Amazon.com (NASDAQ:AMZN) Hits New 12-Month High at $189.94

Amazon.com, Inc. (NASDAQ:AMZN)’s share price reached a new 52-week high during mid-day trading on Wednesday . The company traded as high as $189.94 and last traded at $188.76, with a volume of 34007152 shares trading hands. The stock had previously closed at $188.70.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on the stock. Roth Mkm reaffirmed a “buy” rating and set a $210.00 price objective (up previously from $205.00) on shares of Amazon.com in a research report on Wednesday, May 1st. Monness Crespi & Hardt lifted their price objective on Amazon.com from $215.00 to $225.00 and gave the company a “buy” rating in a research note on Wednesday, May 1st. Truist Financial increased their target price on Amazon.com from $216.00 to $220.00 and gave the stock a “buy” rating in a research note on Wednesday, May 1st. Evercore ISI lifted their target price on Amazon.com from $220.00 to $225.00 and gave the company an “outperform” rating in a research report on Wednesday, May 1st. Finally, Benchmark reiterated a “buy” rating and set a $200.00 price target on shares of Amazon.com in a research note on Wednesday, May 1st. One research analyst has rated the stock with a hold rating, forty-four have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and a consensus price target of $211.62.

Amazon.com Stock Up 0.0 %

The firm has a market cap of $1.96 trillion, a price-to-earnings ratio of 52.87, a P/E/G ratio of 1.35 and a beta of 1.15. The firm’s 50 day moving average price is $179.60 and its two-hundred day moving average price is $161.63. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.07 and a quick ratio of 0.87.

Amazon.com (NASDAQ:AMZN) last announced its earnings results on Tuesday, April 30th. The e-commerce giant reported $0.98 earnings per share for the quarter, beating the consensus estimate of $0.83 by $0.15. Amazon.com had a return on equity of 19.86% and a net margin of 6.38%. The company had revenue of $143.31 billion for the quarter, compared to the consensus estimate of $142.65 billion. During the same period last year, the business posted $0.31 EPS. The company’s revenue was up 12.5% on a year-over-year basis. As a group, sell-side analysts forecast that Amazon.com, Inc. will post 4.67 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, CEO Douglas J. Herrington sold 14,300 shares of the stock in a transaction dated Monday, February 12th. The shares were sold at an average price of $175.00, for a total transaction of $2,502,500.00. Following the completion of the transaction, the chief executive officer now directly owns 499,831 shares of the company’s stock, valued at $87,470,425. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In other news, CEO Douglas J. Herrington sold 14,300 shares of the company’s stock in a transaction on Monday, February 12th. The shares were sold at an average price of $175.00, for a total transaction of $2,502,500.00. Following the transaction, the chief executive officer now directly owns 499,831 shares of the company’s stock, valued at approximately $87,470,425. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CEO Adam Selipsky sold 500 shares of the firm’s stock in a transaction dated Thursday, April 4th. The shares were sold at an average price of $184.00, for a total transaction of $92,000.00. Following the completion of the sale, the chief executive officer now owns 131,600 shares of the company’s stock, valued at approximately $24,214,400. The disclosure for this sale can be found here. In the last quarter, insiders sold 26,197,961 shares of company stock worth $4,482,244,357. 10.80% of the stock is owned by insiders.

Institutional Investors Weigh In On Amazon.com

A number of institutional investors and hedge funds have recently modified their holdings of AMZN. Cooksen Wealth LLC acquired a new position in shares of Amazon.com in the fourth quarter worth $30,000. PayPay Securities Corp increased its position in Amazon.com by 54.3% during the 3rd quarter. PayPay Securities Corp now owns 267 shares of the e-commerce giant’s stock worth $34,000 after purchasing an additional 94 shares in the last quarter. E Fund Management Hong Kong Co. Ltd. raised its stake in Amazon.com by 45.0% in the 4th quarter. E Fund Management Hong Kong Co. Ltd. now owns 277 shares of the e-commerce giant’s stock valued at $42,000 after purchasing an additional 86 shares during the last quarter. Strid Group LLC purchased a new position in Amazon.com in the 4th quarter valued at about $43,000. Finally, Clarity Asset Management Inc. acquired a new stake in shares of Amazon.com during the 4th quarter worth about $46,000. Institutional investors and hedge funds own 72.20% of the company’s stock.

Amazon.com Company Profile

Amazon.com, Inc engages in the retail sale of consumer products, advertising, and subscriptions service through online and physical stores in North America and internationally. The company operates through three segments: North America, International, and Amazon Web Services (AWS). It also manufactures and sells electronic devices, including Kindle, Fire tablets, Fire TVs, Echo, Ring, Blink, and eero; and develops and produces media content.