Amazon.com (NASDAQ:AMZN) PT Raised to $230.00

Amazon.com (NASDAQ:AMZN) had its target price increased by Barclays from $220.00 to $230.00 in a research report released on Wednesday morning, Benzinga reports. The brokerage currently has an overweight rating on the e-commerce giant’s stock.

AMZN has been the subject of several other research reports. Wolfe Research raised their target price on Amazon.com from $195.00 to $205.00 and gave the stock an outperform rating in a research report on Friday, February 2nd. Rosenblatt Securities reaffirmed a buy rating and set a $220.00 price target on shares of Amazon.com in a report on Wednesday. Sanford C. Bernstein raised their price target on Amazon.com from $175.00 to $200.00 and gave the company an outperform rating in a report on Friday, February 2nd. Benchmark reaffirmed a buy rating and set a $200.00 price target on shares of Amazon.com in a report on Wednesday, April 24th. Finally, Stifel Nicolaus raised their price target on Amazon.com from $200.00 to $224.00 and gave the company a buy rating in a report on Tuesday, April 16th. One research analyst has rated the stock with a hold rating, forty-four have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the company 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 has a debt-to-equity ratio of 0.27, a current ratio of 1.07 and a quick ratio of 0.84. Amazon.com has a fifty-two week low of $103.31 and a fifty-two week high of $189.77. The stock’s 50-day moving average is $179.02 and its two-hundred day moving average is $160.32. The firm has a market cap of $1.94 trillion, a P/E ratio of 52.16, a PEG ratio of 1.37 and a beta of 1.15.

Amazon.com (NASDAQ:AMZN) last issued its 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. 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 in the prior year, the firm posted $0.31 EPS. Analysts predict that Amazon.com will post 4.55 earnings per share for the current fiscal year.

Insider Buying and Selling at Amazon.com

In other news, CEO Douglas J. Herrington sold 20,200 shares of the 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 sale, the chief executive officer now directly owns 514,131 shares of the company’s stock, valued at approximately $87,397,128.69. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In other Amazon.com news, CEO Adam Selipsky sold 500 shares of the company’s stock in a transaction on Thursday, April 4th. The stock was sold at an average price of $184.00, for a total transaction of $92,000.00. Following the completion of 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 filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Douglas J. Herrington sold 20,200 shares of Amazon.com stock in a transaction 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 owns 514,131 shares in the company, valued at approximately $87,397,128.69. The disclosure for this sale can be found here. Insiders have sold a total of 32,217,010 shares of company stock valued at $5,506,442,301 in the last ninety days. 10.80% of the stock is currently owned by corporate insiders.

Institutional Trading of Amazon.com

Several institutional investors and hedge funds have recently modified their holdings of the business. Ridgecrest Wealth Partners LLC lifted its position in shares of Amazon.com by 0.7% during the 1st quarter. Ridgecrest Wealth Partners LLC now owns 7,755 shares of the e-commerce giant’s stock worth $1,399,000 after buying an additional 56 shares during the last quarter. Stordahl Capital Management Inc. lifted its position in shares of Amazon.com by 2.1% during the 1st quarter. Stordahl Capital Management Inc. now owns 2,763 shares of the e-commerce giant’s stock worth $498,000 after buying an additional 56 shares during the last quarter. Lutz Financial Services LLC lifted its position in shares of Amazon.com by 1.9% during the 1st quarter. Lutz Financial Services LLC now owns 3,053 shares of the e-commerce giant’s stock worth $551,000 after buying an additional 57 shares during the last quarter. Echo45 Advisors LLC lifted its position in shares of Amazon.com by 0.9% during the 1st quarter. Echo45 Advisors LLC now owns 6,619 shares of the e-commerce giant’s stock worth $1,194,000 after buying an additional 59 shares during the last quarter. Finally, Boyd Wealth Management LLC lifted its position in shares of Amazon.com by 1.7% during the 1st quarter. Boyd Wealth Management LLC now owns 3,655 shares of the e-commerce giant’s stock worth $659,000 after buying an additional 60 shares during the last quarter. 72.20% of the stock is currently 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.