Amazon.com (NASDAQ:AMZN) Shares Up 0.2% on Analyst Upgrade

Amazon.com, Inc. (NASDAQ:AMZN)’s stock price was up 0.2% during mid-day trading on Tuesday after Stifel Nicolaus raised their price target on the stock from $200.00 to $224.00. Stifel Nicolaus currently has a buy rating on the stock. Amazon.com traded as high as $184.70 and last traded at $184.02. Approximately 10,940,023 shares changed hands during trading, a decline of 74% from the average daily volume of 42,826,176 shares. The stock had previously closed at $183.62.

Several other research firms have also recently issued reports on AMZN. Moffett Nathanson reissued a “buy” rating and issued a $228.00 target price on shares of Amazon.com in a research note on Thursday, April 11th. Mizuho raised their target price on Amazon.com from $220.00 to $230.00 and gave the stock a “buy” rating in a research note on Friday, February 2nd. Wells Fargo & Company raised their target price on Amazon.com from $211.00 to $217.00 and gave the stock an “overweight” rating in a research note on Monday, April 1st. Oppenheimer raised their target price on Amazon.com from $200.00 to $210.00 and gave the stock an “outperform” rating in a research note on Friday, February 2nd. Finally, Wedbush reissued an “outperform” rating and issued a $220.00 target price on shares of Amazon.com in a research note on Wednesday, April 10th. One investment analyst has rated the stock with a hold rating, forty-three have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Buy” and a consensus price target of $201.98.

Insider Buying and Selling

In other Amazon.com news, CEO Adam Selipsky sold 500 shares of the business’s stock in a transaction on Thursday, January 18th. The shares were sold at an average price of $152.78, for a total value of $76,390.00. Following the sale, the chief executive officer now owns 117,560 shares in the company, valued at approximately $17,960,816.80. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other news, CEO Adam Selipsky sold 500 shares of the company’s stock in a transaction dated Thursday, January 18th. The shares were sold at an average price of $152.78, for a total transaction of $76,390.00. Following the sale, the chief executive officer now directly owns 117,560 shares in the company, valued at approximately $17,960,816.80. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Douglas J. Herrington sold 20,200 shares of the stock in a transaction dated Wednesday, February 7th. The stock was sold at an average price of $169.99, for a total transaction of $3,433,798.00. Following the completion of the sale, the chief executive officer now directly owns 514,131 shares in the company, valued at $87,397,128.69. The disclosure for this sale can be found here. In the last quarter, insiders sold 32,214,010 shares of company stock valued at $5,505,874,846. Company insiders own 12.70% of the company’s stock.

Hedge Funds Weigh In On Amazon.com

Hedge funds have recently added to or reduced their stakes in the stock. Bridgefront Capital LLC bought a new position in Amazon.com in the 1st quarter worth about $228,000. Krane Funds Advisors LLC grew its stake in Amazon.com by 239.1% in the 1st quarter. Krane Funds Advisors LLC now owns 78 shares of the e-commerce giant’s stock worth $254,000 after acquiring an additional 55 shares in the last quarter. Range Financial Group LLC bought a new position in Amazon.com in the 1st quarter worth about $258,000. My Personal CFO LLC bought a new position in Amazon.com in the 1st quarter worth about $261,000. Finally, Worth Asset Management LLC bought a new position in shares of Amazon.com during the first quarter valued at approximately $191,000. 72.20% of the stock is currently owned by institutional investors.

Amazon.com Trading Up 0.3 %

The company has a quick ratio of 0.84, a current ratio of 1.05 and a debt-to-equity ratio of 0.29. The stock’s 50 day moving average price is $176.60 and its 200-day moving average price is $155.79. The stock has a market capitalization of $1.92 trillion, a P/E ratio of 63.46, a P/E/G ratio of 1.62 and a beta of 1.17.

Amazon.com (NASDAQ:AMZN) last released its quarterly earnings data 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 net margin of 5.29% and a return on equity of 16.61%. The firm had revenue of $169.96 billion for the quarter, compared to the consensus estimate of $165.96 billion. During the same period last year, the firm earned $0.21 earnings per share. The company’s quarterly revenue was up 13.9% on a year-over-year basis. As a group, equities research analysts expect that Amazon.com, Inc. will post 4.08 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.