Amazon.com (NASDAQ:AMZN) Trading 0.4% Higher After Analyst Upgrade

Shares of Amazon.com, Inc. (NASDAQ:AMZN) shot up 0.4% during mid-day trading on Tuesday 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 $189.23 and last traded at $189.06. 5,461,501 shares changed hands during trading, a decline of 87% from the average session volume of 40,761,902 shares. The stock had previously closed at $188.39.

Several other analysts have also recently commented on AMZN. Cantor Fitzgerald reiterated an "overweight" rating and issued a $230.00 price target on shares of Amazon.com in a research note on Monday, October 7th. Morgan Stanley reiterated an "overweight" rating and issued a $210.00 price target on shares of Amazon.com in a research note on Thursday, October 3rd. Stifel Nicolaus decreased their price target on shares of Amazon.com from $228.00 to $224.00 and set a "buy" rating on the stock in a research note on Friday, August 2nd. Pivotal Research initiated coverage on shares of Amazon.com in a research note on Friday, October 11th. They issued a "buy" rating and a $260.00 price target on the stock. Finally, Evercore ISI restated an "outperform" rating and set a $240.00 target price on shares of Amazon.com in a research report on Friday, October 11th. Two 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 has a consensus rating of "Moderate Buy" and an average target price of $236.76.

Insider Activity at Amazon.com

In related news, VP Shelley Reynolds sold 3,791 shares of the firm's stock in a transaction on Wednesday, August 21st. The shares were sold at an average price of $181.04, for a total transaction of $686,322.64. Following the sale, the vice president now owns 121,461 shares in the company, valued at approximately $21,989,299.44. 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 this hyperlink. In other news, CFO Brian T. Olsavsky sold 14,600 shares of Amazon.com stock in a transaction dated Wednesday, August 21st. The shares were sold at an average price of $180.00, for a total value of $2,628,000.00. Following the sale, the chief financial officer now owns 49,000 shares in the company, valued at $8,820,000. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, VP Shelley Reynolds sold 3,791 shares of Amazon.com stock in a transaction dated Wednesday, August 21st. The shares were sold at an average price of $181.04, for a total transaction of $686,322.64. Following the completion of the sale, the vice president now owns 121,461 shares in the company, valued at approximately $21,989,299.44. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 54,355 shares of company stock worth $9,877,423. 10.80% of the stock is owned by company insiders.

Institutional Trading of Amazon.com

Several institutional investors have recently modified their holdings of the stock. Phillips Wealth Planners LLC boosted 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 worth $487,000 after acquiring an additional 224 shares during the last quarter. Northwestern Mutual Wealth Management Co. raised its stake in Amazon.com by 0.5% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 2,847,177 shares of the e-commerce giant's stock worth $550,217,000 after purchasing an additional 14,766 shares during the period. Stonekeep Investments LLC purchased a new position in Amazon.com during the second quarter worth about $2,588,000. Rockport Wealth LLC raised its stake in Amazon.com by 2,240.6% during the second quarter. Rockport Wealth LLC now owns 76,749 shares of the e-commerce giant's stock worth $14,832,000 after purchasing an additional 73,470 shares during the period. Finally, Concord Investment Counsel Inc. purchased a new position in Amazon.com during the first quarter worth about $20,790,000. Institutional investors and hedge funds own 72.20% of the company's stock.

Amazon.com Stock Up 1.3 %

The company has a debt-to-equity ratio of 0.23, a current ratio of 1.10 and a quick ratio of 0.88. The business's 50 day simple moving average is $183.71 and its 200 day simple moving average is $183.54. The company has a market capitalization of $1.99 trillion, a PE ratio of 53.45, a P/E/G ratio of 1.38 and a beta of 1.14.

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