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

Amazon.com (NASDAQ:AMZN) had its target price increased by Wedbush from $220.00 to $225.00 in a research note released on Wednesday, Benzinga reports. They currently have an outperform rating on the e-commerce giant’s stock. Wedbush also issued estimates for Amazon.com’s Q2 2024 earnings at $1.01 EPS, Q3 2024 earnings at $1.19 EPS, Q4 2024 earnings at $1.23 EPS, FY2024 earnings at $4.35 EPS and FY2025 earnings at $5.85 EPS.

Several other research firms have also recently issued reports on AMZN. Morgan Stanley lifted their price objective on Amazon.com from $185.00 to $200.00 and gave the stock an overweight rating in a report on Friday, February 2nd. JMP Securities lifted their price objective on Amazon.com from $175.00 to $225.00 and gave the stock an outperform rating in a report on Friday, February 2nd. Evercore ISI lifted their price objective on Amazon.com from $195.00 to $220.00 and gave the stock an outperform rating in a report on Friday, February 2nd. Roth Mkm reiterated a buy rating and issued a $205.00 price objective on shares of Amazon.com in a report on Tuesday, April 16th. Finally, Truist Financial lifted their price objective on Amazon.com from $195.00 to $216.00 and gave the stock a buy rating in a report on Wednesday, April 17th. One equities research analyst has rated the stock with a hold rating, forty-four have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of Buy and a consensus target price of $205.13.

Amazon.com Price Performance

Shares of Amazon.com stock opened at $179.62 on Wednesday. The company has a quick ratio of 0.84, a current ratio of 1.05 and a debt-to-equity ratio of 0.29. Amazon.com has a twelve month low of $101.15 and a twelve month high of $189.77. The business has a 50-day moving average price of $177.99 and a 200 day moving average price of $158.59. The firm has a market cap of $1.87 trillion, a PE ratio of 61.94, a P/E/G ratio of 1.53 and a beta of 1.16.

Amazon.com (NASDAQ:AMZN) last announced its quarterly earnings results on Thursday, February 1st. The e-commerce giant reported $1.00 earnings per share for the quarter, beating the consensus estimate of $0.81 by $0.19. Amazon.com had a return on equity of 16.61% and a net margin of 5.29%. The firm had revenue of $169.96 billion during the quarter, compared to analyst estimates of $165.96 billion. During the same quarter in the previous year, the business earned $0.21 EPS. Amazon.com’s revenue for the quarter was up 13.9% compared to the same quarter last year. Sell-side analysts predict that Amazon.com will post 4.1 earnings per share for the current fiscal year.

Insider Buying and Selling at Amazon.com

In other Amazon.com news, CEO Adam Selipsky sold 500 shares of the business’s stock in a transaction that occurred on Thursday, February 1st. The stock was sold at an average price of $155.72, for a total value of $77,860.00. Following the sale, the chief executive officer now owns 116,560 shares of the company’s stock, valued at $18,150,723.20. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other Amazon.com news, CEO Douglas J. Herrington sold 3,500 shares of the business’s stock in a transaction that occurred on Monday, April 1st. The stock was sold at an average price of $180.73, for a total value of $632,555.00. Following the sale, the chief executive officer now owns 512,858 shares of the company’s stock, valued at $92,688,826.34. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO Adam Selipsky sold 500 shares of the business’s stock in a transaction that occurred on Thursday, February 1st. The shares were sold at an average price of $155.72, for a total value of $77,860.00. Following the completion of the sale, the chief executive officer now directly owns 116,560 shares in the company, valued at approximately $18,150,723.20. The disclosure for this sale can be found here. Insiders have sold a total of 32,214,010 shares of company stock valued at $5,505,889,146 over the last quarter. 10.30% of the stock is owned by company insiders.

Institutional Trading of Amazon.com

A number of large investors have recently modified their holdings of AMZN. Capital City Trust Co. FL increased its position in shares of Amazon.com by 1.5% during the third quarter. Capital City Trust Co. FL now owns 53,923 shares of the e-commerce giant’s stock worth $6,855,000 after acquiring an additional 771 shares during the period. Essex Savings Bank increased its position in shares of Amazon.com by 2.8% during the third quarter. Essex Savings Bank now owns 26,332 shares of the e-commerce giant’s stock worth $3,347,000 after acquiring an additional 706 shares during the period. Geometric Wealth Advisors increased its position in shares of Amazon.com by 2.4% during the third quarter. Geometric Wealth Advisors now owns 6,695 shares of the e-commerce giant’s stock worth $851,000 after acquiring an additional 155 shares during the period. BCS Wealth Management purchased a new stake in shares of Amazon.com during the third quarter worth $1,335,000. Finally, Northwest Investment Counselors LLC increased its position in shares of Amazon.com by 0.6% during the third quarter. Northwest Investment Counselors LLC now owns 23,131 shares of the e-commerce giant’s stock worth $2,940,000 after acquiring an additional 146 shares during the period. 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.