Amazon.com (NASDAQ:AMZN) Given New $205.00 Price Target at Raymond James

Amazon.com (NASDAQ:AMZN) had its price target lifted by Raymond James from $200.00 to $205.00 in a research note released on Wednesday, Benzinga reports. Raymond James currently has a strong-buy rating on the e-commerce giant’s stock.

Other research analysts have also recently issued reports about the stock. DA Davidson reaffirmed a buy rating and issued a $235.00 target price on shares of Amazon.com in a report on Thursday, April 18th. JPMorgan Chase & Co. lifted their target price on shares of Amazon.com from $190.00 to $225.00 and gave the stock an overweight rating in a report on Friday, February 2nd. Roth Mkm reaffirmed a buy rating and issued a $205.00 target price on shares of Amazon.com in a report on Tuesday, April 16th. Benchmark reaffirmed a buy rating and issued a $200.00 target price on shares of Amazon.com in a report on Wednesday, April 24th. Finally, BMO Capital Markets lifted their target price on shares of Amazon.com from $205.00 to $215.00 and gave the stock an outperform rating in a report on Tuesday, April 23rd. One equities research analyst has rated the stock with a hold rating, forty-four have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of Buy and a consensus target price of $210.18.

Amazon.com Trading Up 2.3 %

Shares of NASDAQ AMZN opened at $179.00 on Wednesday. Amazon.com has a 1 year low of $101.15 and a 1 year high of $189.77. The stock has a market cap of $1.86 trillion, a P/E ratio of 61.72, a price-to-earnings-growth ratio of 1.57 and a beta of 1.16. The firm has a 50-day moving average of $178.59 and a 200 day moving average of $159.78. The company has a debt-to-equity ratio of 0.29, a current ratio of 1.05 and a quick ratio of 0.84.

Amazon.com (NASDAQ:AMZN) last issued its quarterly earnings results on Tuesday, April 30th. The e-commerce giant reported $0.98 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.83 by $0.15. The company had revenue of $143.31 billion during the quarter, compared to analysts’ expectations of $142.65 billion. Amazon.com had a net margin of 5.29% and a return on equity of 16.61%. Amazon.com’s revenue was up 12.5% on a year-over-year basis. During the same period last year, the company posted $0.31 EPS. As a group, sell-side analysts expect that Amazon.com will post 4.11 EPS for the current fiscal year.

Insider Buying and Selling

In related news, insider Jeffrey P. Bezos sold 2,009,208 shares of the company’s stock in a transaction on Tuesday, February 20th. The shares were sold at an average price of $166.79, for a total transaction of $335,115,802.32. Following the completion of the transaction, the insider now owns 938,251,817 shares in the company, valued at $156,491,020,557.43. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. In related news, insider Jeffrey P. Bezos sold 5,998,849 shares of the company’s stock in a transaction on Wednesday, February 7th. The shares were sold at an average price of $170.16, for a total transaction of $1,020,764,145.84. Following the completion of the transaction, the insider now owns 982,252,968 shares in the company, valued at $167,140,165,034.88. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Jeffrey P. Bezos sold 2,009,208 shares of the company’s stock in a transaction on Tuesday, February 20th. The stock was sold at an average price of $166.79, for a total transaction of $335,115,802.32. Following the transaction, the insider now owns 938,251,817 shares of the company’s stock, valued at approximately $156,491,020,557.43. The disclosure for this sale can be found here. Over the last quarter, insiders sold 32,213,510 shares of company stock worth $5,505,811,286. 10.30% of the stock is owned by insiders.

Institutional Investors Weigh In On Amazon.com

A number of hedge funds have recently bought and sold shares of the business. Ridgecrest Wealth Partners LLC raised its stake in Amazon.com by 0.7% during the first quarter. Ridgecrest Wealth Partners LLC now owns 7,755 shares of the e-commerce giant’s stock valued at $1,399,000 after purchasing an additional 56 shares in the last quarter. Stordahl Capital Management Inc. raised its stake in Amazon.com by 2.1% during the first quarter. Stordahl Capital Management Inc. now owns 2,763 shares of the e-commerce giant’s stock valued at $498,000 after purchasing an additional 56 shares in the last quarter. Echo45 Advisors LLC raised its stake in Amazon.com by 0.9% during the first quarter. Echo45 Advisors LLC now owns 6,619 shares of the e-commerce giant’s stock valued at $1,194,000 after purchasing an additional 59 shares in the last quarter. Boyd Wealth Management LLC raised its stake in Amazon.com by 1.7% during the first quarter. Boyd Wealth Management LLC now owns 3,655 shares of the e-commerce giant’s stock valued at $659,000 after purchasing an additional 60 shares in the last quarter. Finally, ShoreHaven Wealth Partners LLC raised its stake in Amazon.com by 1.9% during the fourth quarter. ShoreHaven Wealth Partners LLC now owns 3,234 shares of the e-commerce giant’s stock valued at $491,000 after purchasing an additional 60 shares in the last quarter. Hedge funds and other institutional investors 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.