Amazon.com (NASDAQ:AMZN) Shares Gap Up to $103.81

Posted by Defense World Staff on Apr 23rd, 2023

Amazon.com, Inc. (NASDAQ:AMZN)’s share price gapped up before the market opened on Friday . The stock had previously closed at $103.81, but opened at $106.10. Amazon.com shares last traded at $105.64, with a volume of 13,663,296 shares changing hands.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on AMZN shares. Wells Fargo & Company decreased their price target on shares of Amazon.com from $155.00 to $145.00 in a report on Friday, February 3rd. DA Davidson lifted their price target on shares of Amazon.com from $114.00 to $134.00 and gave the company a “buy” rating in a report on Friday, February 3rd. JPMorgan Chase & Co. decreased their price target on shares of Amazon.com from $142.00 to $135.00 and set an “overweight” rating on the stock in a report on Thursday, March 16th. Wedbush cut their target price on shares of Amazon.com from $140.00 to $125.00 and set an “outperform” rating on the stock in a research report on Friday, February 3rd. Finally, Truist Financial lifted their target price on shares of Amazon.com from $142.00 to $144.00 in a research report on Wednesday, April 12th. Three research analysts have rated the stock with a hold rating and forty-one have issued a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $144.53.

Amazon.com Stock Performance

The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.72 and a current ratio of 0.94. The stock has a market cap of $1.10 trillion, a P/E ratio of -399.09, a price-to-earnings-growth ratio of 3.83 and a beta of 1.26. The company’s 50 day moving average price is $98.35 and its 200-day moving average price is $97.87.

Amazon.com (NASDAQ:AMZN – Get Rating) last posted its earnings results on Thursday, February 2nd. The e-commerce giant reported $0.03 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.15 by ($0.12). Amazon.com had a positive return on equity of 5.33% and a negative net margin of 0.53%. The firm had revenue of $149.20 billion during the quarter, compared to the consensus estimate of $145.72 billion. During the same quarter in the previous year, the company earned $1.39 EPS. The business’s revenue was up 8.6% compared to the same quarter last year. Equities analysts forecast that Amazon.com, Inc. will post 1.49 EPS for the current fiscal year.

Insider Buying and Selling

In related news, CEO Adam Selipsky sold 5,100 shares of the business’s stock in a transaction dated Thursday, February 2nd. The shares were sold at an average price of $111.43, for a total value of $568,293.00. Following the transaction, the chief executive officer now directly owns 124,180 shares of the company’s stock, valued at approximately $13,837,377.40. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. In related news, CEO Adam Selipsky sold 5,100 shares of the business’s stock in a transaction dated Thursday, February 2nd. The shares were sold at an average price of $111.43, for a total value of $568,293.00. Following the transaction, the chief executive officer now directly owns 124,180 shares of the company’s stock, valued at approximately $13,837,377.40. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Andrew R. Jassy sold 23,874 shares of the business’s stock in a transaction dated Wednesday, February 15th. The stock was sold at an average price of $99.15, for a total transaction of $2,367,107.10. Following the completion of the transaction, the chief executive officer now directly owns 1,964,506 shares in the company, valued at $194,780,769.90. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 78,713 shares of company stock valued at $7,739,103. 12.70% of the stock is owned by insiders.

Institutional Investors Weigh In On Amazon.com

Several institutional investors have recently added to or reduced their stakes in AMZN. McElhenny Sheffield Capital Management LLC purchased a new stake in Amazon.com during the fourth quarter valued at about $27,000. St. James Investment Advisors LLC lifted its holdings in shares of Amazon.com by 97.7% in the fourth quarter. St. James Investment Advisors LLC now owns 344 shares of the e-commerce giant’s stock worth $29,000 after buying an additional 170 shares in the last quarter. Retirement Financial Solutions LLC purchased a new stake in shares of Amazon.com in the fourth quarter worth about $32,000. Laurel Wealth Planning LLC lifted its holdings in shares of Amazon.com by 1,900.0% in the second quarter. Laurel Wealth Planning LLC now owns 320 shares of the e-commerce giant’s stock worth $34,000 after buying an additional 304 shares in the last quarter. Finally, Sanctuary Wealth Management L.L.C. purchased a new stake in shares of Amazon.com in the fourth quarter worth about $37,000. 57.64% of the stock is owned by hedge funds and other institutional investors.

About Amazon.com

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Amazon.com, Inc is a multinational technology company, which engages in the provision of online retail shopping services. It operates through the following segments: North America, International, and Amazon Web Services (AWS). The North America segment is involved in the retail sales of consumer products including from sellers and subscriptions through North America-focused online and physical stores.