Amazon.com (NASDAQ:AMZN) Hits New 52-Week High at $200.55

Shares of Amazon.com, Inc. (NASDAQ:AMZN) hit a new 52-week high during mid-day trading on Friday . The company traded as high as $200.55 and last traded at $199.93, with a volume of 12327185 shares traded. The stock had previously closed at $197.59.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on the company. Benchmark restated a “buy” rating and issued a $200.00 target price on shares of Amazon.com in a research note on Wednesday, May 1st. Stifel Nicolaus lifted their price objective on Amazon.com from $224.00 to $228.00 and gave the company a “buy” rating in a research note on Wednesday, May 1st. Needham & Company LLC restated a “buy” rating and issued a $205.00 price target on shares of Amazon.com in a research note on Monday. Loop Capital lifted their price objective on Amazon.com from $215.00 to $225.00 and gave the stock a “buy” rating in a report on Monday, May 6th. Finally, Citigroup lifted their price objective on Amazon.com from $235.00 to $245.00 and gave the stock a “buy” rating in a report on Wednesday, May 1st. One investment analyst has rated the stock with a hold rating, forty-three have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Buy” and a consensus target price of $215.86.

Amazon.com Stock Up 1.3 %

The business has a 50-day moving average price of $185.58 and a two-hundred day moving average price of $174.31. The company has a quick ratio of 0.87, a current ratio of 1.07 and a debt-to-equity ratio of 0.27. The firm has a market cap of $2.08 trillion, a PE ratio of 56.03, a price-to-earnings-growth ratio of 1.41 and a beta of 1.15.

Amazon.com (NASDAQ:AMZN) last posted its quarterly earnings data on Tuesday, April 30th. The e-commerce giant reported $0.98 earnings per share 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 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 was up 12.5% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.31 earnings per share. On average, equities research analysts expect that Amazon.com, Inc. will post 4.72 EPS for the current year.

Insider Buying and Selling

In related news, CEO Douglas J. Herrington sold 3,500 shares of the business’s stock in a transaction on Monday, June 3rd. The shares were sold at an average price of $177.29, for a total transaction of $620,515.00. Following the completion of the transaction, the chief executive officer now owns 523,253 shares in the company, valued at $92,767,524.37. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In other Amazon.com news, CEO Douglas J. Herrington sold 3,500 shares of the company’s stock in a transaction on Monday, June 3rd. The shares were sold at an average price of $177.29, for a total value of $620,515.00. Following the completion of the transaction, the chief executive officer now owns 523,253 shares in the company, valued at $92,767,524.37. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP David Zapolsky sold 4,710 shares of the company’s stock in a transaction on Thursday, June 27th. The shares were sold at an average price of $195.00, for a total transaction of $918,450.00. Following the completion of the transaction, the senior vice president now owns 59,500 shares of the company’s stock, valued at approximately $11,602,500. The disclosure for this sale can be found here. Over the last quarter, insiders sold 69,548 shares of company stock worth $12,774,204. Corporate insiders own 10.80% of the company’s stock.

Institutional Investors Weigh In On Amazon.com

Several hedge funds have recently made changes to their positions in AMZN. Norges Bank acquired a new stake in shares of Amazon.com during the fourth quarter worth about $17,700,551,000. Vanguard Group Inc. raised its holdings in Amazon.com by 4.4% during the third quarter. Vanguard Group Inc. now owns 757,951,795 shares of the e-commerce giant’s stock worth $96,350,832,000 after purchasing an additional 32,038,029 shares in the last quarter. International Assets Investment Management LLC raised its holdings in Amazon.com by 16,029.3% during the fourth quarter. International Assets Investment Management LLC now owns 23,865,216 shares of the e-commerce giant’s stock worth $36,260,810,000 after purchasing an additional 23,717,254 shares in the last quarter. Swedbank AB purchased a new position in Amazon.com during the first quarter worth about $2,239,757,000. Finally, Capital World Investors raised its holdings in Amazon.com by 64.6% during the first quarter. Capital World Investors now owns 29,359,677 shares of the e-commerce giant’s stock worth $5,295,899,000 after purchasing an additional 11,524,463 shares in the last quarter. 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.