Amazon.com (NASDAQ:AMZN) Stock Price Up 0% Following Analyst Upgrade

Amazon.com, Inc. (NASDAQ:AMZN)’s share price rose 0% during trading on Wednesday 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 $184.57 and last traded at $183.33. Approximately 7,470,453 shares were traded during mid-day trading, a decline of 82% from the average daily volume of 42,636,355 shares. The stock had previously closed at $183.32.

A number of other analysts have also commented on the company. Wedbush reissued an “outperform” rating and issued a $220.00 target price on shares of Amazon.com in a report on Wednesday, April 10th. Bank of America lifted their target price on Amazon.com from $185.00 to $204.00 and gave the stock a “buy” rating in a report on Friday, February 2nd. Robert W. Baird raised their price target on Amazon.com from $185.00 to $205.00 and gave the stock an “outperform” rating in a research note on Friday, February 2nd. Canaccord Genuity Group raised their price target on Amazon.com from $185.00 to $200.00 and gave the stock a “buy” rating in a research note on Friday, February 2nd. Finally, Oppenheimer raised their price target on Amazon.com from $200.00 to $210.00 and gave the stock an “outperform” rating in a research note on Friday, February 2nd. One analyst has rated the stock with a hold rating, forty-four have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Buy” and an average price target of $202.80.

Insiders Place Their Bets

In other Amazon.com news, CEO Adam Selipsky sold 500 shares of the business’s 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 sale, the chief executive officer now directly 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 Securities & Exchange Commission, which is available at this hyperlink. In other news, CEO Douglas J. Herrington sold 20,200 shares of the company’s stock in a transaction that occurred on Wednesday, February 7th. The stock was sold at an average price of $169.99, for a total transaction of $3,433,798.00. Following the transaction, the chief executive officer now owns 514,131 shares of the company’s stock, valued at $87,397,128.69. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Adam Selipsky sold 500 shares of the company’s stock in a transaction that occurred on Thursday, February 1st. The shares were sold at an average price of $155.72, for a total value of $77,860.00. Following the transaction, the chief executive officer now directly owns 116,560 shares in the company, valued at approximately $18,150,723.20. The disclosure for this sale can be found here. Insiders have sold 32,213,510 shares of company stock valued at $5,505,798,456 over the last ninety days. 12.30% of the stock is owned by insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of the business. Tower Wealth Partners Inc. grew its stake in shares of Amazon.com by 10.8% during the first quarter. Tower Wealth Partners Inc. now owns 3,701 shares of the e-commerce giant’s stock valued at $668,000 after buying an additional 360 shares during the last quarter. Saxon Interests Inc. grew its stake in Amazon.com by 0.7% in the first quarter. Saxon Interests Inc. now owns 24,042 shares of the e-commerce giant’s stock worth $4,337,000 after purchasing an additional 164 shares in the last quarter. Requisite Capital Management LLC bought a new position in Amazon.com in the first quarter worth approximately $206,000. Compton Financial Group LLC grew its stake in Amazon.com by 11.9% in the first quarter. Compton Financial Group LLC now owns 2,417 shares of the e-commerce giant’s stock worth $436,000 after purchasing an additional 257 shares in the last quarter. Finally, Naviter Wealth LLC grew its stake in Amazon.com by 33.2% in the first quarter. Naviter Wealth LLC now owns 46,426 shares of the e-commerce giant’s stock worth $8,374,000 after purchasing an additional 11,582 shares in the last quarter. Institutional investors own 72.20% of the company’s stock.

Amazon.com Stock Performance

The company has a market cap of $1.86 trillion, a P/E ratio of 61.80, a PEG ratio of 1.60 and a beta of 1.16. The firm has a 50 day moving average of $177.28 and a 200-day moving average of $156.52. The company has a quick ratio of 0.84, a current ratio of 1.05 and a debt-to-equity ratio of 0.29.

Amazon.com (NASDAQ:AMZN) last announced its quarterly earnings data on Thursday, February 1st. The e-commerce giant reported $1.00 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.81 by $0.19. Amazon.com had a return on equity of 16.61% and a net margin of 5.29%. The company had revenue of $169.96 billion for the quarter, compared to analysts’ expectations of $165.96 billion. During the same quarter in the prior year, the firm earned $0.21 earnings per share. Amazon.com’s revenue was up 13.9% compared to the same quarter last year. As a group, sell-side analysts anticipate that Amazon.com, Inc. will post 4.08 EPS for the current fiscal 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.