Amazon.com (NASDAQ:AMZN) Trading 0.4% Higher Following Analyst Upgrade

Amazon.com, Inc. (NASDAQ:AMZN)’s share price rose 0.4% during trading on Tuesday after TD Securities raised their price target on the stock from $225.00 to $245.00. The stock traded as high as $200.43 and last traded at $199.99. Approximately 9,503,602 shares were traded during trading, a decline of 78% from the average daily volume of 42,511,711 shares. The stock had previously closed at $199.29.

Several other equities analysts have also commented on the company. BMO Capital Markets raised their price objective on Amazon.com from $215.00 to $220.00 and gave the company an “outperform” rating in a research report on Wednesday, May 1st. Jefferies Financial Group lifted their price target on Amazon.com from $225.00 to $235.00 in a research report on Tuesday. UBS Group lifted their price target on Amazon.com from $215.00 to $217.00 and gave the stock a “buy” rating in a research report on Wednesday, May 1st. Raymond James lifted their price target on Amazon.com from $200.00 to $205.00 and gave the stock a “strong-buy” rating in a research report on Wednesday, May 1st. Finally, JPMorgan Chase & Co. lifted their price target on Amazon.com from $225.00 to $240.00 and gave the stock an “overweight” rating in a research report on Wednesday, May 1st. One analyst has rated the stock with a hold rating, forty-two have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Buy” and a consensus price target of $217.38.

Get Our Latest Report on AMZN

Insider Activity at Amazon.com

In other Amazon.com news, insider Jeffrey P. Bezos sold 1,228,993 shares of the stock in a transaction on Monday, July 8th. The shares were sold at an average price of $200.36, for a total transaction of $246,241,037.48. Following the completion of the transaction, the insider now owns 930,696,284 shares in the company, valued at $186,474,307,462.24. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In other news, insider Jeffrey P. Bezos sold 1,228,993 shares of the firm’s stock in a transaction that occurred on Monday, July 8th. The stock was sold at an average price of $200.36, for a total value of $246,241,037.48. Following the completion of the sale, the insider now directly owns 930,696,284 shares of the company’s stock, valued at approximately $186,474,307,462.24. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Jeffrey P. Bezos sold 3,085,116 shares of Amazon.com stock in a transaction that occurred on Friday, July 5th. The stock was sold at an average price of $200.07, for a total value of $617,239,158.12. Following the completion of the transaction, the insider now owns 931,925,277 shares of the company’s stock, valued at approximately $186,450,290,169.39. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 5,847,094 shares of company stock valued at $1,169,058,874. 10.80% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Amazon.com

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Cooksen Wealth LLC purchased a new position in Amazon.com during the 4th quarter valued at $30,000. E Fund Management Hong Kong Co. Ltd. boosted its holdings in Amazon.com by 45.0% during the 4th quarter. E Fund Management Hong Kong Co. Ltd. now owns 277 shares of the e-commerce giant’s stock valued at $42,000 after acquiring an additional 86 shares during the period. Strid Group LLC purchased a new position in Amazon.com during the 4th quarter valued at $43,000. Harbor Investment Advisory LLC raised its position in Amazon.com by 0.7% during 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 in the last quarter. Finally, Clarity Asset Management Inc. bought a new stake in Amazon.com during the 4th quarter valued at $46,000. Hedge funds and other institutional investors own 72.20% of the company’s stock.

Amazon.com Trading Up 0.2 %

The company has a current ratio of 1.07, a quick ratio of 0.87 and a debt-to-equity ratio of 0.27. The stock has a 50-day simple moving average of $187.26 and a two-hundred day simple moving average of $175.75. The firm has a market capitalization of $2.08 trillion, a P/E ratio of 55.96, a price-to-earnings-growth ratio of 1.43 and a beta of 1.15.

Amazon.com (NASDAQ:AMZNGet Free Report) last issued its earnings results on Tuesday, April 30th. The e-commerce giant reported $0.98 earnings per share for the quarter, beating analysts’ consensus estimates of $0.83 by $0.15. The business had revenue of $143.31 billion during the quarter, compared to analyst estimates of $142.65 billion. Amazon.com had a return on equity of 19.86% and a net margin of 6.38%. Amazon.com’s revenue was up 12.5% on a year-over-year basis. During the same period in the previous year, the company posted $0.31 EPS. On average, equities research analysts anticipate that Amazon.com, Inc. will post 4.72 earnings per share for the current year.

Amazon.com Company Profile

(Get Free Report)

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.

See Also

Receive News & Ratings for Amazon.com Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Amazon.com and related companies with MarketBeat.com's FREE daily email newsletter.