Amazon.com (NASDAQ:AMZN) Trading Up 0.3% After Analyst Upgrade

Amazon.com, Inc. (NASDAQ:AMZN) shot up 0.3% during mid-day trading on Thursday after Loop Capital raised their price target on the stock from $275.00 to $285.00. Loop Capital currently has a buy rating on the stock. Amazon.com traded as high as $230.32 and last traded at $229.68. 7,934,200 shares traded hands during mid-day trading, a decline of 77% from the average session volume of 34,327,371 shares. The stock had previously closed at $228.93.

A number of other equities research analysts have also issued reports on AMZN. Wells Fargo & Company cut their target price on Amazon.com from $212.00 to $207.00 and set an “equal weight” rating on the stock in a research report on Friday, February 7th. Benchmark boosted their price objective on Amazon.com from $215.00 to $265.00 and gave the stock a “buy” rating in a report on Tuesday, February 4th. Moffett Nathanson raised their target price on shares of Amazon.com from $235.00 to $248.00 and gave the stock a “buy” rating in a report on Tuesday, November 26th. JMP Securities restated a “market outperform” rating and set a $285.00 price target on shares of Amazon.com in a report on Friday, February 7th. Finally, Susquehanna raised their price objective on shares of Amazon.com from $220.00 to $230.00 and gave the stock a “positive” rating in a research note on Friday, November 1st. Two investment analysts have rated the stock with a hold rating, forty-two have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, Amazon.com presently has a consensus rating of “Moderate Buy” and a consensus target price of $260.74.

Insider Buying and Selling at Amazon.com

In other Amazon.com news, CEO Douglas J. Herrington sold 27,500 shares of the firm’s stock in a transaction on Wednesday, February 12th. The shares were sold at an average price of $230.27, for a total value of $6,332,425.00. Following the sale, the chief executive officer now directly owns 497,067 shares in the company, valued at $114,459,618.09. This trade represents a 5.24 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO Matthew S. Garman sold 15,260 shares of the company’s stock in a transaction dated Thursday, November 21st. The shares were sold at an average price of $200.19, for a total transaction of $3,054,899.40. Following the transaction, the chief executive officer now directly owns 349,261 shares of the company’s stock, valued at $69,918,559.59. This represents a 4.19 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 51,848 shares of company stock worth $11,368,639 over the last ninety days. Company insiders own 10.80% of the company’s stock.

Hedge Funds Weigh In On Amazon.com

Several institutional investors and hedge funds have recently added to or reduced their stakes in AMZN. Vanguard Group Inc. boosted its stake in Amazon.com by 2.2% during the fourth quarter. Vanguard Group Inc. now owns 823,360,597 shares of the e-commerce giant’s stock worth $180,637,081,000 after buying an additional 17,635,391 shares in the last quarter. State Street Corp lifted its holdings in shares of Amazon.com by 3.3% during the 3rd quarter. State Street Corp now owns 359,179,990 shares of the e-commerce giant’s stock worth $66,926,008,000 after acquiring an additional 11,370,309 shares during the period. FMR LLC boosted its position in shares of Amazon.com by 0.5% during the 4th quarter. FMR LLC now owns 328,464,225 shares of the e-commerce giant’s stock valued at $72,061,766,000 after acquiring an additional 1,725,664 shares in the last quarter. Geode Capital Management LLC raised its position in Amazon.com by 2.5% in the fourth quarter. Geode Capital Management LLC now owns 204,930,426 shares of the e-commerce giant’s stock worth $44,837,256,000 after purchasing an additional 5,015,380 shares in the last quarter. Finally, Price T Rowe Associates Inc. MD lifted its stake in Amazon.com by 2.3% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 182,813,905 shares of the e-commerce giant’s stock worth $40,107,544,000 after purchasing an additional 4,087,933 shares during the period. 72.20% of the stock is currently owned by institutional investors.

Amazon.com Trading Down 0.7 %

The stock has a market cap of $2.40 trillion, a P/E ratio of 41.35, a PEG ratio of 1.36 and a beta of 1.15. The business’s 50 day simple moving average is $228.18 and its 200 day simple moving average is $201.98. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.09 and a quick ratio of 0.87.

Amazon.com (NASDAQ:AMZN) last announced its quarterly earnings results on Thursday, February 6th. The e-commerce giant reported $1.86 EPS for the quarter, beating the consensus estimate of $1.52 by $0.34. Amazon.com had a return on equity of 25.49% and a net margin of 9.29%. On average, analysts expect that Amazon.com, Inc. will post 6.24 earnings per share 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.