Amazon.com (AMZN) Sets New 52-Week High and Low at $1,714.50

Amazon.com (NASDAQ:AMZN)’s share price reached a new 52-week high and low on Wednesday . The stock traded as low as $1,714.50 and last traded at $1,700.33, with a volume of 3658598 shares trading hands. The stock had previously closed at $1,696.35.

AMZN has been the topic of several analyst reports. Citigroup raised their target price on Amazon.com to $1,900.00 and gave the company a “buy” rating in a report on Friday, April 27th. Cascend Securities initiated coverage on Amazon.com in a report on Friday, May 4th. They set a “buy” rating and a $1,800.00 target price on the stock. Credit Suisse Group reiterated an “outperform” rating and set a $1,950.00 target price (up from $1,800.00) on shares of Amazon.com in a report on Friday, April 27th. Wells Fargo & Co reiterated a “buy” rating on shares of Amazon.com in a report on Friday, May 4th. Finally, Stifel Nicolaus reiterated a “buy” rating and set a $2,020.00 target price (up from $1,800.00) on shares of Amazon.com in a report on Monday, April 23rd. Two analysts have rated the stock with a hold rating, fifty-one have issued a buy rating and two have assigned a strong buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus price target of $1,707.41.

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The company has a quick ratio of 0.77, a current ratio of 1.06 and a debt-to-equity ratio of 0.78. The stock has a market capitalization of $822.82 billion, a PE ratio of 370.11, a price-to-earnings-growth ratio of 4.41 and a beta of 1.59.

Amazon.com (NASDAQ:AMZN) last announced its quarterly earnings results on Thursday, April 26th. The e-commerce giant reported $3.27 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.80 by $1.47. Amazon.com had a return on equity of 11.77% and a net margin of 2.04%. The company had revenue of $51.04 billion during the quarter, compared to analyst estimates of $49.94 billion. During the same quarter in the previous year, the firm posted $1.48 EPS. The firm’s quarterly revenue was up 42.9% on a year-over-year basis. research analysts expect that Amazon.com will post 12.73 earnings per share for the current year.

In other news, CEO Jeffrey A. Wilke sold 1,230 shares of the business’s stock in a transaction on Monday, May 21st. The stock was sold at an average price of $1,582.11, for a total value of $1,945,995.30. Following the sale, the chief executive officer now owns 10,000 shares of the company’s stock, valued at approximately $15,821,100. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Jeffrey A. Wilke sold 500 shares of the business’s stock in a transaction on Wednesday, March 21st. The stock was sold at an average price of $1,577.85, for a total value of $788,925.00. Following the completion of the sale, the chief executive officer now directly owns 10,000 shares in the company, valued at approximately $15,778,500. The disclosure for this sale can be found here. Insiders have sold a total of 10,993 shares of company stock valued at $17,357,939 in the last quarter. 16.30% of the stock is currently owned by insiders.

Several institutional investors and hedge funds have recently bought and sold shares of the company. Palladium Partners LLC raised its stake in shares of Amazon.com by 6.9% in the 1st quarter. Palladium Partners LLC now owns 493 shares of the e-commerce giant’s stock worth $714,000 after buying an additional 32 shares in the last quarter. Cim Investment Mangement Inc. raised its position in shares of Amazon.com by 2.1% during the first quarter. Cim Investment Mangement Inc. now owns 1,608 shares of the e-commerce giant’s stock worth $2,327,000 after purchasing an additional 33 shares during the period. American Economic Planning Group Inc. ADV raised its position in shares of Amazon.com by 5.0% during the first quarter. American Economic Planning Group Inc. ADV now owns 720 shares of the e-commerce giant’s stock worth $1,042,000 after purchasing an additional 34 shares during the period. ICONIQ Capital LLC raised its position in shares of Amazon.com by 4.4% during the first quarter. ICONIQ Capital LLC now owns 800 shares of the e-commerce giant’s stock worth $1,158,000 after purchasing an additional 34 shares during the period. Finally, Oxbow Advisors LLC raised its position in shares of Amazon.com by 2.3% during the fourth quarter. Oxbow Advisors LLC now owns 1,555 shares of the e-commerce giant’s stock worth $1,819,000 after purchasing an additional 35 shares during the period. 56.78% of the stock is currently owned by institutional investors.

About Amazon.com

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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