Amazon.com (NASDAQ:AMZN) Hits New 12-Month High at $181.70

Amazon.com, Inc. (NASDAQ:AMZN) shares hit a new 52-week high during mid-day trading on Thursday . The company traded as high as $181.70 and last traded at $180.79, with a volume of 10162769 shares traded. The stock had previously closed at $179.83.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on AMZN shares. Mizuho raised their price target on Amazon.com from $220.00 to $230.00 and gave the stock a “buy” rating in a research report on Friday, February 2nd. Robert W. Baird raised their price target on Amazon.com from $185.00 to $205.00 and gave the stock an “outperform” rating in a research report on Friday, February 2nd. Evercore ISI raised their price target on Amazon.com from $195.00 to $220.00 and gave the stock an “outperform” rating in a research report on Friday, February 2nd. Morgan Stanley raised their price target on Amazon.com from $185.00 to $200.00 and gave the stock an “overweight” rating in a research report on Friday, February 2nd. Finally, Royal Bank of Canada raised their price target on Amazon.com from $180.00 to $215.00 and gave the stock an “outperform” rating in a research report on Friday, February 2nd. One analyst has rated the stock with a hold rating, forty-three have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Buy” and an average target price of $197.95.

Amazon.com Stock Up 0.3 %

The business has a 50-day simple moving average of $170.29 and a two-hundred day simple moving average of $151.27. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.84 and a current ratio of 1.05. The company has a market capitalization of $1.87 trillion, a price-to-earnings ratio of 62.27, a PEG ratio of 1.55 and a beta of 1.17.

Amazon.com (NASDAQ:AMZN) last announced its quarterly earnings data on Thursday, February 1st. The e-commerce giant reported $1.00 EPS for the quarter, beating analysts’ consensus estimates of $0.81 by $0.19. The business had revenue of $169.96 billion during the quarter, compared to the consensus estimate of $165.96 billion. Amazon.com had a return on equity of 16.61% and a net margin of 5.29%. The business’s revenue for the quarter was up 13.9% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.21 earnings per share. As a group, equities analysts predict that Amazon.com, Inc. will post 4.08 EPS for the current year.

Insider Activity at Amazon.com

In other Amazon.com news, CEO Adam Selipsky sold 500 shares of the stock in a transaction that occurred on Thursday, January 4th. The stock was sold at an average price of $145.63, for a total transaction of $72,815.00. Following the transaction, the chief executive officer now owns 118,560 shares of the company’s stock, valued at approximately $17,265,892.80. The transaction was disclosed in a document filed with the SEC, which is available at this link. In related news, CEO Adam Selipsky sold 500 shares of the firm’s stock in a transaction that occurred on Thursday, January 4th. The stock was sold at an average price of $145.63, for a total value of $72,815.00. Following the sale, the chief executive officer now directly owns 118,560 shares in the company, valued at approximately $17,265,892.80. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Jonathan Rubinstein sold 5,556 shares of the firm’s stock in a transaction that occurred on Monday, March 4th. The shares were sold at an average price of $180.00, for a total value of $1,000,080.00. Following the completion of the sale, the director now owns 109,664 shares in the company, valued at $19,739,520. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 32,210,510 shares of company stock valued at $5,505,223,106. Insiders own 12.30% of the company’s stock.

Hedge Funds Weigh In On Amazon.com

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Kavar Capital Partners Group LLC boosted its stake in shares of Amazon.com by 7.6% during the 1st quarter. Kavar Capital Partners Group LLC now owns 1,121 shares of the e-commerce giant’s stock worth $3,654,000 after acquiring an additional 79 shares in the last quarter. IFM Investors Pty Ltd boosted its position in shares of Amazon.com by 21.8% in the first quarter. IFM Investors Pty Ltd now owns 72,911 shares of the e-commerce giant’s stock worth $237,686,000 after buying an additional 13,060 shares during the period. Ironwood Wealth Management LLC. boosted its position in shares of Amazon.com by 0.8% in the first quarter. Ironwood Wealth Management LLC. now owns 1,810 shares of the e-commerce giant’s stock worth $5,901,000 after buying an additional 15 shares during the period. Markel Corp raised its holdings in shares of Amazon.com by 0.6% during the first quarter. Markel Corp now owns 99,068 shares of the e-commerce giant’s stock worth $322,956,000 after acquiring an additional 550 shares in the last quarter. Finally, Leelyn Smith LLC raised its holdings in shares of Amazon.com by 24.8% during the first quarter. Leelyn Smith LLC now owns 2,721 shares of the e-commerce giant’s stock worth $8,870,000 after acquiring an additional 540 shares in the last quarter. 72.20% of the stock is owned by institutional investors.

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.