Amazon.com (AMZN) Shares Gap Up to $1,495.46

Amazon.com, Inc. (NASDAQ:AMZN) shares gapped up prior to trading on Wednesday . The stock had previously closed at $1,447.93, but opened at $1,495.46. Amazon.com shares last traded at $1,516.73, with a volume of 5708572 shares trading hands.

AMZN has been the subject of several analyst reports. Goldman Sachs Group reiterated a “buy” rating on shares of Amazon.com in a report on Thursday, July 26th. KeyCorp reiterated a “hold” rating on shares of Amazon.com in a report on Friday, July 27th. Deutsche Bank reiterated a “buy” rating and issued a $2,300.00 price target on shares of Amazon.com in a report on Friday, July 27th. UBS Group reiterated a “buy” rating and issued a $2,150.00 price target (up from $1,830.00) on shares of Amazon.com in a report on Friday, July 27th. Finally, Monness Crespi & Hardt boosted their price target on Amazon.com from $2,200.00 to $2,300.00 and gave the company a “buy” rating in a report on Friday, July 27th. Three investment analysts have rated the stock with a hold rating and forty-eight have given a buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus target price of $2,085.14.

The firm has a market capitalization of $741.63 billion, a P/E ratio of 330.12, a price-to-earnings-growth ratio of 2.88 and a beta of 1.70. The company has a debt-to-equity ratio of 0.63, a current ratio of 1.08 and a quick ratio of 0.80.

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

In other Amazon.com news, VP Shelley Reynolds sold 437 shares of the company’s stock in a transaction dated Thursday, November 15th. The shares were sold at an average price of $1,573.11, for a total value of $687,449.07. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Jeffrey M. Blackburn sold 4,108 shares of the company’s stock in a transaction dated Wednesday, August 29th. The shares were sold at an average price of $1,952.10, for a total transaction of $8,019,226.80. Following the completion of the transaction, the insider now directly owns 42,874 shares of the company’s stock, valued at $83,694,335.40. The disclosure for this sale can be found here. Over the last three months, insiders sold 31,950 shares of company stock valued at $54,540,968. 16.30% of the stock is currently owned by corporate insiders.

A number of large investors have recently bought and sold shares of AMZN. CLS Investments LLC lifted its position in shares of Amazon.com by 1,225.0% during the third quarter. CLS Investments LLC now owns 53 shares of the e-commerce giant’s stock worth $106,000 after purchasing an additional 49 shares during the last quarter. Spirit of America Management Corp NY bought a new position in shares of Amazon.com during the third quarter worth about $110,000. Taylor Hoffman Wealth Management lifted its position in shares of Amazon.com by 192.3% during the third quarter. Taylor Hoffman Wealth Management now owns 76 shares of the e-commerce giant’s stock worth $152,000 after purchasing an additional 50 shares during the last quarter. Lee Financial Co raised its stake in Amazon.com by 154.3% during the first quarter. Lee Financial Co now owns 89 shares of the e-commerce giant’s stock worth $129,000 after acquiring an additional 54 shares during the period. Finally, Lucia Wealth Services LLC raised its stake in Amazon.com by 50.0% during the second quarter. Lucia Wealth Services LLC now owns 90 shares of the e-commerce giant’s stock worth $153,000 after acquiring an additional 30 shares during the period. 56.12% of the stock is owned by institutional investors.

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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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