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

Amazon.com, Inc. (NASDAQ:AMZN) rose 2.2% during mid-day trading on Tuesday after Moffett Nathanson raised their price target on the stock from $235.00 to $248.00. Moffett Nathanson currently has a buy rating on the stock. Amazon.com traded as high as $201.95 and last traded at $201.45. Approximately 40,685,672 shares were traded during trading, a decline of 2% from the average daily volume of 41,550,199 shares. The stock had previously closed at $197.12.

Several other equities research analysts have also issued reports on the stock. Needham & Company LLC raised their price target on shares of Amazon.com from $210.00 to $250.00 and gave the stock a “buy” rating in a research note on Thursday, November 14th. Wedbush raised their target price on Amazon.com from $225.00 to $250.00 and gave the stock an “outperform” rating in a research report on Friday, November 1st. Barclays upped their price target on Amazon.com from $220.00 to $235.00 and gave the company an “overweight” rating in a research report on Friday, August 2nd. Oppenheimer increased their price target on Amazon.com from $220.00 to $230.00 and gave the stock an “outperform” rating in a research note on Friday, November 1st. Finally, Susquehanna boosted their price objective on Amazon.com from $220.00 to $230.00 and gave the company a “positive” rating in a research note on Friday, November 1st. Two investment analysts have rated the stock with a hold rating, forty-one have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $236.20.

Insider Activity at Amazon.com

In other Amazon.com news, Director Jonathan Rubinstein sold 4,766 shares of the business’s stock in a transaction that occurred on Thursday, November 7th. The stock was sold at an average price of $209.85, for a total value of $1,000,145.10. Following the completion of the sale, the director now owns 94,630 shares in the company, valued at approximately $19,858,105.50. The trade was a 4.79 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, SVP David Zapolsky sold 2,190 shares of Amazon.com stock in a transaction on Tuesday, September 24th. The stock was sold at an average price of $195.00, for a total transaction of $427,050.00. Following the completion of the transaction, the senior vice president now directly owns 62,420 shares in the company, valued at approximately $12,171,900. The trade was a 3.39 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 6,026,683 shares of company stock valued at $1,252,148,795. Insiders own 10.80% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the business. China Universal Asset Management Co. Ltd. lifted its position in shares of Amazon.com by 31.6% in the 1st quarter. China Universal Asset Management Co. Ltd. now owns 182,359 shares of the e-commerce giant’s stock worth $32,894,000 after purchasing an additional 43,759 shares during the period. Quent Capital LLC boosted its position in Amazon.com by 3.3% during the 1st quarter. Quent Capital LLC now owns 33,729 shares of the e-commerce giant’s stock valued at $6,084,000 after acquiring an additional 1,081 shares in the last quarter. Empowered Funds LLC grew its holdings in shares of Amazon.com by 13.5% during the 1st quarter. Empowered Funds LLC now owns 185,064 shares of the e-commerce giant’s stock worth $33,382,000 after acquiring an additional 22,071 shares during the period. KCM Investment Advisors LLC raised its position in shares of Amazon.com by 1.7% in the 1st quarter. KCM Investment Advisors LLC now owns 333,463 shares of the e-commerce giant’s stock worth $60,150,000 after acquiring an additional 5,571 shares in the last quarter. Finally, Susquehanna International Group Ltd. purchased a new position in shares of Amazon.com in the 1st quarter valued at approximately $1,251,000. Hedge funds and other institutional investors own 72.20% of the company’s stock.

Amazon.com Trading Up 2.2 %

The company has a market cap of $2.12 trillion, a PE ratio of 43.14, a PEG ratio of 1.32 and a beta of 1.14. The stock has a 50 day moving average price of $193.33 and a 200 day moving average price of $186.38. The company has a current ratio of 1.09, a quick ratio of 0.87 and a debt-to-equity ratio of 0.21.

Amazon.com (NASDAQ:AMZN) last announced its quarterly earnings data on Thursday, October 31st. The e-commerce giant reported $1.43 earnings per share for the quarter, topping analysts’ consensus estimates of $1.14 by $0.29. The business had revenue of $158.88 billion for the quarter, compared to analysts’ expectations of $157.28 billion. Amazon.com had a net margin of 8.04% and a return on equity of 22.41%. The business’s revenue was up 11.0% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.85 earnings per share. Sell-side analysts predict that Amazon.com, Inc. will post 5.29 EPS for the current fiscal 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.