Amazon.com (NASDAQ:AMZN) Shares Up 2.2% Following Analyst Upgrade

Amazon.com, Inc. (NASDAQ:AMZN)’s share price traded up 2.2% during mid-day trading on Tuesday after Moffett Nathanson raised their price target on the stock from $250.00 to $253.00. Moffett Nathanson currently has a buy rating on the stock. Amazon.com traded as high as $213.97 and last traded at $213.12. 10,803,232 shares were traded during trading, a decline of 74% from the average session volume of 42,021,138 shares. The stock had previously closed at $208.47.

Several other research firms have also recently issued reports on AMZN. BNP Paribas raised shares of Amazon.com to a “hold” rating in a research report on Wednesday, April 30th. JPMorgan Chase & Co. lifted their price objective on shares of Amazon.com from $225.00 to $240.00 and gave the stock an “overweight” rating in a research report on Wednesday, June 4th. DA Davidson decreased their price target on Amazon.com from $280.00 to $230.00 and set a “buy” rating for the company in a research note on Monday, April 14th. Oppenheimer boosted their price objective on shares of Amazon.com from $215.00 to $250.00 and gave the company an “outperform” rating in a report on Friday. Finally, Tigress Financial raised their price target on shares of Amazon.com from $290.00 to $305.00 and gave the stock a “buy” rating in a research report on Tuesday, May 6th. Four research analysts have rated the stock with a hold rating and forty-four have given a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $245.64.

Insider Buying and Selling at Amazon.com

In other Amazon.com news, VP Shelley Reynolds sold 2,695 shares of the company’s stock in a transaction on Wednesday, May 21st. The stock was sold at an average price of $200.79, for a total value of $541,129.05. Following the transaction, the vice president now directly owns 119,780 shares of the company’s stock, valued at $24,050,626.20. This represents a 2.20% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CEO Andrew R. Jassy sold 19,872 shares of the firm’s stock in a transaction that occurred on Wednesday, May 21st. The stock was sold at an average price of $201.30, for a total transaction of $4,000,233.60. Following the transaction, the chief executive officer now directly owns 2,148,694 shares in the company, valued at $432,532,102.20. This represents a 0.92% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 102,037 shares of company stock valued at $20,531,075 in the last 90 days. 9.70% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Amazon.com

Several hedge funds have recently modified their holdings of the company. Real Talk Capital LLC raised its position in Amazon.com by 2.5% during the 1st quarter. Real Talk Capital LLC now owns 4,519 shares of the e-commerce giant’s stock worth $860,000 after purchasing an additional 112 shares during the last quarter. Howe & Rusling Inc. raised its position in shares of Amazon.com by 3.1% during the first quarter. Howe & Rusling Inc. now owns 133,863 shares of the e-commerce giant’s stock worth $25,469,000 after purchasing an additional 3,986 shares during the period. Guinness Asset Management LTD lifted its stake in shares of Amazon.com by 5.3% in the first quarter. Guinness Asset Management LTD now owns 223,542 shares of the e-commerce giant’s stock valued at $42,538,000 after buying an additional 11,215 shares in the last quarter. Maple Capital Management Inc. boosted its stake in Amazon.com by 3.9% during the 1st quarter. Maple Capital Management Inc. now owns 376,269 shares of the e-commerce giant’s stock valued at $71,589,000 after purchasing an additional 14,215 shares during the last quarter. Finally, Peterson Wealth Management raised its position in Amazon.com by 5.2% in the 1st quarter. Peterson Wealth Management now owns 30,765 shares of the e-commerce giant’s stock valued at $5,853,000 after buying an additional 1,522 shares during the last quarter. Institutional investors and hedge funds own 72.20% of the company’s stock.

Amazon.com Price Performance

The company has a market capitalization of $2.27 trillion, a P/E ratio of 34.79, a price-to-earnings-growth ratio of 1.58 and a beta of 1.33. The company has a quick ratio of 0.84, a current ratio of 1.05 and a debt-to-equity ratio of 0.17. The business’s 50-day moving average is $198.94 and its two-hundred day moving average is $209.04.

Amazon.com (NASDAQ:AMZN) last released its earnings results on Thursday, May 1st. The e-commerce giant reported $1.59 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.38 by $0.21. Amazon.com had a return on equity of 24.14% and a net margin of 10.14%. The business had revenue of $155.67 billion during the quarter, compared to the consensus estimate of $154.96 billion. During the same period last year, the business posted $0.98 earnings per share. The business’s revenue for the quarter was up 8.6% on a year-over-year basis. As a group, analysts predict that Amazon.com, Inc. will post 6.31 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.