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

Amazon.com, Inc. (NASDAQ:AMZN) was up 0.2% during trading on Tuesday after BMO Capital Markets raised their price target on the stock from $205.00 to $215.00. BMO Capital Markets currently has an outperform rating on the stock. Amazon.com traded as high as $178.51 and last traded at $177.57. Approximately 11,979,464 shares changed hands during mid-day trading, a decline of 72% from the average daily volume of 42,505,699 shares. The stock had previously closed at $177.23.

A number of other analysts have also recently weighed in on AMZN. Piper Sandler boosted their price target on Amazon.com from $185.00 to $205.00 and gave the stock an “overweight” rating in a research report on Friday, February 2nd. Wedbush reaffirmed an “outperform” rating and issued a $220.00 price target on shares of Amazon.com in a research report on Wednesday, April 10th. Needham & Company LLC reaffirmed a “buy” rating and issued a $205.00 price target on shares of Amazon.com in a research report on Thursday, April 18th. Royal Bank of Canada boosted their price target on Amazon.com from $180.00 to $215.00 and gave the stock an “outperform” rating in a research report on Friday, February 2nd. Finally, Maxim Group started coverage on Amazon.com in a research report on Wednesday, April 17th. They set a “buy” rating and a $218.00 price objective for the company. One investment 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’s stock. According to MarketBeat, the stock presently has an average rating of “Buy” and a consensus price target of $203.13.

Insider Buying and Selling

In related news, VP Shelley Reynolds sold 3,100 shares of the stock in a transaction that occurred on Wednesday, February 21st. The stock was sold at an average price of $168.97, for a total transaction of $523,807.00. Following the sale, the vice president now directly owns 119,780 shares in the company, valued at approximately $20,239,226.60. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. In other Amazon.com news, CEO Adam Selipsky sold 500 shares of the company’s stock in a transaction on Thursday, April 4th. The stock was sold at an average price of $184.00, for a total transaction of $92,000.00. Following the transaction, the chief executive officer now owns 131,600 shares of the company’s stock, valued at approximately $24,214,400. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, VP Shelley Reynolds sold 3,100 shares of the company’s stock in a transaction 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 transaction, the vice president now directly owns 119,780 shares in the company, valued at approximately $20,239,226.60. The disclosure for this sale can be found here. Insiders have sold a total of 32,214,010 shares of company stock worth $5,505,889,146 in the last three months. Insiders own 10.80% of the company’s stock.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of AMZN. Register Financial Advisors LLC lifted its stake in shares of Amazon.com by 14.3% in the 3rd quarter. Register Financial Advisors LLC now owns 5,263 shares of the e-commerce giant’s stock valued at $669,000 after purchasing an additional 657 shares during the period. Wedge Capital Management L L P NC lifted its stake in shares of Amazon.com by 1.0% in the 3rd quarter. Wedge Capital Management L L P NC now owns 14,613 shares of the e-commerce giant’s stock valued at $1,858,000 after purchasing an additional 148 shares during the period. Cherrydale Wealth Management LLC lifted its stake in shares of Amazon.com by 14.7% in the 4th quarter. Cherrydale Wealth Management LLC now owns 5,260 shares of the e-commerce giant’s stock valued at $799,000 after purchasing an additional 675 shares during the period. Tompkins Financial Corp lifted 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 during the period. Finally, Nicholas Company Inc. lifted 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 during the period. Institutional investors and hedge funds own 72.20% of the company’s stock.

Amazon.com Stock Performance

The company has a market cap of $1.85 trillion, a price-to-earnings ratio of 61.23, a P/E/G ratio of 1.52 and a beta of 1.17. The company has a current ratio of 1.05, a quick ratio of 0.84 and a debt-to-equity ratio of 0.29. The stock has a 50 day moving average price of $177.38 and a two-hundred day moving average price of $157.63.

Amazon.com (NASDAQ:AMZN) last issued its quarterly earnings data on Thursday, February 1st. The e-commerce giant reported $1.00 EPS for the quarter, topping the consensus estimate of $0.81 by $0.19. The business had revenue of $169.96 billion for the quarter, compared to the consensus estimate of $165.96 billion. Amazon.com had a return on equity of 16.61% and a net margin of 5.29%. The firm’s revenue was up 13.9% compared to the same quarter last year. During the same quarter last year, the business posted $0.21 EPS. Analysts predict that Amazon.com, Inc. will post 4.1 EPS 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.