Shares of Amazon.com, Inc. (NASDAQ:AMZN) traded up 0.2% during mid-day trading on Thursday . The company traded as high as $1,759.23 and last traded at $1,759.08. 4,123,392 shares traded hands during trading, a decline of 51% from the average session volume of 8,391,710 shares. The stock had previously closed at $1,755.49.
AMZN has been the subject of several analyst reports. DA Davidson lifted their price objective on shares of Amazon.com from $2,200.00 to $2,450.00 and gave the stock a “buy” rating in a research note on Wednesday, September 5th. Wells Fargo & Co reaffirmed a “buy” rating and set a $2,300.00 price target on shares of Amazon.com in a report on Monday, October 1st. BidaskClub raised shares of Amazon.com from a “hold” rating to a “buy” rating in a report on Friday, September 28th. Robert W. Baird restated a “buy” rating on shares of Amazon.com in a research report on Monday, September 3rd. Finally, Macquarie restated a “buy” rating and issued a $2,200.00 price target on shares of Amazon.com in a research report on Tuesday, October 2nd. Four equities research analysts have rated the stock with a hold rating and forty-seven have issued a buy rating to the company. Amazon.com has an average rating of “Buy” and an average target price of $2,091.53.
The stock has a market cap of $858.38 billion, a price-to-earnings ratio of 108.03, a PEG ratio of 3.36 and a beta of 1.70. The company has a debt-to-equity ratio of 0.63, a quick ratio of 0.80 and a current ratio of 1.08.
In other Amazon.com news, CEO Jeffrey P. Bezos sold 16,964 shares of the company’s stock in a transaction dated Monday, October 29th. The shares were sold at an average price of $1,632.23, for a total transaction of $27,689,149.72. Following the sale, the chief executive officer now directly owns 78,884,539 shares of the company’s stock, valued at $128,757,711,091.97. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director Patricia Q. Stonesifer sold 1,375 shares of the company’s stock in a transaction dated Friday, November 2nd. The shares were sold at an average price of $1,678.99, for a total transaction of $2,308,611.25. Following the sale, the director now directly owns 9,127 shares in the company, valued at $15,324,141.73. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 36,327 shares of company stock worth $64,744,896. Insiders own 16.30% of the company’s stock.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Guidant Wealth Advisors grew its position in Amazon.com by 657.4% during the second quarter. Guidant Wealth Advisors now owns 409 shares of the e-commerce giant’s stock valued at $100,000 after acquiring an additional 355 shares during the last quarter. Spirit of America Management Corp NY bought a new position in Amazon.com during the third quarter valued at approximately $110,000. Lee Financial Co grew its position in Amazon.com by 154.3% during the first quarter. Lee Financial Co now owns 89 shares of the e-commerce giant’s stock valued at $129,000 after acquiring an additional 54 shares during the last quarter. Point72 Asia Hong Kong Ltd bought a new position in Amazon.com during the first quarter valued at approximately $145,000. Finally, Taylor Hoffman Wealth Management grew its holdings in shares of Amazon.com by 192.3% in the third quarter. Taylor Hoffman Wealth Management now owns 76 shares of the e-commerce giant’s stock worth $152,000 after purchasing an additional 50 shares during the last quarter. 56.59% of the stock is currently owned by institutional investors and hedge funds.
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Amazon.com Company Profile (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 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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