Amazon.com (NASDAQ:AMZN) Stock Price Up 2.7%

Amazon.com, Inc. (NASDAQ:AMZN) shares traded up 2.7% during mid-day trading on Thursday . The company traded as high as $179.88 and last traded at $178.00. 15,488,057 shares changed hands during trading, a decline of 63% from the average session volume of 42,373,551 shares. The stock had previously closed at $173.33.

Wall Street Analyst Weigh In

Several research analysts have weighed in on the company. Barclays upped their target price on Amazon.com from $220.00 to $235.00 and gave the stock an “overweight” rating in a research report on Friday, August 2nd. Jefferies Financial Group dropped their price objective on Amazon.com from $235.00 to $225.00 and set a “buy” rating on the stock in a report on Friday, August 2nd. UBS Group lifted their target price on shares of Amazon.com from $217.00 to $224.00 and gave the company a “buy” rating in a research note on Tuesday, July 30th. Rosenblatt Securities increased their price target on shares of Amazon.com from $220.00 to $221.00 and gave the stock a “buy” rating in a research note on Friday, August 2nd. Finally, The Goldman Sachs Group reduced their price objective on shares of Amazon.com from $250.00 to $230.00 and set a “buy” rating for the company in a research note on Friday, August 2nd. One research analyst has rated the stock with a hold rating, forty have given a buy rating and two have given a strong buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Buy” and an average target price of $222.49.

Amazon.com Price Performance

The stock has a market cap of $1.78 trillion, a price-to-earnings ratio of 48.01, a price-to-earnings-growth ratio of 1.34 and a beta of 1.14. The company has a quick ratio of 0.88, a current ratio of 1.10 and a debt-to-equity ratio of 0.23. The company’s 50-day moving average is $181.10 and its 200-day moving average is $181.19.

Amazon.com (NASDAQ:AMZN) last issued its earnings results on Thursday, August 1st. The e-commerce giant reported $1.23 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.05 by $0.18. The business had revenue of $147.98 billion during the quarter, compared to analysts’ expectations of $148.63 billion. Amazon.com had a return on equity of 21.39% and a net margin of 7.35%. Equities research analysts expect that Amazon.com, Inc. will post 4.86 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, VP Shelley Reynolds sold 3,791 shares of Amazon.com stock in a transaction dated Wednesday, August 21st. The shares were sold at an average price of $181.04, for a total transaction of $686,322.64. Following the completion of the transaction, the vice president now directly owns 121,461 shares of the company’s stock, valued at approximately $21,989,299.44. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other Amazon.com news, SVP David Zapolsky sold 4,710 shares of the business’s stock in a transaction on Thursday, June 27th. The stock was sold at an average price of $195.00, for a total value of $918,450.00. Following the transaction, the senior vice president now owns 59,500 shares of the company’s stock, valued at $11,602,500. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, VP Shelley Reynolds sold 3,791 shares of the firm’s stock in a transaction on Wednesday, August 21st. The shares were sold at an average price of $181.04, for a total value of $686,322.64. Following the completion of the sale, the vice president now owns 121,461 shares of the company’s stock, valued at $21,989,299.44. The disclosure for this sale can be found here. Insiders sold 6,104,317 shares of company stock worth $1,220,621,322 over the last three months. 10.80% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Amazon.com

Hedge funds have recently added to or reduced their stakes in the stock. Vanguard Group Inc. increased its holdings 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 purchasing an additional 14,724,687 shares in the last quarter. Norges Bank bought a new stake in shares of Amazon.com during the fourth quarter worth $17,700,551,000. Capital Research Global Investors boosted its holdings in Amazon.com by 8.5% in the first quarter. Capital Research Global Investors now owns 86,982,857 shares of the e-commerce giant’s stock valued at $15,689,968,000 after acquiring an additional 6,810,145 shares during the last quarter. Legal & General Group Plc boosted its holdings in Amazon.com by 1.5% in the second quarter. Legal & General Group Plc now owns 69,686,374 shares of the e-commerce giant’s stock valued at $13,466,933,000 after acquiring an additional 1,042,177 shares during the last quarter. Finally, Bank of New York Mellon Corp increased its position in Amazon.com by 0.4% in the second 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 purchasing an additional 289,532 shares during the period. Institutional investors own 72.20% of the company’s stock.

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.