Amazon.com (NASDAQ:AMZN) Shares Up 2.3% – Here’s What Happened

Amazon.com, Inc. (NASDAQ:AMZN)’s share price shot up 2.3% during trading on Monday . The stock traded as high as $212.80 and last traded at $210.1670. 43,846,400 shares changed hands during trading, a decline of 15% from the average session volume of 51,542,184 shares. The stock had previously closed at $205.37.

Amazon.com News Roundup

Here are the key news stories impacting Amazon.com this week:

Wall Street Analyst Weigh In

Several research analysts have issued reports on AMZN shares. Royal Bank Of Canada reiterated an “outperform” rating and set a $300.00 price objective on shares of Amazon.com in a research note on Friday, February 6th. Zacks Research lowered shares of Amazon.com from a “strong-buy” rating to a “hold” rating in a report on Thursday, January 1st. Telsey Advisory Group reiterated an “outperform” rating and set a $300.00 target price on shares of Amazon.com in a research report on Friday, February 6th. Roth Mkm reissued a “buy” rating and set a $295.00 price target (up from $270.00) on shares of Amazon.com in a report on Monday, January 26th. Finally, Argus restated a “buy” rating and issued a $325.00 price target on shares of Amazon.com in a research report on Friday, February 6th. One analyst has rated the stock with a Strong Buy rating, fifty-three have assigned a Buy rating and four have issued a Hold rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $286.57.

View Our Latest Stock Analysis on Amazon.com

Amazon.com Trading Up 2.3%

The stock has a market cap of $2.26 trillion, a P/E ratio of 29.31, a price-to-earnings-growth ratio of 1.54 and a beta of 1.40. The company has a current ratio of 1.05, a quick ratio of 0.88 and a debt-to-equity ratio of 0.16. The business’s fifty day simple moving average is $219.76 and its 200 day simple moving average is $226.04.

Amazon.com (NASDAQ:AMZNGet Free Report) last announced its earnings results on Thursday, February 5th. The e-commerce giant reported $1.95 earnings per share for the quarter, missing analysts’ consensus estimates of $1.97 by ($0.02). Amazon.com had a return on equity of 21.87% and a net margin of 10.83%.The company had revenue of $213.39 billion during the quarter, compared to the consensus estimate of $211.02 billion. During the same period in the prior year, the firm posted $1.86 earnings per share. The company’s revenue was up 13.6% on a year-over-year basis. As a group, analysts expect that Amazon.com, Inc. will post 6.31 EPS for the current year.

Insider Activity

In other Amazon.com news, SVP David Zapolsky sold 10,649 shares of the company’s stock in a transaction dated Tuesday, February 24th. The shares were sold at an average price of $205.43, for a total transaction of $2,187,624.07. Following the transaction, the senior vice president directly owned 41,190 shares in the company, valued at approximately $8,461,661.70. This represents a 20.54% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Douglas J. Herrington sold 6,835 shares of Amazon.com stock in a transaction that occurred on Monday, February 23rd. The stock was sold at an average price of $205.82, for a total transaction of $1,406,779.70. Following the sale, the chief executive officer owned 522,361 shares of the company’s stock, valued at approximately $107,512,341.02. This represents a 1.29% decrease in their position. The SEC filing for this sale provides additional information. In the last 90 days, insiders have sold 71,686 shares of company stock worth $14,688,739. 10.80% of the stock is owned by company insiders.

Hedge Funds Weigh In On Amazon.com

A number of hedge funds and other institutional investors have recently made changes to their positions in AMZN. Brighton Jones LLC boosted its stake in Amazon.com by 10.9% in the 4th quarter. Brighton Jones LLC now owns 4,036,091 shares of the e-commerce giant’s stock worth $885,478,000 after purchasing an additional 397,007 shares during the period. Revolve Wealth Partners LLC raised its stake in shares of Amazon.com by 4.1% in the 4th quarter. Revolve Wealth Partners LLC now owns 25,045 shares of the e-commerce giant’s stock valued at $5,495,000 after purchasing an additional 986 shares during the period. Bank Pictet & Cie Europe AG lifted its holdings in shares of Amazon.com by 2.8% in the fourth quarter. Bank Pictet & Cie Europe AG now owns 2,016,869 shares of the e-commerce giant’s stock valued at $442,481,000 after purchasing an additional 54,987 shares in the last quarter. Highview Capital Management LLC DE lifted its holdings in shares of Amazon.com by 5.5% in the fourth quarter. Highview Capital Management LLC DE now owns 28,975 shares of the e-commerce giant’s stock valued at $6,357,000 after purchasing an additional 1,518 shares in the last quarter. Finally, Liberty Square Wealth Partners LLC acquired a new position in shares of Amazon.com during the fourth quarter worth about $2,153,000. 72.20% of the stock is owned by institutional investors.

About Amazon.com

(Get Free Report)

Amazon.com, Inc is a diversified technology and retail company best known for its e-commerce marketplace and broad portfolio of consumer and enterprise services. Founded by Jeff Bezos in 1994 and headquartered in Seattle, Washington, the company launched as an online bookseller and expanded into a global retail platform that sells products directly to consumers and provides a marketplace for third-party sellers. Over time Amazon has grown beyond retail into areas including cloud computing, digital media, devices and logistics.

Key businesses and offerings include Amazon’s online marketplace and fulfillment services, the Amazon Prime membership program (which bundles expedited shipping with streaming and other benefits), Amazon Web Services (AWS) which supplies on-demand cloud computing and storage to businesses and public-sector customers, and a range of content and advertising services such as Prime Video and Amazon Advertising.

Further Reading

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