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

Amazon.com, Inc. (NASDAQ:AMZN) shares rose 0.2% on Tuesday after Citigroup raised their price target on the stock from $215.00 to $235.00. Citigroup currently has a buy rating on the stock. Amazon.com traded as high as $178.51 and last traded at $177.57. Approximately 11,979,464 shares traded hands during trading, a decline of 72% from the average daily volume of 42,505,699 shares. The stock had previously closed at $177.23.

Several other equities research analysts have also commented on AMZN. Canaccord Genuity Group raised their price target on shares of Amazon.com from $185.00 to $200.00 and gave the company a “buy” rating in a research note on Friday, February 2nd. Barclays raised their price target on shares of Amazon.com from $190.00 to $220.00 and gave the company an “overweight” rating in a research note on Friday, February 2nd. Moffett Nathanson restated a “buy” rating and issued a $228.00 price target on shares of Amazon.com in a research note on Thursday, April 11th. Mizuho raised their price target on shares of Amazon.com from $220.00 to $230.00 and gave the company a “buy” rating in a research note on Friday, February 2nd. Finally, Roth Mkm restated a “buy” rating and issued a $205.00 price target on shares of Amazon.com in a research note on Tuesday, April 16th. One equities research 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 stock currently has an average rating of “Buy” and a consensus price target of $204.76.

Insider Buying and Selling

In related news, VP Shelley Reynolds sold 3,100 shares of the firm’s stock in a transaction that occurred on Wednesday, February 21st. The shares were sold at an average price of $168.97, for a total value of $523,807.00. Following the completion of the transaction, the vice president now owns 119,780 shares of the company’s stock, valued at approximately $20,239,226.60. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In other Amazon.com news, CEO Adam Selipsky sold 500 shares of the stock in a transaction that occurred on Thursday, April 4th. The shares were sold at an average price of $184.00, for a total value of $92,000.00. Following the completion of the sale, the chief executive officer now owns 131,600 shares in the company, valued at approximately $24,214,400. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, VP Shelley Reynolds sold 3,100 shares of the stock in a transaction that occurred on Wednesday, February 21st. The stock was sold at an average price of $168.97, for a total transaction of $523,807.00. Following the completion of the sale, the vice president now owns 119,780 shares of the company’s stock, valued at approximately $20,239,226.60. The disclosure for this sale can be found here. In the last 90 days, insiders sold 32,214,010 shares of company stock valued at $5,505,889,146. Company insiders own 10.80% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of AMZN. Capital City Trust Co. FL raised its holdings in shares of Amazon.com by 1.5% during the 3rd quarter. Capital City Trust Co. FL now owns 53,923 shares of the e-commerce giant’s stock valued at $6,855,000 after purchasing an additional 771 shares in the last quarter. Essex Savings Bank raised its holdings in Amazon.com by 2.8% in the 3rd quarter. Essex Savings Bank now owns 26,332 shares of the e-commerce giant’s stock worth $3,347,000 after acquiring an additional 706 shares during the period. Geometric Wealth Advisors raised its holdings in Amazon.com by 2.4% in the 3rd quarter. Geometric Wealth Advisors now owns 6,695 shares of the e-commerce giant’s stock worth $851,000 after acquiring an additional 155 shares during the period. BCS Wealth Management bought a new position in Amazon.com in the 3rd quarter worth $1,335,000. Finally, Northwest Investment Counselors LLC raised its holdings in Amazon.com by 0.6% in the 3rd quarter. Northwest Investment Counselors LLC now owns 23,131 shares of the e-commerce giant’s stock worth $2,940,000 after acquiring an additional 146 shares during the period. Institutional investors own 72.20% of the company’s stock.

Amazon.com Stock Down 1.6 %

The stock has a market cap of $1.83 trillion, a P/E ratio of 60.89, a P/E/G ratio of 1.54 and a beta of 1.16. The company has a current ratio of 1.05, a quick ratio of 0.84 and a debt-to-equity ratio of 0.29. The firm’s fifty day moving average is $177.71 and its 200 day moving average is $158.12.

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