Amazon.com (NASDAQ:AMZN) Stock Price Up 0.7% on Analyst Upgrade

Amazon.com, Inc. (NASDAQ:AMZN) traded up 0.7% during mid-day trading on Tuesday after Morgan Stanley raised their price target on the stock from $210.00 to $230.00. Morgan Stanley currently has an overweight rating on the stock. Amazon.com traded as high as $197.43 and last traded at $197.13. 7,110,407 shares changed hands during mid-day trading, a decline of 83% from the average session volume of 41,157,059 shares. The stock had previously closed at $195.78.

Other equities analysts have also issued research reports about the stock. Royal Bank of Canada upped their price target on shares of Amazon.com from $215.00 to $225.00 and gave the stock an “outperform” rating in a research report on Friday. Maxim Group upped their price target on shares of Amazon.com from $251.00 to $260.00 and gave the stock a “buy” rating in a research report on Friday. Telsey Advisory Group upped their price target on shares of Amazon.com from $215.00 to $235.00 and gave the stock an “outperform” rating in a research report on Friday. JMP Securities upped their price target on shares of Amazon.com from $265.00 to $285.00 and gave the stock a “market outperform” rating in a research report on Friday. Finally, Cantor Fitzgerald reaffirmed an “overweight” rating and set a $230.00 price target on shares of Amazon.com in a research report on Monday, October 7th. Two research analysts have rated the stock with a hold rating, forty have assigned a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, Amazon.com presently has an average rating of “Moderate Buy” and a consensus price target of $246.48.

Insider Buying and Selling at Amazon.com

In related news, SVP David Zapolsky sold 2,190 shares of the business’s stock in a transaction that occurred 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 sale, the senior vice president now directly owns 62,420 shares in the company, valued at $12,171,900. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In related news, CFO Brian T. Olsavsky sold 14,600 shares of the business’s stock in a transaction that occurred on Wednesday, August 21st. The shares were sold at an average price of $180.00, for a total transaction of $2,628,000.00. Following the transaction, the chief financial officer now directly owns 49,000 shares of the company’s stock, valued at approximately $8,820,000. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, SVP David Zapolsky sold 2,190 shares of the business’s stock in a transaction that occurred on Tuesday, September 24th. The shares were sold at an average price of $195.00, for a total transaction of $427,050.00. Following the transaction, the senior vice president now directly owns 62,420 shares in the company, valued at $12,171,900. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 50,855 shares of company stock valued at $9,215,048. Company insiders own 10.80% of the company’s stock.

Institutional Trading of Amazon.com

Several large investors have recently added to or reduced their stakes in the business. PayPay Securities Corp lifted its stake in shares of Amazon.com by 64.6% in the second quarter. PayPay Securities Corp now owns 163 shares of the e-commerce giant’s stock worth $32,000 after buying an additional 64 shares during the last quarter. Hoese & Co LLP acquired a new position in Amazon.com during the 3rd quarter valued at $37,000. Bull Oak Capital LLC acquired a new position in Amazon.com during the 3rd quarter valued at $45,000. Values First Advisors Inc. acquired a new position in Amazon.com during the 3rd quarter valued at $56,000. Finally, Christopher J. Hasenberg Inc raised its stake in Amazon.com by 650.0% during the 2nd quarter. Christopher J. Hasenberg Inc now owns 300 shares of the e-commerce giant’s stock valued at $58,000 after purchasing an additional 260 shares during the last quarter. 72.20% of the stock is owned by institutional investors.

Amazon.com Trading Up 1.0 %

The stock has a market capitalization of $2.07 trillion, a price-to-earnings ratio of 42.21, a PEG ratio of 1.46 and a beta of 1.14. The company’s 50 day moving average is $185.23 and its 200 day moving average is $183.89. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.87 and a current ratio of 1.09.

Amazon.com (NASDAQ:AMZN) last announced its quarterly earnings data on Thursday, October 31st. The e-commerce giant reported $1.43 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.14 by $0.29. Amazon.com had a net margin of 8.04% and a return on equity of 22.41%. The company had revenue of $158.88 billion during the quarter, compared to analysts’ expectations of $157.28 billion. During the same quarter in the prior year, the company posted $0.85 EPS. The business’s revenue was up 11.0% on a year-over-year basis. On average, research analysts forecast that Amazon.com, Inc. will post 4.98 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.