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

Amazon.com, Inc. (NASDAQ:AMZN)’s share price traded up 0.2% during mid-day trading 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 traded 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 equities research analysts have also commented on AMZN. Needham & Company LLC boosted their price objective on shares of Amazon.com from $175.00 to $205.00 and gave the stock a “buy” rating in a research note on Friday, February 2nd. BMO Capital Markets started coverage on shares of Amazon.com in a research note on Tuesday, January 9th. They set an “outperform” rating and a $200.00 price objective on the stock. Wolfe Research lifted their target price on shares of Amazon.com from $195.00 to $205.00 and gave the stock an “outperform” rating in a report on Friday, February 2nd. The Goldman Sachs Group lifted their target price on shares of Amazon.com from $200.00 to $220.00 and gave the stock a “buy” rating in a report on Friday, February 2nd. Finally, Monness Crespi & Hardt lifted their target price on shares of Amazon.com from $170.00 to $215.00 and gave the stock a “buy” rating in a report on Friday, February 2nd. One research analyst has rated the stock with a hold rating, forty-three have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Buy” and a consensus price target of $201.98.

Insider Transactions at Amazon.com

In related news, CEO Adam Selipsky sold 500 shares of the firm’s stock in a transaction on Thursday, February 1st. The shares were sold at an average price of $155.72, for a total transaction of $77,860.00. Following the completion of the transaction, the chief executive officer now directly owns 116,560 shares of the company’s stock, valued at $18,150,723.20. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, CEO Adam Selipsky sold 500 shares of the firm’s stock in a transaction dated Thursday, February 1st. The shares were sold at an average price of $155.72, for a total value of $77,860.00. Following the completion of the sale, the chief executive officer now owns 116,560 shares in the company, valued at approximately $18,150,723.20. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, VP Shelley Reynolds sold 3,100 shares of the firm’s stock in a transaction dated Wednesday, February 21st. The stock was sold at an average price of $168.97, for a total transaction of $523,807.00. Following the completion of 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. Insiders sold a total of 32,214,010 shares of company stock valued at $5,505,874,846 over the last three months. Corporate insiders own 12.70% of the company’s stock.

Institutional Investors Weigh In On Amazon.com

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Bridgefront Capital LLC purchased a new position in Amazon.com during the 1st quarter valued at about $228,000. Krane Funds Advisors LLC increased its position in Amazon.com by 239.1% during the 1st quarter. Krane Funds Advisors LLC now owns 78 shares of the e-commerce giant’s stock valued at $254,000 after purchasing an additional 55 shares during the period. Range Financial Group LLC purchased a new position in Amazon.com during the 1st quarter valued at about $258,000. My Personal CFO LLC purchased a new position in Amazon.com during the 1st quarter valued at about $261,000. Finally, Worth Asset Management LLC purchased a new position in shares of Amazon.com in the 1st quarter worth approximately $191,000. Institutional investors own 72.20% of the company’s stock.

Amazon.com Stock Performance

The business’s 50-day moving average price is $176.88 and its 200-day moving average price is $156.19. The company has a current ratio of 1.05, a quick ratio of 0.84 and a debt-to-equity ratio of 0.29. The stock has a market cap 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, topping analysts’ consensus estimates of $0.81 by $0.19. The firm had revenue of $169.96 billion for the quarter, compared to the consensus estimate of $165.96 billion. Amazon.com had a net margin of 5.29% and a return on equity of 16.61%. The company’s quarterly revenue was up 13.9% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.21 EPS. As a group, equities research analysts expect that Amazon.com, Inc. will post 4.08 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.