Amazon.com (NASDAQ:AMZN) Trading Up 2.5% Following Analyst Upgrade

Amazon.com, Inc. (NASDAQ:AMZN) was up 2.5% during mid-day trading on Wednesday after Loop Capital raised their price target on the stock from $225.00 to $275.00. Loop Capital currently has a buy rating on the stock. Amazon.com traded as high as $205.98 and last traded at $204.54. Approximately 28,022,484 shares were traded during mid-day trading, a decline of 32% from the average daily volume of 41,205,059 shares. The stock had previously closed at $199.50.

Other equities analysts have also issued reports about the company. Maxim Group increased their price target on Amazon.com from $251.00 to $260.00 and gave the company a “buy” rating in a research report on Friday, November 1st. TD Securities raised their target price on Amazon.com from $225.00 to $245.00 in a research report on Wednesday, July 10th. Evercore ISI boosted their price target on shares of Amazon.com from $240.00 to $260.00 and gave the stock an “outperform” rating in a report on Friday, November 1st. Oppenheimer increased their price target on shares of Amazon.com from $220.00 to $230.00 and gave the company an “outperform” rating in a research report on Friday, November 1st. Finally, Deutsche Bank Aktiengesellschaft lifted their price objective on shares of Amazon.com from $225.00 to $232.00 and gave the stock a “buy” rating in a research report on Friday, November 1st. Two analysts have rated the stock with a hold rating, forty have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $234.55.

Insiders Place Their Bets

In other Amazon.com news, CEO Andrew R. Jassy sold 20,784 shares of the company’s stock in a transaction that occurred on Wednesday, August 21st. The stock was sold at an average price of $180.77, for a total value of $3,757,123.68. Following the completion of the sale, the chief executive officer now owns 2,056,534 shares of the company’s stock, valued at $371,759,651.18. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In other Amazon.com news, CEO Andrew R. Jassy sold 20,784 shares of the business’s stock in a transaction on Wednesday, August 21st. The shares were sold at an average price of $180.77, for a total value of $3,757,123.68. Following the completion of the sale, the chief executive officer now directly owns 2,056,534 shares of the company’s stock, valued at $371,759,651.18. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, SVP David Zapolsky sold 9,490 shares of the stock in a transaction dated Wednesday, August 21st. The shares were sold at an average price of $180.88, for a total value of $1,716,551.20. Following the sale, the senior vice president now owns 64,610 shares of the company’s stock, valued at $11,686,656.80. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 55,859 shares of company stock valued at $10,215,097 over the last 90 days. Insiders own 10.80% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the stock. Phillips Wealth Planners LLC lifted its position in Amazon.com by 9.2% during the first quarter. Phillips Wealth Planners LLC now owns 2,655 shares of the e-commerce giant’s stock valued at $487,000 after buying an additional 224 shares during the period. Northwestern Mutual Wealth Management Co. lifted its position in Amazon.com by 0.5% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 2,847,177 shares of the e-commerce giant’s stock valued at $550,217,000 after acquiring an additional 14,766 shares during the period. GAMMA Investing LLC boosted its stake in Amazon.com by 19.2% during the third quarter. GAMMA Investing LLC now owns 119,205 shares of the e-commerce giant’s stock worth $22,211,000 after acquiring an additional 19,231 shares in the last quarter. Stonekeep Investments LLC bought a new stake in Amazon.com during the second quarter worth about $2,588,000. Finally, Healthcare of Ontario Pension Plan Trust Fund grew its holdings in Amazon.com by 164.1% in the second quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 1,053,958 shares of the e-commerce giant’s stock worth $203,677,000 after purchasing an additional 654,908 shares during the period. 72.20% of the stock is currently owned by institutional investors.

Amazon.com Stock Up 3.8 %

The stock’s 50 day simple moving average is $186.48 and its two-hundred day simple moving average is $184.23. The firm has a market cap of $2.17 trillion, a P/E ratio of 44.34, a P/E/G ratio of 1.46 and a beta of 1.14. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.09 and a quick ratio of 0.87.

Amazon.com (NASDAQ:AMZN) last posted its quarterly earnings data on Thursday, October 31st. The e-commerce giant reported $1.43 earnings per share for the quarter, beating analysts’ consensus estimates of $1.14 by $0.29. The company had revenue of $158.88 billion during the quarter, compared to analyst estimates of $157.28 billion. Amazon.com had a return on equity of 22.41% and a net margin of 8.04%. The firm’s revenue for the quarter was up 11.0% on a year-over-year basis. During the same quarter last year, the company earned $0.85 EPS. As a group, research analysts forecast that Amazon.com, Inc. will post 4.98 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.