Amazon.com (NASDAQ:AMZN) Stock Price Up 1% - What's Next?

Amazon.com, Inc. (NASDAQ:AMZN) shares shot up 1% during trading on Tuesday . The company traded as high as $182.71 and last traded at $182.63. 7,762,989 shares traded hands during trading, a decline of 81% from the average session volume of 41,801,168 shares. The stock had previously closed at $180.80.

Wall Street Analyst Weigh In

A number of research analysts have recently weighed in on the company. BMO Capital Markets reissued an "outperform" rating and issued a $230.00 price target on shares of Amazon.com in a research note on Thursday, September 19th. Truist Financial increased their target price on Amazon.com from $230.00 to $265.00 and gave the company a "buy" rating in a research note on Monday, September 30th. Wells Fargo & Company lowered Amazon.com from an "overweight" rating to an "equal weight" rating and decreased their target price for the stock from $225.00 to $183.00 in a research report on Monday. Evercore ISI increased their price target on shares of Amazon.com from $225.00 to $240.00 and gave the company an "outperform" rating in a research report on Friday, September 20th. Finally, Royal Bank of Canada restated an "outperform" rating and set a $215.00 price objective on shares of Amazon.com in a report on Friday, August 2nd. Two investment analysts have rated the stock with a hold rating, forty have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $222.67.

Amazon.com Price Performance

The company has a market capitalization of $1.90 trillion, a P/E ratio of 51.06, a price-to-earnings-growth ratio of 1.46 and a beta of 1.14. 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's 50-day moving average price is $179.13 and its two-hundred day moving average price is $183.01.

Amazon.com (NASDAQ:AMZN - Get Free Report) last issued its quarterly earnings data 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 firm had revenue of $147.98 billion during the quarter, compared to the consensus estimate of $148.63 billion. As a group, sell-side analysts expect that Amazon.com, Inc. will post 4.86 EPS for the current year.

Insider Buying and Selling at Amazon.com

In other Amazon.com news, CEO Douglas J. Herrington sold 3,500 shares of Amazon.com stock in a transaction dated Thursday, August 1st. The shares were sold at an average price of $189.25, for a total value of $662,375.00. Following the completion of the sale, the chief executive officer now owns 503,753 shares in the company, valued at $95,335,255.25. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In other Amazon.com news, CEO Douglas J. Herrington sold 3,500 shares of the firm's stock in a transaction on Thursday, August 1st. The stock was sold at an average price of $189.25, for a total transaction of $662,375.00. Following the transaction, the chief executive officer now owns 503,753 shares in the company, valued at $95,335,255.25. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Jeffrey P. Bezos sold 266,396 shares of the company's stock in a transaction on Wednesday, July 10th. The shares were sold at an average price of $200.01, for a total value of $53,281,863.96. Following the sale, the insider now owns 928,433,873 shares of the company's stock, valued at approximately $185,696,058,938.73. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 320,751 shares of company stock valued at $63,159,286 in the last ninety days. 10.80% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Amazon.com

Several hedge funds and other institutional investors have recently made changes to their positions in AMZN. 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 valued at $3,675,000 after buying an additional 55 shares during 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 acquiring an additional 55 shares during the last quarter. Ridgecrest Wealth Partners LLC increased its position in Amazon.com by 0.7% during the 1st quarter. Ridgecrest Wealth Partners LLC now owns 7,755 shares of the e-commerce giant's stock worth $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 1st quarter. Stordahl Capital Management Inc. now owns 2,763 shares of the e-commerce giant's stock valued at $498,000 after purchasing an additional 56 shares during the last quarter. Finally, Lutz Financial Services LLC lifted its holdings in Amazon.com by 1.9% in the 1st quarter. Lutz Financial Services LLC now owns 3,053 shares of the e-commerce giant's stock valued at $551,000 after purchasing an additional 57 shares in the last quarter. 72.20% of the stock is currently owned by institutional investors and hedge funds.

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.