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

Amazon.com, Inc. (NASDAQ:AMZN) shot up 0.3% during trading on Friday . The stock traded as high as $181.70 and last traded at $180.38. 38,051,588 shares were traded during mid-day trading, an increase of 6% from the average session volume of 35,890,528 shares. The stock had previously closed at $179.83.

Analysts Set New Price Targets

Several brokerages recently commented on AMZN. Morgan Stanley raised their price objective on shares of Amazon.com from $185.00 to $200.00 and gave the company an “overweight” rating in a research note on Friday, February 2nd. Wells Fargo & Company raised their price objective on shares of Amazon.com from $197.00 to $211.00 and gave the company an “overweight” rating in a research note on Friday, February 2nd. Truist Financial reiterated a “buy” rating and issued a $195.00 price objective on shares of Amazon.com in a research note on Friday, March 22nd. Needham & Company LLC raised their price objective on shares of Amazon.com from $175.00 to $205.00 and gave the company a “buy” rating in a research note on Friday, February 2nd. Finally, Piper Sandler lifted their target price on shares of Amazon.com from $185.00 to $205.00 and gave the stock an “overweight” rating in a research report on Friday, February 2nd. One research analyst has rated the stock with a hold rating, forty-three have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, Amazon.com presently has a consensus rating of “Buy” and an average target price of $197.95.

Amazon.com Stock Up 0.3 %

The stock has a market capitalization of $1.87 trillion, a price-to-earnings ratio of 62.20, a PEG ratio of 1.57 and a beta of 1.17. The firm’s fifty day moving average is $170.29 and its 200-day moving average is $151.27. The company has a debt-to-equity ratio of 0.29, a current ratio of 1.05 and a quick ratio of 0.84.

Amazon.com (NASDAQ:AMZN) last posted its quarterly earnings results on Thursday, February 1st. The e-commerce giant reported $1.00 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.81 by $0.19. The firm had revenue of $169.96 billion for the quarter, compared to analysts’ expectations of $165.96 billion. Amazon.com had a net margin of 5.29% and a return on equity of 16.61%. The firm’s quarterly revenue was up 13.9% on a year-over-year basis. During the same period in the prior year, the company posted $0.21 earnings per share. On average, sell-side analysts predict that Amazon.com, Inc. will post 4.08 earnings per share for the current year.

Insider Activity at Amazon.com

In related news, VP Shelley Reynolds sold 3,100 shares of the company’s stock in a transaction on Wednesday, February 21st. The shares were sold at an average price of $168.97, for a total value of $523,807.00. Following the sale, the vice president now directly owns 119,780 shares of the company’s stock, valued at $20,239,226.60. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In other Amazon.com news, VP Shelley Reynolds sold 3,100 shares of the business’s stock in a transaction on Wednesday, February 21st. The shares were sold at an average price of $168.97, for a total transaction of $523,807.00. Following the completion of the sale, the vice president now owns 119,780 shares in the company, valued at $20,239,226.60. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CEO Adam Selipsky sold 500 shares of the business’s stock in a transaction on Thursday, January 4th. The shares were sold at an average price of $145.63, for a total transaction of $72,815.00. Following the sale, the chief executive officer now owns 118,560 shares of the company’s stock, valued at approximately $17,265,892.80. The disclosure for this sale can be found here. Insiders have sold 32,210,510 shares of company stock valued at $5,505,223,106 over the last ninety days. Corporate insiders own 12.30% of the company’s stock.

Institutional Trading of Amazon.com

Several institutional investors have recently added to or reduced their stakes in AMZN. State Street Corp grew its position in shares of Amazon.com by 1,869.1% during the second quarter. State Street Corp now owns 326,727,487 shares of the e-commerce giant’s stock worth $34,701,726,000 after acquiring an additional 310,134,486 shares during the last quarter. Price T Rowe Associates Inc. MD grew its position in shares of Amazon.com by 1,838.8% during the second quarter. Price T Rowe Associates Inc. MD now owns 311,971,394 shares of the e-commerce giant’s stock worth $33,134,481,000 after acquiring an additional 295,880,050 shares during the last quarter. FMR LLC grew its position in shares of Amazon.com by 1,792.4% during the second quarter. FMR LLC now owns 286,047,356 shares of the e-commerce giant’s stock worth $30,381,089,000 after acquiring an additional 270,931,640 shares during the last quarter. Norges Bank bought a new position in shares of Amazon.com during the fourth quarter worth about $17,700,551,000. Finally, Moneta Group Investment Advisors LLC grew its position in shares of Amazon.com by 120,235.9% during the fourth quarter. Moneta Group Investment Advisors LLC now owns 116,480,298 shares of the e-commerce giant’s stock worth $9,784,345,000 after acquiring an additional 116,383,502 shares during the last quarter. 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.