Amazon.com (NASDAQ:AMZN) Price Target Raised to $220.00

Amazon.com (NASDAQ:AMZN) had its target price raised by Morgan Stanley from $215.00 to $220.00 in a report published on Wednesday morning, Benzinga reports. Morgan Stanley currently has an overweight rating on the e-commerce giant’s stock.

Several other brokerages also recently commented on AMZN. Monness Crespi & Hardt raised their price target on shares of Amazon.com from $215.00 to $225.00 and gave the company a buy rating in a report on Wednesday. Stifel Nicolaus raised their price objective on shares of Amazon.com from $200.00 to $224.00 and gave the company a buy rating in a research report on Tuesday, April 16th. Roth Mkm restated a buy rating and set a $205.00 price objective on shares of Amazon.com in a research report on Tuesday, April 16th. JMP Securities restated a market outperform rating and set a $225.00 price objective on shares of Amazon.com in a research report on Wednesday, April 24th. Finally, The Goldman Sachs Group raised their price objective on shares of Amazon.com from $220.00 to $225.00 and gave the company a buy rating in a research report on Wednesday. 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 company currently has an average rating of Buy and a consensus price target of $210.18.

Amazon.com Stock Up 2.3 %

Shares of NASDAQ:AMZN opened at $179.00 on Wednesday. The firm has a fifty day moving average price of $178.59 and a two-hundred day moving average price 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 has a one year low of $101.15 and a one year high of $189.77. The company has a market cap of $1.86 trillion, a price-to-earnings ratio of 61.72, a PEG 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 net margin of 5.29% and a return on equity of 16.61%. The firm had revenue of $143.31 billion during the quarter, compared to the consensus estimate of $142.65 billion. During the same period last year, the firm earned $0.31 EPS. The business’s quarterly revenue was up 12.5% compared to the same quarter last year. Analysts anticipate that Amazon.com will post 4.11 EPS for the current fiscal year.

Insider Activity at Amazon.com

In related news, insider Jeffrey P. Bezos sold 5,998,849 shares of the business’s stock in a transaction dated 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 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 filing with the Securities & Exchange Commission, which is available through this link. In other Amazon.com news, CEO Adam Selipsky sold 500 shares of the company’s 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 sale, the chief executive officer now owns 132,600 shares in the company, valued at $23,868,000. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Jeffrey P. Bezos sold 5,998,849 shares of the company’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 completion of the sale, the insider now owns 982,252,968 shares in the company, valued at approximately $167,140,165,034.88. The disclosure for this sale can be found here. Insiders have sold 32,213,510 shares of company stock worth $5,505,811,286 over the last 90 days. 10.30% of the stock is owned by company insiders.

Institutional Investors Weigh In On Amazon.com

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