Shares of Amazon.com, Inc. (NASDAQ:AMZN) gapped up prior to trading on Tuesday . The stock had previously closed at $1,775.26, but opened at $1,772.36. Amazon.com shares last traded at $1,708.19, with a volume of 4112386 shares trading hands.
A number of brokerages recently weighed in on AMZN. Barclays reiterated a “buy” rating on shares of Amazon.com in a research report on Tuesday. Nomura restated a “buy” rating on shares of Amazon.com in a report on Tuesday. Independent Research restated a “buy” rating on shares of Amazon.com in a report on Wednesday, September 26th. MKM Partners raised their target price on shares of Amazon.com from $1,840.00 to $2,215.00 and gave the stock a “buy” rating in a report on Wednesday, August 22nd. Finally, Citigroup raised their target price on shares of Amazon.com from $2,100.00 to $2,250.00 and gave the stock a “buy” rating in a report on Monday, September 10th. Three research analysts have rated the stock with a hold rating and forty-eight have issued a buy rating to the stock. The company currently has a consensus rating of “Buy” and an average price target of $2,096.01.
The company has a quick ratio of 0.80, a current ratio of 1.08 and a debt-to-equity ratio of 0.63. The firm has a market capitalization of $826.44 billion, a price-to-earnings ratio of 366.68, a price-to-earnings-growth ratio of 3.21 and a beta of 1.70.
In other news, VP Shelley Reynolds sold 437 shares of the business’s stock in a transaction dated Thursday, November 15th. The stock was sold at an average price of $1,573.11, for a total transaction of $687,449.07. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director Daniel P. Huttenlocher sold 181 shares of the business’s stock in a transaction dated Thursday, November 15th. The stock was sold at an average price of $1,579.89, for a total value of $285,960.09. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 27,842 shares of company stock worth $46,521,741. Company insiders own 16.30% of the company’s stock.
Several large investors have recently added to or reduced their stakes in the company. Spirit of America Management Corp NY bought a new stake in Amazon.com in the third quarter valued at approximately $110,000. Taylor Hoffman Wealth Management boosted its holdings in shares of Amazon.com by 192.3% during the 3rd quarter. Taylor Hoffman Wealth Management now owns 76 shares of the e-commerce giant’s stock worth $152,000 after buying an additional 50 shares in the last quarter. Point72 Asia Hong Kong Ltd bought a new position in shares of Amazon.com during the 1st quarter worth approximately $145,000. Capital Investment Services of America Inc. bought a new position in shares of Amazon.com during the 3rd quarter worth approximately $200,000. Finally, Chessman Wealth Strategies RIA bought a new position in shares of Amazon.com during the 3rd quarter worth approximately $200,000. Institutional investors own 55.64% of the company’s stock.
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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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