Amazon.com (NASDAQ:AMZN) Trading Up 3% - Here's What Happened

Amazon.com, Inc. (NASDAQ:AMZN) traded up 3% during mid-day trading on Monday . The company traded as high as $203.30 and last traded at $202.09. 13,347,183 shares changed hands during mid-day trading, a decline of 65% from the average session volume of 38,346,651 shares. The stock had previously closed at $196.21.

Analysts Set New Price Targets

AMZN has been the subject of several recent research reports. TD Cowen increased their target price on shares of Amazon.com from $240.00 to $265.00 and gave the stock a "buy" rating in a report on Thursday, December 12th. Jefferies Financial Group raised their price objective on Amazon.com from $235.00 to $275.00 and gave the company a "buy" rating in a report on Monday, December 16th. Moffett Nathanson lifted their target price on Amazon.com from $235.00 to $248.00 and gave the company a "buy" rating in a research report on Tuesday, November 26th. Wedbush reissued an "outperform" rating and set a $280.00 price target on shares of Amazon.com in a research report on Friday, February 7th. Finally, Benchmark boosted their price target on Amazon.com from $215.00 to $265.00 and gave the stock a "buy" rating in a research report on Tuesday, February 4th. Two investment analysts have rated the stock with a hold rating, forty-two have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $260.65.

Amazon.com Stock Up 1.2 %

The firm has a 50 day simple moving average of $218.36 and a two-hundred day simple moving average of $208.86. The stock has a market capitalization of $2.18 trillion, a P/E ratio of 37.20, a PEG ratio of 1.50 and a beta of 1.19. The company has a quick ratio of 0.87, a current ratio of 1.06 and a debt-to-equity ratio of 0.18.

Remove Ads

Amazon.com (NASDAQ:AMZN - Get Free Report) last announced its quarterly earnings data on Thursday, February 6th. The e-commerce giant reported $1.86 earnings per share for the quarter, topping the consensus estimate of $1.52 by $0.34. Amazon.com had a return on equity of 24.25% and a net margin of 9.29%. On average, equities research analysts expect that Amazon.com, Inc. will post 6.31 earnings per share for the current year.

Insider Activity

In related news, VP Shelley Reynolds sold 8,833 shares of the firm's stock in a transaction on Friday, February 21st. The stock was sold at an average price of $222.47, for a total transaction of $1,965,077.51. Following the sale, the vice president now owns 119,780 shares of the company's stock, valued at $26,647,456.60. This trade represents a 6.87 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CEO Douglas J. Herrington sold 27,500 shares of the business's stock in a transaction on Wednesday, February 12th. The stock was sold at an average price of $230.27, for a total value of $6,332,425.00. Following the sale, the chief executive officer now owns 497,067 shares in the company, valued at $114,459,618.09. This represents a 5.24 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 102,298 shares of company stock worth $22,871,828. Corporate insiders own 10.80% of the company's stock.

Institutional Investors Weigh In On Amazon.com

Several hedge funds have recently added to or reduced their stakes in the business. Prudent Man Investment Management Inc. acquired a new stake in Amazon.com in the fourth quarter valued at $27,000. Accordant Advisory Group Inc grew its position in shares of Amazon.com by 400.0% in the 4th quarter. Accordant Advisory Group Inc now owns 125 shares of the e-commerce giant's stock valued at $27,000 after buying an additional 100 shares during the last quarter. LSV Asset Management acquired a new stake in shares of Amazon.com in the fourth quarter valued at about $35,000. Perritt Capital Management Inc raised its position in shares of Amazon.com by 72.7% during the fourth quarter. Perritt Capital Management Inc now owns 190 shares of the e-commerce giant's stock worth $42,000 after acquiring an additional 80 shares during the last quarter. Finally, Compass Planning Associates Inc acquired a new position in shares of Amazon.com in the fourth quarter worth approximately $51,000. 72.20% of the stock is currently owned by institutional investors and hedge funds.

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.