Amazon.com, Inc. (NASDAQ:AMZN) rose 2.2% during trading on Tuesday after Moffett Nathanson raised their price target on the stock from $250.00 to $253.00. Moffett Nathanson currently has a buy rating on the stock. Amazon.com traded as high as $213.97 and last traded at $213.12. Approximately 10,803,232 shares traded hands during mid-day trading, a decline of 74% from the average daily volume of 42,021,138 shares. The stock had previously closed at $208.47.
A number of other research analysts also recently commented on the stock. BNP Paribas raised shares of Amazon.com to a “hold” rating in a research report on Wednesday, April 30th. Jefferies Financial Group lowered their price objective on shares of Amazon.com from $250.00 to $240.00 and set a “buy” rating on the stock in a research report on Tuesday, April 22nd. Truist Financial lowered their price objective on shares of Amazon.com from $265.00 to $230.00 and set a “buy” rating on the stock in a research report on Thursday, April 10th. JPMorgan Chase & Co. raised their price objective on shares of Amazon.com from $225.00 to $240.00 and gave the stock an “overweight” rating in a research report on Wednesday, June 4th. Finally, Morgan Stanley lowered their price objective on shares of Amazon.com from $280.00 to $245.00 and set an “overweight” rating on the stock in a research report on Monday, April 14th. Four investment analysts have rated the stock with a hold rating and forty-four have assigned a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $245.64.
Check Out Our Latest Research Report on Amazon.com
Insiders Place Their Bets
Institutional Investors Weigh In On Amazon.com
A number of hedge funds and other institutional investors have recently modified their holdings of AMZN. Norges Bank purchased a new stake in Amazon.com in the fourth quarter valued at approximately $27,266,582,000. Nuveen LLC purchased a new stake in Amazon.com during the first quarter worth approximately $11,674,091,000. GAMMA Investing LLC grew its stake in Amazon.com by 21,420.5% during the first quarter. GAMMA Investing LLC now owns 30,245,061 shares of the e-commerce giant’s stock worth $5,754,425,000 after buying an additional 30,104,520 shares during the period. Capital World Investors grew its stake in Amazon.com by 36.8% during the fourth quarter. Capital World Investors now owns 65,709,496 shares of the e-commerce giant’s stock worth $14,416,078,000 after buying an additional 17,681,004 shares during the period. Finally, Vanguard Group Inc. grew its stake in Amazon.com by 2.2% during the fourth quarter. Vanguard Group Inc. now owns 823,360,597 shares of the e-commerce giant’s stock worth $180,637,081,000 after buying an additional 17,635,391 shares during the period. 72.20% of the stock is currently owned by hedge funds and other institutional investors.
Amazon.com Trading Down 0.4%
The company has a quick ratio of 0.84, a current ratio of 1.05 and a debt-to-equity ratio of 0.17. The firm’s 50 day simple moving average is $200.35 and its 200-day simple moving average is $209.09. The company has a market capitalization of $2.25 trillion, a PE ratio of 34.53, a P/E/G ratio of 1.60 and a beta of 1.33.
Amazon.com (NASDAQ:AMZN – Get Free Report) last released its quarterly earnings data on Thursday, May 1st. The e-commerce giant reported $1.59 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.38 by $0.21. Amazon.com had a net margin of 10.14% and a return on equity of 24.14%. The company had revenue of $155.67 billion during the quarter, compared to the consensus estimate of $154.96 billion. During the same period in the previous year, the firm earned $0.98 earnings per share. Amazon.com’s revenue for the quarter was up 8.6% on a year-over-year basis. As a group, equities research analysts anticipate that Amazon.com, Inc. will post 6.31 EPS for the current year.
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.
See Also
- Five stocks we like better than Amazon.com
- What is a Special Dividend?
- Top 3 Bank Stocks to Watch as Fed Rate Cuts Loom
- How to buy stock: A step-by-step guide for beginners
- Uber and Tesla Surge on Robotaxis, Analyst Touts Texas Rides
- Breakout Stocks: What They Are and How to Identify Them
- ASML Keeps Buying Back Its Own Stock—Chasing Discount and Upside
Receive News & Ratings for Amazon.com Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Amazon.com and related companies with MarketBeat.com's FREE daily email newsletter.