Amazon.com (NASDAQ:AMZN) Trading 2.7% Higher Following Analyst Upgrade

Amazon.com, Inc. (NASDAQ:AMZN) traded up 2.7% during mid-day trading on Friday after UBS Group raised their price target on the stock from $198.00 to $215.00. UBS Group currently has a buy rating on the stock. Amazon.com traded as high as $179.20 and last traded at $178.37. 14,269,038 shares traded hands during mid-day trading, a decline of 66% from the average session volume of 42,457,242 shares. The stock had previously closed at $173.67.

Several other brokerages also recently commented on AMZN. Stifel Nicolaus upped their price target on shares of Amazon.com from $200.00 to $224.00 and gave the company a "buy" rating in a research report on Tuesday, April 16th. Evercore ISI raised their target price on Amazon.com from $195.00 to $220.00 and gave the stock an "outperform" rating in a research report on Friday, February 2nd. Mizuho upped their price target on Amazon.com from $220.00 to $230.00 and gave the company a "buy" rating in a research report on Friday, February 2nd. Telsey Advisory Group restated an "outperform" rating and set a $200.00 price target on shares of Amazon.com in a report on Thursday. Finally, Moffett Nathanson restated a "buy" rating and set a $228.00 price target on shares of Amazon.com in a report on Thursday, April 11th. One analyst has rated the stock with a hold rating, forty-four have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the company currently has a consensus rating of "Buy" and an average price target of $205.13.

Insider Transactions at Amazon.com

In other Amazon.com news, CEO Adam Selipsky sold 500 shares of the business's stock in a transaction on Thursday, February 1st. The stock was sold at an average price of $155.72, for a total value of $77,860.00. Following the sale, the chief executive officer now directly owns 116,560 shares in the company, valued at $18,150,723.20. The sale was disclosed in a filing with the SEC, which is accessible through this link. In other Amazon.com news, CEO Adam Selipsky sold 500 shares of Amazon.com stock in a transaction dated Thursday, February 1st. The stock was sold at an average price of $155.72, for a total transaction of $77,860.00. Following the completion of the transaction, the chief executive officer now owns 116,560 shares of the company's stock, valued at approximately $18,150,723.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Andrew R. Jassy sold 50,000 shares of the company's stock in a transaction that occurred on Friday, February 16th. The stock was sold at an average price of $168.65, for a total transaction of $8,432,500.00. Following the sale, the chief executive officer now directly owns 2,014,055 shares in the company, valued at approximately $339,670,375.75. The disclosure for this sale can be found here. Insiders sold a total of 32,214,010 shares of company stock worth $5,505,889,146 in the last quarter. Insiders own 10.30% of the company's stock.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Ridgecrest Wealth Partners LLC lifted its position in Amazon.com by 0.7% during the 1st quarter. Ridgecrest Wealth Partners LLC now owns 7,755 shares of the e-commerce giant's stock worth $1,399,000 after acquiring an additional 56 shares during the period. Stordahl Capital Management Inc. boosted its holdings in Amazon.com by 2.1% in the first quarter. Stordahl Capital Management Inc. now owns 2,763 shares of the e-commerce giant's stock valued at $498,000 after acquiring an additional 56 shares during the last quarter. Echo45 Advisors LLC raised its holdings in shares of Amazon.com by 0.9% during the 1st quarter. Echo45 Advisors LLC now owns 6,619 shares of the e-commerce giant's stock valued at $1,194,000 after buying an additional 59 shares during the period. ShoreHaven Wealth Partners LLC lifted its position in Amazon.com by 1.9% during the 4th quarter. ShoreHaven Wealth Partners LLC now owns 3,234 shares of the e-commerce giant's stock worth $491,000 after acquiring an additional 60 shares in the last quarter. Finally, Boyd Wealth Management LLC grew its position in Amazon.com by 1.7% in the first quarter. Boyd Wealth Management LLC now owns 3,655 shares of the e-commerce giant's stock valued at $659,000 after acquiring an additional 60 shares in the last quarter. 72.20% of the stock is currently owned by institutional investors.

Amazon.com Price Performance

The company has a market cap of $1.87 trillion, a PE ratio of 61.51, a price-to-earnings-growth ratio of 1.53 and a beta of 1.16. The business's 50 day moving average price is $177.79 and its 200-day moving average price is $158.23. 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 posted its quarterly earnings data on Thursday, February 1st. The e-commerce giant reported $1.00 earnings per share for the quarter, beating analysts' consensus estimates of $0.81 by $0.19. Amazon.com had a net margin of 5.29% and a return on equity of 16.61%. The company had revenue of $169.96 billion during the quarter, compared to analysts' expectations of $165.96 billion. During the same period in the prior year, the company posted $0.21 EPS. The firm's revenue for the quarter was up 13.9% on a year-over-year basis. As a group, analysts forecast that Amazon.com, Inc. will post 4.1 earnings per share 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.