Amazon.com (NASDAQ:AMZN) Hits New 52-Week High at $189.94

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

Wall Street Analyst Weigh In

AMZN has been the topic of a number of research reports. JMP Securities restated a “market outperform” rating and issued a $225.00 price objective on shares of Amazon.com in a report on Wednesday, May 1st. Robert W. Baird increased their price target on shares of Amazon.com from $205.00 to $210.00 and gave the stock an “outperform” rating in a research note on Wednesday, May 1st. Roth Mkm reaffirmed a “buy” rating and issued a $210.00 price objective (up previously from $205.00) on shares of Amazon.com in a research note on Wednesday, May 1st. The Goldman Sachs Group increased their target price on shares of Amazon.com from $220.00 to $225.00 and gave the stock a “buy” rating in a research report on Wednesday, May 1st. Finally, Argus boosted their price target on Amazon.com from $185.00 to $205.00 and gave the stock a “buy” rating in a research report on Thursday, May 2nd. One analyst has rated the stock with a hold rating, forty-four have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, Amazon.com presently has an average rating of “Buy” and a consensus target price of $211.62.

Amazon.com Stock Performance

The firm has a market capitalization of $1.96 trillion, a price-to-earnings ratio of 52.87, a price-to-earnings-growth 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 quick ratio of 0.87 and a current ratio of 1.07.

Amazon.com (NASDAQ:AMZN) last released its quarterly earnings data on Tuesday, April 30th. The e-commerce giant reported $0.98 earnings per share for the quarter, beating analysts’ consensus estimates 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 in the previous year, the business earned $0.31 earnings per share. The company’s quarterly revenue was up 12.5% on a year-over-year basis. Sell-side analysts predict that Amazon.com, Inc. will post 4.67 earnings per share for the current year.

Insider Buying and Selling at Amazon.com

In other Amazon.com news, CEO Adam Selipsky sold 500 shares of Amazon.com stock in a transaction on Thursday, March 21st. The stock was sold at an average price of $180.00, for a total transaction of $90,000.00. Following the completion of the transaction, the chief executive officer now directly owns 132,600 shares of the company’s stock, valued at $23,868,000. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In related news, VP Shelley Reynolds sold 3,100 shares of the stock in a transaction that occurred on Wednesday, February 21st. The stock was sold at an average price of $168.97, for a total transaction of $523,807.00. Following the sale, the vice president now directly owns 119,780 shares in the company, valued at approximately $20,239,226.60. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CEO Adam Selipsky sold 500 shares of the firm’s stock in a transaction on Thursday, March 21st. The shares were sold at an average price of $180.00, for a total value of $90,000.00. Following the sale, the chief executive officer now directly owns 132,600 shares of the company’s stock, valued at $23,868,000. The disclosure for this sale can be found here. Insiders have sold 26,197,961 shares of company stock worth $4,482,244,357 over the last three months. Company insiders own 10.80% of the company’s stock.

Institutional Trading of Amazon.com

Several large investors have recently made changes to their positions in the business. Cooksen Wealth LLC bought a new position in Amazon.com in the 4th quarter worth approximately $30,000. PayPay Securities Corp raised its position in shares of Amazon.com by 54.3% during the third quarter. PayPay Securities Corp now owns 267 shares of the e-commerce giant’s stock worth $34,000 after acquiring an additional 94 shares during the last quarter. E Fund Management Hong Kong Co. Ltd. lifted its stake in shares of Amazon.com by 45.0% during the fourth quarter. E Fund Management Hong Kong Co. Ltd. now owns 277 shares of the e-commerce giant’s stock valued at $42,000 after acquiring an additional 86 shares during the period. Strid Group LLC acquired a new position in shares of Amazon.com during the fourth quarter valued at $43,000. Finally, Clarity Asset Management Inc. bought a new position in Amazon.com in the fourth quarter valued at about $46,000. Institutional investors own 72.20% of the company’s stock.

About Amazon.com

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.