Amazon.com (NASDAQ:AMZN) Stock Price Up 1.5% Following Earnings Beat

Amazon.com, Inc. (NASDAQ:AMZN)’s share price rose 1.5% during trading on Wednesday following a stronger than expected earnings report. The stock traded as high as $182.23 and last traded at $177.67. Approximately 36,187,280 shares traded hands during trading, a decline of 17% from the average daily volume of 43,456,793 shares. The stock had previously closed at $175.00.

The e-commerce giant reported $0.98 earnings per share for the quarter, beating analysts’ consensus estimates of $0.83 by $0.15. The company had revenue of $143.31 billion for the quarter, compared to the consensus estimate of $142.65 billion. Amazon.com had a return on equity of 16.61% and a net margin of 5.29%. The company’s quarterly revenue was up 12.5% on a year-over-year basis. During the same period in the previous year, the business earned $0.31 earnings per share.

Analysts Set New Price Targets

Several brokerages have recently commented on AMZN. Maxim Group reduced their target price on Amazon.com from $318.00 to $238.00 and set a “buy” rating on the stock in a report on Wednesday. Piper Sandler boosted their target price on Amazon.com from $205.00 to $220.00 and gave the stock an “overweight” rating in a report on Wednesday. Robert W. Baird boosted their target price on Amazon.com from $205.00 to $210.00 and gave the stock an “outperform” rating in a report on Wednesday. Stifel Nicolaus upped their price objective on Amazon.com from $224.00 to $228.00 and gave the stock a “buy” rating in a report on Wednesday. Finally, Sanford C. Bernstein upped their price objective on Amazon.com from $175.00 to $200.00 and gave the stock 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 given a strong buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Buy” and a consensus price target of $209.58.

Insider Buying and Selling

In other Amazon.com news, CEO Adam Selipsky sold 500 shares of the company’s stock in a transaction on Thursday, February 1st. The shares were sold at an average price of $155.72, for a total transaction of $77,860.00. Following the sale, the chief executive officer now owns 116,560 shares of the company’s stock, valued at $18,150,723.20. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other Amazon.com news, VP Shelley Reynolds sold 3,100 shares of the company’s stock in a transaction on Wednesday, February 21st. The shares were sold at an average price of $168.97, for a total transaction of $523,807.00. Following the sale, the vice president now owns 119,780 shares of the company’s stock, valued at $20,239,226.60. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Adam Selipsky sold 500 shares of the company’s stock in a transaction on Thursday, February 1st. The shares were sold at an average price of $155.72, for a total transaction of $77,860.00. Following the sale, the chief executive officer now directly owns 116,560 shares in the company, valued at approximately $18,150,723.20. The disclosure for this sale can be found here. Insiders have sold a total of 32,214,010 shares of company stock valued at $5,505,889,146 over the last 90 days. 10.30% of the stock is owned by insiders.

Institutional Trading of Amazon.com

Institutional investors have recently bought and sold shares of the company. Cooksen Wealth LLC acquired a new position in shares of Amazon.com during the fourth quarter valued at about $30,000. PayPay Securities Corp raised its holdings 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 valued at $34,000 after purchasing an additional 94 shares during the period. E Fund Management Hong Kong Co. Ltd. raised its holdings 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 purchasing an additional 86 shares during the period. Strid Group LLC acquired a new stake in shares of Amazon.com in the 4th quarter worth about $43,000. Finally, Harbor Investment Advisory LLC raised its holdings in shares of Amazon.com by 0.7% in the 4th quarter. Harbor Investment Advisory LLC now owns 299,959 shares of the e-commerce giant’s stock worth $46,000 after acquiring an additional 1,988 shares during the last quarter. Institutional investors own 72.20% of the company’s stock.

Amazon.com Stock Up 1.5 %

The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.84 and a current ratio of 1.05. The company has a market cap of $1.85 trillion, a price-to-earnings ratio of 61.27, a price-to-earnings-growth ratio of 1.57 and a beta of 1.16. The stock’s fifty day moving average is $178.38 and its two-hundred day moving average is $159.64.

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.