Amazon.com (NASDAQ:AMZN) Trading Up 3.7%

Amazon.com, Inc. (NASDAQ:AMZN) shares rose 3.7% on Monday . The company traded as high as $178.90 and last traded at $178.50. Approximately 43,429,301 shares traded hands during mid-day trading, an increase of 2% from the average daily volume of 42,637,758 shares. The stock had previously closed at $172.12.

Analyst Upgrades and Downgrades

AMZN has been the subject of a number of analyst reports. Piper Sandler cut their price target on Amazon.com from $220.00 to $215.00 and set an "overweight" rating for the company in a research note on Friday, August 2nd. JPMorgan Chase & Co. reduced their target price on shares of Amazon.com from $240.00 to $230.00 and set an "overweight" rating for the company in a research note on Friday, August 2nd. Barclays raised their price target on shares of Amazon.com from $220.00 to $235.00 and gave the company an "overweight" rating in a research report on Friday, August 2nd. Sanford C. Bernstein increased their price objective on shares of Amazon.com from $210.00 to $215.00 and gave the company an "outperform" rating in a research note on Monday, July 22nd. Finally, Roth Mkm upped their target price on Amazon.com from $210.00 to $215.00 and gave the company a "buy" rating in a report on Friday, August 2nd. One equities research analyst has rated the stock with a hold rating, forty have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of "Buy" and an average target price of $221.36.

Amazon.com Trading Up 3.7 %

The stock's 50 day simple moving average is $182.54 and its 200 day simple moving average is $181.21. The firm has a market cap of $1.86 trillion, a PE ratio of 50.00, a PEG ratio of 1.34 and a beta of 1.15. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.88 and a current ratio of 1.10.

Amazon.com (NASDAQ:AMZN - Get Free Report) last announced its earnings results on Thursday, August 1st. The e-commerce giant reported $1.23 earnings per share (EPS) for the quarter, topping 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. On average, sell-side analysts forecast that Amazon.com, Inc. will post 4.86 earnings per share for the current fiscal year.

Insider Activity

In related news, CEO Douglas J. Herrington sold 3,500 shares of the business's stock in a transaction that occurred on Monday, July 1st. The stock was sold at an average price of $195.99, for a total value of $685,965.00. Following the completion of the sale, the chief executive officer now owns 519,753 shares in the company, valued at approximately $101,866,390.47. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In related news, CEO Douglas J. Herrington sold 3,500 shares of Amazon.com stock in a transaction on Monday, July 1st. The shares were sold at an average price of $195.99, for a total value of $685,965.00. Following the transaction, the chief executive officer now owns 519,753 shares in the company, valued at approximately $101,866,390.47. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, SVP David Zapolsky sold 4,710 shares of the company's stock in a transaction dated Thursday, June 27th. The shares were sold at an average price of $195.00, for a total transaction of $918,450.00. Following the sale, the senior vice president now owns 59,500 shares of the company's stock, valued at $11,602,500. The disclosure for this sale can be found here. In the last three months, insiders have sold 6,104,317 shares of company stock worth $1,220,621,322. 10.80% of the stock is currently owned by insiders.

Institutional Trading of Amazon.com

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Vanguard Group Inc. increased its position in shares of Amazon.com by 1.9% in the first quarter. Vanguard Group Inc. now owns 785,811,114 shares of the e-commerce giant's stock valued at $141,744,609,000 after acquiring an additional 14,724,687 shares during the period. Norges Bank bought a new position in Amazon.com during the 4th quarter valued at approximately $17,700,551,000. Capital Research Global Investors lifted its holdings in Amazon.com by 8.5% in the 1st quarter. Capital Research Global Investors now owns 86,982,857 shares of the e-commerce giant's stock worth $15,689,968,000 after buying an additional 6,810,145 shares during the period. Legal & General Group Plc lifted its holdings in Amazon.com by 1.5% in the 2nd quarter. Legal & General Group Plc now owns 69,686,374 shares of the e-commerce giant's stock worth $13,466,933,000 after buying an additional 1,042,177 shares during the period. Finally, Bank of New York Mellon Corp grew its position in shares of Amazon.com by 0.4% in the 2nd quarter. Bank of New York Mellon Corp now owns 67,745,972 shares of the e-commerce giant's stock worth $13,091,909,000 after buying an additional 289,532 shares during the last quarter. Institutional investors 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.