Amazon.com (NASDAQ:AMZN) Trading Up 1% Following Analyst Upgrade

Amazon.com, Inc. (NASDAQ:AMZN) shares traded up 1% during trading on Friday after Wolfe Research raised their price target on the stock from $250.00 to $270.00. Wolfe Research currently has an outperform rating on the stock. Amazon.com traded as high as $225.36 and last traded at $222.50. 8,143,435 shares changed hands during trading, a decline of 60% from the average session volume of 20,594,824 shares. The stock had previously closed at $220.22.

Several other equities analysts have also commented on AMZN. Robert W. Baird upped their price target on shares of Amazon.com from $220.00 to $260.00 and gave the stock an "outperform" rating in a research report on Friday, December 13th. Cantor Fitzgerald reaffirmed an "overweight" rating and set a $230.00 price target on shares of Amazon.com in a report on Monday, October 7th. Wedbush increased their price objective on Amazon.com from $225.00 to $250.00 and gave the stock an "outperform" rating in a report on Friday, November 1st. Redburn Atlantic boosted their price target on Amazon.com from $225.00 to $235.00 and gave the stock a "buy" rating in a research report on Tuesday, November 26th. Finally, Royal Bank of Canada raised their price target on Amazon.com from $215.00 to $225.00 and gave the company an "outperform" rating in a 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 given a strong buy rating to the company. Based on data from MarketBeat, Amazon.com has a consensus rating of "Moderate Buy" and a consensus target price of $243.44.

Insider Activity at Amazon.com

In related news, Director Jonathan Rubinstein sold 4,351 shares of the company's stock in a transaction 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 sale, the director now directly owns 88,203 shares in the company, valued at approximately $20,273,459.55. This represents a 4.70 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, insider Jeffrey P. Bezos sold 2,996,362 shares of the firm's stock in a transaction dated Friday, November 8th. The shares were sold at an average price of $208.85, for a total value of $625,790,203.70. Following the transaction, the insider now owns 917,416,976 shares in the company, valued at approximately $191,602,535,437.60. This trade represents a 0.33 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 6,032,344 shares of company stock valued at $1,253,456,822. Insiders own 10.80% of the company's stock.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in AMZN. Semus Wealth Partners LLC lifted its holdings in Amazon.com by 0.3% during the third quarter. Semus Wealth Partners LLC now owns 17,920 shares of the e-commerce giant's stock valued at $3,339,000 after purchasing an additional 49 shares in the last quarter. Bell Investment Advisors Inc lifted its stake in shares of Amazon.com by 1.5% during the 3rd quarter. Bell Investment Advisors Inc now owns 3,359 shares of the e-commerce giant's stock valued at $626,000 after buying an additional 51 shares in the last quarter. Meridian Investment Counsel Inc. boosted its holdings in Amazon.com by 1.8% in the 2nd quarter. Meridian Investment Counsel Inc. now owns 3,076 shares of the e-commerce giant's stock worth $594,000 after buying an additional 55 shares during the period. O Connor Financial Group LLC increased its stake in Amazon.com by 2.2% in the 3rd quarter. O Connor Financial Group LLC now owns 2,536 shares of the e-commerce giant's stock worth $473,000 after buying an additional 55 shares in the last quarter. Finally, Cherrydale Wealth Management LLC raised its holdings in Amazon.com by 0.7% during the third quarter. Cherrydale Wealth Management LLC now owns 7,492 shares of the e-commerce giant's stock valued at $1,396,000 after acquiring an additional 55 shares during the period. Institutional investors and hedge funds own 72.20% of the company's stock.

Amazon.com Stock Up 1.8 %

The firm has a market capitalization of $2.36 trillion, a PE ratio of 48.01, a P/E/G ratio of 1.54 and a beta of 1.16. 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 company has a 50-day moving average price of $212.34 and a 200 day moving average price of $193.77.

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