Amazon.com (NASDAQ:AMZN) Trading Up 1.3%

Amazon.com, Inc. (NASDAQ:AMZN)'s share price shot up 1.3% during mid-day trading on Thursday . The stock traded as high as $183.81 and last traded at $183.59. 8,560,656 shares were traded during trading, a decline of 80% from the average session volume of 42,278,730 shares. The stock had previously closed at $181.28.

Analysts Set New Price Targets

Several brokerages have issued reports on AMZN. Loop Capital increased their target price on shares of Amazon.com from $215.00 to $225.00 and gave the stock a "buy" rating in a report on Monday, May 6th. DA Davidson reiterated a "buy" rating and set a $235.00 target price on shares of Amazon.com in a report on Thursday, April 18th. Truist Financial increased their target price on shares of Amazon.com from $216.00 to $220.00 and gave the stock a "buy" rating in a report on Wednesday, May 1st. Roth Mkm reiterated a "buy" rating and set a $210.00 target price (up from $205.00) on shares of Amazon.com in a report on Wednesday, May 1st. Finally, JMP Securities reissued a "market outperform" rating and set a $225.00 price target on shares of Amazon.com in a research report on Wednesday, May 1st. One investment analyst has rated the stock with a hold rating, forty-four have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of "Buy" and an average price target of $212.40.

Amazon.com Stock Up 2.1 %

The firm has a market cap of $1.93 trillion, a price-to-earnings ratio of 51.82, a PEG ratio of 1.28 and a beta of 1.14. The business's 50 day moving average price is $182.46 and its 200 day moving average price is $168.39. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.87 and a current ratio of 1.07.

Amazon.com (NASDAQ:AMZN - Get Free Report) last issued its quarterly earnings data on Tuesday, April 30th. The e-commerce giant reported $0.98 EPS for the quarter, topping analysts' consensus estimates of $0.83 by $0.15. The business had revenue of $143.31 billion for the quarter, compared to analysts' expectations of $142.65 billion. Amazon.com had a net margin of 6.38% and a return on equity of 19.86%. The business's revenue was up 12.5% on a year-over-year basis. During the same quarter last year, the company earned $0.31 EPS. On average, equities analysts forecast that Amazon.com, Inc. will post 4.72 EPS for the current year.

Insider Activity at Amazon.com

In related news, VP Shelley Reynolds sold 2,700 shares of Amazon.com stock in a transaction on Tuesday, May 21st. The shares were sold at an average price of $181.39, for a total value of $489,753.00. Following the sale, the vice president now owns 119,780 shares of the company's stock, valued at approximately $21,726,894.20. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In other Amazon.com news, VP Shelley Reynolds sold 2,700 shares of Amazon.com stock in a transaction on Tuesday, May 21st. The shares were sold at an average price of $181.39, for a total transaction of $489,753.00. Following the sale, the vice president now owns 119,780 shares of the company's stock, valued at approximately $21,726,894.20. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO Douglas J. Herrington sold 3,500 shares of Amazon.com stock in a transaction on Monday, June 3rd. The stock was sold at an average price of $177.29, for a total transaction of $620,515.00. Following the sale, the chief executive officer now directly owns 523,253 shares in the company, valued at approximately $92,767,524.37. The disclosure for this sale can be found here. In the last quarter, insiders have sold 65,838 shares of company stock valued at $11,984,344. 10.80% of the stock is owned by company insiders.

Institutional Investors Weigh In On Amazon.com

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Cooksen Wealth LLC acquired a new stake in Amazon.com during the 4th quarter worth $30,000. E Fund Management Hong Kong Co. Ltd. raised its holdings in shares of Amazon.com by 45.0% during the 4th quarter. E Fund Management Hong Kong Co. Ltd. now owns 277 shares of the e-commerce giant's stock worth $42,000 after acquiring an additional 86 shares during the period. Strid Group LLC purchased a new position in shares of Amazon.com during the 4th quarter worth $43,000. Clarity Asset Management Inc. purchased a new position in shares of Amazon.com during the 4th quarter worth $46,000. Finally, Steph & Co. purchased a new position in shares of Amazon.com during the 1st quarter worth $65,000. Institutional investors and hedge funds own 72.20% of the company's stock.

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.