Amazon.com (NASDAQ:AMZN) Stock Price Up 0.4% – What’s Next?

Amazon.com, Inc. (NASDAQ:AMZN)’s share price traded up 0.4% during trading on Thursday . The stock traded as high as $219.97 and last traded at $215.19. 13,908,511 shares changed hands during mid-day trading, a decline of 61% from the average session volume of 35,704,703 shares. The stock had previously closed at $214.35.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on the stock. Wedbush reiterated an “outperform” rating and issued a $280.00 price objective on shares of Amazon.com in a research report on Friday, February 7th. Moffett Nathanson boosted their price objective on shares of Amazon.com from $235.00 to $248.00 and gave the stock a “buy” rating in a research report on Tuesday, November 26th. Cantor Fitzgerald reiterated an “overweight” rating and issued a $270.00 price objective on shares of Amazon.com in a research report on Friday, February 7th. Mizuho boosted their price objective on shares of Amazon.com from $240.00 to $260.00 and gave the stock an “outperform” rating in a research report on Tuesday, December 10th. Finally, Monness Crespi & Hardt boosted their price objective on shares of Amazon.com from $225.00 to $245.00 and gave the stock a “buy” rating in a research report on Friday, November 1st. Two equities research analysts have rated the stock with a hold rating, forty-two have given a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, Amazon.com has a consensus rating of “Moderate Buy” and a consensus price target of $260.65.

Amazon.com Stock Performance

The stock’s 50-day moving average is $226.44 and its 200-day moving average is $205.61. The stock has a market cap of $2.25 trillion, a price-to-earnings ratio of 38.39, a P/E/G ratio of 1.50 and a beta of 1.15. The company has a current ratio of 1.06, a quick ratio of 0.87 and a debt-to-equity ratio of 0.18.

Amazon.com (NASDAQ:AMZN) last released its quarterly earnings results on Thursday, February 6th. The e-commerce giant reported $1.86 earnings per share for the quarter, topping analysts’ consensus estimates of $1.52 by $0.34. Amazon.com had a return on equity of 24.25% and a net margin of 9.29%. On average, analysts expect that Amazon.com, Inc. will post 6.31 EPS for the current year.

Insiders Place Their Bets

In other Amazon.com news, SVP David Zapolsky sold 19,212 shares of the company’s stock in a transaction that occurred on Monday, February 24th. The stock was sold at an average price of $217.50, for a total value of $4,178,610.00. Following the completion of the transaction, the senior vice president now owns 49,950 shares in the company, valued at $10,864,125. This represents a 27.78 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Shelley Reynolds sold 8,833 shares of the company’s stock in a transaction that occurred on Friday, February 21st. The stock was sold at an average price of $222.47, for a total value of $1,965,077.51. Following the completion of the transaction, the vice president now owns 119,780 shares of the company’s stock, valued at approximately $26,647,456.60. This represents a 6.87 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 110,149 shares of company stock worth $24,606,905 in the last 90 days. 10.80% of the stock is owned by company insiders.

Hedge Funds Weigh In On Amazon.com

Institutional investors and hedge funds have recently made changes to their positions in the business. Castlekeep Investment Advisors LLC purchased a new position in shares of Amazon.com during the 4th quarter valued at approximately $25,000. Accordant Advisory Group Inc boosted its stake in shares of Amazon.com by 400.0% during the 4th quarter. Accordant Advisory Group Inc now owns 125 shares of the e-commerce giant’s stock valued at $27,000 after buying an additional 100 shares during the last quarter. Prudent Man Investment Management Inc. purchased a new position in shares of Amazon.com during the 4th quarter valued at approximately $27,000. Icon Wealth Advisors LLC raised its position in shares of Amazon.com by 20.5% during the 3rd quarter. Icon Wealth Advisors LLC now owns 150,661 shares of the e-commerce giant’s stock valued at $28,000 after acquiring an additional 25,581 shares in the last quarter. Finally, LSV Asset Management acquired a new stake in shares of Amazon.com during the 4th quarter valued at approximately $35,000. 72.20% of the stock is currently owned by hedge funds and other 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.