Amazon.com (NASDAQ:AMZN) Price Target Raised to $4,200.00 at Morgan Stanley

Amazon.com (NASDAQ:AMZN) had its price target increased by Morgan Stanley from $4,000.00 to $4,200.00 in a report issued on Tuesday, Analyst Price Targets reports. The firm currently has an overweight rating on the e-commerce giant’s stock.

AMZN has been the subject of several other research reports. Citigroup decreased their target price on Amazon.com from $4,175.00 to $4,100.00 and set a buy rating for the company in a research report on Tuesday, November 2nd. Jefferies Financial Group decreased their target price on Amazon.com from $4,200.00 to $4,000.00 and set a buy rating for the company in a research report on Friday, October 29th. Tigress Financial upped their target price on Amazon.com from $4,370.00 to $4,460.00 and gave the stock a buy rating in a research report on Wednesday, November 10th. Truist Securities upped their target price on Amazon.com from $3,800.00 to $4,000.00 and gave the stock a buy rating in a research report on Friday, October 29th. Finally, BMO Capital Markets reaffirmed a buy rating and issued a $4,100.00 target price on shares of Amazon.com in a research report on Sunday, October 31st. Forty research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, Amazon.com presently has an average rating of Buy and an average target price of $4,201.88.

Shares of NASDAQ:AMZN opened at $3,242.76 on Tuesday. The firm has a market capitalization of $1.64 trillion, a PE ratio of 63.43, a P/E/G ratio of 2.69 and a beta of 1.10. The company has a debt-to-equity ratio of 0.42, a current ratio of 1.12 and a quick ratio of 0.87. The business has a 50-day moving average of $3,438.21 and a two-hundred day moving average of $3,427.83. Amazon.com has a 12 month low of $2,881.00 and a 12 month high of $3,773.08.

Amazon.com (NASDAQ:AMZN) last announced its quarterly earnings results on Wednesday, October 27th. The e-commerce giant reported $6.12 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $9.10 by ($2.98). Amazon.com had a return on equity of 24.31% and a net margin of 5.73%. The firm had revenue of $110.81 billion for the quarter, compared to analyst estimates of $111.66 billion. During the same quarter in the prior year, the company earned $12.37 earnings per share. The business’s revenue was up 15.3% compared to the same quarter last year. As a group, research analysts anticipate that Amazon.com will post 40.79 earnings per share for the current year.

In related news, CEO Adam Selipsky sold 34 shares of the firm’s stock in a transaction that occurred on Wednesday, January 5th. The stock was sold at an average price of $3,337.66, for a total value of $113,480.44. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Jeffrey P. Bezos sold 50,034 shares of the firm’s stock in a transaction that occurred on Tuesday, November 2nd. The shares were sold at an average price of $3,319.45, for a total value of $166,085,361.30. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 86,314 shares of company stock worth $292,824,570. 14.00% of the stock is owned by insiders.

Hedge funds have recently modified their holdings of the company. Sphinx Trading LP acquired a new position in shares of Amazon.com during the 3rd quarter valued at $30,000. Lion Street Advisors LLC bought a new stake in shares of Amazon.com during the 2nd quarter worth $52,000. Lountzis Asset Management LLC boosted its stake in shares of Amazon.com by 60.0% during the 3rd quarter. Lountzis Asset Management LLC now owns 16 shares of the e-commerce giant’s stock worth $53,000 after acquiring an additional 6 shares in the last quarter. True Link Financial Advisors LLC bought a new stake in shares of Amazon.com during the 2nd quarter worth $72,000. Finally, Dark Forest Capital Management LP bought a new stake in shares of Amazon.com during the 2nd quarter worth $96,000. Institutional investors own 56.96% of the company’s stock.

Amazon.com Company Profile

Amazon.com, Inc engages in the provision of online retail shopping services. It operates through the following business segments: North America, International, and Amazon Web Services (AWS). The North America segment includes retail sales of consumer products and subscriptions through North America-focused websites such as www.amazon.com and www.amazon.ca.

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Analyst Recommendations for Amazon.com (NASDAQ:AMZN)

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