Amazon.com (NASDAQ:AMZN) Trading Up 0.3%

Amazon.com, Inc. (NASDAQ:AMZN)’s share price was up 0.3% during mid-day trading on Friday . The stock traded as high as $195.58 and last traded at $195.55. Approximately 8,055,811 shares traded hands during mid-day trading, a decline of 81% from the average daily volume of 42,370,527 shares. The stock had previously closed at $195.05.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on AMZN shares. Oppenheimer raised their price objective on shares of Amazon.com from $210.00 to $220.00 and gave the stock an “outperform” rating in a research note on Wednesday, May 1st. BMO Capital Markets lifted their price target on shares of Amazon.com from $215.00 to $220.00 and gave the stock an “outperform” rating in a research note on Wednesday, May 1st. Wedbush reiterated an “outperform” rating and set a $225.00 price target on shares of Amazon.com in a research note on Wednesday, May 1st. Evercore ISI lifted their price target on shares of Amazon.com from $220.00 to $225.00 and gave the stock an “outperform” rating in a research note on Wednesday, May 1st. Finally, Wells Fargo & Company lifted their price target on shares of Amazon.com from $234.00 to $239.00 and gave the stock an “overweight” rating in a research note on Friday, June 28th. One analyst has 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. Based on data from MarketBeat.com, Amazon.com has an average rating of “Buy” and an average price target of $217.38.

Amazon.com Price Performance

The company has a market capitalization of $2.04 trillion, a price-to-earnings ratio of 54.78, a price-to-earnings-growth ratio of 1.43 and a beta of 1.15. The company has a 50-day moving average price of $187.46 and a 200-day moving average price of $175.88. 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) last posted its earnings results on Tuesday, April 30th. The e-commerce giant reported $0.98 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.83 by $0.15. The company had revenue of $143.31 billion during the quarter, compared to analyst estimates of $142.65 billion. Amazon.com had a return on equity of 19.86% and a net margin of 6.38%. The company’s revenue for the quarter was up 12.5% compared to the same quarter last year. During the same period in the previous year, the company earned $0.31 EPS. On average, equities research analysts expect that Amazon.com, Inc. will post 4.72 EPS for the current fiscal year.

Insider Activity at Amazon.com

In related news, CEO Douglas J. Herrington sold 3,500 shares of the stock in a transaction that occurred on Wednesday, May 1st. The stock was sold at an average price of $180.29, for a total transaction of $631,015.00. Following the completion of the sale, the chief executive officer now directly owns 509,358 shares of the company’s stock, valued at approximately $91,832,153.82. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. In related news, CEO Douglas J. Herrington sold 3,500 shares of the stock in a transaction that occurred on Wednesday, May 1st. The stock was sold at an average price of $180.29, for a total transaction of $631,015.00. Following the completion of the sale, the chief executive officer now directly owns 509,358 shares of the company’s stock, valued at approximately $91,832,153.82. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CEO Adam Selipsky sold 500 shares of the stock in a transaction that occurred on Thursday, April 18th. The stock was sold at an average price of $181.38, for a total value of $90,690.00. Following the sale, the chief executive officer now directly owns 130,600 shares of the company’s stock, valued at $23,688,228. The disclosure for this sale can be found here. In the last three months, insiders sold 6,113,490 shares of company stock worth $1,222,340,738. 10.80% of the stock is owned by company insiders.

Hedge Funds Weigh In On Amazon.com

Hedge funds have recently made changes to their positions in the business. Collective Family Office LLC grew its stake in shares of Amazon.com by 9.7% during the 1st quarter. Collective Family Office LLC now owns 9,278 shares of the e-commerce giant’s stock worth $1,674,000 after acquiring an additional 819 shares in the last quarter. Members Trust Co grew its stake in shares of Amazon.com by 8.9% during the 4th quarter. Members Trust Co now owns 4,157 shares of the e-commerce giant’s stock worth $638,000 after acquiring an additional 341 shares in the last quarter. Cherrydale Wealth Management LLC grew its stake in shares of Amazon.com by 14.7% during the 4th quarter. Cherrydale Wealth Management LLC now owns 5,260 shares of the e-commerce giant’s stock worth $799,000 after acquiring an additional 675 shares in the last quarter. Phillips Wealth Planners LLC grew its stake in shares of Amazon.com by 9.2% during the 1st quarter. Phillips Wealth Planners LLC now owns 2,655 shares of the e-commerce giant’s stock worth $487,000 after acquiring an additional 224 shares in the last quarter. Finally, Tompkins Financial Corp grew its stake in shares of Amazon.com by 3.3% during the 4th quarter. Tompkins Financial Corp now owns 71,576 shares of the e-commerce giant’s stock worth $10,875,000 after acquiring an additional 2,273 shares in the last quarter. 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.