Amazon.com (NASDAQ:AMZN) Stock Price Up 2.2% After Analyst Upgrade

Amazon.com, Inc. (NASDAQ:AMZN) traded up 2.2% on Tuesday after Moffett Nathanson raised their price target on the stock from $250.00 to $253.00. Moffett Nathanson currently has a buy rating on the stock. Amazon.com traded as high as $213.97 and last traded at $213.12. 10,803,232 shares traded hands during mid-day trading, a decline of 74% from the average session volume of 42,021,138 shares. The stock had previously closed at $208.47.

AMZN has been the subject of several other reports. Royal Bank Of Canada reduced their price target on Amazon.com from $235.00 to $230.00 and set an "outperform" rating for the company in a research report on Friday, May 2nd. Tigress Financial increased their target price on shares of Amazon.com from $290.00 to $305.00 and gave the company a "buy" rating in a research report on Tuesday, May 6th. Citizens Jmp decreased their target price on shares of Amazon.com from $285.00 to $240.00 and set an "outperform" rating on the stock in a report on Monday, April 14th. Morgan Stanley reduced their price target on shares of Amazon.com from $280.00 to $245.00 and set an "overweight" rating on the stock in a research note on Monday, April 14th. Finally, BNP Paribas raised shares of Amazon.com to a "hold" rating in a research report on Wednesday, April 30th. Four analysts have rated the stock with a hold rating and forty-four have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $245.64.

Insider Activity

In other Amazon.com news, CEO Douglas J. Herrington sold 2,500 shares of Amazon.com stock in a transaction on Tuesday, April 1st. The shares were sold at an average price of $187.99, for a total value of $469,975.00. Following the completion of the sale, the chief executive officer now directly owns 509,474 shares of the company's stock, valued at approximately $95,776,017.26. The trade was a 0.49% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, VP Shelley Reynolds sold 2,695 shares of the business's stock in a transaction that occurred on Wednesday, May 21st. The shares were sold at an average price of $200.79, for a total value of $541,129.05. Following the sale, the vice president now owns 119,780 shares of the company's stock, valued at approximately $24,050,626.20. This represents a 2.20% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 102,037 shares of company stock worth $20,531,075. Insiders own 9.70% of the company's stock.

Institutional Trading of Amazon.com

A number of large investors have recently added to or reduced their stakes in AMZN. Tallon Kerry Patrick purchased a new stake in shares of Amazon.com in the 4th quarter valued at $800,000. Capital & Planning LLC increased its position in shares of Amazon.com by 72.1% during the fourth quarter. Capital & Planning LLC now owns 3,902 shares of the e-commerce giant's stock valued at $856,000 after buying an additional 1,635 shares during the period. LaFleur & Godfrey LLC raised its position in shares of Amazon.com by 1.8% in the 4th quarter. LaFleur & Godfrey LLC now owns 49,407 shares of the e-commerce giant's stock worth $10,839,000 after acquiring an additional 860 shares in the last quarter. Brighton Jones LLC lifted its position in Amazon.com by 10.9% during the fourth quarter. Brighton Jones LLC now owns 4,036,091 shares of the e-commerce giant's stock valued at $885,478,000 after buying an additional 397,007 shares during the period. Finally, Union Bancaire Privee UBP SA bought a new stake in Amazon.com during the fourth quarter worth about $301,650,000. Hedge funds and other institutional investors own 72.20% of the company's stock.

Amazon.com Price Performance

The company has a current ratio of 1.05, a quick ratio of 0.84 and a debt-to-equity ratio of 0.17. The firm has a 50 day moving average of $198.94 and a two-hundred day moving average of $209.04. The company has a market cap of $2.27 trillion, a PE ratio of 34.79, a P/E/G ratio of 1.58 and a beta of 1.33.

Amazon.com (NASDAQ:AMZN - Get Free Report) last announced its quarterly earnings results on Thursday, May 1st. The e-commerce giant reported $1.59 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.38 by $0.21. The firm had revenue of $155.67 billion for the quarter, compared to the consensus estimate of $154.96 billion. Amazon.com had a net margin of 10.14% and a return on equity of 24.14%. The business's quarterly revenue was up 8.6% compared to the same quarter last year. During the same quarter last year, the firm posted $0.98 EPS. Research analysts predict that Amazon.com, Inc. will post 6.31 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.

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