 EPS for the current fiscal year.
Insider Buying and Selling
In related news, SVP David Zapolsky sold 19,212 shares of the firm's stock in a transaction dated Monday, February 24th. The shares were sold at an average price of $217.50, for a total transaction of $4,178,610.00. Following the transaction, the senior vice president now directly owns 49,950 shares of the company's stock, valued at approximately $10,864,125. This trade represents a 27.78 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Douglas J. Herrington sold 27,500 shares of the firm's stock in a transaction dated Wednesday, February 12th. The stock was sold at an average price of $230.27, for a total transaction of $6,332,425.00. Following the transaction, the chief executive officer now directly owns 497,067 shares in the company, valued at approximately $114,459,618.09. This represents a 5.24 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 102,298 shares of company stock valued at $22,871,828. 10.80% of the stock is owned by company insiders.
Hedge Funds Weigh In On Amazon.com
Several hedge funds have recently bought and sold shares of the company. Keystone Financial Services LLC bought a new position in Amazon.com in the 4th quarter valued at about $587,000. PKO Investment Management Joint Stock Co bought a new position in Amazon.com in the 4th quarter valued at about $9,214,000. Northstar Financial Companies Inc. bought a new position in Amazon.com in the 4th quarter valued at about $3,658,000. Centaurus Financial Inc. increased its holdings in Amazon.com by 4.6% in the 4th quarter. Centaurus Financial Inc. now owns 185,580 shares of the e-commerce giant's stock valued at $40,714,000 after buying an additional 8,099 shares during the period. Finally, Wealthedge Investment Advisors LLC bought a new position in Amazon.com in the 4th quarter valued at about $5,133,000. 72.20% of the stock is owned by institutional investors.
About Amazon.com
(
Get Free Report)
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.
Further Reading
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.
Before you consider Amazon.com, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Amazon.com wasn't on the list.
While Amazon.com currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Just getting into the stock market? These 10 simple stocks can help beginning investors build long-term wealth without knowing options, technicals, or other advanced strategies.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
