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

Amazon.com, Inc. (NASDAQ:AMZN) shares shot up 0.2% on Tuesday after BMO Capital Markets raised their price target on the stock from $205.00 to $215.00. BMO Capital Markets currently has an outperform rating on the stock. Amazon.com traded as high as $178.51 and last traded at $177.57. 11,979,464 shares were traded during mid-day trading, a decline of 72% from the average session volume of 42,505,699 shares. The stock had previously closed at $177.23.

AMZN has been the topic of a number of other research reports. Deutsche Bank Aktiengesellschaft upped their target price on shares of Amazon.com from $175.00 to $200.00 and gave the stock a “buy” rating in a report on Friday, February 2nd. Wedbush reaffirmed an “outperform” rating and issued a $220.00 price objective on shares of Amazon.com in a research report on Wednesday, April 10th. Canaccord Genuity Group upped their price objective on shares of Amazon.com from $185.00 to $200.00 and gave the stock a “buy” rating in a research report on Friday, February 2nd. DA Davidson reaffirmed a “buy” rating and issued a $235.00 price objective on shares of Amazon.com in a research report on Thursday, April 18th. Finally, Stifel Nicolaus upped their price objective on shares of Amazon.com from $200.00 to $224.00 and gave the stock a “buy” rating in a research report on Tuesday, April 16th. One research analyst has rated the stock with a hold rating, forty-four have given a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Buy” and a consensus target price of $203.13.

Insider Buying and Selling

In related news, insider Jeffrey P. Bezos sold 5,998,849 shares of the business’s stock in a transaction dated Wednesday, February 7th. The shares were sold at an average price of $170.16, for a total transaction of $1,020,764,145.84. Following the sale, the insider now owns 982,252,968 shares of the company’s stock, valued at $167,140,165,034.88. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In other news, CEO Adam Selipsky sold 500 shares of the company’s stock in a transaction that occurred on Thursday, February 1st. The shares were sold at an average price of $155.72, for a total value of $77,860.00. Following the transaction, the chief executive officer now owns 116,560 shares in the company, valued at $18,150,723.20. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Jeffrey P. Bezos sold 5,998,849 shares of the company’s stock in a transaction that occurred on Wednesday, February 7th. The stock was sold at an average price of $170.16, for a total transaction of $1,020,764,145.84. Following the completion of the transaction, the insider now owns 982,252,968 shares in the company, valued at approximately $167,140,165,034.88. The disclosure for this sale can be found here. Insiders have sold 32,214,010 shares of company stock valued at $5,505,889,146 over the last quarter. Corporate insiders own 10.80% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Mayflower Financial Advisors LLC lifted its position in Amazon.com by 0.3% during 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 bought a new position in Amazon.com during the fourth quarter valued at approximately $30,000. PayPay Securities Corp lifted 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 valued at $34,000 after purchasing an additional 94 shares during the period. E Fund Management Hong Kong Co. Ltd. lifted its position in Amazon.com by 45.0% during the fourth quarter. E Fund Management Hong Kong Co. Ltd. now owns 277 shares of the e-commerce giant’s stock valued at $42,000 after purchasing an additional 86 shares during the period. Finally, Strid Group LLC bought a new position in Amazon.com during the fourth quarter valued at approximately $43,000. Institutional investors own 72.20% of the company’s stock.

Amazon.com Trading Up 0.3 %

The company has a market cap of $1.85 trillion, a P/E ratio of 61.23, a P/E/G ratio of 1.52 and a beta of 1.17. The stock’s 50-day moving average is $177.38 and its two-hundred day moving average is $157.63. The company has a debt-to-equity ratio of 0.29, a current ratio of 1.05 and a quick ratio of 0.84.

Amazon.com (NASDAQ:AMZN) last announced its earnings results on Thursday, February 1st. The e-commerce giant reported $1.00 EPS for the quarter, beating analysts’ consensus estimates of $0.81 by $0.19. Amazon.com had a net margin of 5.29% and a return on equity of 16.61%. The business had revenue of $169.96 billion during the quarter, compared to analysts’ expectations of $165.96 billion. During the same period in the prior year, the company earned $0.21 earnings per share. The firm’s revenue was up 13.9% on a year-over-year basis. As a group, equities research analysts predict that Amazon.com, Inc. will post 4.1 earnings per share for the current fiscal 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.