Amazon.com (NASDAQ:AMZN) Price Target Raised to $225.00 at Loop Capital

Amazon.com (NASDAQ:AMZN) had its price objective increased by Loop Capital from $215.00 to $225.00 in a report released on Monday morning, Benzinga reports. They currently have a buy rating on the e-commerce giant’s stock.

Several other research firms have also weighed in on AMZN. Wells Fargo & Company lifted their target price on shares of Amazon.com from $217.00 to $234.00 and gave the company an overweight rating in a report on Wednesday, May 1st. Needham & Company LLC reissued a buy rating and set a $205.00 target price on shares of Amazon.com in a research note on Wednesday, May 1st. Canaccord Genuity Group lifted their price target on Amazon.com from $185.00 to $200.00 and gave the company a buy rating in a research note on Friday, February 2nd. BMO Capital Markets increased their price target on Amazon.com from $215.00 to $220.00 and gave the stock an outperform rating in a research report on Wednesday, May 1st. Finally, UBS Group boosted their price objective on Amazon.com from $215.00 to $217.00 and gave the company a buy rating in a research report on Wednesday, May 1st. One analyst has rated the stock with a hold rating, forty-four have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the company has a consensus rating of Buy and a consensus price target of $211.62.

Amazon.com Trading Up 0.8 %

Shares of Amazon.com stock opened at $189.50 on Monday. The stock has a market cap of $1.97 trillion, a PE ratio of 53.08, a price-to-earnings-growth ratio of 1.35 and a beta of 1.15. The firm has a fifty day moving average price of $179.90 and a 200 day moving average price of $161.81. Amazon.com has a 1 year low of $108.05 and a 1 year high of $191.70. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.07 and a quick ratio of 0.87.

Amazon.com (NASDAQ:AMZN) last issued its quarterly earnings data on Tuesday, April 30th. The e-commerce giant reported $0.98 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.83 by $0.15. Amazon.com had a return on equity of 19.86% and a net margin of 6.38%. The business had revenue of $143.31 billion during the quarter, compared to analysts’ expectations of $142.65 billion. The company’s revenue for the quarter was up 12.5% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.31 EPS. Equities research analysts predict that Amazon.com will post 4.67 earnings per share for the current year.

Insider Buying and Selling at Amazon.com

In other news, Director Keith Brian Alexander sold 1,000 shares of the stock in a transaction dated Monday, May 6th. The shares were sold at an average price of $186.22, for a total transaction of $186,220.00. Following the sale, the director now owns 4,760 shares of the company’s stock, valued at $886,407.20. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other Amazon.com news, CEO Douglas J. Herrington sold 14,300 shares of the stock in a transaction dated Monday, February 12th. The stock was sold at an average price of $175.00, for a total value of $2,502,500.00. Following the sale, the chief executive officer now owns 499,831 shares of the company’s stock, valued at approximately $87,470,425. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Keith Brian Alexander sold 1,000 shares of the business’s stock in a transaction dated Monday, May 6th. The stock was sold at an average price of $186.22, for a total value of $186,220.00. Following the transaction, the director now directly owns 4,760 shares of the company’s stock, valued at $886,407.20. The disclosure for this sale can be found here. Insiders sold a total of 20,187,979 shares of company stock valued at $3,440,575,337 in the last three months. 10.80% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in the company. Spirit of America Management Corp NY lifted its position in shares of Amazon.com by 37.1% during the 3rd quarter. Spirit of America Management Corp NY now owns 15,900 shares of the e-commerce giant’s stock worth $2,021,000 after buying an additional 4,300 shares during the last quarter. Etesian Wealth Advisors Inc. boosted its stake in Amazon.com by 0.6% in the third quarter. Etesian Wealth Advisors Inc. now owns 17,303 shares of the e-commerce giant’s stock valued at $2,200,000 after acquiring an additional 100 shares in the last quarter. Connective Portfolio Management LLC grew its holdings in shares of Amazon.com by 229.4% during the third quarter. Connective Portfolio Management LLC now owns 7,180 shares of the e-commerce giant’s stock worth $913,000 after purchasing an additional 5,000 shares during the last quarter. SWAN Capital LLC acquired a new stake in shares of Amazon.com during the third quarter worth about $224,000. Finally, Blue Fin Capital Inc. lifted its holdings in shares of Amazon.com by 0.6% in the 3rd quarter. Blue Fin Capital Inc. now owns 120,618 shares of the e-commerce giant’s stock valued at $15,333,000 after purchasing an additional 725 shares during 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.