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

Amazon.com, Inc. (NASDAQ:AMZN) shares were up 0% during mid-day trading on Wednesday after Truist Financial raised their price target on the stock from $195.00 to $216.00. Truist Financial currently has a buy rating on the stock. Amazon.com traded as high as $184.57 and last traded at $183.33. Approximately 7,470,453 shares changed hands during trading, a decline of 82% from the average daily volume of 42,636,355 shares. The stock had previously closed at $183.32.

Several other analysts also recently issued reports on AMZN. UBS Group increased their price objective on shares of Amazon.com from $180.00 to $198.00 and gave the company a "buy" rating in a research report on Friday, February 2nd. Telsey Advisory Group reaffirmed an "outperform" rating and issued a $200.00 price objective on shares of Amazon.com in a research report on Wednesday, March 27th. Moffett Nathanson reaffirmed a "buy" rating and issued a $228.00 price objective on shares of Amazon.com in a research report on Thursday, April 11th. Maxim Group initiated coverage on shares of Amazon.com in a research report on Wednesday. They issued a "buy" rating and a $218.00 price objective for the company. Finally, TD Cowen raised their price target on shares of Amazon.com from $200.00 to $225.00 and gave the stock an "outperform" rating in a research report on Friday, February 2nd. One equities research analyst has rated the stock with a hold rating, forty-four have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of "Buy" and a consensus price target of $202.80.

Insider Buying and Selling

In related news, CEO Adam Selipsky sold 500 shares of Amazon.com stock in a transaction dated Thursday, April 4th. The stock was sold at an average price of $184.00, for a total transaction of $92,000.00. Following the transaction, the chief executive officer now directly owns 131,600 shares of the company's stock, valued at $24,214,400. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. In related news, CEO Douglas J. Herrington sold 3,500 shares of Amazon.com stock in a transaction dated Monday, April 1st. The stock was sold at an average price of $180.73, for a total value of $632,555.00. Following the transaction, the chief executive officer now owns 512,858 shares of the company's stock, valued at approximately $92,688,826.34. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Adam Selipsky sold 500 shares of Amazon.com stock in a transaction dated Thursday, April 4th. The stock was sold at an average price of $184.00, for a total value of $92,000.00. Following the completion of the transaction, the chief executive officer now directly owns 131,600 shares in the company, valued at approximately $24,214,400. The disclosure for this sale can be found here. Insiders have sold a total of 32,214,010 shares of company stock valued at $5,505,874,846 over the last three months. Company insiders own 12.70% of the company's stock.

Hedge Funds Weigh In On Amazon.com

Institutional investors have recently bought and sold shares of the stock. Mayflower Financial Advisors LLC increased its stake in Amazon.com by 0.3% in the 3rd quarter. Mayflower Financial Advisors LLC now owns 194,762 shares of the e-commerce giant's stock worth $25,000 after purchasing an additional 572 shares in the last quarter. Cooksen Wealth LLC purchased a new position in Amazon.com during the 4th quarter valued at about $30,000. PayPay Securities Corp grew its stake in Amazon.com by 54.3% during the 3rd quarter. PayPay Securities Corp now owns 267 shares of the e-commerce giant's stock valued at $34,000 after acquiring an additional 94 shares in the last quarter. Laurel Wealth Planning LLC grew its stake in Amazon.com by 1,900.0% during the 2nd quarter. Laurel Wealth Planning LLC now owns 320 shares of the e-commerce giant's stock valued at $34,000 after acquiring an additional 304 shares in the last quarter. Finally, Sanctuary Wealth Management L.L.C. purchased a new position in Amazon.com during the 4th quarter valued at about $37,000. Hedge funds and other institutional investors own 72.20% of the company's stock.

Amazon.com Trading Down 1.1 %

The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.84 and a current ratio of 1.05. The company has a 50 day simple moving average of $176.88 and a two-hundred day simple moving average of $156.19. The company has a market cap of $1.89 trillion, a PE ratio of 62.51, a PEG ratio of 1.60 and a beta of 1.16.

Amazon.com (NASDAQ:AMZN - Get Free Report) last released its earnings results on Thursday, February 1st. The e-commerce giant reported $1.00 earnings per share for the quarter, beating the consensus estimate of $0.81 by $0.19. The company had revenue of $169.96 billion for the quarter, compared to analysts' expectations of $165.96 billion. Amazon.com had a return on equity of 16.61% and a net margin of 5.29%. The business's revenue for the quarter was up 13.9% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.21 EPS. Sell-side analysts forecast that Amazon.com, Inc. will post 4.08 EPS for the current year.

About Amazon.com

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.