Amazon.com (NASDAQ:AMZN) Price Target Raised to $220.00

Amazon.com (NASDAQ:AMZN) had its price objective increased by research analysts at Truist Financial from $216.00 to $220.00 in a research report issued on Wednesday, Benzinga reports. The firm currently has a “buy” rating on the e-commerce giant’s stock. Truist Financial’s target price points to a potential upside of 25.71% from the company’s current price.

AMZN has been the subject of several other research reports. Oppenheimer upped their price target on shares of Amazon.com from $200.00 to $210.00 and gave the stock an “outperform” rating in a research report on Friday, February 2nd. Raymond James increased their price objective on shares of Amazon.com from $200.00 to $205.00 and gave the stock a “strong-buy” rating in a research report on Wednesday. JPMorgan Chase & Co. increased their price objective on shares of Amazon.com from $190.00 to $225.00 and gave the stock an “overweight” rating in a research report on Friday, February 2nd. Maxim Group dropped their price objective on shares of Amazon.com from $318.00 to $238.00 and set a “buy” rating for the company in a research report on Wednesday. Finally, Roth Mkm reissued a “buy” rating and issued a $205.00 price objective on shares of Amazon.com in a research report on Tuesday, April 16th. One investment analyst has rated the stock with a hold rating, forty-four have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the company presently has an average rating of “Buy” and an average target price of $208.67.

Amazon.com Stock Performance

Shares of AMZN stock opened at $175.00 on Wednesday. Amazon.com has a 12-month low of $101.15 and a 12-month high of $189.77. The company has a market cap of $1.82 trillion, a price-to-earnings ratio of 60.34, a price-to-earnings-growth ratio of 1.57 and a beta of 1.16. The stock has a 50 day simple moving average of $178.38 and a 200-day simple moving average of $159.64. The company has a current ratio of 1.05, a quick ratio of 0.84 and a debt-to-equity ratio of 0.29.

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

Insider Activity at Amazon.com

In other news, CEO Douglas J. Herrington sold 20,200 shares of Amazon.com 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 transaction, the chief executive officer now owns 514,131 shares of the company’s stock, valued at $87,397,128.69. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. In other news, CEO Adam Selipsky sold 500 shares of the firm’s stock in a transaction 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 sale, the chief executive officer now owns 116,560 shares in the company, valued at $18,150,723.20. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CEO Douglas J. Herrington sold 20,200 shares of the firm’s stock in a transaction on Wednesday, February 7th. The stock was sold at an average price of $169.99, for a total transaction of $3,433,798.00. Following the completion of the sale, the chief executive officer now owns 514,131 shares in the company, valued at approximately $87,397,128.69. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 32,214,010 shares of company stock valued at $5,505,889,146. 10.30% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Amazon.com

Hedge funds and other institutional investors have recently modified their holdings of the stock. Cooksen Wealth LLC acquired a new stake in shares of Amazon.com in the fourth quarter worth $30,000. PayPay Securities Corp boosted its stake in Amazon.com by 54.3% during the third quarter. PayPay Securities Corp now owns 267 shares of the e-commerce giant’s stock worth $34,000 after buying an additional 94 shares in the last quarter. E Fund Management Hong Kong Co. Ltd. boosted its stake in Amazon.com by 45.0% during the fourth quarter. E Fund Management Hong Kong Co. Ltd. now owns 277 shares of the e-commerce giant’s stock worth $42,000 after buying an additional 86 shares in the last quarter. Strid Group LLC acquired a new stake in Amazon.com during the fourth quarter worth $43,000. Finally, Harbor Investment Advisory LLC boosted its stake in Amazon.com by 0.7% during the fourth quarter. Harbor Investment Advisory LLC now owns 299,959 shares of the e-commerce giant’s stock worth $46,000 after buying an additional 1,988 shares in the last quarter. Institutional investors and hedge funds 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.