Amazon.com (NASDAQ:AMZN) Trading 0.7% Higher After Analyst Upgrade

Amazon.com, Inc. (NASDAQ:AMZN) shares rose 0.7% on Tuesday after Loop Capital raised their price target on the stock from $225.00 to $275.00. Loop Capital currently has a buy rating on the stock. Amazon.com traded as high as $197.43 and last traded at $197.13. Approximately 7,110,407 shares traded hands during mid-day trading, a decline of 83% from the average daily volume of 41,157,059 shares. The stock had previously closed at $195.78.

AMZN has been the subject of a number of other reports. Itau BBA Securities lowered shares of Amazon.com from an “outperform” rating to a “market perform” rating and set a $186.00 price objective for the company. in a research note on Friday, August 2nd. Evercore ISI lifted their price target on Amazon.com from $240.00 to $260.00 and gave the company an “outperform” rating in a research report on Friday, November 1st. Oppenheimer boosted their price objective on Amazon.com from $220.00 to $230.00 and gave the company an “outperform” rating in a research note on Friday, November 1st. Maxim Group lifted their target price on Amazon.com from $251.00 to $260.00 and gave the company a “buy” rating in a report on Friday, November 1st. Finally, Benchmark upped their price target on Amazon.com from $200.00 to $215.00 and gave the company a “buy” rating in a research report on Friday, November 1st. Two analysts have rated the stock with a hold rating, forty have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $234.55.

Insider Activity

In other news, CEO Andrew R. Jassy sold 20,784 shares of the business’s stock in a transaction dated Wednesday, August 21st. The stock was sold at an average price of $180.77, for a total value of $3,757,123.68. Following the completion of the sale, the chief executive officer now owns 2,056,534 shares of the company’s stock, valued at approximately $371,759,651.18. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. In other Amazon.com news, VP Shelley Reynolds sold 3,791 shares of the firm’s stock in a transaction on Wednesday, August 21st. The shares were sold at an average price of $181.04, for a total value of $686,322.64. Following the sale, the vice president now owns 121,461 shares of the company’s stock, valued at $21,989,299.44. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Andrew R. Jassy sold 20,784 shares of the company’s stock in a transaction dated Wednesday, August 21st. The shares were sold at an average price of $180.77, for a total transaction of $3,757,123.68. Following the transaction, the chief executive officer now directly owns 2,056,534 shares of the company’s stock, valued at approximately $371,759,651.18. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 55,859 shares of company stock valued at $10,215,097. 10.80% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of AMZN. Mechanics Financial Corp lifted its holdings in Amazon.com by 1.6% in the 3rd quarter. Mechanics Financial Corp now owns 18,038 shares of the e-commerce giant’s stock worth $3,361,000 after buying an additional 285 shares during the period. Accent Capital Management LLC increased its stake in shares of Amazon.com by 16.1% during the third quarter. Accent Capital Management LLC now owns 54,050 shares of the e-commerce giant’s stock valued at $10,071,000 after buying an additional 7,504 shares during the period. Adero Partners LLC raised its holdings in shares of Amazon.com by 6.0% during the third quarter. Adero Partners LLC now owns 22,380 shares of the e-commerce giant’s stock valued at $4,170,000 after acquiring an additional 1,273 shares in the last quarter. Atlanta Consulting Group Advisors LLC lifted its stake in Amazon.com by 131.7% in the third quarter. Atlanta Consulting Group Advisors LLC now owns 21,969 shares of the e-commerce giant’s stock worth $4,093,000 after acquiring an additional 12,487 shares during the period. Finally, GoalVest Advisory LLC boosted its holdings in Amazon.com by 7.6% in the third quarter. GoalVest Advisory LLC now owns 13,858 shares of the e-commerce giant’s stock valued at $2,582,000 after acquiring an additional 978 shares in the last quarter. Hedge funds and other institutional investors own 72.20% of the company’s stock.

Amazon.com Trading Up 3.8 %

The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.87 and a current ratio of 1.09. The firm has a market capitalization of $2.17 trillion, a PE ratio of 44.34, a P/E/G ratio of 1.46 and a beta of 1.14. The stock’s 50-day simple moving average is $186.48 and its 200-day simple moving average is $184.23.

Amazon.com (NASDAQ:AMZN) last announced its quarterly earnings results on Thursday, October 31st. The e-commerce giant reported $1.43 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.14 by $0.29. Amazon.com had a net margin of 8.04% and a return on equity of 22.41%. The company had revenue of $158.88 billion for the quarter, compared to analysts’ expectations of $157.28 billion. During the same quarter in the previous year, the company earned $0.85 earnings per share. Amazon.com’s quarterly revenue was up 11.0% on a year-over-year basis. As a group, sell-side analysts expect that Amazon.com, Inc. will post 4.98 EPS for the current fiscal 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.