Amazon.com (NASDAQ:AMZN) Stock Price Up 0.2% Following Analyst Upgrade

Shares of Amazon.com, Inc. (NASDAQ:AMZN) rose 0.2% on Tuesday 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 $189.46 and last traded at $189.08. Approximately 10,163,606 shares changed hands during trading, a decline of 77% from the average daily volume of 43,753,746 shares. The stock had previously closed at $188.70.

AMZN has been the subject of a number of other research reports. JMP Securities reissued a "market outperform" rating and set a $225.00 target price on shares of Amazon.com in a research note on Wednesday, May 1st. Piper Sandler increased their target price on Amazon.com from $205.00 to $220.00 and gave the company an "overweight" rating in a report on Wednesday, May 1st. Susquehanna lifted their price target on Amazon.com from $185.00 to $220.00 and gave the stock a "positive" rating in a research note on Friday, February 2nd. Stifel Nicolaus increased their target price on shares of Amazon.com from $224.00 to $228.00 and gave the company a "buy" rating in a research report on Wednesday, May 1st. Finally, Wolfe Research boosted their price target on shares of Amazon.com from $195.00 to $205.00 and gave the stock an "outperform" rating in a research report on Friday, February 2nd. One research analyst has rated the stock with a hold rating, forty-four have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of "Buy" and an average price target of $211.62.

Insiders Place Their Bets

In related news, CEO Douglas J. Herrington sold 3,500 shares of the 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 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 Securities & Exchange Commission, which is accessible through this link. In related news, CEO Douglas J. Herrington sold 3,500 shares of the company'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 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 sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Jeffrey P. Bezos sold 2,009,208 shares of the firm's stock in a transaction that occurred on Tuesday, February 20th. The stock was 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 disclosure for this sale can be found here. Insiders sold 32,217,010 shares of company stock worth $5,506,442,301 in the last 90 days. Corporate insiders own 10.80% of the company's stock.

Institutional Investors Weigh In On Amazon.com

Several hedge funds have recently made changes to their positions in the business. Meeder Asset Management Inc. lifted its stake in shares of Amazon.com by 44.0% in the 1st quarter. Meeder Asset Management Inc. now owns 207,028 shares of the e-commerce giant's stock worth $37,344,000 after acquiring an additional 63,291 shares during the period. Pointe Capital Management LLC grew its holdings in Amazon.com by 3.5% during the first quarter. Pointe Capital Management LLC now owns 12,409 shares of the e-commerce giant's stock worth $2,238,000 after acquiring an additional 420 shares during the period. NorthRock Partners LLC grew its holdings in Amazon.com by 10.0% during the first quarter. NorthRock Partners LLC now owns 76,440 shares of the e-commerce giant's stock worth $13,788,000 after acquiring an additional 6,960 shares during the period. Choate Investment Advisors raised its position in Amazon.com by 2.8% in the first quarter. Choate Investment Advisors now owns 388,326 shares of the e-commerce giant's stock worth $70,046,000 after acquiring an additional 10,411 shares in the last quarter. Finally, American Planning Services Inc. lifted its holdings in Amazon.com by 9.9% in the first quarter. American Planning Services Inc. now owns 3,735 shares of the e-commerce giant's stock valued at $674,000 after acquiring an additional 337 shares during the period. Institutional investors and hedge funds own 72.20% of the company's stock.

Amazon.com Stock Up 0.0 %

The firm's 50-day simple moving average is $179.60 and its 200 day simple moving average is $161.63. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.87 and a current ratio of 1.07. The company has a market capitalization of $1.96 trillion, a PE ratio of 52.87, a price-to-earnings-growth ratio of 1.35 and a beta of 1.15.

Amazon.com (NASDAQ:AMZN - Get Free Report) last issued its quarterly earnings data on Tuesday, April 30th. The e-commerce giant reported $0.98 EPS for the quarter, beating analysts' consensus estimates of $0.83 by $0.15. Amazon.com had a net margin of 6.38% and a return on equity of 19.86%. The firm had revenue of $143.31 billion for the quarter, compared to analysts' expectations of $142.65 billion. During the same period in the prior year, the company earned $0.31 EPS. The firm's revenue was up 12.5% on a year-over-year basis. As a group, equities research analysts forecast that Amazon.com, Inc. will post 4.67 earnings per share for the current 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.