Amazon.com (NASDAQ:AMZN) PT Raised to $205.00

Amazon.com (NASDAQ:AMZN) had its price target increased by analysts at Argus from $185.00 to $205.00 in a research note issued to investors on Thursday, Benzinga reports. The firm presently has a “buy” rating on the e-commerce giant’s stock. Argus’ target price suggests a potential upside of 10.09% from the stock’s previous close.

Several other brokerages have also commented on AMZN. Robert W. Baird boosted their price target on Amazon.com from $205.00 to $210.00 and gave the company an “outperform” rating in a research note on Wednesday. Truist Financial upped their price objective on Amazon.com from $216.00 to $220.00 and gave the company a “buy” rating in a report on Wednesday. Deutsche Bank Aktiengesellschaft boosted their price target on shares of Amazon.com from $175.00 to $200.00 and gave the company a “buy” rating in a report on Friday, February 2nd. Raymond James lifted their price target on shares of Amazon.com from $200.00 to $205.00 and gave the company a “strong-buy” rating in a research note on Wednesday. Finally, Susquehanna upped their price target on Amazon.com from $185.00 to $220.00 and gave the stock a “positive” rating in a research report on Friday, February 2nd. One 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 company. Based on data from MarketBeat.com, Amazon.com currently has an average rating of “Buy” and an average price target of $211.07.

Amazon.com Trading Up 0.8 %

Amazon.com stock opened at $186.21 on Thursday. The company’s fifty day simple moving average is $178.79 and its 200-day simple moving average is $159.95. The company has a quick ratio of 0.84, a current ratio of 1.07 and a debt-to-equity ratio of 0.27. Amazon.com has a 12 month low of $103.31 and a 12 month high of $189.77. The stock has a market cap of $1.93 trillion, a P/E ratio of 52.16, a P/E/G ratio of 1.55 and a beta of 1.15.

Amazon.com (NASDAQ:AMZN) last posted its earnings results on Tuesday, April 30th. The e-commerce giant reported $0.98 earnings per share for the quarter, beating the consensus estimate of $0.83 by $0.15. The company had revenue of $143.31 billion for the quarter, compared to analyst estimates of $142.65 billion. Amazon.com had a return on equity of 19.86% and a net margin of 6.38%. The business’s revenue was up 12.5% compared to the same quarter last year. During the same period last year, the company earned $0.31 earnings per share. As a group, sell-side analysts forecast that Amazon.com will post 4.12 EPS for the current fiscal year.

Insider Buying and Selling at Amazon.com

In related news, CEO Adam Selipsky sold 500 shares of Amazon.com stock in a transaction dated Thursday, April 4th. The stock was sold at an average price of $184.00, for a total value of $92,000.00. Following the completion of the sale, the chief executive officer now owns 131,600 shares of the company’s stock, valued at approximately $24,214,400. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. In other Amazon.com news, CEO Adam Selipsky sold 500 shares of the company’s stock in a transaction dated Thursday, April 4th. The stock was sold at an average price of $184.00, for a total value of $92,000.00. Following the transaction, the chief executive officer now directly owns 131,600 shares in the company, valued at approximately $24,214,400. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, VP Shelley Reynolds sold 3,100 shares of the company’s stock in a transaction on Wednesday, February 21st. The stock was sold at an average price of $168.97, for a total transaction of $523,807.00. Following the completion of the transaction, the vice president now owns 119,780 shares of the company’s stock, valued at $20,239,226.60. The disclosure for this sale can be found here. Insiders have sold a total of 32,217,010 shares of company stock worth $5,506,442,301 over the last three months. 10.80% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Amazon.com

Several hedge funds and other institutional investors have recently modified their holdings of the company. GHP Investment Advisors Inc. boosted its position in shares of Amazon.com by 7.7% in the 3rd quarter. GHP Investment Advisors Inc. now owns 5,386 shares of the e-commerce giant’s stock worth $699,000 after purchasing an additional 383 shares in the last quarter. Nalls Sherbakoff Group LLC lifted its position in shares of Amazon.com by 7.4% during the 3rd quarter. Nalls Sherbakoff Group LLC now owns 10,128 shares of the e-commerce giant’s stock valued at $1,287,000 after buying an additional 700 shares in the last quarter. Farmers & Merchants Trust Co of Chambersburg PA raised its position in shares of Amazon.com by 1.4% during the 3rd quarter. Farmers & Merchants Trust Co of Chambersburg PA now owns 18,727 shares of the e-commerce giant’s stock valued at $2,381,000 after purchasing an additional 253 shares during the period. Kiley Juergens Wealth Management LLC lifted its position in shares of Amazon.com by 3.9% in the third quarter. Kiley Juergens Wealth Management LLC now owns 91,169 shares of the e-commerce giant’s stock valued at $11,589,000 after acquiring an additional 3,397 shares in the last quarter. Finally, Meridian Wealth Management LLC boosted its stake in Amazon.com by 113.5% in the 3rd quarter. Meridian Wealth Management LLC now owns 543,440 shares of the e-commerce giant’s stock worth $69,082,000 after purchasing an additional 288,942 shares during the period. 72.20% of the stock is owned by institutional investors.

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.