Amazon.com (NASDAQ:AMZN) Trading Up 0.1% Following Analyst Upgrade

Amazon.com, Inc. (NASDAQ:AMZN) shot up 0.1% during mid-day trading on Monday after Evercore ISI raised their price target on the stock from $225.00 to $240.00. Evercore ISI currently has an outperform rating on the stock. Amazon.com traded as high as $192.40 and last traded at $191.76. 7,230,764 shares traded hands during mid-day trading, a decline of 83% from the average session volume of 42,151,555 shares. The stock had previously closed at $191.60.

Other research analysts have also recently issued research reports about the company. Wells Fargo & Company reduced their target price on Amazon.com from $232.00 to $225.00 and set an “overweight” rating on the stock in a research note on Monday, August 26th. The Goldman Sachs Group dropped their target price on Amazon.com from $250.00 to $230.00 and set a “buy” rating for the company in a report on Friday, August 2nd. JMP Securities boosted their price objective on Amazon.com from $245.00 to $265.00 and gave the company a “market outperform” rating in a research report on Tuesday, September 3rd. Wolfe Research started coverage on shares of Amazon.com in a report on Tuesday, July 16th. They issued an “outperform” rating and a $250.00 target price on the stock. Finally, Jefferies Financial Group lowered their price target on shares of Amazon.com from $235.00 to $225.00 and set a “buy” rating for the company in a report on Friday, August 2nd. One equities research analyst has rated the stock with a hold rating, forty-one have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, Amazon.com has an average rating of “Buy” and an average price target of $222.84.

Insider Activity at Amazon.com

In other Amazon.com news, insider Jeffrey P. Bezos sold 3,085,116 shares of the firm’s stock in a transaction dated Friday, July 5th. The shares were sold at an average price of $200.07, for a total transaction of $617,239,158.12. Following the transaction, the insider now owns 931,925,277 shares of the company’s stock, valued at approximately $186,450,290,169.39. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other Amazon.com news, insider Jeffrey P. Bezos sold 3,085,116 shares of the stock in a transaction on Friday, July 5th. The stock was sold at an average price of $200.07, for a total transaction of $617,239,158.12. Following the sale, the insider now owns 931,925,277 shares of the company’s stock, valued at approximately $186,450,290,169.39. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Douglas J. Herrington sold 3,500 shares of the business’s stock in a transaction on Monday, July 1st. The stock was sold at an average price of $195.99, for a total value of $685,965.00. Following the completion of the transaction, the chief executive officer now directly owns 519,753 shares of the company’s stock, valued at $101,866,390.47. The disclosure for this sale can be found here. Insiders sold 6,104,317 shares of company stock worth $1,220,621,322 over the last three months. 10.80% of the stock is owned by corporate insiders.

Institutional Trading of Amazon.com

A number of institutional investors have recently modified their holdings of the company. Cooksen Wealth LLC purchased a new position in Amazon.com in the fourth quarter worth $30,000. PayPay Securities Corp lifted its holdings in shares of Amazon.com by 64.6% during the 2nd quarter. PayPay Securities Corp now owns 163 shares of the e-commerce giant’s stock valued at $32,000 after purchasing an additional 64 shares during the last quarter. Clarity Asset Management Inc. acquired a new stake in shares of Amazon.com in the 4th quarter worth $46,000. Christopher J. Hasenberg Inc grew its stake in Amazon.com by 650.0% during the 2nd quarter. Christopher J. Hasenberg Inc now owns 300 shares of the e-commerce giant’s stock worth $58,000 after buying an additional 260 shares during the last quarter. Finally, Steph & Co. acquired a new position in Amazon.com during the 1st quarter valued at about $65,000. 72.20% of the stock is currently owned by institutional investors.

Amazon.com Stock Performance

The company has a quick ratio of 0.88, a current ratio of 1.10 and a debt-to-equity ratio of 0.23. The company has a market capitalization of $2.00 trillion, a PE ratio of 53.71, a PEG ratio of 1.39 and a beta of 1.14. The business has a 50 day simple moving average of $178.54 and a 200 day simple moving average of $182.10.

Amazon.com (NASDAQ:AMZN) last announced its quarterly earnings data on Thursday, August 1st. The e-commerce giant reported $1.23 earnings per share for the quarter, beating analysts’ consensus estimates of $1.05 by $0.18. Amazon.com had a return on equity of 21.39% and a net margin of 7.35%. The business had revenue of $147.98 billion for the quarter, compared to analyst estimates of $148.63 billion. Equities research analysts predict that Amazon.com, Inc. will post 4.86 EPS 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.