Amazon.com (NASDAQ:AMZN) Trading 0% Higher After Analyst Upgrade

Shares of Amazon.com, Inc. (NASDAQ:AMZN) were up 0% during mid-day trading on Monday after Tigress Financial raised their price target on the stock from $245.00 to $290.00. Tigress Financial currently has a buy rating on the stock. Amazon.com traded as high as $225.43 and last traded at $224.96. Approximately 6,005,267 shares traded hands during trading, a decline of 85% from the average daily volume of 41,271,297 shares. The stock had previously closed at $224.92.

AMZN has been the topic of a number of other reports. Mizuho increased their price target on Amazon.com from $240.00 to $260.00 and gave the stock an "outperform" rating in a report on Tuesday, December 10th. Wells Fargo & Company restated an "equal weight" rating and issued a $197.00 price target on shares of Amazon.com in a report on Wednesday, November 20th. Evercore ISI lifted their price target on shares of Amazon.com from $240.00 to $260.00 and gave the company an "outperform" rating in a research note on Friday, November 1st. Pivotal Research assumed coverage on shares of Amazon.com in a research report on Friday, October 11th. They set a "buy" rating and a $260.00 price objective on the stock. Finally, Oppenheimer boosted their target price on Amazon.com from $220.00 to $230.00 and gave the company an "outperform" rating in a research report on Friday, November 1st. Two investment analysts have rated the stock with a hold rating, forty-one have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $243.00.

Insider Transactions at Amazon.com

In other news, Director Jonathan Rubinstein sold 4,351 shares of the firm's stock in a transaction that occurred on Monday, December 9th. The shares were sold at an average price of $229.85, for a total value of $1,000,077.35. Following the completion of the transaction, the director now directly owns 88,203 shares in the company, valued at approximately $20,273,459.55. This trade represents a 4.70 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Douglas J. Herrington sold 3,500 shares of the company's stock in a transaction that occurred on Monday, December 2nd. The stock was sold at an average price of $210.00, for a total transaction of $735,000.00. Following the sale, the chief executive officer now directly owns 524,567 shares in the company, valued at $110,159,070. This trade represents a 0.66 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 6,034,534 shares of company stock valued at $1,253,883,872 over the last three months. Company insiders own 10.80% of the company's stock.

Institutional Investors Weigh In On Amazon.com

Several large investors have recently added to or reduced their stakes in the business. IMS Capital Management lifted its position in Amazon.com by 2.3% during the third quarter. IMS Capital Management now owns 48,008 shares of the e-commerce giant's stock valued at $8,945,000 after purchasing an additional 1,078 shares during the last quarter. Syntax Research Inc. raised its position in shares of Amazon.com by 10.8% during the 3rd quarter. Syntax Research Inc. now owns 4,300 shares of the e-commerce giant's stock valued at $801,000 after buying an additional 420 shares in the last quarter. SMART Wealth LLC lifted its holdings in shares of Amazon.com by 41.1% during the 3rd quarter. SMART Wealth LLC now owns 7,317 shares of the e-commerce giant's stock worth $1,363,000 after acquiring an additional 2,132 shares during the last quarter. Legacy Wealth Management LLC MS lifted its holdings in shares of Amazon.com by 75.7% during the 3rd quarter. Legacy Wealth Management LLC MS now owns 12,922 shares of the e-commerce giant's stock worth $2,408,000 after acquiring an additional 5,567 shares during the last quarter. Finally, Alternative Investment Advisors LLC. grew its position in Amazon.com by 2.2% in the third quarter. Alternative Investment Advisors LLC. now owns 10,164 shares of the e-commerce giant's stock worth $1,894,000 after acquiring an additional 215 shares in the last quarter. Institutional investors own 72.20% of the company's stock.

Amazon.com Trading Up 0.1 %

The stock has a 50 day moving average of $205.83 and a 200 day moving average of $191.46. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.09 and a quick ratio of 0.87. The firm has a market cap of $2.37 trillion, a P/E ratio of 48.19, a PEG ratio of 1.54 and a beta of 1.16.

Amazon.com (NASDAQ:AMZN - Get Free Report) last announced its quarterly earnings data on Thursday, October 31st. The e-commerce giant reported $1.43 earnings per share for the quarter, beating analysts' consensus estimates of $1.14 by $0.29. Amazon.com had a return on equity of 22.41% and a net margin of 8.04%. The company had revenue of $158.88 billion for the quarter, compared to analysts' expectations of $157.28 billion. During the same period last year, the firm posted $0.85 EPS. Amazon.com's revenue for the quarter was up 11.0% compared to the same quarter last year. As a group, equities research analysts predict that Amazon.com, Inc. will post 5.29 EPS for the current 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.