Amazon.com (NASDAQ:AMZN) Price Target Increased to $220.00 by Analysts at Truist Financial

Amazon.com (NASDAQ:AMZN) had its price objective hoisted by Truist Financial from $216.00 to $220.00 in a research note released on Wednesday morning, Benzinga reports. Truist Financial currently has a buy rating on the e-commerce giant’s stock.

AMZN has been the subject of a number of other reports. TD Cowen lifted their price objective on shares of Amazon.com from $200.00 to $225.00 and gave the company an outperform rating in a report on Friday, February 2nd. Bank of America lifted their price objective on shares of Amazon.com from $185.00 to $204.00 and gave the company a buy rating in a report on Friday, February 2nd. Piper Sandler lifted their price objective on shares of Amazon.com from $205.00 to $220.00 and gave the company an overweight rating in a report on Wednesday. Wedbush lifted their price objective on shares of Amazon.com from $220.00 to $225.00 and gave the company an outperform rating in a report on Wednesday, April 24th. Finally, Oppenheimer lifted their price objective on shares of Amazon.com from $200.00 to $210.00 and gave the company an outperform rating in a report on Friday, February 2nd. One analyst has rated the stock with a hold rating, forty-four have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the stock has an average rating of Buy and a consensus target price of $210.18.

Amazon.com Trading Up 2.3 %

NASDAQ:AMZN opened at $179.00 on Wednesday. The company has a current ratio of 1.05, a quick ratio of 0.84 and a debt-to-equity ratio of 0.29. The stock has a market capitalization of $1.86 trillion, a price-to-earnings ratio of 61.72, a PEG ratio of 1.57 and a beta of 1.16. The firm has a fifty day simple moving average of $178.59 and a two-hundred day simple moving average of $159.78. Amazon.com has a 12 month low of $101.15 and a 12 month high of $189.77.

Amazon.com (NASDAQ:AMZN) last posted its quarterly earnings results on Tuesday, April 30th. The e-commerce giant reported $0.98 EPS for the quarter, topping analysts’ consensus estimates of $0.83 by $0.15. The business 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%. The business’s quarterly revenue was up 12.5% on a year-over-year basis. During the same period last year, the company posted $0.31 earnings per share. Analysts expect that Amazon.com will post 4.11 EPS for the current fiscal year.

Insider Activity at Amazon.com

In related news, CEO Douglas J. Herrington sold 20,200 shares of the business’s stock in a transaction that occurred on Wednesday, February 7th. The shares were sold at an average price of $169.99, for a total transaction of $3,433,798.00. Following the completion of the transaction, the chief executive officer now owns 514,131 shares of the company’s stock, valued at $87,397,128.69. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. In related news, insider Jeffrey P. Bezos sold 2,009,208 shares of the business’s stock in a transaction that occurred 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 of the company’s stock, valued at $156,491,020,557.43. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CEO Douglas J. Herrington sold 20,200 shares of the business’s stock in a transaction that occurred on Wednesday, February 7th. The stock was sold at an average price of $169.99, for a total transaction of $3,433,798.00. Following the completion of the transaction, the chief executive officer now directly owns 514,131 shares of the company’s stock, valued at approximately $87,397,128.69. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 32,213,510 shares of company stock valued at $5,505,811,286. Corporate insiders own 10.30% of the company’s stock.

Hedge Funds Weigh In On Amazon.com

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Better Money Decisions LLC grew its stake in Amazon.com by 3.3% in the 1st quarter. Better Money Decisions LLC now owns 8,449 shares of the e-commerce giant’s stock worth $1,524,000 after buying an additional 266 shares in the last quarter. Crown Wealth Group LLC grew its stake in Amazon.com by 18.5% in the 1st quarter. Crown Wealth Group LLC now owns 20,478 shares of the e-commerce giant’s stock worth $3,694,000 after buying an additional 3,193 shares in the last quarter. ESG Planning DBA Harper Investing grew its stake in Amazon.com by 61.0% in the 1st quarter. ESG Planning DBA Harper Investing now owns 10,584 shares of the e-commerce giant’s stock worth $1,909,000 after buying an additional 4,009 shares in the last quarter. Hunter Associates Investment Management LLC grew its stake in Amazon.com by 2.0% in the 1st quarter. Hunter Associates Investment Management LLC now owns 10,101 shares of the e-commerce giant’s stock worth $1,821,000 after buying an additional 200 shares in the last quarter. Finally, Rockline Wealth Management LLC boosted its stake in shares of Amazon.com by 7.6% in the 1st quarter. Rockline Wealth Management LLC now owns 32,544 shares of the e-commerce giant’s stock valued at $5,870,000 after purchasing an additional 2,285 shares in the last quarter. Hedge funds and other institutional investors own 72.20% of the company’s stock.

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.