Amazon.com (AMZN) Reaches New 12-Month High and Low at $1,719.82

Amazon.com (NASDAQ:AMZN) hit a new 52-week high and low on Thursday . The stock traded as low as $1,719.82 and last traded at $1,718.52, with a volume of 114377 shares changing hands. The stock had previously closed at $1,710.01.

Several equities research analysts have recently weighed in on the company. DA Davidson reiterated a “buy” rating and set a $2,100.00 price target on shares of Amazon.com in a research report on Thursday. Morningstar reiterated a “neutral” rating on shares of Amazon.com in a research report on Wednesday. Macquarie restated a “buy” rating on shares of Amazon.com in a research report on Monday. Morgan Stanley set a $1,700.00 price objective on shares of Amazon.com and gave the stock a “buy” rating in a research report on Saturday, June 9th. Finally, BidaskClub cut shares of Amazon.com from a “strong-buy” rating to a “buy” rating in a research report on Friday, June 8th. Two investment analysts have rated the stock with a hold rating, fifty-two have issued a buy rating and one has assigned a strong buy rating to the stock. Amazon.com has a consensus rating of “Buy” and a consensus target price of $1,715.55.

The company has a quick ratio of 0.77, a current ratio of 1.06 and a debt-to-equity ratio of 0.78. The firm has a market capitalization of $819.61 billion, a PE ratio of 378.87, a price-to-earnings-growth ratio of 4.39 and a beta of 1.59.

Amazon.com (NASDAQ:AMZN) last posted its quarterly earnings data on Thursday, April 26th. The e-commerce giant reported $3.27 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.80 by $1.47. The business had revenue of $51.04 billion during the quarter, compared to the consensus estimate of $49.94 billion. Amazon.com had a return on equity of 11.77% and a net margin of 2.04%. The firm’s quarterly revenue was up 42.9% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.48 earnings per share. equities analysts expect that Amazon.com will post 12.73 earnings per share for the current fiscal year.

In other news, CEO Jeffrey A. Wilke sold 1,230 shares of the firm’s stock in a transaction on Monday, May 21st. The stock was sold at an average price of $1,582.11, for a total transaction of $1,945,995.30. Following the completion of the transaction, the chief executive officer now directly owns 10,000 shares in the company, valued at $15,821,100. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, VP Shelley Reynolds sold 435 shares of the firm’s stock in a transaction on Tuesday, May 15th. The shares were sold at an average price of $1,578.02, for a total value of $686,438.70. Following the transaction, the vice president now owns 6,408 shares of the company’s stock, valued at $10,111,952.16. The disclosure for this sale can be found here. In the last quarter, insiders sold 10,993 shares of company stock valued at $17,357,939. 16.30% of the stock is owned by corporate insiders.

Several large investors have recently modified their holdings of the company. Summit Trail Advisors LLC boosted its position in shares of Amazon.com by 180,406.1% during the first quarter. Summit Trail Advisors LLC now owns 9,848,415 shares of the e-commerce giant’s stock valued at $9,848,000 after buying an additional 9,842,959 shares during the last quarter. Truepoint Inc. boosted its position in shares of Amazon.com by 94,448.7% during the third quarter. Truepoint Inc. now owns 572,965 shares of the e-commerce giant’s stock valued at $573,000 after buying an additional 572,359 shares during the last quarter. Atlantic Trust Group LLC boosted its position in shares of Amazon.com by 55.5% during the third quarter. Atlantic Trust Group LLC now owns 576,450 shares of the e-commerce giant’s stock valued at $554,171,000 after buying an additional 205,677 shares during the last quarter. Suvretta Capital Management LLC purchased a new stake in shares of Amazon.com during the third quarter valued at $191,658,000. Finally, Mackay Shields LLC purchased a new stake in shares of Amazon.com during the first quarter valued at $248,912,000. Hedge funds and other institutional investors own 56.76% of the company’s stock.

About Amazon.com

Amazon.com, Inc engages in the retail sale of consumer products and subscriptions in North America and internationally. The company operates through three segments: North America, International, and Amazon Web Services (AWS) segments. It sells merchandise and content purchased for resale from vendors, as well as those offered by third-party sellers through physical stores and retail Websites, such as amazon.com, amazon.ca, amazon.com.mx, amazon.com.au, amazon.com.br, amazon.cn, amazon.fr, amazon.de, amazon.in, amazon.it, amazon.co.jp, amazon.nl, amazon.es, and amazon.co.uk.

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