Amazon.com (NASDAQ:AMZN) Trading Up 1.9%

Amazon.com, Inc. (NASDAQ:AMZN) shares rose 1.9% during mid-day trading on Tuesday . The company traded as high as $188.94 and last traded at $188.35. Approximately 7,563,025 shares changed hands during mid-day trading, a decline of 82% from the average daily volume of 41,980,383 shares. The stock had previously closed at $184.89.

Wall Street Analysts Forecast Growth

AMZN has been the subject of a number of research reports. Tigress Financial upped their target price on shares of Amazon.com from $210.00 to $245.00 and gave the company a "buy" rating in a report on Thursday, May 30th. Wells Fargo & Company reduced their price objective on Amazon.com from $232.00 to $225.00 and set an "overweight" rating for the company in a research note on Monday, August 26th. UBS Group lifted their target price on Amazon.com from $217.00 to $224.00 and gave the company a "buy" rating in a research report on Tuesday, July 30th. Robert W. Baird raised their price objective on Amazon.com from $210.00 to $213.00 and gave the stock an "outperform" rating in a research note on Friday, June 21st. Finally, Benchmark reaffirmed a "buy" rating and set a $200.00 price objective on shares of Amazon.com in a research report on Friday, August 2nd. One analyst has rated the stock with a hold rating, forty have given a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of "Buy" and an average price target of $222.49.

Amazon.com Stock Performance

The company has a debt-to-equity ratio of 0.23, a current ratio of 1.10 and a quick ratio of 0.88. The company has a market capitalization of $1.94 trillion, a P/E ratio of 52.35, a P/E/G ratio of 1.39 and a beta of 1.14. The business has a 50-day moving average of $178.97 and a 200-day moving average of $181.80.

Amazon.com (NASDAQ:AMZN - Get Free Report) last released its quarterly earnings results on Thursday, August 1st. The e-commerce giant reported $1.23 EPS for the quarter, topping analysts' consensus estimates of $1.05 by $0.18. The firm had revenue of $147.98 billion during the quarter, compared to analysts' expectations of $148.63 billion. Amazon.com had a net margin of 7.35% and a return on equity of 21.39%. On average, sell-side analysts anticipate that Amazon.com, Inc. will post 4.86 EPS for the current year.

Insider Transactions at Amazon.com

In related news, CEO Andrew R. Jassy sold 20,784 shares of the business's stock in a transaction on Wednesday, August 21st. The stock was sold at an average price of $180.77, for a total transaction of $3,757,123.68. Following the completion of the transaction, the chief executive officer now owns 2,056,534 shares in the company, valued at approximately $371,759,651.18. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. In other news, CEO Douglas J. Herrington sold 3,500 shares of the firm's stock in a transaction that occurred on Monday, July 1st. The shares were sold at an average price of $195.99, for a total transaction of $685,965.00. Following the transaction, the chief executive officer now directly owns 519,753 shares of the company's stock, valued at $101,866,390.47. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CEO Andrew R. Jassy sold 20,784 shares of the business's stock in a transaction that occurred on Wednesday, August 21st. The shares were sold at an average price of $180.77, for a total value of $3,757,123.68. Following the completion of the sale, the chief executive officer now owns 2,056,534 shares of the company's stock, valued at approximately $371,759,651.18. The disclosure for this sale can be found here. Over 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 company insiders.

Institutional Investors Weigh In On Amazon.com

Institutional investors and hedge funds have recently bought and sold shares of the company. Garrison Point Advisors LLC grew its holdings in Amazon.com by 0.3% during the 1st quarter. Garrison Point Advisors LLC now owns 20,375 shares of the e-commerce giant's stock worth $3,675,000 after acquiring an additional 55 shares in the last quarter. Meridian Investment Counsel Inc. boosted its stake in shares of Amazon.com by 1.8% during the second quarter. Meridian Investment Counsel Inc. now owns 3,076 shares of the e-commerce giant's stock valued at $594,000 after purchasing an additional 55 shares in the last quarter. Ridgecrest Wealth Partners LLC boosted its stake in shares of Amazon.com by 0.7% during the first quarter. Ridgecrest Wealth Partners LLC now owns 7,755 shares of the e-commerce giant's stock valued at $1,399,000 after purchasing an additional 56 shares in the last quarter. Stordahl Capital Management Inc. raised its stake in Amazon.com by 2.1% in the first quarter. Stordahl Capital Management Inc. now owns 2,763 shares of the e-commerce giant's stock worth $498,000 after buying an additional 56 shares in the last quarter. Finally, Lutz Financial Services LLC lifted its holdings in Amazon.com by 1.9% during the first quarter. Lutz Financial Services LLC now owns 3,053 shares of the e-commerce giant's stock worth $551,000 after buying an additional 57 shares during the period. 72.20% of the stock is owned by institutional investors.

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.