Amazon.com (NASDAQ:AMZN) Trading Up 0.6% – What’s Next?

Amazon.com, Inc. (NASDAQ:AMZN) shares shot up 0.6% during mid-day trading on Monday . The stock traded as high as $204.38 and last traded at $203.76. 7,467,206 shares were traded during mid-day trading, a decline of 82% from the average session volume of 41,478,035 shares. The stock had previously closed at $202.61.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on AMZN. Deutsche Bank Aktiengesellschaft boosted their target price on shares of Amazon.com from $225.00 to $232.00 and gave the company a “buy” rating in a research note on Friday, November 1st. Evercore ISI boosted their price target on shares of Amazon.com from $240.00 to $260.00 and gave the stock an “outperform” rating in a report on Friday, November 1st. Pivotal Research began coverage on shares of Amazon.com in a report on Friday, October 11th. They issued a “buy” rating and a $260.00 price target for the company. Wedbush boosted their price target on shares of Amazon.com from $225.00 to $250.00 and gave the stock an “outperform” rating in a report on Friday, November 1st. Finally, Maxim Group boosted their price target on shares of Amazon.com from $251.00 to $260.00 and gave the stock a “buy” rating in a report on Friday, November 1st. Two research analysts have rated the stock with a hold rating, forty have issued a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $235.45.

Amazon.com Stock Up 1.4 %

The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.87 and a current ratio of 1.09. The company has a market cap of $2.15 trillion, a PE ratio of 43.81, a PEG ratio of 1.36 and a beta of 1.14. The firm has a fifty day simple moving average of $192.19 and a 200 day simple moving average of $186.06.

Amazon.com (NASDAQ:AMZN) last released its quarterly earnings data on Thursday, October 31st. The e-commerce giant reported $1.43 earnings per share for the quarter, beating the consensus estimate of $1.14 by $0.29. The business had revenue of $158.88 billion for the quarter, compared to analyst estimates of $157.28 billion. Amazon.com had a return on equity of 22.41% and a net margin of 8.04%. The company’s revenue was up 11.0% compared to the same quarter last year. During the same period in the previous year, the company posted $0.85 EPS. Equities research analysts predict that Amazon.com, Inc. will post 5.27 EPS for the current year.

Insider Buying and Selling

In other Amazon.com news, Director Daniel P. Huttenlocher sold 1,237 shares of the company’s stock in a transaction that occurred on Tuesday, November 19th. The stock was sold at an average price of $199.06, for a total value of $246,237.22. Following the transaction, the director now directly owns 24,912 shares of the company’s stock, valued at $4,958,982.72. This represents a 4.73 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, SVP David Zapolsky sold 2,190 shares of the business’s stock in a transaction that occurred on Tuesday, September 24th. The shares were sold at an average price of $195.00, for a total value of $427,050.00. Following the completion of the sale, the senior vice president now owns 62,420 shares of the company’s stock, valued at $12,171,900. This trade represents a 3.39 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 6,011,423 shares of company stock valued at $1,249,093,896. Corporate insiders own 10.80% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of the business. Unigestion Holding SA grew its stake in shares of Amazon.com by 17.4% in the third quarter. Unigestion Holding SA now owns 19,784 shares of the e-commerce giant’s stock worth $3,686,000 after purchasing an additional 2,928 shares in the last quarter. Second Line Capital LLC lifted its holdings in shares of Amazon.com by 141.1% in the third quarter. Second Line Capital LLC now owns 20,523 shares of the e-commerce giant’s stock valued at $3,824,000 after buying an additional 12,011 shares during the period. TCW Group Inc. lifted its holdings in shares of Amazon.com by 2.0% in the third quarter. TCW Group Inc. now owns 2,358,623 shares of the e-commerce giant’s stock valued at $439,482,000 after buying an additional 46,277 shares during the period. Hohimer Wealth Management LLC lifted its holdings in shares of Amazon.com by 0.5% in the third quarter. Hohimer Wealth Management LLC now owns 37,417 shares of the e-commerce giant’s stock valued at $6,972,000 after buying an additional 188 shares during the period. Finally, Soltis Investment Advisors LLC lifted its holdings in shares of Amazon.com by 2.1% in the third quarter. Soltis Investment Advisors LLC now owns 122,716 shares of the e-commerce giant’s stock valued at $22,866,000 after buying an additional 2,570 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.