Amazon.com (NASDAQ:AMZN) Stock Price Up 0.3% Following Analyst Upgrade

Amazon.com, Inc. (NASDAQ:AMZN)’s share price traded up 0.3% on Thursday after DA Davidson raised their price target on the stock from $200.00 to $235.00. DA Davidson currently has a buy rating on the stock. Amazon.com traded as high as $187.00 and last traded at $186.50. 11,128,222 shares were traded during mid-day trading, a decline of 74% from the average session volume of 42,858,082 shares. The stock had previously closed at $185.95.

AMZN has been the topic of several other research reports. Piper Sandler raised their price objective on Amazon.com from $185.00 to $205.00 and gave the stock an “overweight” rating in a report on Friday, February 2nd. BMO Capital Markets initiated coverage on Amazon.com in a report on Tuesday, January 9th. They set an “outperform” rating and a $200.00 price target on the stock. Benchmark raised their price objective on shares of Amazon.com from $175.00 to $200.00 and gave the company a “buy” rating in a research report on Friday, February 2nd. TD Cowen raised their price objective on shares of Amazon.com from $200.00 to $225.00 and gave the company an “outperform” rating in a research report on Friday, February 2nd. Finally, Barclays raised their price objective on shares of Amazon.com from $190.00 to $220.00 and gave the company an “overweight” rating in a research report on Friday, February 2nd. One investment analyst has rated the stock with a hold rating, forty-three have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Buy” and an average target price of $201.43.

Insider Transactions at Amazon.com

In other Amazon.com news, VP Shelley Reynolds sold 3,100 shares of the stock in a transaction that occurred on Wednesday, February 21st. The shares were sold at an average price of $168.97, for a total value of $523,807.00. Following the completion of the sale, the vice president now owns 119,780 shares in the company, valued at approximately $20,239,226.60. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. In related news, VP Shelley Reynolds sold 3,100 shares of the business’s stock in a transaction that occurred on Wednesday, February 21st. The stock was sold at an average price of $168.97, for a total value of $523,807.00. Following the completion of the sale, the vice president now owns 119,780 shares of the company’s stock, valued at approximately $20,239,226.60. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, Director Jonathan Rubinstein sold 12,133 shares of the firm’s stock in a transaction that occurred on Friday, February 9th. The shares were sold at an average price of $171.00, for a total transaction of $2,074,743.00. Following the transaction, the director now directly owns 115,220 shares in the company, valued at approximately $19,702,620. The disclosure for this sale can be found here. Insiders sold 32,214,010 shares of company stock valued at $5,505,874,846 over the last three months. 12.30% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Amazon.com

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Register Financial Advisors LLC increased its position in Amazon.com by 14.3% during the third quarter. Register Financial Advisors LLC now owns 5,263 shares of the e-commerce giant’s stock worth $669,000 after acquiring an additional 657 shares during the period. Wedge Capital Management L L P NC boosted its stake in Amazon.com by 1.0% during the third 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 buying an additional 148 shares in the last quarter. Cherrydale Wealth Management LLC boosted its stake in Amazon.com by 14.7% during the fourth quarter. Cherrydale Wealth Management LLC now owns 5,260 shares of the e-commerce giant’s stock worth $799,000 after buying an additional 675 shares in the last quarter. Tompkins Financial Corp boosted its stake in shares of Amazon.com by 3.3% in the 4th 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 in the last quarter. Finally, Nicholas Company Inc. boosted its stake in shares of Amazon.com by 3.9% in the 3rd 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 in the last quarter. Institutional investors own 72.20% of the company’s stock.

Amazon.com Price Performance

The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.84 and a current ratio of 1.05. The company’s 50 day moving average price is $176.33 and its 200 day moving average price is $154.98. The company has a market cap of $1.93 trillion, a price-to-earnings ratio of 64.18, a P/E/G ratio of 1.62 and a beta of 1.16.

Amazon.com (NASDAQ:AMZN) last released its quarterly earnings results on Thursday, February 1st. The e-commerce giant reported $1.00 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.81 by $0.19. Amazon.com had a return on equity of 16.61% and a net margin of 5.29%. The business had revenue of $169.96 billion during the quarter, compared to analysts’ expectations of $165.96 billion. During the same period in the previous year, the business posted $0.21 earnings per share. The firm’s revenue for the quarter was up 13.9% compared to the same quarter last year. On average, equities research analysts predict that Amazon.com, Inc. will post 4.08 earnings per share 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.