Amazon.com (NASDAQ:AMZN) Stock Price Up 2.7% on Analyst Upgrade

Shares of Amazon.com, Inc. (NASDAQ:AMZN) shot up 2.7% during mid-day trading on Friday after UBS Group raised their price target on the stock from $198.00 to $215.00. UBS Group currently has a buy rating on the stock. Amazon.com traded as high as $179.20 and last traded at $178.37. 14,269,038 shares traded hands during mid-day trading, a decline of 66% from the average session volume of 42,457,242 shares. The stock had previously closed at $173.67.

AMZN has been the subject of several other research reports. Royal Bank of Canada increased their price target on shares of Amazon.com from $180.00 to $215.00 and gave the stock an “outperform” rating in a research report on Friday, February 2nd. Wells Fargo & Company raised their target price on Amazon.com from $211.00 to $217.00 and gave the stock an “overweight” rating in a research report on Monday, April 1st. Wedbush upped their price target on Amazon.com from $220.00 to $225.00 and gave the company an “outperform” rating in a research report on Wednesday. Wolfe Research lifted their price objective on Amazon.com from $195.00 to $205.00 and gave the company an “outperform” rating in a report on Friday, February 2nd. Finally, DA Davidson reaffirmed a “buy” rating and issued a $235.00 target price on shares of Amazon.com in a report on Thursday, April 18th. One research analyst has rated the stock with a hold rating, forty-four have given a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, Amazon.com presently has an average rating of “Buy” and a consensus price target of $205.13.

Insiders Place Their Bets

In other news, CEO Adam Selipsky sold 500 shares of the company’s stock in a transaction dated Thursday, February 1st. The stock was 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 directly owns 116,560 shares of the company’s stock, valued at approximately $18,150,723.20. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In other news, CEO Adam Selipsky sold 500 shares of Amazon.com 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 transaction, the chief executive officer now directly owns 116,560 shares of the company’s stock, valued at $18,150,723.20. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CEO Douglas J. Herrington sold 3,500 shares of the business’s stock in a transaction on Monday, April 1st. The shares were sold at an average price of $180.73, for a total transaction of $632,555.00. Following the completion of the transaction, the chief executive officer now directly owns 512,858 shares of the company’s stock, valued at approximately $92,688,826.34. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 32,214,010 shares of company stock worth $5,505,889,146. Insiders own 10.30% of the company’s stock.

Hedge Funds Weigh In On Amazon.com

Several institutional investors have recently modified their holdings of the business. Janiczek Wealth Management LLC raised its position in Amazon.com by 95.6% in the 3rd quarter. Janiczek Wealth Management LLC now owns 14,593 shares of the e-commerce giant’s stock valued at $1,855,000 after buying an additional 7,133 shares during the last quarter. HB Wealth Management LLC lifted its position in shares of Amazon.com by 23.8% in the third quarter. HB Wealth Management LLC now owns 261,722 shares of the e-commerce giant’s stock worth $33,270,000 after purchasing an additional 50,248 shares in the last quarter. Peoples Financial Services CORP. boosted its holdings in Amazon.com by 2.1% during the third quarter. Peoples Financial Services CORP. now owns 39,541 shares of the e-commerce giant’s stock worth $5,026,000 after purchasing an additional 811 shares during the last quarter. Redhawk Wealth Advisors Inc. grew its position in Amazon.com by 9.8% in the third quarter. Redhawk Wealth Advisors Inc. now owns 17,174 shares of the e-commerce giant’s stock valued at $2,183,000 after purchasing an additional 1,533 shares in the last quarter. Finally, Collective Family Office LLC increased its stake in Amazon.com by 5.0% in the 3rd quarter. Collective Family Office LLC now owns 8,794 shares of the e-commerce giant’s stock valued at $1,118,000 after buying an additional 417 shares during the last quarter. Institutional investors own 72.20% of the company’s stock.

Amazon.com Trading Up 3.4 %

The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.84 and a current ratio of 1.05. The firm has a fifty day moving average price of $177.99 and a 200 day moving average price of $158.59. The company has a market cap of $1.87 trillion, a price-to-earnings ratio of 61.94, a P/E/G ratio of 1.53 and a beta of 1.16.

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