Amazon.com (NASDAQ:AMZN) Stock Price Up 1.2% – Here’s Why

by · The Cerbat Gem

Shares of Amazon.com, Inc. (NASDAQ:AMZN) traded up 1.2% during trading on Tuesday . The company traded as high as $201.74 and last traded at $201.15. 67,968,744 shares were traded during mid-day trading, an increase of 23% from the average session volume of 55,122,160 shares. The stock had previously closed at $198.79.

Trending Headlines about Amazon.com

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

Analyst Ratings Changes

Several analysts have weighed in on the company. Argus reiterated a “buy” rating and set a $325.00 price target on shares of Amazon.com in a research note on Friday, February 6th. Rothschild & Co Redburn set a $230.00 price target on shares of Amazon.com in a report on Wednesday, January 21st. UBS Group set a $311.00 price objective on shares of Amazon.com in a research note on Tuesday, February 3rd. Robert W. Baird set a $285.00 price target on shares of Amazon.com and gave the company an “outperform” rating in a report on Friday, October 31st. Finally, Maxim Group boosted their price objective on Amazon.com from $280.00 to $290.00 and gave the company a “buy” rating in a report on Friday, February 6th. One research analyst has rated the stock with a Strong Buy rating, fifty-three have assigned a Buy rating and four have given a Hold rating to the company. According to data from MarketBeat.com, Amazon.com presently has a consensus rating of “Moderate Buy” and a consensus target price of $287.30.

Read Our Latest Report on AMZN

Amazon.com Stock Performance

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 stock has a market cap of $2.16 trillion, a price-to-earnings ratio of 28.05, a P/E/G ratio of 1.27 and a beta of 1.37. The firm’s 50-day moving average is $230.12 and its two-hundred day moving average is $228.57.

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

Insider Buying and Selling at Amazon.com

In other news, Director Daniel P. Huttenlocher sold 1,237 shares of the business’s stock in a transaction that occurred on Thursday, November 20th. The stock was sold at an average price of $226.61, for a total transaction of $280,316.57. Following the transaction, the director directly owned 26,148 shares in the company, valued at $5,925,398.28. The trade was a 4.52% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Matthew S. Garman sold 17,768 shares of the company’s stock in a transaction on Friday, November 21st. The shares were sold at an average price of $216.90, for a total value of $3,853,879.20. Following the completion of the sale, the chief executive officer owned 6,273 shares of the company’s stock, valued at approximately $1,360,613.70. The trade was a 73.91% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 42,377 shares of company stock worth $9,236,277 in the last quarter. Insiders own 10.80% of the company’s stock.

Institutional Trading of Amazon.com

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Fairway Wealth LLC grew its stake in Amazon.com by 113.2% during the 3rd quarter. Fairway Wealth LLC now owns 113 shares of the e-commerce giant’s stock worth $25,000 after purchasing an additional 60 shares in the last quarter. Sellwood Investment Partners LLC purchased a new stake in Amazon.com during the 3rd quarter worth about $27,000. MilWealth Group LLC boosted its position in shares of Amazon.com by 79.0% during the 4th quarter. MilWealth Group LLC now owns 179 shares of the e-commerce giant’s stock worth $41,000 after acquiring an additional 79 shares in the last quarter. Elkhorn Partners Limited Partnership increased its holdings in shares of Amazon.com by 900.0% in the 4th quarter. Elkhorn Partners Limited Partnership now owns 200 shares of the e-commerce giant’s stock valued at $46,000 after acquiring an additional 180 shares during the last quarter. Finally, Prudent Man Investment Management Inc. raised its position in shares of Amazon.com by 87.7% during the 4th quarter. Prudent Man Investment Management Inc. now owns 229 shares of the e-commerce giant’s stock worth $53,000 after acquiring an additional 107 shares in the last quarter. Hedge funds and other institutional investors own 72.20% of the company’s stock.

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.

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