Brokerages Set Amazon.com, Inc. (NASDAQ:AMZN) PT at $221.88

Amazon.com, Inc. (NASDAQ:AMZN) has been assigned an average rating of “Buy” from the forty-one brokerages that are covering the company, Marketbeat reports. One investment analyst has rated the stock with a hold rating, thirty-nine have issued a buy rating and one has assigned a strong buy rating to the company. The average 1 year price objective among brokers that have updated their coverage on the stock in the last year is $221.69.

A number of equities research analysts recently issued reports on AMZN shares. Raymond James boosted their target price on shares of Amazon.com from $200.00 to $205.00 and gave the company a “strong-buy” rating in a report on Wednesday, May 1st. TD Cowen boosted their price objective on shares of Amazon.com from $225.00 to $245.00 and gave the company a “buy” rating in a research note on Wednesday, July 10th. Citigroup increased their target price on Amazon.com from $235.00 to $245.00 and gave the stock a “buy” rating in a research report on Wednesday, May 1st. Monness Crespi & Hardt boosted their price target on Amazon.com from $215.00 to $225.00 and gave the company a “buy” rating in a research report on Wednesday, May 1st. Finally, Needham & Company LLC upped their price target on Amazon.com from $205.00 to $210.00 and gave the stock a “buy” rating in a research note on Wednesday, July 17th.

Insider Activity

In other Amazon.com news, CEO Andrew R. Jassy sold 20,784 shares of the stock in a transaction on Tuesday, May 21st. The shares were sold at an average price of $181.44, for a total transaction of $3,771,048.96. Following the sale, the chief executive officer now directly owns 2,025,358 shares of the company’s stock, valued at $367,480,955.52. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other Amazon.com news, insider Jeffrey P. Bezos sold 3,085,116 shares of the stock in a transaction on Friday, July 5th. The stock was sold at an average price of $200.07, for a total value of $617,239,158.12. Following the sale, the insider now directly owns 931,925,277 shares of the company’s stock, valued at $186,450,290,169.39. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Andrew R. Jassy sold 20,784 shares of the business’s stock in a transaction on Tuesday, May 21st. The shares were sold at an average price of $181.44, for a total transaction of $3,771,048.96. Following the transaction, the chief executive officer now directly owns 2,025,358 shares of the company’s stock, valued at approximately $367,480,955.52. The disclosure for this sale can be found here. In the last ninety days, insiders sold 6,106,726 shares of company stock worth $1,221,095,028. 10.80% of the stock is currently owned by insiders.

Institutional Trading of Amazon.com

Several hedge funds have recently bought and sold shares of the company. Circle Wealth Management LLC lifted its holdings in Amazon.com by 2.5% in the second quarter. Circle Wealth Management LLC now owns 283,654 shares of the e-commerce giant’s stock worth $54,816,000 after purchasing an additional 6,969 shares during the period. Kowal Investment Group LLC boosted its holdings in shares of Amazon.com by 6.6% in the second quarter. Kowal Investment Group LLC now owns 18,409 shares of the e-commerce giant’s stock valued at $3,558,000 after acquiring an additional 1,136 shares in the last quarter. Merriman Wealth Management LLC raised its holdings in Amazon.com by 9.5% during the second quarter. Merriman Wealth Management LLC now owns 51,004 shares of the e-commerce giant’s stock worth $9,864,000 after purchasing an additional 4,433 shares in the last quarter. Avalon Global Asset Management LLC lifted its position in Amazon.com by 0.5% in the second quarter. Avalon Global Asset Management LLC now owns 107,900 shares of the e-commerce giant’s stock worth $20,852,000 after purchasing an additional 500 shares during the period. Finally, Connecticut Wealth Management LLC boosted its stake in Amazon.com by 1.0% during the 2nd quarter. Connecticut Wealth Management LLC now owns 30,793 shares of the e-commerce giant’s stock valued at $5,951,000 after purchasing an additional 317 shares in the last quarter. 72.20% of the stock is currently owned by institutional investors.

Amazon.com Stock Up 2.1 %

Shares of NASDAQ:AMZN opened at $170.23 on Friday. Amazon.com has a 12-month low of $118.35 and a 12-month high of $201.20. The stock’s 50-day moving average price is $185.06 and its two-hundred day moving average price is $180.36. The company has a current ratio of 1.07, a quick ratio of 0.87 and a debt-to-equity ratio of 0.27. The firm has a market cap of $1.77 trillion, a price-to-earnings ratio of 47.68, a PEG ratio of 1.32 and a beta of 1.15.

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.