Amazon.com (NASDAQ:AMZN) Price Target Raised to $220.00 at BMO Capital Markets

Amazon.com (NASDAQ:AMZN) had its target price hoisted by BMO Capital Markets from $215.00 to $220.00 in a report released on Wednesday, Benzinga reports. The firm currently has an outperform rating on the e-commerce giant’s stock.

AMZN has been the topic of several other research reports. Canaccord Genuity Group increased their price target on Amazon.com from $185.00 to $200.00 and gave the company a buy rating in a report on Friday, February 2nd. Needham & Company LLC reissued a buy rating and issued a $205.00 price objective on shares of Amazon.com in a research report on Wednesday. Evercore ISI increased their price objective on Amazon.com from $220.00 to $225.00 and gave the company an outperform rating in a research report on Wednesday. Wolfe Research increased their price objective on Amazon.com from $195.00 to $205.00 and gave the company an outperform rating in a research report on Friday, February 2nd. Finally, Wells Fargo & Company increased their price objective on Amazon.com from $211.00 to $217.00 and gave the company an overweight rating in a research report on Monday, April 1st. One research analyst has rated the stock with a hold rating, forty-four have given a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, Amazon.com 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. Amazon.com has a 52 week low of $101.15 and a 52 week high of $189.77. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.84 and a current ratio of 1.05. The stock’s 50 day moving average price is $178.59 and its 200 day moving average price is $159.78. The company has a market capitalization of $1.86 trillion, a P/E ratio of 61.72, a P/E/G ratio of 1.57 and a beta of 1.16.

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

Insider Activity

In related news, CEO Douglas J. Herrington sold 20,200 shares of Amazon.com stock in a transaction dated Wednesday, February 7th. The stock was sold at an average price of $169.99, for a total value of $3,433,798.00. Following the completion of the sale, the chief executive officer now directly owns 514,131 shares in the company, valued at $87,397,128.69. The sale was disclosed in a filing with the SEC, which is available through the SEC website. In other Amazon.com news, insider Jeffrey P. Bezos sold 5,998,849 shares of the firm’s stock in a transaction dated Wednesday, February 7th. The stock was sold at an average price of $170.16, for a total transaction of $1,020,764,145.84. Following 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 link. Also, CEO Douglas J. Herrington sold 20,200 shares of the firm’s stock in a transaction dated Wednesday, February 7th. The stock was sold at an average price of $169.99, for a total value of $3,433,798.00. Following the transaction, the chief executive officer now owns 514,131 shares in the company, valued at approximately $87,397,128.69. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 32,213,510 shares of company stock worth $5,505,811,286. 10.30% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Amazon.com

Several institutional investors have recently modified their holdings of AMZN. Norges Bank bought a new position in shares of Amazon.com during the 4th quarter valued at about $17,700,551,000. Vanguard Group Inc. lifted its stake in Amazon.com by 4.4% in the 3rd quarter. Vanguard Group Inc. now owns 757,951,795 shares of the e-commerce giant’s stock valued at $96,350,832,000 after acquiring an additional 32,038,029 shares in the last quarter. International Assets Investment Management LLC lifted its stake in Amazon.com by 16,029.3% in the 4th quarter. International Assets Investment Management LLC now owns 23,865,216 shares of the e-commerce giant’s stock valued at $36,260,810,000 after acquiring an additional 23,717,254 shares in the last quarter. FMR LLC lifted its stake in Amazon.com by 7.7% in the 3rd quarter. FMR LLC now owns 302,101,441 shares of the e-commerce giant’s stock valued at $38,403,135,000 after acquiring an additional 21,649,871 shares in the last quarter. Finally, Jennison Associates LLC lifted its stake in Amazon.com by 28.4% in the 3rd quarter. Jennison Associates LLC now owns 54,981,548 shares of the e-commerce giant’s stock valued at $6,989,254,000 after acquiring an additional 12,176,114 shares in the last quarter. 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.