Amazon.com (NASDAQ:AMZN) Stock Price Up 1.6% on Analyst Upgrade

Amazon.com, Inc. (NASDAQ:AMZN) shares traded up 1.6% during trading on Monday after Raymond James raised their price target on the stock from $260.00 to $275.00. The company traded as high as $233.84 and last traded at $232.72. 13,630,193 shares traded hands during trading, a decline of 61% from the average session volume of 34,928,742 shares. The stock had previously closed at $229.15.

A number of other equities research analysts have also recently weighed in on the company. TD Cowen raised their price target on Amazon.com from $240.00 to $265.00 and gave the company a “buy” rating in a report on Thursday, December 12th. Bank of America raised their price objective on shares of Amazon.com from $210.00 to $230.00 and gave the company a “buy” rating in a research report on Friday, November 1st. Benchmark increased their price target on shares of Amazon.com from $215.00 to $265.00 and gave the company a “buy” rating in a research note on Tuesday, February 4th. Susquehanna raised their price target on Amazon.com from $220.00 to $230.00 and gave the company a “positive” rating in a report on Friday, November 1st. Finally, DA Davidson lifted their target price on shares of Amazon.com from $235.00 to $280.00 and gave the stock a “buy” rating in a report on Friday. Two equities research analysts have rated the stock with a hold rating, forty-two have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $260.52.

Insider Activity at Amazon.com

In other Amazon.com news, Director Daniel P. Huttenlocher sold 1,237 shares of Amazon.com stock in a transaction on Tuesday, November 19th. The shares were sold at an average price of $199.06, for a total value of $246,237.22. Following the transaction, the director now directly owns 24,912 shares of the company’s stock, valued at approximately $4,958,982.72. The trade was a 4.73 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Douglas J. Herrington sold 5,502 shares of the company’s stock in a transaction dated Friday, November 15th. The shares were sold at an average price of $205.81, for a total transaction of $1,132,366.62. Following the transaction, the chief executive officer now owns 518,911 shares in the company, valued at approximately $106,797,072.91. This trade represents a 1.05 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 29,850 shares of company stock worth $6,168,581. Insiders own 10.80% of the company’s stock.

Institutional Investors Weigh In On Amazon.com

Institutional investors and hedge funds have recently modified their holdings of the company. Accordant Advisory Group Inc increased its stake in shares of Amazon.com by 400.0% in the 4th quarter. Accordant Advisory Group Inc now owns 125 shares of the e-commerce giant’s stock valued at $27,000 after purchasing an additional 100 shares in the last quarter. Hoese & Co LLP purchased a new stake in Amazon.com in the 3rd quarter worth $37,000. Compass Planning Associates Inc acquired a new position in Amazon.com during the fourth quarter worth $51,000. Quattro Financial Advisors LLC lifted its holdings in Amazon.com by 23.8% during the fourth quarter. Quattro Financial Advisors LLC now owns 234 shares of the e-commerce giant’s stock valued at $51,000 after purchasing an additional 45 shares in the last quarter. Finally, Bull Oak Capital LLC acquired a new stake in Amazon.com in the 3rd quarter worth about $45,000. Institutional investors and hedge funds own 72.20% of the company’s stock.

Amazon.com Stock Performance

The company has a market cap of $2.45 trillion, a price-to-earnings ratio of 42.16, a PEG ratio of 1.36 and a beta of 1.15. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.87 and a current ratio of 1.09. The firm’s 50 day simple moving average is $226.93 and its 200-day simple moving average is $200.86.

Amazon.com (NASDAQ:AMZN) last released its quarterly earnings data on Thursday, February 6th. The e-commerce giant reported $1.86 EPS for the quarter, beating analysts’ consensus estimates of $1.52 by $0.34. Amazon.com had a return on equity of 25.49% and a net margin of 9.29%. On average, sell-side analysts predict that Amazon.com, Inc. will post 6.24 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.