Amazon.com (NASDAQ:AMZN) Shares Up 0.5% on Analyst Upgrade

Shares of Amazon.com, Inc. (NASDAQ:AMZN) shot up 0.5% during trading on Thursday 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 $182.36 and last traded at $182.23. 8,541,522 shares changed hands during mid-day trading, a decline of 80% from the average session volume of 42,507,773 shares. The stock had previously closed at $181.28.

A number of other equities analysts also recently commented on AMZN. JMP Securities lifted their target price on Amazon.com from $175.00 to $225.00 and gave the company an "outperform" rating in a research note on Friday, February 2nd. Mizuho lifted their target price on Amazon.com from $220.00 to $230.00 and gave the company a "buy" rating in a research note on Friday, February 2nd. Raymond James boosted their price objective on Amazon.com from $185.00 to $200.00 and gave the stock a "strong-buy" rating in a research report on Friday, February 2nd. Piper Sandler boosted their price objective on Amazon.com from $185.00 to $205.00 and gave the stock an "overweight" rating in a research report on Friday, February 2nd. Finally, Evercore ISI boosted their price objective on Amazon.com from $195.00 to $220.00 and gave the stock an "outperform" rating in a research report on Friday, February 2nd. One investment 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's stock. Based on data from MarketBeat.com, the stock has an average rating of "Buy" and a consensus price target of $202.80.

Insider Buying and Selling at Amazon.com

In other news, CEO Adam Selipsky sold 500 shares of the business's stock in a transaction on Thursday, February 1st. The shares were sold at an average price of $155.72, for a total transaction of $77,860.00. Following the transaction, the chief executive officer now directly owns 116,560 shares in the company, valued at approximately $18,150,723.20. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. In other news, CEO Adam Selipsky sold 500 shares of the business's stock in a transaction on Thursday, February 1st. The shares were sold at an average price of $155.72, for a total transaction of $77,860.00. Following the transaction, the chief executive officer now directly owns 116,560 shares in the company, valued at approximately $18,150,723.20. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, insider Jeffrey P. Bezos sold 5,998,849 shares of the business's stock in a transaction on Wednesday, February 7th. The shares were sold at an average price of $170.16, for a total transaction of $1,020,764,145.84. Following the transaction, the insider now owns 982,252,968 shares in the company, valued at $167,140,165,034.88. The disclosure for this sale can be found here. Insiders have sold a total of 32,213,510 shares of company stock valued at $5,505,798,456 in the last three months. 12.30% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Amazon.com

Large investors have recently bought and sold shares of the business. Register Financial Advisors LLC boosted its holdings in Amazon.com by 14.3% in the third quarter. Register Financial Advisors LLC now owns 5,263 shares of the e-commerce giant's stock worth $669,000 after purchasing an additional 657 shares in the last quarter. Wedge Capital Management L L P NC lifted its position in 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 acquiring an additional 148 shares during the last quarter. Cherrydale Wealth Management LLC grew its position in shares of Amazon.com by 14.7% in the fourth quarter. Cherrydale Wealth Management LLC now owns 5,260 shares of the e-commerce giant's stock valued at $799,000 after purchasing an additional 675 shares during the last quarter. Tompkins Financial Corp grew its position in shares of Amazon.com by 3.3% in the fourth quarter. Tompkins Financial Corp now owns 71,576 shares of the e-commerce giant's stock valued at $10,875,000 after purchasing an additional 2,273 shares during the last quarter. Finally, Nicholas Company Inc. grew its position in shares of 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 currently owned by institutional investors.

Amazon.com Trading Down 1.1 %

The company has a market capitalization of $1.86 trillion, a price-to-earnings ratio of 61.80, a P/E/G ratio of 1.60 and a beta of 1.16. The company has a 50-day moving average price of $177.28 and a 200-day moving average price of $156.52. The company has a quick ratio of 0.84, a current ratio of 1.05 and a debt-to-equity ratio of 0.29.

Amazon.com (NASDAQ:AMZN - Get Free Report) last issued its quarterly earnings results on Thursday, February 1st. The e-commerce giant reported $1.00 earnings per share (EPS) 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 the consensus estimate of $165.96 billion. Amazon.com had a return on equity of 16.61% and a net margin of 5.29%. The firm's revenue was up 13.9% compared to the same quarter last year. During the same period last year, the business posted $0.21 earnings per share. Research analysts predict that Amazon.com, Inc. will post 4.08 EPS for the current fiscal 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.