Amazon.com (NASDAQ:AMZN) Trading Up 1% Following Analyst Upgrade

Amazon.com, Inc. (NASDAQ:AMZN) rose 1% during mid-day trading on Monday after UBS Group raised their price target on the stock from $220.00 to $223.00. UBS Group currently has a buy rating on the stock. Amazon.com traded as high as $190.21 and last traded at $189.75. Approximately 6,956,453 shares changed hands during trading, a decline of 83% from the average daily volume of 40,830,777 shares. The stock had previously closed at $187.83.

Several other equities research analysts have also commented on AMZN. BMO Capital Markets restated an "outperform" rating and issued a $230.00 price objective on shares of Amazon.com in a research note on Thursday, September 19th. Maxim Group increased their target price on Amazon.com from $238.00 to $251.00 and gave the company a "buy" rating in a research report on Friday, August 2nd. The Goldman Sachs Group decreased their price target on shares of Amazon.com from $250.00 to $230.00 and set a "buy" rating on the stock in a research note on Friday, August 2nd. Loop Capital boosted their target price on shares of Amazon.com from $750.00 to $800.00 and gave the stock a "buy" rating in a report on Wednesday, October 16th. Finally, TD Securities lifted their price target on Amazon.com from $225.00 to $245.00 in a research report on Wednesday, July 10th. Two equities research analysts have rated the stock with a hold rating, forty-two have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $236.76.

Insiders Place Their Bets

In related news, SVP David Zapolsky sold 2,190 shares of the stock in a transaction that occurred 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 sale, the senior vice president now directly owns 62,420 shares of the company's stock, valued at approximately $12,171,900. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In related news, SVP David Zapolsky sold 2,190 shares of the firm's stock in a transaction on Tuesday, September 24th. The shares were sold at an average price of $195.00, for a total value of $427,050.00. Following the completion of the transaction, the senior vice president now directly owns 62,420 shares of the company's stock, valued at approximately $12,171,900. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Andrew R. Jassy sold 20,784 shares of the company's stock in a transaction on Wednesday, August 21st. The stock was sold at an average price of $180.77, for a total transaction of $3,757,123.68. Following the sale, the chief executive officer now directly owns 2,056,534 shares in the company, valued at $371,759,651.18. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 54,355 shares of company stock worth $9,877,423. Corporate insiders own 10.80% of the company's stock.

Institutional Investors Weigh In On Amazon.com

Several hedge funds have recently added to or reduced their stakes in AMZN. International Assets Investment Management LLC grew its position in shares of Amazon.com by 20,897.2% during the 3rd quarter. International Assets Investment Management LLC now owns 39,135,449 shares of the e-commerce giant's stock worth $72,921,080,000 after purchasing an additional 38,949,065 shares in the last quarter. Vanguard Group Inc. grew its stake in Amazon.com by 1.9% during the first quarter. Vanguard Group Inc. now owns 785,811,114 shares of the e-commerce giant's stock worth $141,744,609,000 after buying an additional 14,724,687 shares in the last quarter. Swedbank AB bought a new stake in shares of Amazon.com during the 1st quarter worth approximately $2,239,757,000. Capital World Investors increased its stake in Amazon.com by 64.6% in the first quarter. Capital World Investors now owns 29,359,677 shares of the e-commerce giant's stock valued at $5,295,899,000 after acquiring an additional 11,524,463 shares during the last quarter. Finally, Capital Research Global Investors lifted its stake in Amazon.com by 8.5% during the first quarter. Capital Research Global Investors now owns 86,982,857 shares of the e-commerce giant's stock worth $15,689,968,000 after purchasing an additional 6,810,145 shares during the last quarter. Institutional investors and hedge funds own 72.20% of the company's stock.

Amazon.com Trading Up 0.3 %

The stock has a market cap of $1.96 trillion, a P/E ratio of 52.77, a PEG ratio of 1.38 and a beta of 1.14. The company has a quick ratio of 0.88, a current ratio of 1.10 and a debt-to-equity ratio of 0.23. The business's 50 day simple moving average is $183.71 and its two-hundred day simple moving average is $183.54.

Amazon.com (NASDAQ:AMZN - Get Free Report) last released its earnings results on Thursday, August 1st. The e-commerce giant reported $1.23 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.05 by $0.18. Amazon.com had a net margin of 7.35% and a return on equity of 21.39%. The business had revenue of $147.98 billion for the quarter, compared to analyst estimates of $148.63 billion. As a group, analysts expect that Amazon.com, Inc. will post 4.85 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.