Amazon.com (NASDAQ:AMZN) Trading Up 0.2% After Analyst Upgrade

Amazon.com, Inc. (NASDAQ:AMZN)'s stock price was up 0.2% on Tuesday after Stifel Nicolaus raised their price target on the stock from $200.00 to $224.00. Stifel Nicolaus currently has a buy rating on the stock. Amazon.com traded as high as $184.70 and last traded at $184.02. Approximately 10,940,023 shares were traded during mid-day trading, a decline of 74% from the average daily volume of 42,826,176 shares. The stock had previously closed at $183.62.

Several other equities research analysts have also issued reports on AMZN. JMP Securities lifted their price target on shares of Amazon.com from $175.00 to $225.00 and gave the company an "outperform" rating in a report on Friday, February 2nd. Truist Financial reaffirmed a "buy" rating and set a $195.00 target price on shares of Amazon.com in a research note on Friday, March 22nd. Deutsche Bank Aktiengesellschaft increased their price target on Amazon.com from $175.00 to $200.00 and gave the company a "buy" rating in a research note on Friday, February 2nd. Moffett Nathanson reaffirmed a "buy" rating and issued a $228.00 target price on shares of Amazon.com in a report on Thursday, April 11th. Finally, The Goldman Sachs Group increased their target price on Amazon.com from $200.00 to $220.00 and gave the company a "buy" rating in a research report on Friday, February 2nd. One analyst has rated the stock with a hold rating, forty-three have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of "Buy" and an average target price of $201.98.

Insider Buying and Selling at Amazon.com

In other Amazon.com news, CEO Adam Selipsky sold 500 shares of the firm's stock in a transaction on Thursday, February 1st. The shares were sold at an average price of $155.72, for a total value of $77,860.00. Following the transaction, the chief executive officer now directly owns 116,560 shares of the company's stock, valued at $18,150,723.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In related news, CEO Douglas J. Herrington sold 3,500 shares of the company's stock in a transaction on Monday, April 1st. The stock was sold at an average price of $180.73, for a total transaction of $632,555.00. Following the completion of the sale, the chief executive officer now owns 512,858 shares in the company, valued at $92,688,826.34. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Adam Selipsky sold 500 shares of the stock in a transaction on Thursday, February 1st. The shares were sold at an average price of $155.72, for a total value of $77,860.00. Following the completion of the sale, the chief executive officer now directly owns 116,560 shares of the company's stock, valued at $18,150,723.20. The disclosure for this sale can be found here. In the last 90 days, insiders sold 32,214,010 shares of company stock worth $5,505,874,846. 12.70% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Amazon.com

Hedge funds have recently bought and sold shares of the company. Register Financial Advisors LLC grew its position in Amazon.com by 14.3% during the third quarter. Register Financial Advisors LLC now owns 5,263 shares of the e-commerce giant's stock valued at $669,000 after buying an additional 657 shares during the period. Wedge Capital Management L L P NC increased its stake in shares of Amazon.com by 1.0% during the 3rd quarter. Wedge Capital Management L L P NC now owns 14,613 shares of the e-commerce giant's stock worth $1,858,000 after purchasing an additional 148 shares during the last quarter. Cherrydale Wealth Management LLC increased its stake in shares of Amazon.com by 14.7% during the 4th quarter. Cherrydale Wealth Management LLC now owns 5,260 shares of the e-commerce giant's stock worth $799,000 after purchasing an additional 675 shares during the last quarter. Tompkins Financial Corp raised its holdings in shares of Amazon.com by 3.3% in the 4th quarter. Tompkins Financial Corp now owns 71,576 shares of the e-commerce giant's stock worth $10,875,000 after purchasing an additional 2,273 shares during the period. Finally, Nicholas Company Inc. lifted its stake in Amazon.com by 3.9% in the third quarter. Nicholas Company Inc. now owns 705,065 shares of the e-commerce giant's stock valued at $89,628,000 after purchasing an additional 26,465 shares during the last quarter. 72.20% of the stock is owned by hedge funds and other institutional investors.

Amazon.com Trading Down 0.2 %

The company has a debt-to-equity ratio of 0.29, a current ratio of 1.05 and a quick ratio of 0.84. The firm has a fifty day simple moving average of $176.88 and a two-hundred day simple moving average of $156.19. The firm has a market capitalization of $1.91 trillion, a P/E ratio of 63.21, a price-to-earnings-growth ratio of 1.62 and a beta of 1.17.

Amazon.com (NASDAQ:AMZN - Get Free Report) last posted its quarterly earnings results on Thursday, February 1st. The e-commerce giant reported $1.00 earnings per share for the quarter, topping the consensus estimate of $0.81 by $0.19. Amazon.com had a return on equity of 16.61% and a net margin of 5.29%. The company had revenue of $169.96 billion during the quarter, compared to the consensus estimate of $165.96 billion. During the same quarter in the prior year, the company earned $0.21 EPS. The firm's quarterly revenue was up 13.9% compared to the same quarter last year. On average, equities research analysts anticipate that Amazon.com, Inc. will post 4.08 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.