Amazon.com (NASDAQ:AMZN) Trading Up 0.2% Following Analyst Upgrade

Amazon.com, Inc. (NASDAQ:AMZN) shares were up 0.2% during trading on Tuesday after Loop Capital raised their price target on the stock from $215.00 to $225.00. Loop Capital currently has a buy rating on the stock. Amazon.com traded as high as $189.46 and last traded at $189.08. Approximately 10,163,606 shares changed hands during mid-day trading, a decline of 77% from the average daily volume of 43,753,746 shares. The stock had previously closed at $188.70.

A number of other equities analysts have also weighed in on AMZN. DA Davidson reiterated a “buy” rating and issued a $235.00 price target on shares of Amazon.com in a research report on Thursday, April 18th. TD Cowen boosted their price objective on Amazon.com from $200.00 to $225.00 and gave the company an “outperform” rating in a research report on Friday, February 2nd. Wedbush reiterated an “outperform” rating and set a $225.00 target price on shares of Amazon.com in a research report on Wednesday, May 1st. Barclays upped their price target on Amazon.com from $220.00 to $230.00 and gave the stock an “overweight” rating in a research note on Wednesday, May 1st. Finally, Robert W. Baird upped their target price on shares of Amazon.com from $205.00 to $210.00 and gave the stock an “outperform” rating in a research report on Wednesday, May 1st. One analyst has rated the stock with a hold rating, forty-four have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, Amazon.com presently has an average rating of “Buy” and an average price target of $211.62.

Insider Transactions at Amazon.com

In related news, Director Keith Brian Alexander sold 1,000 shares of Amazon.com stock in a transaction dated Monday, May 6th. The stock was sold at an average price of $186.22, for a total value of $186,220.00. Following the completion of the sale, the director now directly owns 4,760 shares in the company, valued at $886,407.20. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, Director Keith Brian Alexander sold 1,000 shares of Amazon.com stock in a transaction that occurred on Monday, May 6th. The shares were sold at an average price of $186.22, for a total transaction of $186,220.00. Following the transaction, the director now directly owns 4,760 shares of the company’s stock, valued at $886,407.20. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, VP Shelley Reynolds sold 3,100 shares of the company’s stock in a transaction on Wednesday, February 21st. The stock was sold at an average price of $168.97, for a total value of $523,807.00. Following the sale, the vice president now owns 119,780 shares of the company’s stock, valued at approximately $20,239,226.60. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 26,198,961 shares of company stock valued at $4,482,430,577. 10.80% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of AMZN. Darden Wealth Group Inc grew its stake in Amazon.com by 1.0% during the 1st quarter. Darden Wealth Group Inc now owns 34,746 shares of the e-commerce giant’s stock worth $6,267,000 after buying an additional 331 shares during the last quarter. William Allan Corp grew its stake in shares of Amazon.com by 2.0% during the first quarter. William Allan Corp now owns 18,942 shares of the e-commerce giant’s stock worth $3,417,000 after acquiring an additional 373 shares during the last quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. grew its stake in shares of Amazon.com by 11.8% during the first quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 6,603,620 shares of the e-commerce giant’s stock worth $1,191,160,000 after acquiring an additional 699,324 shares during the last quarter. Entropy Technologies LP acquired a new position in shares of Amazon.com during the first quarter valued at about $1,601,000. Finally, Berkshire Money Management Inc. purchased a new position in shares of Amazon.com in the 1st quarter valued at approximately $1,317,000. Hedge funds and other institutional investors own 72.20% of the company’s stock.

Amazon.com Stock Down 0.4 %

The company has a market capitalization of $1.96 trillion, a price-to-earnings ratio of 52.66, a PEG ratio of 1.35 and a beta of 1.15. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.87 and a current ratio of 1.07. The business’s 50 day moving average is $179.60 and its 200 day moving average is $161.63.

Amazon.com (NASDAQ:AMZN) last posted its quarterly earnings results on Tuesday, April 30th. The e-commerce giant reported $0.98 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.83 by $0.15. The business had revenue of $143.31 billion during the quarter, compared to analysts’ expectations of $142.65 billion. Amazon.com had a net margin of 6.38% and a return on equity of 19.86%. The business’s quarterly revenue was up 12.5% on a year-over-year basis. During the same quarter last year, the company posted $0.31 earnings per share. Sell-side analysts anticipate that Amazon.com, Inc. will post 4.67 earnings per share for the current year.

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.