Amazon.com (NASDAQ:AMZN) Trading 0.3% Higher on Analyst Upgrade

Amazon.com, Inc. (NASDAQ:AMZN) shares traded up 0.3% during mid-day trading on Monday after Loop Capital raised their price target on the stock from $215.00 to $225.00. Loop Capital currently has a buy rating on the stock. Amazon.com traded as high as $187.05 and last traded at $186.78. 12,806,447 shares changed hands during mid-day trading, a decline of 71% from the average session volume of 43,885,734 shares. The stock had previously closed at $186.21.

A number of other analysts have also weighed in on the company. BMO Capital Markets increased their target price on Amazon.com from $215.00 to $220.00 and gave the stock an "outperform" rating in a research note on Wednesday, May 1st. Barclays lifted their price objective on shares of Amazon.com from $220.00 to $230.00 and gave the company an "overweight" rating in a report on Wednesday, May 1st. Benchmark restated a "buy" rating and issued a $200.00 target price on shares of Amazon.com in a research note on Wednesday, May 1st. JMP Securities restated a "market outperform" rating and issued a $225.00 price objective on shares of Amazon.com in a report on Wednesday, May 1st. Finally, Robert W. Baird boosted their price target on Amazon.com from $205.00 to $210.00 and gave the stock an "outperform" rating in a research report on Wednesday, May 1st. One investment analyst has rated the stock with a hold rating, forty-four have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, Amazon.com has an average rating of "Buy" and an average target price of $211.62.

Insider Buying and Selling

In other news, CEO Douglas J. Herrington sold 3,500 shares of the business's stock in a transaction that occurred on Wednesday, May 1st. The stock was sold at an average price of $180.29, for a total value of $631,015.00. Following the transaction, the chief executive officer now owns 509,358 shares of the company's stock, valued at $91,832,153.82. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. In other Amazon.com news, VP Shelley Reynolds sold 3,100 shares of the company's stock in a transaction dated Wednesday, February 21st. The shares were sold at an average price of $168.97, for a total transaction of $523,807.00. Following the transaction, the vice president now directly owns 119,780 shares in the company, valued at $20,239,226.60. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Douglas J. Herrington sold 3,500 shares of the business's stock in a transaction on Wednesday, May 1st. The stock was sold at an average price of $180.29, for a total value of $631,015.00. Following the completion of the transaction, the chief executive officer now directly owns 509,358 shares of the company's stock, valued at $91,832,153.82. The disclosure for this sale can be found here. Insiders have sold a total of 32,217,010 shares of company stock valued at $5,506,442,301 over the last quarter. 10.80% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Amazon.com

Hedge funds have recently modified their holdings of the company. Envestnet Portfolio Solutions Inc. lifted its position in Amazon.com by 10.4% during the first quarter. Envestnet Portfolio Solutions Inc. now owns 519,213 shares of the e-commerce giant's stock worth $93,656,000 after buying an additional 48,933 shares during the period. Empirical Finance LLC grew its holdings in Amazon.com by 3.6% in the first quarter. Empirical Finance LLC now owns 318,667 shares of the e-commerce giant's stock valued at $57,481,000 after purchasing an additional 11,133 shares during the period. Concord Investment Counsel Inc. acquired a new position in Amazon.com during the first quarter worth approximately $20,790,000. Davidson Capital Management Inc. raised its stake in Amazon.com by 30,931.1% during the first quarter. Davidson Capital Management Inc. now owns 13,964 shares of the e-commerce giant's stock worth $2,519,000 after purchasing an additional 13,919 shares during the period. Finally, Ballast Inc. boosted its holdings in shares of Amazon.com by 6.3% in the 1st quarter. Ballast Inc. now owns 15,997 shares of the e-commerce giant's stock valued at $2,886,000 after purchasing an additional 954 shares during the last quarter. 72.20% of the stock is owned by institutional investors and hedge funds.

Amazon.com Price Performance

The company has a market capitalization of $1.96 trillion, a PE ratio of 52.86, a PEG ratio of 1.35 and a beta of 1.15. The company has a current ratio of 1.07, a quick ratio of 0.87 and a debt-to-equity ratio of 0.27. The company's 50 day moving average price is $179.29 and its 200-day moving average price is $161.18.

Amazon.com (NASDAQ:AMZN - Get Free Report) last announced its quarterly earnings results on Tuesday, April 30th. The e-commerce giant reported $0.98 EPS for the quarter, topping 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 company had revenue of $143.31 billion during the quarter, compared to analyst estimates of $142.65 billion. During the same period in the prior year, the firm posted $0.31 earnings per share. The firm's revenue was up 12.5% on a year-over-year basis. On average, sell-side analysts forecast that Amazon.com, Inc. will post 4.67 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.