Amazon.com, Inc. (NASDAQ:AMZN)’s share price fell 0.4% on Thursday . The company traded as low as $185.24 and last traded at $186.08. 8,116,642 shares were traded during trading, a decline of 81% from the average session volume of 41,790,195 shares. The stock had previously closed at $186.89.
Wall Street Analyst Weigh In
AMZN has been the subject of several analyst reports. JMP Securities reiterated a “market outperform” rating and set a $225.00 price objective on shares of Amazon.com in a report on Wednesday, May 1st. Loop Capital increased their price objective on Amazon.com from $215.00 to $225.00 and gave the company a “buy” rating in a report on Monday, May 6th. Wells Fargo & Company increased their price objective on Amazon.com from $217.00 to $234.00 and gave the company an “overweight” rating in a report on Wednesday, May 1st. Raymond James increased their price objective on Amazon.com from $200.00 to $205.00 and gave the company a “strong-buy” rating in a report on Wednesday, May 1st. Finally, Truist Financial increased their price objective on Amazon.com from $216.00 to $220.00 and gave the company a “buy” rating in a report on Wednesday, May 1st. One analyst has rated the stock with a hold rating, forty-three have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, Amazon.com presently has a consensus rating of “Buy” and an average price target of $213.82.
Read Our Latest Report on Amazon.com
Amazon.com Trading Down 0.1 %
The company has a market cap of $1.91 trillion, a PE ratio of 51.45, a price-to-earnings-growth ratio of 1.32 and a beta of 1.14. The company has a quick ratio of 0.87, a current ratio of 1.07 and a debt-to-equity ratio of 0.27. The business has a 50-day simple moving average of $182.92 and a 200-day simple moving average of $170.02.
Amazon.com (NASDAQ:AMZN – Get Free Report) last announced its earnings results on Tuesday, April 30th. The e-commerce giant reported $0.98 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.83 by $0.15. The company had revenue of $143.31 billion for the quarter, compared to analyst estimates of $142.65 billion. Amazon.com had a return on equity of 19.86% and a net margin of 6.38%. The firm’s quarterly revenue was up 12.5% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.31 earnings per share. On average, analysts predict that Amazon.com, Inc. will post 4.72 EPS for the current fiscal year.
Insider Transactions at Amazon.com
In other news, CEO Andrew R. Jassy sold 20,784 shares of the company’s stock in a transaction on Tuesday, May 21st. The stock was sold at an average price of $181.44, for a total transaction of $3,771,048.96. Following the sale, the chief executive officer now owns 2,025,358 shares of the company’s stock, valued at $367,480,955.52. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, CEO Andrew R. Jassy sold 20,784 shares of the company’s stock in a transaction on Tuesday, May 21st. The stock was sold at an average price of $181.44, for a total transaction of $3,771,048.96. Following the sale, the chief executive officer now owns 2,025,358 shares of the company’s stock, valued at $367,480,955.52. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Brian T. Olsavsky sold 14,600 shares of the stock in a transaction on Tuesday, May 21st. The shares were sold at an average price of $182.11, for a total value of $2,658,806.00. Following the completion of the transaction, the chief financial officer now directly owns 49,000 shares in the company, valued at approximately $8,923,390. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 65,838 shares of company stock valued at $11,984,344. 10.80% of the stock is currently owned by company insiders.
Hedge Funds Weigh In On Amazon.com
Large investors have recently bought and sold shares of the stock. Tradewinds LLC. boosted its stake in shares of Amazon.com by 4.6% during the third quarter. Tradewinds LLC. now owns 45,152 shares of the e-commerce giant’s stock worth $5,740,000 after buying an additional 1,975 shares during the period. Callan Capital LLC boosted its stake in shares of Amazon.com by 29.5% during the third quarter. Callan Capital LLC now owns 18,842 shares of the e-commerce giant’s stock worth $2,395,000 after buying an additional 4,288 shares during the period. Childress Capital Advisors LLC boosted its stake in shares of Amazon.com by 279.2% during the third quarter. Childress Capital Advisors LLC now owns 28,335 shares of the e-commerce giant’s stock worth $3,607,000 after buying an additional 20,863 shares during the period. GYL Financial Synergies LLC boosted its stake in shares of Amazon.com by 0.7% during the third quarter. GYL Financial Synergies LLC now owns 167,571 shares of the e-commerce giant’s stock worth $21,302,000 after buying an additional 1,241 shares during the period. Finally, Guidance Point Advisors LLC boosted its stake in shares of Amazon.com by 17.4% during the third quarter. Guidance Point Advisors LLC now owns 1,808 shares of the e-commerce giant’s stock worth $230,000 after buying an additional 268 shares during the period. Institutional investors and hedge funds 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.
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