Amazon.com (NASDAQ:AMZN) PT Raised to $215.00 at BMO Capital Markets

Amazon.com (NASDAQ:AMZN) had its target price boosted by BMO Capital Markets from $205.00 to $215.00 in a research report issued on Tuesday, Benzinga reports. The brokerage presently has an “outperform” rating on the e-commerce giant’s stock. BMO Capital Markets’ price target would indicate a potential upside of 21.75% from the stock’s previous close.

A number of other equities analysts have also recently commented on AMZN. Stifel Nicolaus lifted their price objective on shares of Amazon.com from $200.00 to $224.00 and gave the stock a “buy” rating in a research note on Tuesday, April 16th. Mizuho raised their target price on shares of Amazon.com from $220.00 to $230.00 and gave the stock a “buy” rating in a report on Friday, February 2nd. Truist Financial raised their target price on shares of Amazon.com from $195.00 to $216.00 and gave the stock a “buy” rating in a report on Wednesday, April 17th. Susquehanna raised their target price on shares of Amazon.com from $185.00 to $220.00 and gave the stock a “positive” rating in a report on Friday, February 2nd. Finally, Bank of America raised their target price on shares of Amazon.com from $185.00 to $204.00 and gave the stock a “buy” rating in a 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 issued a strong buy rating to the company’s stock. According to MarketBeat, Amazon.com presently has an average rating of “Buy” and a consensus target price of $204.76.

Amazon.com Stock Performance

AMZN opened at $176.59 on Tuesday. The stock has a market capitalization of $1.83 trillion, a price-to-earnings ratio of 60.89, a PEG ratio of 1.54 and a beta of 1.16. The company has a fifty day moving average of $177.71 and a 200 day moving average of $158.12. Amazon.com has a fifty-two week low of $101.15 and a fifty-two week high of $189.77. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.84 and a current ratio of 1.05.

Amazon.com (NASDAQ:AMZN) last issued its quarterly earnings data on Thursday, February 1st. The e-commerce giant reported $1.00 EPS for the quarter, topping analysts’ consensus estimates of $0.81 by $0.19. Amazon.com had a net margin of 5.29% and a return on equity of 16.61%. The business had revenue of $169.96 billion during the quarter, compared to analysts’ expectations of $165.96 billion. During the same period last year, the company posted $0.21 EPS. The business’s revenue was up 13.9% on a year-over-year basis. As a group, sell-side analysts forecast that Amazon.com will post 4.1 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, VP Shelley Reynolds sold 3,100 shares of the company’s stock in a transaction on Wednesday, February 21st. The shares were sold at an average price of $168.97, for a total transaction of $523,807.00. Following the completion of the sale, the vice president now owns 119,780 shares of the company’s stock, valued at $20,239,226.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. In other news, VP Shelley Reynolds sold 3,100 shares of the company’s stock in a transaction on Wednesday, February 21st. The shares were sold at an average price of $168.97, for a total transaction of $523,807.00. Following the completion of the sale, the vice president now owns 119,780 shares of the company’s stock, valued at $20,239,226.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, SVP David Zapolsky sold 10,920 shares of the company’s stock in a transaction dated Wednesday, February 21st. The shares were sold at an average price of $169.21, for a total transaction of $1,847,773.20. Following the completion of the sale, the senior vice president now directly owns 59,100 shares of the company’s stock, valued at approximately $10,000,311. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 32,214,010 shares of company stock worth $5,505,889,146. Company insiders own 10.80% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of the stock. Vanguard Group Inc. boosted its stake in Amazon.com by 1.7% during the fourth quarter. Vanguard Group Inc. now owns 771,086,427 shares of the e-commerce giant’s stock worth $117,158,872,000 after buying an additional 13,134,632 shares during the period. FMR LLC lifted its position in shares of Amazon.com by 7.7% during the third quarter. FMR LLC now owns 302,101,441 shares of the e-commerce giant’s stock worth $38,403,135,000 after purchasing an additional 21,649,871 shares in the last quarter. Norges Bank acquired a new stake in shares of Amazon.com during the fourth quarter worth about $17,700,551,000. Northern Trust Corp lifted its position in shares of Amazon.com by 3.7% during the third quarter. Northern Trust Corp now owns 92,329,336 shares of the e-commerce giant’s stock worth $11,736,905,000 after purchasing an additional 3,260,411 shares in the last quarter. Finally, Jennison Associates LLC lifted its position in shares of Amazon.com by 2.5% during the fourth quarter. Jennison Associates LLC now owns 56,371,051 shares of the e-commerce giant’s stock worth $8,565,017,000 after purchasing an additional 1,389,503 shares in the last quarter. 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.