Amazon.com (NASDAQ:AMZN) Price Target Increased to $220.00 by Analysts at Oppenheimer

Amazon.com (NASDAQ:AMZN) had its price objective increased by Oppenheimer from $210.00 to $220.00 in a research report sent to investors on Wednesday morning, Benzinga reports. Oppenheimer currently has an outperform rating on the e-commerce giant’s stock.

AMZN has been the topic of several other research reports. Wedbush lifted their target price on Amazon.com from $220.00 to $225.00 and gave the company an outperform rating in a research note on Wednesday, April 24th. Truist Financial upped their target price on shares of Amazon.com from $216.00 to $220.00 and gave the stock a buy rating in a research report on Wednesday. Moffett Nathanson reiterated a buy rating and issued a $228.00 price target on shares of Amazon.com in a report on Thursday, April 11th. Wells Fargo & Company increased their price objective on shares of Amazon.com from $211.00 to $217.00 and gave the company an overweight rating in a report on Monday, April 1st. Finally, Evercore ISI raised their price objective on Amazon.com from $220.00 to $225.00 and gave the company an outperform rating in a research report on Wednesday. One equities research analyst has rated the stock with a hold rating, forty-four have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, Amazon.com currently has a consensus rating of Buy and an average target price of $211.07.

Amazon.com Stock Performance

Shares of AMZN stock opened at $186.21 on Wednesday. The company’s 50-day moving average is $179.02 and its 200 day moving average is $160.32. Amazon.com has a one year low of $103.31 and a one year high of $189.77. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.84 and a current ratio of 1.07. The company has a market capitalization of $1.94 trillion, a price-to-earnings ratio of 52.16, a price-to-earnings-growth ratio of 1.37 and a beta of 1.15.

Amazon.com (NASDAQ:AMZN) last released its quarterly earnings data 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 firm had revenue of $143.31 billion during the quarter, compared to analysts’ expectations of $142.65 billion. Amazon.com had a net margin of 6.38% and a return on equity of 19.86%. The firm’s quarterly revenue was up 12.5% on a year-over-year basis. During the same period in the previous year, the company earned $0.31 earnings per share. Sell-side analysts expect that Amazon.com will post 4.55 EPS for the current fiscal year.

Insider Buying and Selling

In related news, CEO Adam Selipsky sold 500 shares of the company’s stock in a transaction that occurred on Thursday, April 4th. The shares were sold at an average price of $184.00, for a total transaction of $92,000.00. Following the sale, the chief executive officer now directly owns 131,600 shares in the company, valued at $24,214,400. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In other news, insider Jeffrey P. Bezos sold 2,009,208 shares of the company’s stock in a transaction dated Tuesday, February 20th. The stock was sold at an average price of $166.79, for a total transaction of $335,115,802.32. Following the completion of the transaction, the insider now directly owns 938,251,817 shares of the company’s stock, valued at approximately $156,491,020,557.43. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CEO Adam Selipsky sold 500 shares of the firm’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 sale, the chief executive officer now directly owns 131,600 shares in the company, valued at approximately $24,214,400. The disclosure for this sale can be found here. Insiders sold 32,217,010 shares of company stock valued at $5,506,442,301 in the last three months. 10.80% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Amazon.com

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Vanguard Group Inc. boosted its stake in shares of 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 Amazon.com by 7.7% during the 3rd quarter. FMR LLC now owns 302,101,441 shares of the e-commerce giant’s stock worth $38,403,135,000 after acquiring an additional 21,649,871 shares during the period. Norges Bank purchased a new position in shares of Amazon.com in the 4th quarter valued at approximately $17,700,551,000. Northern Trust Corp increased its holdings in shares of Amazon.com by 3.7% in the third quarter. Northern Trust Corp now owns 92,329,336 shares of the e-commerce giant’s stock valued at $11,736,905,000 after purchasing an additional 3,260,411 shares during the period. Finally, Jennison Associates LLC raised its stake in shares of Amazon.com by 0.5% during the first quarter. Jennison Associates LLC now owns 56,666,183 shares of the e-commerce giant’s stock worth $10,221,446,000 after purchasing an additional 295,132 shares during the last quarter. 72.20% of the stock is currently owned by institutional investors and hedge funds.

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.