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

Shares of Amazon.com, Inc. (NASDAQ:AMZN) were up 0% during mid-day trading on Monday after Tigress Financial raised their price target on the stock from $245.00 to $290.00. Tigress Financial currently has a buy rating on the stock. Amazon.com traded as high as $225.43 and last traded at $224.96. Approximately 6,005,267 shares changed hands during mid-day trading, a decline of 85% from the average daily volume of 41,271,297 shares. The stock had previously closed at $224.92.

A number of other brokerages have also issued reports on AMZN. Pivotal Research initiated coverage on shares of Amazon.com in a research note on Friday, October 11th. They set a “buy” rating and a $260.00 price target on the stock. Telsey Advisory Group increased their target price on shares of Amazon.com from $215.00 to $235.00 and gave the stock an “outperform” rating in a report on Friday, November 1st. BMO Capital Markets reissued an “outperform” rating and issued a $236.00 price target on shares of Amazon.com in a research report on Tuesday, December 3rd. Moffett Nathanson upped their price objective on Amazon.com from $235.00 to $248.00 and gave the stock a “buy” rating in a research report on Tuesday, November 26th. Finally, Cantor Fitzgerald reiterated an “overweight” rating and issued a $230.00 target price on shares of Amazon.com in a report on Monday, October 7th. Two research analysts have rated the stock with a hold rating, forty-one have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $243.00.

Insider Buying and Selling

In related news, CEO Douglas J. Herrington sold 5,502 shares of the business’s stock in a transaction dated Friday, November 15th. The shares were sold at an average price of $205.81, for a total transaction of $1,132,366.62. Following the sale, the chief executive officer now owns 518,911 shares of the company’s stock, valued at approximately $106,797,072.91. The trade was a 1.05 % 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 Amazon.com stock in a transaction that occurred on 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 sale, the insider now owns 917,416,976 shares of the company’s stock, valued at approximately $191,602,535,437.60. The trade was a 0.33 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 6,032,344 shares of company stock valued at $1,253,456,822 over the last quarter. Company insiders own 10.80% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in AMZN. Cornerstone Wealth Advisors Inc. raised its holdings in shares of Amazon.com by 14.7% in the second quarter. Cornerstone Wealth Advisors Inc. now owns 1,534 shares of the e-commerce giant’s stock worth $296,000 after acquiring an additional 197 shares during the last quarter. Sitrin Capital Management LLC raised its stake in Amazon.com by 0.4% in the 2nd quarter. Sitrin Capital Management LLC now owns 34,128 shares of the e-commerce giant’s stock valued at $6,595,000 after purchasing an additional 134 shares during the last quarter. Muirfield Wealth Advisors LLC lifted its holdings in Amazon.com by 8.4% in the 2nd quarter. Muirfield Wealth Advisors LLC now owns 3,829 shares of the e-commerce giant’s stock valued at $740,000 after purchasing an additional 297 shares in the last quarter. Inspirion Wealth Advisors LLC boosted its stake in shares of Amazon.com by 0.8% during the 2nd quarter. Inspirion Wealth Advisors LLC now owns 10,306 shares of the e-commerce giant’s stock worth $1,992,000 after purchasing an additional 82 shares during the last quarter. Finally, Capital CS Group LLC grew its holdings in shares of Amazon.com by 106.6% during the second quarter. Capital CS Group LLC now owns 3,890 shares of the e-commerce giant’s stock worth $752,000 after buying an additional 62,862 shares in the last quarter. Institutional investors and hedge funds own 72.20% of the company’s stock.

Amazon.com Trading Up 0.1 %

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 firm has a market cap of $2.37 trillion, a price-to-earnings ratio of 48.19, a price-to-earnings-growth ratio of 1.54 and a beta of 1.16. The business’s 50-day moving average price is $205.83 and its two-hundred day moving average price is $191.46.

Amazon.com (NASDAQ:AMZN) last issued its quarterly earnings results on Thursday, October 31st. The e-commerce giant reported $1.43 earnings per share for the quarter, topping analysts’ consensus estimates of $1.14 by $0.29. Amazon.com had a return on equity of 22.41% and a net margin of 8.04%. The company had revenue of $158.88 billion for the quarter, compared to analyst estimates of $157.28 billion. During the same quarter in the prior year, the company posted $0.85 EPS. The business’s revenue for the quarter was up 11.0% compared to the same quarter last year. Equities analysts expect that Amazon.com, Inc. will post 5.29 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.