Amazon.com (NASDAQ:AMZN) Trading 0.1% Higher

Shares of Amazon.com, Inc. (NASDAQ:AMZN) traded up 0.1% during trading on Friday . The stock traded as high as $1,874.68 and last traded at $1,872.28. 107,897 shares were traded during trading, a decline of 97% from the average session volume of 4,141,414 shares. The stock had previously closed at $1,870.30.

AMZN has been the subject of several research reports. JPMorgan Chase & Co. reissued a “buy” rating on shares of Amazon.com in a research report on Monday, April 29th. Zacks Investment Research cut shares of Amazon.com from a “buy” rating to a “hold” rating in a research report on Monday, April 29th. JMP Securities boosted their price objective on shares of Amazon.com from $2,050.00 to $2,275.00 and gave the company an “outperform” rating in a research report on Monday, April 29th. Piper Jaffray Companies boosted their price objective on shares of Amazon.com from $2,070.00 to $2,225.00 and gave the company an “overweight” rating in a research report on Friday, April 26th. Finally, Bank of America boosted their price objective on shares of Amazon.com from $2,100.00 to $2,300.00 and gave the company a “buy” rating in a research report on Friday, April 26th. Five research analysts have rated the stock with a hold rating and forty-three have assigned a buy rating to the stock. The company currently has a consensus rating of “Buy” and an average price target of $2,196.39.

The company has a current ratio of 1.09, a quick ratio of 0.83 and a debt-to-equity ratio of 0.48. The company has a market capitalization of $913.43 billion, a P/E ratio of 92.97, a P/E/G ratio of 2.11 and a beta of 1.62.

Amazon.com (NASDAQ:AMZN) last posted its quarterly earnings data on Thursday, April 25th. The e-commerce giant reported $7.09 EPS for the quarter, topping the consensus estimate of $4.61 by $2.48. The firm had revenue of $59.70 billion during the quarter, compared to analyst estimates of $59.73 billion. Amazon.com had a net margin of 4.97% and a return on equity of 28.91%. Amazon.com’s revenue was up 17.0% on a year-over-year basis. During the same quarter in the previous year, the business posted $3.27 EPS. As a group, equities analysts expect that Amazon.com, Inc. will post 26.55 earnings per share for the current year.

In related news, VP Shelley Reynolds sold 379 shares of the business’s stock in a transaction that occurred on Wednesday, May 15th. The shares were sold at an average price of $1,838.32, for a total transaction of $696,723.28. Following the completion of the transaction, the vice president now owns 6,307 shares in the company, valued at approximately $11,594,284.24. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Jeffrey A. Wilke sold 2,000 shares of the business’s stock in a transaction that occurred on Thursday, March 21st. The stock was sold at an average price of $1,811.14, for a total transaction of $3,622,280.00. Following the transaction, the chief executive officer now owns 10,000 shares of the company’s stock, valued at approximately $18,111,400. The disclosure for this sale can be found here. In the last quarter, insiders have sold 12,932 shares of company stock valued at $24,196,737. 16.10% of the stock is currently owned by company insiders.

A number of institutional investors have recently modified their holdings of the business. Panagora Asset Management Inc. lifted its stake in Amazon.com by 2.3% in the third quarter. Panagora Asset Management Inc. now owns 447,545 shares of the e-commerce giant’s stock worth $896,433,000 after acquiring an additional 10,119 shares during the last quarter. Lodestar Investment Counsel LLC IL increased its stake in shares of Amazon.com by 60.6% during the fourth quarter. Lodestar Investment Counsel LLC IL now owns 959 shares of the e-commerce giant’s stock worth $1,440,000 after purchasing an additional 362 shares during the period. Ingalls & Snyder LLC increased its stake in shares of Amazon.com by 3.5% during the fourth quarter. Ingalls & Snyder LLC now owns 1,726 shares of the e-commerce giant’s stock worth $2,592,000 after purchasing an additional 59 shares during the period. Landmark Bank increased its stake in shares of Amazon.com by 17.5% during the fourth quarter. Landmark Bank now owns 537 shares of the e-commerce giant’s stock worth $807,000 after purchasing an additional 80 shares during the period. Finally, Park National Corp OH increased its stake in shares of Amazon.com by 7.4% during the fourth quarter. Park National Corp OH now owns 1,119 shares of the e-commerce giant’s stock worth $1,681,000 after purchasing an additional 77 shares during the period. Institutional investors and hedge funds own 55.51% of the company’s stock.

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About Amazon.com (NASDAQ:AMZN)

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 third-party sellers through physical stores and online stores.

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