Amazon.com (NASDAQ:AMZN) Price Target Raised to $215.00

Amazon.com (NASDAQ:AMZN) had its price objective raised by Telsey Advisory Group from $200.00 to $215.00 in a research report report published on Wednesday, MarketBeat reports. The brokerage currently has an outperform rating on the e-commerce giant’s stock.

A number of other equities analysts have also recently issued reports on AMZN. Wolfe Research increased their target price on Amazon.com from $195.00 to $205.00 and gave the stock an outperform rating in a report on Friday, February 2nd. Deutsche Bank Aktiengesellschaft increased their price target on Amazon.com from $175.00 to $200.00 and gave the stock a buy rating in a research report on Friday, February 2nd. Roth Mkm restated a buy rating and set a $205.00 price target on shares of Amazon.com in a research report on Tuesday, April 16th. JPMorgan Chase & Co. increased their price target on Amazon.com from $190.00 to $225.00 and gave the stock an overweight rating in a research report on Friday, February 2nd. Finally, Benchmark restated a buy rating and set a $200.00 price target on shares of Amazon.com in a research report on Wednesday, April 24th. One research analyst has rated the stock with a hold rating, forty-four have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, Amazon.com currently has a consensus rating of Buy and a consensus target price of $210.18.

Amazon.com Trading Up 2.3 %

Shares of 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 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 50 day simple moving average of $178.59 and a 200-day simple moving average of $159.78. The stock has a market cap of $1.86 trillion, a PE ratio of 61.72, a PEG ratio of 1.57 and a beta of 1.16.

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

Insider Buying and Selling

In related news, CEO Adam Selipsky sold 500 shares of the firm’s stock in a transaction on Thursday, March 21st. The stock was sold at an average price of $180.00, for a total transaction of $90,000.00. Following the sale, the chief executive officer now owns 132,600 shares of the company’s stock, valued at approximately $23,868,000. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other Amazon.com news, insider Jeffrey P. Bezos sold 2,009,208 shares of Amazon.com stock in a transaction dated Tuesday, February 20th. The stock was sold at an average price of $166.79, for a total value of $335,115,802.32. Following the sale, the insider now owns 938,251,817 shares of the company’s stock, valued at approximately $156,491,020,557.43. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Adam Selipsky sold 500 shares of Amazon.com stock in a transaction dated Thursday, March 21st. The shares were sold at an average price of $180.00, for a total value of $90,000.00. Following the completion of the sale, the chief executive officer now directly owns 132,600 shares in the company, valued at approximately $23,868,000. The disclosure for this sale can be found here. In the last quarter, insiders have sold 32,213,510 shares of company stock valued at $5,505,811,286. 10.30% of the stock is owned by company insiders.

Institutional Trading of Amazon.com

Several hedge funds and other institutional investors have recently modified their holdings of AMZN. Cherrydale Wealth Management LLC grew its holdings in shares of Amazon.com by 14.7% in the 4th quarter. Cherrydale Wealth Management LLC now owns 5,260 shares of the e-commerce giant’s stock valued at $799,000 after acquiring an additional 675 shares in the last quarter. Tompkins Financial Corp grew its holdings in shares of Amazon.com by 3.3% in the 4th quarter. Tompkins Financial Corp now owns 71,576 shares of the e-commerce giant’s stock valued at $10,875,000 after acquiring an additional 2,273 shares in the last quarter. Nicholas Company Inc. grew its holdings in shares of Amazon.com by 3.9% in the 3rd quarter. Nicholas Company Inc. now owns 705,065 shares of the e-commerce giant’s stock valued at $89,628,000 after acquiring an additional 26,465 shares in the last quarter. Nordea Investment Management AB grew its holdings in shares of Amazon.com by 5.4% in the 4th quarter. Nordea Investment Management AB now owns 5,397,520 shares of the e-commerce giant’s stock valued at $825,065,000 after acquiring an additional 277,631 shares in the last quarter. Finally, Foresight Capital Management Advisors Inc. bought a new position in shares of Amazon.com in the 4th quarter valued at about $1,891,000. Institutional investors and hedge funds 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.