Amazon.com (AMZN) Shares Gap Up to $1,772.36

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.

Amazon.com (NASDAQ:AMZN) last posted its quarterly earnings results on Thursday, October 25th. The e-commerce giant reported $5.75 EPS for the quarter, beating the Zacks’ consensus estimate of $3.29 by $2.46. The business had revenue of $56.58 billion during the quarter, compared to the consensus estimate of $57.05 billion. Amazon.com had a return on equity of 24.35% and a net margin of 4.03%. On average, equities research analysts anticipate that Amazon.com, Inc. will post 19.49 earnings per share for the current fiscal year.

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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