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

Amazon.com, Inc. (NASDAQ:AMZN) shares reached a new 52-week high on Wednesday . The stock traded as high as $189.94 and last traded at $188.76, with a volume of 34007152 shares traded. The stock had previously closed at $188.70.

Wall Street Analyst Weigh In

A number of analysts recently commented on AMZN shares. Benchmark restated a “buy” rating and set a $200.00 price target on shares of Amazon.com in a research note on Wednesday, May 1st. Roth Mkm reaffirmed a “buy” rating and issued a $210.00 price target (up from $205.00) on shares of Amazon.com in a report on Wednesday, May 1st. Oppenheimer lifted their price target on Amazon.com from $210.00 to $220.00 and gave the company an “outperform” rating in a research report on Wednesday, May 1st. Telsey Advisory Group raised their target price on Amazon.com from $200.00 to $215.00 and gave the stock an “outperform” rating in a research note on Wednesday, May 1st. Finally, Sanford C. Bernstein lifted their target price on Amazon.com from $175.00 to $200.00 and gave the company an “outperform” rating in a report on Friday, February 2nd. One analyst has rated the stock with a hold rating, forty-four have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Buy” and an average target price of $211.62.

Amazon.com Stock Performance

The business has a 50 day moving average price of $179.90 and a two-hundred day moving average price of $161.81. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.87 and a current ratio of 1.07. The company has a market cap of $1.97 trillion, a P/E ratio of 53.08, a price-to-earnings-growth ratio of 1.35 and a beta of 1.15.

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 firm had revenue of $143.31 billion during the quarter, compared to analyst estimates of $142.65 billion. During the same quarter in the prior year, the firm posted $0.31 earnings per share. The business’s quarterly revenue was up 12.5% compared to the same quarter last year. On average, sell-side analysts anticipate that Amazon.com, Inc. will post 4.67 earnings per share for the current year.

Insiders Place Their Bets

In other news, CEO Adam Selipsky sold 500 shares of the company’s stock in a transaction dated Thursday, March 21st. The shares were 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 legal filing with the SEC, which is accessible through this hyperlink. In related news, Director Keith Brian Alexander sold 1,000 shares of Amazon.com stock in a transaction on Monday, May 6th. The shares were sold at an average price of $186.22, for a total value of $186,220.00. Following the sale, the director now owns 4,760 shares in the company, valued at $886,407.20. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Adam Selipsky sold 500 shares of the company’s 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 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 a total of 20,187,979 shares of company stock valued at $3,440,575,337 in the last quarter. Insiders own 10.80% of the company’s stock.

Hedge Funds Weigh In On Amazon.com

Several hedge funds and other institutional investors have recently modified their holdings of AMZN. Kelman Lazarov Inc. boosted its position in Amazon.com by 2.5% during the 1st quarter. Kelman Lazarov Inc. now owns 2,883 shares of the e-commerce giant’s stock valued at $520,000 after acquiring an additional 71 shares in the last quarter. Bright Financial Advisors Inc. bought a new stake in shares of Amazon.com during the first quarter valued at approximately $1,149,000. Motco grew its stake in Amazon.com by 2.3% in the first quarter. Motco now owns 75,688 shares of the e-commerce giant’s stock worth $13,653,000 after purchasing an additional 1,716 shares during the period. Garrison Point Advisors LLC raised its holdings in Amazon.com by 0.3% in the first quarter. Garrison Point Advisors LLC now owns 20,375 shares of the e-commerce giant’s stock worth $3,675,000 after purchasing an additional 55 shares in the last quarter. Finally, Cumberland Partners Ltd lifted its position in Amazon.com by 739.1% during the first quarter. Cumberland Partners Ltd now owns 180,827 shares of the e-commerce giant’s stock valued at $32,618,000 after buying an additional 159,276 shares during the period. Hedge funds and other 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.