Amazon.com (NASDAQ:AMZN) Shares Up 2.7% Following Analyst Upgrade

Amazon.com, Inc. (NASDAQ:AMZN) was up 2.7% 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. Approximately 14,269,038 shares traded hands during mid-day trading, a decline of 66% from the average daily volume of 42,457,242 shares. The stock had previously closed at $173.67.

AMZN has been the subject of a number of other reports. JPMorgan Chase & Co. raised their target price on shares of Amazon.com from $190.00 to $225.00 and gave the stock an “overweight” rating in a report on Friday, February 2nd. Benchmark reiterated a “buy” rating and set a $200.00 price objective on shares of Amazon.com in a research report on Wednesday. Royal Bank of Canada boosted their target price on Amazon.com from $180.00 to $215.00 and gave the stock an “outperform” rating in a research report on Friday, February 2nd. JMP Securities reiterated a “market outperform” rating and issued a $225.00 price target on shares of Amazon.com in a research report on Wednesday. Finally, Oppenheimer upped their price objective on shares of Amazon.com from $200.00 to $210.00 and gave the company an “outperform” rating in a research note on Friday, February 2nd. One investment analyst has rated the stock with a hold rating, forty-four have issued a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Amazon.com presently has a consensus rating of “Buy” and an average price target of $205.13.

Insider Buying and Selling at Amazon.com

In related news, VP Shelley Reynolds sold 3,100 shares of the business’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 transaction, the vice president now owns 119,780 shares of the company’s stock, valued at approximately $20,239,226.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In related news, CEO Adam Selipsky sold 500 shares of the stock in a transaction dated Thursday, April 18th. The shares were sold at an average price of $181.38, for a total value of $90,690.00. Following the completion of the sale, the chief executive officer now owns 130,600 shares in the company, valued at $23,688,228. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, VP Shelley Reynolds sold 3,100 shares of the firm’s stock in a transaction that occurred 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 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 32,214,010 shares of company stock worth $5,505,889,146 over the last ninety days. Company insiders own 10.30% of the company’s stock.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of AMZN. Cooksen Wealth LLC bought a new position in shares of Amazon.com during the 4th quarter worth about $30,000. PayPay Securities Corp raised its position in Amazon.com by 54.3% in the third quarter. PayPay Securities Corp now owns 267 shares of the e-commerce giant’s stock worth $34,000 after purchasing an additional 94 shares in the last quarter. E Fund Management Hong Kong Co. Ltd. lifted its stake 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 worth $42,000 after purchasing an additional 86 shares during the period. Strid Group LLC acquired a new stake in Amazon.com during the fourth quarter valued at approximately $43,000. Finally, Harbor Investment Advisory LLC grew its stake in shares of Amazon.com by 0.7% in the 4th quarter. Harbor Investment Advisory LLC now owns 299,959 shares of the e-commerce giant’s stock valued at $46,000 after purchasing an additional 1,988 shares during the period. 72.20% of the stock is currently owned by institutional investors and hedge funds.

Amazon.com Stock Performance

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 50 day moving average price of $177.79 and a two-hundred day moving average price of $158.23. The company has a market capitalization of $1.86 trillion, a P/E ratio of 61.51, a price-to-earnings-growth ratio of 1.53 and a beta of 1.16.

Amazon.com (NASDAQ:AMZN) last announced its quarterly earnings results on Thursday, February 1st. The e-commerce giant reported $1.00 earnings per share for the quarter, beating analysts’ consensus estimates of $0.81 by $0.19. Amazon.com had a return on equity of 16.61% and a net margin of 5.29%. The firm had revenue of $169.96 billion for the quarter, compared to analysts’ expectations of $165.96 billion. During the same period in the prior year, the business posted $0.21 earnings per share. The business’s revenue was up 13.9% compared to the same quarter last year. On average, research analysts expect 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.