Amazon.com (NASDAQ:AMZN) Shares Up 1.1% on Analyst Upgrade

Amazon.com, Inc. (NASDAQ:AMZN) traded up 1.1% during mid-day trading on Friday after Argus raised their price target on the stock from $185.00 to $205.00. Argus currently has a buy rating on the stock. Amazon.com traded as high as $187.87 and last traded at $186.73. 16,756,821 shares were traded during trading, a decline of 62% from the average session volume of 43,973,594 shares. The stock had previously closed at $184.72.

A number of other research analysts have also weighed in on AMZN. TD Cowen raised their price target on shares of Amazon.com from $200.00 to $225.00 and gave the company an "outperform" rating in a research note on Friday, February 2nd. Needham & Company LLC reaffirmed a "buy" rating and issued a $205.00 price target on shares of Amazon.com in a research note on Wednesday. Piper Sandler boosted their price target on Amazon.com from $205.00 to $220.00 and gave the stock an "overweight" rating in a research report on Wednesday. Evercore ISI raised their price objective on Amazon.com from $220.00 to $225.00 and gave the company an "outperform" rating in a report on Wednesday. Finally, Susquehanna upped their target price on shares of Amazon.com from $185.00 to $220.00 and gave the stock a "positive" rating in a report on Friday, February 2nd. One 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 stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Buy" and an average price target of $211.07.

Insider Buying and Selling at Amazon.com

In other news, insider Jeffrey P. Bezos sold 5,998,849 shares of the stock in a transaction on Wednesday, February 7th. The stock was sold at an average price of $170.16, for a total value of $1,020,764,145.84. Following the sale, the insider now directly owns 982,252,968 shares in the company, valued at $167,140,165,034.88. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In related news, insider Jeffrey P. Bezos sold 2,009,208 shares of Amazon.com stock in a transaction on Tuesday, February 20th. The shares were sold at an average price of $166.79, for a total transaction of $335,115,802.32. Following the sale, the insider now directly owns 938,251,817 shares in the company, valued at approximately $156,491,020,557.43. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Jeffrey P. Bezos sold 5,998,849 shares of the company'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 completion of the transaction, the insider now owns 982,252,968 shares of the company's stock, valued at approximately $167,140,165,034.88. The disclosure for this sale can be found here. Insiders sold 32,217,010 shares of company stock valued at $5,506,442,301 in the last 90 days. Company insiders own 10.80% of the company's stock.

Institutional Trading of Amazon.com

Several institutional investors and hedge funds have recently made changes to their positions in the company. Signaturefd LLC lifted its stake in Amazon.com by 3.5% in the first quarter. Signaturefd LLC now owns 260,867 shares of the e-commerce giant's stock valued at $47,055,000 after buying an additional 8,754 shares during the last quarter. VeraBank N.A. raised its position in Amazon.com by 6.5% in the 1st quarter. VeraBank N.A. now owns 15,840 shares of the e-commerce giant's stock valued at $2,857,000 after purchasing an additional 960 shares during the last quarter. Gold Investment Management Ltd. boosted its stake in Amazon.com by 2.3% during the 1st quarter. Gold Investment Management Ltd. now owns 13,679 shares of the e-commerce giant's stock worth $2,467,000 after purchasing an additional 308 shares during the period. CV Advisors LLC grew its position in Amazon.com by 27.9% during the 1st quarter. CV Advisors LLC now owns 54,526 shares of the e-commerce giant's stock worth $9,835,000 after purchasing an additional 11,879 shares during the last quarter. Finally, Carson Advisory Inc. increased its stake in Amazon.com by 1.4% in the first quarter. Carson Advisory Inc. now owns 6,765 shares of the e-commerce giant's stock valued at $1,220,000 after purchasing an additional 91 shares during the period. 72.20% of the stock is owned by hedge funds and other institutional investors.

Amazon.com Stock Up 0.8 %

The firm has a market capitalization of $1.93 trillion, a PE ratio of 52.16, a PEG ratio of 1.55 and a beta of 1.15. The business's fifty day moving average price is $178.79 and its 200 day moving average price is $159.95. The company has a quick ratio of 0.84, a current ratio of 1.07 and a debt-to-equity ratio of 0.27.

Amazon.com (NASDAQ:AMZN - Get Free Report) last issued its quarterly earnings results on Tuesday, April 30th. The e-commerce giant reported $0.98 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.83 by $0.15. Amazon.com had a return on equity of 19.86% and a net margin of 6.38%. The firm had revenue of $143.31 billion for the quarter, compared to analysts' expectations of $142.65 billion. During the same quarter in the previous year, the firm posted $0.31 EPS. The firm's revenue for the quarter was up 12.5% on a year-over-year basis. On average, equities research analysts forecast that Amazon.com, Inc. will post 4.12 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.