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

Amazon.com (NASDAQ:AMZN) had its price target increased by Raymond James from $200.00 to $205.00 in a research note issued to investors on Wednesday, Benzinga reports. They currently have a strong-buy rating on the e-commerce giant’s stock.

Other equities research analysts have also recently issued research reports about the stock. Royal Bank of Canada lifted their target price on shares of Amazon.com from $180.00 to $215.00 and gave the stock an outperform rating in a research note on Friday, February 2nd. Maxim Group initiated coverage on shares of Amazon.com in a research report on Wednesday, April 17th. They set a buy rating and a $218.00 price target on the stock. Mizuho boosted their price target on shares of Amazon.com from $220.00 to $230.00 and gave the company a buy rating in a research report on Friday, February 2nd. Moffett Nathanson reissued a buy rating and set a $228.00 price target on shares of Amazon.com in a research report on Thursday, April 11th. Finally, Sanford C. Bernstein boosted their price target on shares of Amazon.com from $175.00 to $200.00 and gave the company an outperform rating in a research report on Friday, February 2nd. One research analyst has rated the stock with a hold rating, forty-four have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of Buy and a consensus price target of $210.18.

Amazon.com Trading Up 2.3 %

Shares of AMZN opened at $179.00 on Wednesday. Amazon.com has a 52-week low of $101.15 and a 52-week high of $189.77. The company has a quick ratio of 0.84, a current ratio of 1.05 and a debt-to-equity ratio of 0.29. The firm’s fifty day moving average is $178.59 and its two-hundred day moving average is $159.78. The stock has a market cap of $1.86 trillion, a PE ratio of 61.72, a price-to-earnings-growth ratio of 1.57 and a beta of 1.16.

Amazon.com (NASDAQ:AMZN) last announced its earnings results on Tuesday, April 30th. The e-commerce giant reported $0.98 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.83 by $0.15. Amazon.com had a net margin of 5.29% and a return on equity of 16.61%. The company had revenue of $143.31 billion for the quarter, compared to analysts’ expectations of $142.65 billion. During the same quarter in the previous year, the company posted $0.31 EPS. The firm’s quarterly revenue was up 12.5% on a year-over-year basis. Research analysts forecast that Amazon.com will post 4.11 earnings per share for the current fiscal year.

Insider Transactions at Amazon.com

In related news, CEO Douglas J. Herrington sold 20,200 shares of the company’s stock in a transaction that occurred on Wednesday, February 7th. The stock was sold at an average price of $169.99, for a total value of $3,433,798.00. Following the completion of the transaction, the chief executive officer now directly owns 514,131 shares of the company’s stock, valued at $87,397,128.69. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, CEO Adam Selipsky sold 500 shares of the company’s stock in a transaction that occurred on Thursday, April 18th. The stock was sold at an average price of $181.38, for a total value of $90,690.00. Following the completion of the transaction, the chief executive officer now directly owns 130,600 shares of the company’s stock, valued at $23,688,228. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Douglas J. Herrington sold 20,200 shares of the company’s stock in a transaction that occurred on Wednesday, February 7th. The shares were sold at an average price of $169.99, for a total value of $3,433,798.00. Following the completion of the transaction, the chief executive officer now directly owns 514,131 shares of the company’s stock, valued at $87,397,128.69. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 32,213,510 shares of company stock valued at $5,505,811,286. 10.30% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Amazon.com

Several large investors have recently modified their holdings of AMZN. Norges Bank acquired a new stake in shares of Amazon.com in the fourth quarter valued at approximately $17,700,551,000. Vanguard Group Inc. boosted its holdings in shares of Amazon.com by 4.4% in the third quarter. Vanguard Group Inc. now owns 757,951,795 shares of the e-commerce giant’s stock valued at $96,350,832,000 after acquiring an additional 32,038,029 shares during the period. International Assets Investment Management LLC boosted its holdings in shares of Amazon.com by 16,029.3% in the fourth quarter. International Assets Investment Management LLC now owns 23,865,216 shares of the e-commerce giant’s stock valued at $36,260,810,000 after acquiring an additional 23,717,254 shares during the period. FMR LLC raised its stake 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 during the last quarter. Finally, Jennison Associates LLC raised its stake in shares of Amazon.com by 28.4% during the third quarter. Jennison Associates LLC now owns 54,981,548 shares of the e-commerce giant’s stock worth $6,989,254,000 after purchasing an additional 12,176,114 shares during the last quarter. 72.20% of the stock is owned by institutional investors and hedge funds.

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.