Amazon.com (NASDAQ:AMZN) Stock Price Expected to Rise, Tigress Financial Analyst Says

Amazon.com (NASDAQ:AMZN) had its price objective upped by Tigress Financial from $245.00 to $290.00 in a research report report published on Friday morning,Benzinga reports. Tigress Financial currently has a buy rating on the e-commerce giant's stock.

AMZN has been the topic of several other research reports. Oppenheimer increased their target price on Amazon.com from $220.00 to $230.00 and gave the stock an "outperform" rating in a research note on Friday, November 1st. Stifel Nicolaus boosted their price target on shares of Amazon.com from $224.00 to $245.00 and gave the stock a "buy" rating in a report on Friday, November 1st. Roth Mkm raised their price objective on shares of Amazon.com from $220.00 to $250.00 and gave the company a "buy" rating in a report on Monday, December 9th. Benchmark boosted their target price on shares of Amazon.com from $200.00 to $215.00 and gave the stock a "buy" rating in a research note on Friday, November 1st. Finally, Rosenblatt Securities raised their price target on Amazon.com from $221.00 to $236.00 and gave the company a "buy" rating in a research note on Friday, November 1st. Two investment analysts have rated the stock with a hold rating, forty-one have assigned a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $243.00.

Amazon.com Price Performance

Shares of NASDAQ:AMZN traded up $1.63 during midday trading on Friday, hitting $224.92. The company had a trading volume of 87,060,734 shares, compared to its average volume of 41,415,395. Amazon.com has a twelve month low of $144.05 and a twelve month high of $233.00. The stock has a market cap of $2.37 trillion, a price-to-earnings ratio of 48.16, a price-to-earnings-growth ratio of 1.54 and a beta of 1.16. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.09 and a quick ratio of 0.87. The business's 50-day simple moving average is $205.83 and its 200-day simple moving average is $191.30.

Amazon.com (NASDAQ:AMZN - Get Free Report) last issued its earnings results on Thursday, October 31st. The e-commerce giant reported $1.43 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.14 by $0.29. The business had revenue of $158.88 billion during the quarter, compared to the consensus estimate of $157.28 billion. Amazon.com had a return on equity of 22.41% and a net margin of 8.04%. The company's revenue for the quarter was up 11.0% on a year-over-year basis. During the same period last year, the company earned $0.85 EPS. On average, research analysts predict that Amazon.com will post 5.29 earnings per share for the current year.

Insider Activity at Amazon.com

In related news, CEO Matthew S. Garman sold 15,260 shares of the business's stock in a transaction dated Thursday, November 21st. The shares were sold at an average price of $200.19, for a total transaction of $3,054,899.40. Following the sale, the chief executive officer now owns 349,261 shares of the company's stock, valued at approximately $69,918,559.59. The trade was a 4.19 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, insider Jeffrey P. Bezos sold 2,996,362 shares of the stock in a transaction dated Friday, November 8th. The shares were sold at an average price of $208.85, for a total transaction of $625,790,203.70. Following the completion of the transaction, the insider now directly owns 917,416,976 shares of the company's stock, valued at approximately $191,602,535,437.60. This trade represents a 0.33 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 6,034,534 shares of company stock worth $1,253,883,872 over the last three months. 10.80% of the stock is currently owned by corporate insiders.

Institutional Trading of Amazon.com

Several large investors have recently bought and sold shares of AMZN. Icon Wealth Advisors LLC grew its holdings in Amazon.com by 20.5% during the 3rd quarter. Icon Wealth Advisors LLC now owns 150,661 shares of the e-commerce giant's stock valued at $28,000 after buying an additional 25,581 shares during the last quarter. PayPay Securities Corp boosted its stake in shares of Amazon.com by 64.6% during the second quarter. PayPay Securities Corp now owns 163 shares of the e-commerce giant's stock valued at $32,000 after acquiring an additional 64 shares during the last quarter. Hoese & Co LLP purchased a new stake in Amazon.com during the 3rd quarter worth about $37,000. Bull Oak Capital LLC acquired a new position in Amazon.com in the 3rd quarter valued at about $45,000. Finally, Values First Advisors Inc. purchased a new position in Amazon.com in the 3rd quarter valued at about $56,000. Institutional investors and hedge funds own 72.20% of the company's stock.

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.