Amazon.com (NASDAQ:AMZN) Trading 0.2% Higher on Analyst Upgrade

Amazon.com, Inc. (NASDAQ:AMZN) traded up 0.2% during trading on Tuesday after Truist Financial raised their price target on the stock from $195.00 to $216.00. Truist Financial currently has a buy rating on the stock. Amazon.com traded as high as $184.70 and last traded at $184.02. 10,940,023 shares were traded during mid-day trading, a decline of 74% from the average session volume of 42,826,176 shares. The stock had previously closed at $183.62.

Several other equities analysts have also recently issued reports on the stock. Bank of America boosted their price target on shares of Amazon.com from $185.00 to $204.00 and gave the company a “buy” rating in a research report on Friday, February 2nd. Stifel Nicolaus upped their price target on Amazon.com from $200.00 to $224.00 and gave the stock a “buy” rating in a research note on Tuesday. Robert W. Baird raised their target price on shares of Amazon.com from $185.00 to $205.00 and gave the company an “outperform” rating in a research note on Friday, February 2nd. Moffett Nathanson restated a “buy” rating and set a $228.00 price target on shares of Amazon.com in a report on Thursday, April 11th. Finally, UBS Group lifted their price target on Amazon.com from $180.00 to $198.00 and gave the stock a “buy” rating in a research report on Friday, February 2nd. One 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 stock. According to data from MarketBeat, the company currently has an average rating of “Buy” and a consensus price target of $202.80.

Insiders Place Their Bets

In other news, CEO Adam Selipsky sold 500 shares of Amazon.com stock in a transaction dated 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 directly owns 131,600 shares of the company’s stock, valued at approximately $24,214,400. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. In related news, 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 owns 514,131 shares in the company, valued at $87,397,128.69. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Adam Selipsky sold 500 shares of the business’s stock in a transaction that occurred on Thursday, April 4th. The stock was sold at an average price of $184.00, for a total value of $92,000.00. Following the completion of the transaction, the chief executive officer now directly owns 131,600 shares in the company, valued at $24,214,400. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 32,213,510 shares of company stock worth $5,505,798,456. Company insiders own 12.70% of the company’s stock.

Institutional Investors Weigh In On Amazon.com

A number of institutional investors have recently added to or reduced their stakes in the stock. Strata Wealth Advisors LLC grew its position in shares of Amazon.com by 5.7% during the first quarter. Strata Wealth Advisors LLC now owns 4,899 shares of the e-commerce giant’s stock valued at $884,000 after purchasing an additional 264 shares in the last quarter. Deltec Asset Management LLC boosted its stake in Amazon.com by 8.5% during the first quarter. Deltec Asset Management LLC now owns 195,695 shares of the e-commerce giant’s stock valued at $35,299,000 after buying an additional 15,253 shares during the last quarter. Sandy Cove Advisors LLC grew its holdings in Amazon.com by 1.3% during the 1st quarter. Sandy Cove Advisors LLC now owns 14,162 shares of the e-commerce giant’s stock valued at $2,554,000 after buying an additional 186 shares in the last quarter. Dumont & Blake Investment Advisors LLC grew its holdings in Amazon.com by 1.2% during the 1st quarter. Dumont & Blake Investment Advisors LLC now owns 24,344 shares of the e-commerce giant’s stock valued at $4,391,000 after buying an additional 290 shares in the last quarter. Finally, D.B. Root & Company LLC increased its stake in Amazon.com by 0.3% in the 1st quarter. D.B. Root & Company LLC now owns 25,627 shares of the e-commerce giant’s stock worth $4,623,000 after acquiring an additional 70 shares during the last quarter. 72.20% of the stock is owned by hedge funds and other institutional investors.

Amazon.com Stock Down 1.1 %

The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.84 and a current ratio of 1.05. The firm has a market capitalization of $1.89 trillion, a PE ratio of 62.51, a PEG ratio of 1.60 and a beta of 1.16. The company has a fifty day moving average price of $177.09 and a 200-day moving average price of $156.36.

Amazon.com (NASDAQ:AMZN) last announced its quarterly earnings results on Thursday, February 1st. The e-commerce giant reported $1.00 earnings per share for the quarter, topping the consensus estimate of $0.81 by $0.19. Amazon.com had a net margin of 5.29% and a return on equity of 16.61%. The company had revenue of $169.96 billion for the quarter, compared to analysts’ expectations of $165.96 billion. During the same quarter in the previous year, the business posted $0.21 earnings per share. Amazon.com’s quarterly revenue was up 13.9% on a year-over-year basis. As a group, analysts expect that Amazon.com, Inc. will post 4.08 earnings per share 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.