Amazon.com (AMZN) Trading 0.2% Higher

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.

Amazon.com (NASDAQ:AMZN) last released its quarterly earnings data on Thursday, October 25th. The e-commerce giant reported $5.75 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $3.29 by $2.46. The business had revenue of $56.58 billion for the quarter, compared to the consensus estimate of $57.05 billion. Amazon.com had a net margin of 4.03% and a return on equity of 24.35%. On average, equities analysts forecast that Amazon.com, Inc. will post 19.37 earnings per share for the current fiscal year.

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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