Amazon.com (NASDAQ:AMZN) Shares Up 1.6% – What’s Next?

Amazon.com, Inc. (NASDAQ:AMZN)’s stock price was up 1.6% on Tuesday . The company traded as high as $232.45 and last traded at $232.14. Approximately 28,729,593 shares were traded during trading, a decline of 36% from the average daily volume of 44,964,270 shares. The stock had previously closed at $228.43.

Amazon.com News Summary

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

Analysts Set New Price Targets

A number of research firms recently commented on AMZN. Monness Crespi & Hardt upped their price objective on shares of Amazon.com from $275.00 to $300.00 and gave the stock a “buy” rating in a research report on Friday, October 31st. JPMorgan Chase & Co. restated a “buy” rating and issued a $305.00 target price on shares of Amazon.com in a research report on Friday, December 12th. HSBC increased their price target on shares of Amazon.com from $260.00 to $285.00 and gave the stock a “buy” rating in a research report on Friday, October 31st. JMP Securities set a $300.00 price objective on shares of Amazon.com in a research note on Friday, October 31st. Finally, CICC Research upped their target price on Amazon.com from $240.00 to $280.00 and gave the stock an “outperform” rating in a research note on Wednesday, November 5th. Two analysts have rated the stock with a Strong Buy rating, fifty-six have assigned a Buy rating and three have given a Hold rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $295.50.

Get Our Latest Analysis on AMZN

Amazon.com Stock Up 0.0%

The company has a current ratio of 1.01, a quick ratio of 0.80 and a debt-to-equity ratio of 0.14. The company has a market capitalization of $2.48 trillion, a P/E ratio of 32.80, a PEG ratio of 1.60 and a beta of 1.37. The stock has a 50 day moving average price of $230.34 and a 200 day moving average price of $225.97.

Amazon.com (NASDAQ:AMZNGet Free Report) last issued its quarterly earnings data on Thursday, October 30th. The e-commerce giant reported $1.95 earnings per share for the quarter, topping analysts’ consensus estimates of $1.57 by $0.38. The business had revenue of $180.17 billion for the quarter, compared to analyst estimates of $177.53 billion. Amazon.com had a return on equity of 23.62% and a net margin of 11.06%.Amazon.com’s quarterly revenue was up 13.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.43 EPS. On average, research analysts anticipate that Amazon.com, Inc. will post 6.31 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, Director Daniel P. Huttenlocher sold 1,237 shares of the firm’s stock in a transaction that occurred on Thursday, November 20th. The shares were sold at an average price of $226.61, for a total value of $280,316.57. Following the completion of the transaction, the director owned 26,148 shares in the company, valued at $5,925,398.28. This trade represents a 4.52% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Matthew S. Garman sold 17,768 shares of Amazon.com stock in a transaction that occurred on Friday, November 21st. The stock was sold at an average price of $216.90, for a total transaction of $3,853,879.20. Following the sale, the chief executive officer owned 6,273 shares in the company, valued at approximately $1,360,613.70. This represents a 73.91% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 82,234 shares of company stock valued at $19,076,767 over the last three months. Insiders own 9.70% of the company’s stock.

Institutional Trading of Amazon.com

Several institutional investors have recently modified their holdings of the business. Fairway Wealth LLC lifted its stake in shares of Amazon.com by 113.2% in the third quarter. Fairway Wealth LLC now owns 113 shares of the e-commerce giant’s stock worth $25,000 after acquiring an additional 60 shares during the period. Carderock Capital Management Inc. bought a new position in Amazon.com during the 2nd quarter worth approximately $27,000. Sellwood Investment Partners LLC acquired a new position in shares of Amazon.com in the 3rd quarter worth approximately $27,000. Maryland Capital Advisors Inc. boosted its stake in shares of Amazon.com by 81.9% in the 2nd quarter. Maryland Capital Advisors Inc. now owns 211 shares of the e-commerce giant’s stock valued at $46,000 after purchasing an additional 95 shares during the last quarter. Finally, Ryan Investment Management Inc. bought a new stake in shares of Amazon.com in the 2nd quarter valued at $48,000. 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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