Amazon.com (NASDAQ:AMZN) Shares Up 2.5% – Here’s Why

Amazon.com, Inc. (NASDAQ:AMZN) shares shot up 2.5% on Monday . The stock traded as high as $227.33 and last traded at $226.28. 54,010,253 shares were traded during trading, an increase of 19% from the average session volume of 45,428,703 shares. The stock had previously closed at $220.69.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on AMZN. Rothschild Redb cut shares of Amazon.com from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, November 18th. UBS Group set a $310.00 target price on Amazon.com in a research note on Friday, October 31st. Stifel Nicolaus upped their price target on Amazon.com from $269.00 to $295.00 and gave the company a “buy” rating in a research report on Friday, October 31st. Wolfe Research lifted their price objective on Amazon.com from $265.00 to $270.00 in a research report on Tuesday, September 30th. Finally, HSBC upped their target price on Amazon.com from $260.00 to $285.00 and gave the company a “buy” rating in a report on Friday, October 31st. One equities research analyst has rated the stock with a Strong Buy rating, fifty-six have assigned a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $295.78.

Amazon.com Price Performance

The firm has a market cap of $2.45 trillion, a PE ratio of 34.93, a price-to-earnings-growth ratio of 1.52 and a beta of 1.29. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.02 and a quick ratio of 0.81. The firm has a 50-day simple moving average of $227.58 and a 200 day simple moving average of $222.71.

Amazon.com (NASDAQ:AMZN) last released its earnings results on Thursday, October 30th. The e-commerce giant reported $1.95 earnings per share for the quarter, topping analysts’ consensus estimates of $1.57 by $0.38. Amazon.com had a net margin of 10.54% and a return on equity of 23.84%. The firm had revenue of $180.17 billion for the quarter, compared to the consensus estimate of $177.53 billion. During the same period in the prior year, the firm earned $1.43 EPS. The company’s revenue was up 13.4% compared to the same quarter last year. Amazon.com has set its Q4 2025 guidance at EPS. As a group, equities analysts expect that Amazon.com, Inc. will post 6.31 EPS for the current year.

Insider Activity

In other Amazon.com news, CEO Matthew S. Garman sold 17,768 shares of Amazon.com stock in a transaction on Friday, November 21st. The stock was sold at an average price of $216.90, for a total transaction of $3,853,879.20. Following the completion of the transaction, the chief executive officer owned 6,273 shares in the company, valued at approximately $1,360,613.70. The trade was a 73.91% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Daniel P. Huttenlocher sold 1,237 shares of the stock in a transaction on Thursday, November 20th. The stock was sold at an average price of $226.61, for a total value of $280,316.57. Following the completion of the sale, the director directly owned 26,148 shares in the company, valued at approximately $5,925,398.28. This represents a 4.52% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders sold 82,234 shares of company stock valued at $19,052,442. 9.70% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Amazon.com

A number of hedge funds have recently bought and sold shares of AMZN. Fairway Wealth LLC increased its holdings in shares of Amazon.com by 113.2% in the 3rd quarter. Fairway Wealth LLC now owns 113 shares of the e-commerce giant’s stock worth $25,000 after purchasing an additional 60 shares in the last quarter. Sellwood Investment Partners LLC purchased a new stake in shares of Amazon.com during the third quarter valued at $27,000. Carderock Capital Management Inc. bought a new stake in Amazon.com in the 2nd quarter worth about $27,000. Cooksen Wealth LLC purchased a new position in Amazon.com in the 1st quarter worth about $36,000. Finally, Maryland Capital Advisors Inc. lifted its stake in Amazon.com by 81.9% during the 2nd quarter. Maryland Capital Advisors Inc. now owns 211 shares of the e-commerce giant’s stock valued at $46,000 after acquiring an additional 95 shares during the period. Institutional investors 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.