Amazon.com (NASDAQ:AMZN) Price Target Raised to $225.00

Amazon.com (NASDAQ:AMZN) had its target price hoisted by Evercore ISI from $220.00 to $225.00 in a report released on Wednesday, Benzinga reports. The firm currently has an outperform rating on the e-commerce giant’s stock.

Other research analysts have also recently issued reports about the company. Moffett Nathanson reiterated a buy rating and issued a $228.00 price objective on shares of Amazon.com in a report on Thursday, April 11th. DA Davidson restated a buy rating and set a $235.00 price target on shares of Amazon.com in a research note on Thursday, April 18th. Royal Bank of Canada upped their price target on Amazon.com from $180.00 to $215.00 and gave the stock an outperform rating in a research note on Friday, February 2nd. JPMorgan Chase & Co. upped their price target on Amazon.com from $190.00 to $225.00 and gave the stock an overweight rating in a research note on Friday, February 2nd. Finally, Oppenheimer upped their price target on Amazon.com from $200.00 to $210.00 and gave the stock an outperform rating in a research note on Friday, February 2nd. One 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. According to MarketBeat.com, the stock has a consensus rating of Buy and an average price target of $210.18.

Amazon.com Trading Up 2.3 %

AMZN opened at $179.00 on Wednesday. Amazon.com has a one year low of $101.15 and a one year high of $189.77. The stock has a market capitalization of $1.86 trillion, a PE ratio of 61.72, a P/E/G ratio of 1.57 and a beta of 1.16. The business’s 50 day moving average price is $178.59 and its 200 day moving average price is $159.78. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.84 and a current ratio of 1.05.

Amazon.com (NASDAQ:AMZN) last released its quarterly earnings data on Tuesday, April 30th. The e-commerce giant reported $0.98 EPS for the quarter, beating 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 firm had revenue of $143.31 billion for the quarter, compared to analysts’ expectations of $142.65 billion. During the same period in the prior year, the firm posted $0.31 earnings per share. The firm’s quarterly revenue was up 12.5% on a year-over-year basis. As a group, equities research analysts expect that Amazon.com will post 4.11 EPS for the current year.

Insider Buying and Selling at Amazon.com

In other Amazon.com news, VP Shelley Reynolds sold 3,100 shares of the company’s stock in a transaction on Wednesday, February 21st. The shares were sold at an average price of $168.97, for a total value of $523,807.00. Following the completion of the transaction, the vice president now owns 119,780 shares in the company, valued at $20,239,226.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, insider Jeffrey P. Bezos sold 5,998,849 shares of the 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 completion of the sale, the insider now owns 982,252,968 shares in the company, valued at $167,140,165,034.88. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, VP Shelley Reynolds sold 3,100 shares of the stock in a transaction dated Wednesday, February 21st. The stock was sold at an average price of $168.97, for a total transaction of $523,807.00. Following the sale, the vice president now owns 119,780 shares of the company’s stock, valued at approximately $20,239,226.60. The disclosure for this sale can be found here. Insiders sold 32,213,510 shares of company stock worth $5,505,811,286 over the last 90 days. Corporate insiders own 10.30% of the company’s stock.

Institutional Investors Weigh In On Amazon.com

Hedge funds have recently made changes to their positions in the business. Cooksen Wealth LLC acquired a new stake in shares of Amazon.com during the fourth quarter worth about $30,000. PayPay Securities Corp boosted its stake in shares of Amazon.com by 54.3% during the third quarter. PayPay Securities Corp now owns 267 shares of the e-commerce giant’s stock worth $34,000 after buying an additional 94 shares during the period. E Fund Management Hong Kong Co. Ltd. boosted its stake in shares of Amazon.com by 45.0% during the fourth quarter. E Fund Management Hong Kong Co. Ltd. now owns 277 shares of the e-commerce giant’s stock worth $42,000 after buying an additional 86 shares during the period. Strid Group LLC acquired a new stake in Amazon.com in the fourth quarter valued at about $43,000. Finally, Clarity Asset Management Inc. acquired a new stake in Amazon.com in the fourth quarter valued at about $46,000. Institutional investors and hedge funds 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.