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

Amazon.com (NASDAQ:AMZN) had its target price boosted by investment analysts at Loop Capital from $215.00 to $225.00 in a report released on Monday, Benzinga reports. The brokerage presently has a “buy” rating on the e-commerce giant’s stock. Loop Capital’s price target points to a potential upside of 19.20% from the stock’s previous close.

Several other research analysts have also commented on the stock. Wells Fargo & Company raised their price objective on shares of Amazon.com from $217.00 to $234.00 and gave the company an “overweight” rating in a research note on Wednesday, May 1st. Wolfe Research raised their target price on shares of Amazon.com from $195.00 to $205.00 and gave the company an “outperform” rating in a report on Friday, February 2nd. BMO Capital Markets raised their target price on shares of Amazon.com from $215.00 to $220.00 and gave the company an “outperform” rating in a report on Wednesday, May 1st. DA Davidson reaffirmed a “buy” rating and issued a $235.00 target price on shares of Amazon.com in a report on Thursday, April 18th. Finally, Piper Sandler raised their target price on shares of Amazon.com from $205.00 to $220.00 and gave the company an “overweight” rating in a report on Wednesday, May 1st. One investment analyst has rated the stock with a hold rating, forty-four have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, Amazon.com has a consensus rating of “Buy” and a consensus price target of $211.62.

Amazon.com Trading Up 0.0 %

NASDAQ AMZN opened at $188.76 on Monday. The firm has a 50 day simple moving average of $179.60 and a 200-day simple moving average of $161.63. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.87 and a current ratio of 1.07. Amazon.com has a one year low of $104.70 and a one year high of $189.94. The firm has a market cap of $1.96 trillion, a price-to-earnings ratio of 52.87, a PEG ratio of 1.35 and a beta of 1.15.

Amazon.com (NASDAQ:AMZN) last posted its quarterly earnings data 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 6.38% and a return on equity of 19.86%. The business had revenue of $143.31 billion during the quarter, compared to analyst estimates of $142.65 billion. During the same quarter last year, the firm posted $0.31 earnings per share. The business’s revenue for the quarter was up 12.5% compared to the same quarter last year. Equities research analysts anticipate that Amazon.com will post 4.67 EPS for the current fiscal year.

Insider Activity at Amazon.com

In other news, insider Jeffrey P. Bezos sold 2,009,208 shares of the company’s stock in a transaction dated 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 approximately $156,491,020,557.43. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. In other news, insider Jeffrey P. Bezos sold 2,009,208 shares of the company’s stock in a transaction dated 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 approximately $156,491,020,557.43. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CEO Douglas J. Herrington sold 14,300 shares of the company’s stock in a transaction dated Monday, February 12th. The shares were sold at an average price of $175.00, for a total transaction of $2,502,500.00. Following the transaction, the chief executive officer now directly owns 499,831 shares of the company’s stock, valued at approximately $87,470,425. The disclosure for this sale can be found here. In the last quarter, insiders sold 26,197,961 shares of company stock valued at $4,482,244,357. 10.80% of the stock is owned by insiders.

Institutional Trading of Amazon.com

A number of institutional investors have recently modified their holdings of the company. Williams Jones Wealth Management LLC. grew its holdings in shares of Amazon.com by 1.7% during the 1st quarter. Williams Jones Wealth Management LLC. now owns 1,042,999 shares of the e-commerce giant’s stock worth $188,136,000 after purchasing an additional 17,068 shares during the period. Semus Wealth Partners LLC grew its holdings in shares of Amazon.com by 6.8% during the 1st quarter. Semus Wealth Partners LLC now owns 17,377 shares of the e-commerce giant’s stock worth $3,134,000 after purchasing an additional 1,107 shares during the period. Keeler Thomas Management LLC grew its holdings in shares of Amazon.com by 56.7% during the 1st quarter. Keeler Thomas Management LLC now owns 19,635 shares of the e-commerce giant’s stock worth $3,543,000 after purchasing an additional 7,104 shares during the period. Delta Financial Advisors LLC grew its holdings in shares of Amazon.com by 2.4% during the 1st quarter. Delta Financial Advisors LLC now owns 27,115 shares of the e-commerce giant’s stock worth $4,891,000 after purchasing an additional 645 shares during the period. Finally, Donoghue Forlines LLC purchased a new stake in shares of Amazon.com during the 1st quarter worth about $1,613,000. 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.