Analysts Set Amazon.com, Inc. (NASDAQ:AMZN) Price Target at $235.45

Shares of Amazon.com, Inc. (NASDAQ:AMZN) have received a consensus rating of “Moderate Buy” from the forty-three brokerages that are covering the company, MarketBeat reports. Two research analysts have rated the stock with a hold recommendation, forty have assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12-month price target among brokerages that have covered the stock in the last year is $235.77.

Several analysts have weighed in on AMZN shares. Morgan Stanley boosted their price objective on Amazon.com from $210.00 to $230.00 and gave the company an “overweight” rating in a research report on Monday, November 4th. Truist Financial increased their price target on shares of Amazon.com from $265.00 to $270.00 and gave the company a “buy” rating in a research report on Friday, November 1st. Evercore ISI raised their price target on shares of Amazon.com from $240.00 to $260.00 and gave the stock an “outperform” rating in a report on Friday, November 1st. Benchmark upped their price objective on shares of Amazon.com from $200.00 to $215.00 and gave the company a “buy” rating in a research note on Friday, November 1st. Finally, Telsey Advisory Group raised their target price on Amazon.com from $215.00 to $235.00 and gave the stock an “outperform” rating in a research note on Friday, November 1st.

Insider Transactions at Amazon.com

In other news, SVP David Zapolsky sold 2,190 shares of the business’s stock in a transaction on Tuesday, September 24th. The stock was 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 owns 62,420 shares in the company, valued at $12,171,900. The trade was a 3.39 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Daniel P. Huttenlocher sold 1,237 shares of the stock in a transaction on Tuesday, November 19th. The shares were sold at an average price of $199.06, for a total value of $246,237.22. Following the sale, the director now directly owns 24,912 shares in the company, valued at $4,958,982.72. This trade represents a 4.73 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 6,011,423 shares of company stock worth $1,249,093,896. Corporate insiders own 10.80% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. China Universal Asset Management Co. Ltd. lifted its holdings in Amazon.com by 31.6% in the first quarter. China Universal Asset Management Co. Ltd. now owns 182,359 shares of the e-commerce giant’s stock valued at $32,894,000 after acquiring an additional 43,759 shares during the period. Quent Capital LLC lifted its stake in shares of Amazon.com by 3.3% in the 1st quarter. Quent Capital LLC now owns 33,729 shares of the e-commerce giant’s stock worth $6,084,000 after purchasing an additional 1,081 shares during the period. Pittenger & Anderson Inc. raised its position in Amazon.com by 1.6% in the first quarter. Pittenger & Anderson Inc. now owns 201,991 shares of the e-commerce giant’s stock worth $36,435,000 after acquiring an additional 3,094 shares during the period. Haverford Trust Co raised its position in Amazon.com by 2.4% in the first quarter. Haverford Trust Co now owns 66,778 shares of the e-commerce giant’s stock worth $12,045,000 after acquiring an additional 1,555 shares during the period. Finally, Graypoint LLC boosted its stake in shares of Amazon.com by 9.4% during the 1st quarter. Graypoint LLC now owns 80,620 shares of the e-commerce giant’s stock worth $14,542,000 after acquiring an additional 6,929 shares during the last quarter. Institutional investors own 72.20% of the company’s stock.

Amazon.com Price Performance

AMZN stock opened at $197.12 on Tuesday. The firm has a market cap of $2.07 trillion, a P/E ratio of 42.21, a P/E/G ratio of 1.33 and a beta of 1.14. The firm’s fifty day moving average is $193.00 and its 200 day moving average is $186.31. Amazon.com has a 52 week low of $142.81 and a 52 week high of $215.90. 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 return on equity of 22.41% and a net margin of 8.04%. The firm had revenue of $158.88 billion for the quarter, compared to analysts’ expectations of $157.28 billion. During the same period last year, the firm earned $0.85 earnings per share. The company’s revenue for the quarter was up 11.0% compared to the same quarter last year. Research analysts predict that Amazon.com will post 5.27 earnings per share for the current 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.