Amazon.com (NASDAQ:AMZN) Stock Price Up 0.2% on Analyst Upgrade

Amazon.com, Inc. (NASDAQ:AMZN) shares traded up 0.2% on Tuesday after Stifel Nicolaus raised their price target on the stock from $200.00 to $224.00. Stifel Nicolaus currently has a buy rating on the stock. Amazon.com traded as high as $184.70 and last traded at $184.02. 10,940,023 shares changed hands during mid-day trading, a decline of 74% from the average session volume of 42,826,176 shares. The stock had previously closed at $183.62.

Several other brokerages have also recently commented on AMZN. UBS Group boosted their price objective on shares of Amazon.com from $180.00 to $198.00 and gave the company a “buy” rating in a research note on Friday, February 2nd. Robert W. Baird boosted their price objective on shares of Amazon.com from $185.00 to $205.00 and gave the company an “outperform” rating in a research note on Friday, February 2nd. Susquehanna boosted their price objective on shares of Amazon.com from $185.00 to $220.00 and gave the company a “positive” rating in a research note on Friday, February 2nd. Truist Financial reaffirmed a “buy” rating and set a $195.00 price objective on shares of Amazon.com in a research note on Friday, March 22nd. Finally, JMP Securities boosted their price target on shares of Amazon.com from $175.00 to $225.00 and gave the stock an “outperform” rating in a research note on Friday, February 2nd. One investment analyst has rated the stock with a hold rating, forty-three have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, Amazon.com currently has a consensus rating of “Buy” and an average target price of $201.98.

Insider Buying and Selling at Amazon.com

In other news, VP Shelley Reynolds sold 3,100 shares of the company’s stock in a transaction dated Wednesday, February 21st. The shares were sold at an average price of $168.97, for a total transaction of $523,807.00. Following the transaction, the vice president now owns 119,780 shares in the company, valued at $20,239,226.60. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. In other news, VP Shelley Reynolds sold 3,100 shares of the stock in a transaction that occurred on Wednesday, February 21st. The stock was sold at an average price of $168.97, for a total transaction of $523,807.00. Following the transaction, the vice president now owns 119,780 shares in the company, valued at approximately $20,239,226.60. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Adam Selipsky sold 500 shares of the firm’s stock in a transaction on Thursday, January 18th. The shares were sold at an average price of $152.78, for a total value of $76,390.00. Following the completion of the transaction, the chief executive officer now owns 117,560 shares in the company, valued at approximately $17,960,816.80. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 32,214,010 shares of company stock valued at $5,505,874,846. 12.70% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Amazon.com

Several institutional investors have recently bought and sold shares of AMZN. Mayflower Financial Advisors LLC increased its holdings in shares of Amazon.com by 0.3% in the third quarter. Mayflower Financial Advisors LLC now owns 194,762 shares of the e-commerce giant’s stock valued at $25,000 after purchasing an additional 572 shares during the period. Cooksen Wealth LLC purchased a new stake in Amazon.com during the fourth quarter worth $30,000. PayPay Securities Corp boosted its position in Amazon.com by 54.3% during the third quarter. PayPay Securities Corp now owns 267 shares of the e-commerce giant’s stock worth $34,000 after purchasing an additional 94 shares in the last quarter. Laurel Wealth Planning LLC boosted its position in Amazon.com by 1,900.0% during the second quarter. Laurel Wealth Planning LLC now owns 320 shares of the e-commerce giant’s stock worth $34,000 after purchasing an additional 304 shares in the last quarter. Finally, Sanctuary Wealth Management L.L.C. purchased a new stake in Amazon.com during the fourth quarter worth $37,000. 72.20% of the stock is owned by institutional investors and hedge funds.

Amazon.com Stock Performance

The stock has a 50-day simple moving average of $176.88 and a 200 day simple moving average of $156.19. The company has a debt-to-equity ratio of 0.29, a current ratio of 1.05 and a quick ratio of 0.84. The company has a market capitalization of $1.91 trillion, a PE ratio of 63.21, a P/E/G ratio of 1.62 and a beta of 1.17.

Amazon.com (NASDAQ:AMZN) last issued its quarterly earnings data on Thursday, February 1st. The e-commerce giant reported $1.00 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.81 by $0.19. Amazon.com had a return on equity of 16.61% and a net margin of 5.29%. The business had revenue of $169.96 billion for the quarter, compared to the consensus estimate of $165.96 billion. During the same period in the prior year, the business earned $0.21 earnings per share. The business’s revenue was up 13.9% on a year-over-year basis. Equities analysts anticipate that Amazon.com, Inc. will post 4.08 EPS for the current fiscal year.

About Amazon.com

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.