Amazon.com (NASDAQ:AMZN) Trading 0.5% Higher Following Analyst Upgrade

Amazon.com, Inc. (NASDAQ:AMZN)’s share price rose 0.5% during trading on Thursday 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 $182.36 and last traded at $182.23. Approximately 8,541,522 shares were traded during mid-day trading, a decline of 80% from the average daily volume of 42,507,773 shares. The stock had previously closed at $181.28.

A number of other equities analysts also recently issued reports on the company. Raymond James raised their price objective on Amazon.com from $185.00 to $200.00 and gave the stock a “strong-buy” rating in a research report on Friday, February 2nd. Royal Bank of Canada raised their price objective on Amazon.com from $180.00 to $215.00 and gave the stock an “outperform” rating in a research report on Friday, February 2nd. Moffett Nathanson restated a “buy” rating and set a $228.00 price objective on shares of Amazon.com in a research report on Thursday, April 11th. Evercore ISI raised their price objective on Amazon.com from $195.00 to $220.00 and gave the stock an “outperform” rating in a research report on Friday, February 2nd. Finally, TD Cowen raised their price objective on Amazon.com from $200.00 to $225.00 and gave the stock an “outperform” rating in a research report on Friday, February 2nd. One equities research analyst has rated the stock with a hold rating, forty-four have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Buy” and a consensus target price of $202.80.

Insider Activity at Amazon.com

In related news, CEO Adam Selipsky sold 500 shares of Amazon.com stock in a transaction that occurred on Thursday, February 1st. The stock was sold at an average price of $155.72, for a total transaction of $77,860.00. Following the transaction, the chief executive officer now owns 116,560 shares of the company’s stock, valued at $18,150,723.20. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. In other Amazon.com news, CEO Adam Selipsky sold 500 shares of the business’s stock in a transaction on Thursday, February 1st. The stock was sold at an average price of $155.72, for a total value of $77,860.00. Following the transaction, the chief executive officer now owns 116,560 shares of the company’s stock, valued at $18,150,723.20. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CEO Andrew R. Jassy sold 50,000 shares of the business’s stock in a transaction on Friday, February 16th. The stock was sold at an average price of $168.65, for a total value of $8,432,500.00. Following the completion of the transaction, the chief executive officer now directly owns 2,014,055 shares in the company, valued at approximately $339,670,375.75. The disclosure for this sale can be found here. Insiders have sold a total of 32,213,510 shares of company stock valued at $5,505,798,456 over the last 90 days. Insiders own 12.30% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of the business. Mayflower Financial Advisors LLC raised its stake in shares of Amazon.com by 0.3% in the third quarter. Mayflower Financial Advisors LLC now owns 194,762 shares of the e-commerce giant’s stock valued at $25,000 after buying an additional 572 shares during the period. Cooksen Wealth LLC bought a new stake in shares of Amazon.com in the fourth quarter valued at $30,000. PayPay Securities Corp raised its stake in shares of Amazon.com by 54.3% in the third quarter. PayPay Securities Corp now owns 267 shares of the e-commerce giant’s stock valued at $34,000 after buying an additional 94 shares during the period. Laurel Wealth Planning LLC raised its stake in shares of Amazon.com by 1,900.0% in the second quarter. Laurel Wealth Planning LLC now owns 320 shares of the e-commerce giant’s stock valued at $34,000 after buying an additional 304 shares during the period. Finally, Sanctuary Wealth Management L.L.C. bought a new stake in shares of Amazon.com in the fourth quarter valued at $37,000. Hedge funds and other institutional investors own 72.20% of the company’s stock.

Amazon.com Stock Performance

The stock has a market capitalization of $1.82 trillion, a P/E ratio of 60.22, a price-to-earnings-growth ratio of 1.57 and a beta of 1.16. The company has a 50 day simple moving average of $177.28 and a 200-day simple moving average of $156.83. The company has a debt-to-equity ratio of 0.29, a current ratio of 1.05 and a quick ratio of 0.84.

Amazon.com (NASDAQ:AMZN) last issued its earnings results on Thursday, February 1st. The e-commerce giant reported $1.00 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.81 by $0.19. The firm had revenue of $169.96 billion for the quarter, compared to analyst estimates of $165.96 billion. Amazon.com had a return on equity of 16.61% and a net margin of 5.29%. The business’s revenue was up 13.9% on a year-over-year basis. During the same period in the previous year, the company posted $0.21 earnings per share. On average, equities analysts forecast that Amazon.com, Inc. will post 4.1 EPS 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.