Amazon.com, Inc. (NASDAQ:AMZN)'s share price traded up 0.1% during mid-day trading on Friday . The stock traded as high as $195.74 and last traded at $195.12. 15,302,221 shares traded hands during mid-day trading, a decline of 60% from the average session volume of 38,226,725 shares. The stock had previously closed at $194.95.
Wall Street Analyst Weigh In
A number of equities analysts have recently commented on AMZN shares. Robert W. Baird raised their target price on shares of Amazon.com from $220.00 to $260.00 and gave the stock an "outperform" rating in a research report on Friday, December 13th. Canaccord Genuity Group restated a "buy" rating on shares of Amazon.com in a report on Thursday, February 13th. Phillip Securities cut Amazon.com from a "strong-buy" rating to a "moderate buy" rating in a report on Monday, February 10th. BMO Capital Markets restated an "outperform" rating and set a $236.00 price target on shares of Amazon.com in a research note on Tuesday, December 3rd. Finally, Needham & Company LLC reaffirmed a "buy" rating and issued a $250.00 price objective on shares of Amazon.com in a research note on Friday, February 7th. Two 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 company's stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $260.65.
View Our Latest Stock Report on Amazon.com
Amazon.com Stock Performance
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 firm's fifty day moving average is $218.90 and its 200 day moving average is $208.44. The company has a market cap of $2.14 trillion, a PE ratio of 36.56, a price-to-earnings-growth ratio of 1.50 and a beta of 1.19.
Amazon.com (NASDAQ:AMZN - Get Free Report) last announced its earnings results on Thursday, February 6th. The e-commerce giant reported $1.86 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.52 by $0.34. Amazon.com had a net margin of 9.29% and a return on equity of 24.25%. As a group, research analysts predict that Amazon.com, Inc. will post 6.31 EPS for the current fiscal year.
Insider Buying and Selling at Amazon.com
In related news, SVP David Zapolsky sold 19,212 shares of the business's stock in a transaction that occurred on Monday, February 24th. The stock was sold at an average price of $217.50, for a total transaction of $4,178,610.00. Following the completion of the sale, the senior vice president now directly owns 49,950 shares in the company, valued at approximately $10,864,125. The trade was a 27.78 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Shelley Reynolds sold 8,833 shares of the firm's stock in a transaction on Friday, February 21st. The shares were sold at an average price of $222.47, for a total value of $1,965,077.51. Following the completion of the transaction, the vice president now owns 119,780 shares in the company, valued at $26,647,456.60. The trade was a 6.87 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 102,298 shares of company stock valued at $22,871,828 over the last quarter. 10.80% of the stock is currently owned by insiders.
Institutional Trading of Amazon.com
Large investors have recently bought and sold shares of the business. Norges Bank purchased a new stake in Amazon.com in the 4th quarter valued at $27,266,582,000. International Assets Investment Management LLC grew its holdings in shares of Amazon.com by 20,897.2% in the third quarter. International Assets Investment Management LLC now owns 39,135,449 shares of the e-commerce giant's stock valued at $72,921,080,000 after purchasing an additional 38,949,065 shares during the period. Capital World Investors grew its holdings in shares of Amazon.com by 36.8% in the fourth quarter. Capital World Investors now owns 65,709,496 shares of the e-commerce giant's stock valued at $14,416,078,000 after purchasing an additional 17,681,004 shares during the period. Vanguard Group Inc. raised its stake in Amazon.com by 2.2% during the fourth quarter. Vanguard Group Inc. now owns 823,360,597 shares of the e-commerce giant's stock worth $180,637,081,000 after purchasing an additional 17,635,391 shares during the period. Finally, Proficio Capital Partners LLC boosted its holdings in Amazon.com by 17,054.5% in the 4th quarter. Proficio Capital Partners LLC now owns 12,088,589 shares of the e-commerce giant's stock valued at $2,652,116,000 after purchasing an additional 12,018,120 shares during the last quarter. Hedge funds and other institutional investors own 72.20% of the company's stock.
Amazon.com Company Profile
(
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.
See Also
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
Wondering where to start (or end) with AI stocks? These 10 simple stocks can help investors build long-term wealth as artificial intelligence continues to grow into the future.
Get This Free Report
