Amazon.com (NASDAQ:AMZN) Stock Price Expected to Rise, Monness Crespi & Hardt Analyst Says

Amazon.com (NASDAQ:AMZN) had its target price upped by equities research analysts at Monness Crespi & Hardt from $280.00 to $315.00 in a research report issued to clients and investors on Thursday, Marketbeat Ratings reports. The brokerage presently has a “buy” rating on the e-commerce giant’s stock. Monness Crespi & Hardt’s price objective suggests a potential upside of 17.37% from the company’s current price.

Several other equities research analysts have also recently commented on AMZN. Sanford C. Bernstein restated an “outperform” rating and set a $315.00 price target (up from $300.00) on shares of Amazon.com in a research note on Thursday. Citigroup reissued a “buy” rating and set a $325.00 price target (up from $285.00) on shares of Amazon.com in a report on Thursday. Rothschild & Co Redburn set a $230.00 price target on shares of Amazon.com in a report on Wednesday, January 21st. HSBC increased their price target on shares of Amazon.com from $280.00 to $310.00 and gave the stock a “buy” rating in a report on Thursday. Finally, JPMorgan Chase & Co. increased their price target on shares of Amazon.com from $280.00 to $330.00 and gave the stock an “overweight” rating in a report on Thursday. One research analyst has rated the stock with a Strong Buy rating, fifty-five have given a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $310.25.

Get Our Latest Stock Analysis on Amazon.com

Amazon.com Price Performance

Amazon.com stock opened at $268.38 on Thursday. Amazon.com has a 12 month low of $183.85 and a 12 month high of $273.88. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.18 and a quick ratio of 0.88. The business has a 50 day simple moving average of $223.63 and a 200-day simple moving average of $227.35. The stock has a market capitalization of $2.89 trillion, a PE ratio of 32.10, a price-to-earnings-growth ratio of 1.98 and a beta of 1.46.

Amazon.com (NASDAQ:AMZNGet Free Report) last released its quarterly earnings results on Wednesday, April 29th. The e-commerce giant reported $2.78 EPS for the quarter, topping the consensus estimate of $1.63 by $1.15. Amazon.com had a return on equity of 19.92% and a net margin of 12.22%.The business had revenue of $181.52 billion during the quarter, compared to analysts’ expectations of $177.28 billion. During the same quarter in the prior year, the business earned $1.59 earnings per share. The company’s quarterly revenue was up 16.6% compared to the same quarter last year. Equities analysts predict that Amazon.com will post 7.7 earnings per share for the current year.

Insider Buying and Selling

In other news, CEO Andrew R. Jassy sold 31,000 shares of the firm’s stock in a transaction on Friday, April 17th. The stock was sold at an average price of $255.00, for a total value of $7,905,000.00. Following the completion of the transaction, the chief executive officer owned 2,207,118 shares in the company, valued at $562,815,090. This trade represents a 1.39% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Douglas J. Herrington sold 20,500 shares of the firm’s stock in a transaction on Tuesday, April 14th. The shares were sold at an average price of $245.00, for a total value of $5,022,500.00. Following the completion of the transaction, the chief executive officer owned 499,861 shares of the company’s stock, valued at approximately $122,465,945. This represents a 3.94% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 128,035 shares of company stock valued at $28,827,479 in the last 90 days. 8.90% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the company. Global Assets Advisory LLC increased its position in shares of Amazon.com by 2.8% in the first quarter. Global Assets Advisory LLC now owns 47,482 shares of the e-commerce giant’s stock valued at $9,889,000 after buying an additional 1,298 shares in the last quarter. International Assets Investment Management LLC increased its stake in shares of Amazon.com by 2.2% during the 1st quarter. International Assets Investment Management LLC now owns 183,683 shares of the e-commerce giant’s stock worth $38,670,000 after purchasing an additional 4,006 shares in the last quarter. Trifecta Capital Advisors LLC increased its stake in shares of Amazon.com by 1.7% during the 1st quarter. Trifecta Capital Advisors LLC now owns 130,716 shares of the e-commerce giant’s stock worth $27,224,000 after purchasing an additional 2,235 shares in the last quarter. Anchor Investment Management LLC increased its stake in shares of Amazon.com by 3.0% during the 1st quarter. Anchor Investment Management LLC now owns 73,881 shares of the e-commerce giant’s stock worth $15,387,000 after purchasing an additional 2,160 shares in the last quarter. Finally, Associated Banc Corp increased its stake in shares of Amazon.com by 0.7% during the 1st quarter. Associated Banc Corp now owns 585,583 shares of the e-commerce giant’s stock worth $121,959,000 after purchasing an additional 4,256 shares in the last quarter. Hedge funds and other institutional investors own 72.20% of the company’s stock.

Key Stories Impacting Amazon.com

Here are the key news stories impacting Amazon.com this week:

Amazon.com Company Profile

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Amazon.com, Inc is a diversified technology and retail company best known for its e-commerce marketplace and broad portfolio of consumer and enterprise services. Founded by Jeff Bezos in 1994 and headquartered in Seattle, Washington, the company launched as an online bookseller and expanded into a global retail platform that sells products directly to consumers and provides a marketplace for third-party sellers. Over time Amazon has grown beyond retail into areas including cloud computing, digital media, devices and logistics.

Key businesses and offerings include Amazon’s online marketplace and fulfillment services, the Amazon Prime membership program (which bundles expedited shipping with streaming and other benefits), Amazon Web Services (AWS) which supplies on-demand cloud computing and storage to businesses and public-sector customers, and a range of content and advertising services such as Prime Video and Amazon Advertising.

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Analyst Recommendations for Amazon.com (NASDAQ:AMZN)

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