Amazon.com (NASDAQ:AMZN) Price Target Increased to $216.00 by Analysts at Truist Financial

Amazon.com (NASDAQ:AMZN) had its target price lifted by Truist Financial from $195.00 to $216.00 in a research note released on Wednesday, MarketBeat.com reports. The brokerage currently has a buy rating on the e-commerce giant’s stock.

A number of other equities research analysts have also issued reports on the stock. Royal Bank of Canada upped their target price on shares of Amazon.com from $180.00 to $215.00 and gave the company an outperform rating in a research note on Friday, February 2nd. Robert W. Baird upped their target price on shares of Amazon.com from $185.00 to $205.00 and gave the company an outperform rating in a research note on Friday, February 2nd. Roth Mkm restated a buy rating and issued a $205.00 target price on shares of Amazon.com in a research note on Tuesday. Morgan Stanley upped their target price on shares of Amazon.com from $185.00 to $200.00 and gave the company an overweight rating in a research note on Friday, February 2nd. Finally, Telsey Advisory Group restated an outperform rating and issued a $200.00 target price on shares of Amazon.com in a research note on Wednesday, March 27th. One equities research analyst has rated the stock with a hold rating, forty-four have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of Buy and an average target price of $202.80.

Amazon.com Stock Down 1.1 %

Shares of Amazon.com stock opened at $181.28 on Wednesday. The company has a fifty day moving average price of $177.09 and a 200 day moving average price of $156.36. 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 has a twelve month low of $101.15 and a twelve month high of $189.77. The stock has a market cap of $1.89 trillion, a price-to-earnings ratio of 62.51, a price-to-earnings-growth ratio of 1.60 and a beta of 1.16.

Amazon.com (NASDAQ:AMZN) last posted its quarterly earnings data on Thursday, February 1st. The e-commerce giant reported $1.00 earnings per share for the quarter, beating analysts’ consensus estimates of $0.81 by $0.19. The company had revenue of $169.96 billion during the quarter, compared to analysts’ expectations of $165.96 billion. Amazon.com had a net margin of 5.29% and a return on equity of 16.61%. The firm’s revenue for the quarter was up 13.9% on a year-over-year basis. During the same period in the prior year, the company posted $0.21 EPS. Equities research analysts forecast that Amazon.com will post 4.08 earnings per share for the current fiscal year.

Insider Activity

In other news, CEO Adam Selipsky sold 500 shares of the firm’s stock in a transaction 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 transaction, the chief executive officer now owns 131,600 shares in the company, valued at approximately $24,214,400. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, CEO Adam Selipsky sold 500 shares of the firm’s stock in a transaction 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 transaction, the chief executive officer now owns 131,600 shares in the company, valued at approximately $24,214,400. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Jeffrey P. Bezos sold 5,998,849 shares of the firm’s stock in a transaction on Wednesday, February 7th. The shares were sold at an average price of $170.16, for a total transaction of $1,020,764,145.84. Following the transaction, the insider now owns 982,252,968 shares in the company, valued at approximately $167,140,165,034.88. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 32,213,510 shares of company stock worth $5,505,798,456. 12.70% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of AMZN. Mayflower Financial Advisors LLC grew its stake in Amazon.com by 0.3% in the 3rd quarter. Mayflower Financial Advisors LLC now owns 194,762 shares of the e-commerce giant’s stock valued at $25,000 after buying an additional 572 shares during the last quarter. Cooksen Wealth LLC acquired a new position in Amazon.com in the 4th quarter valued at $30,000. PayPay Securities Corp grew its position in Amazon.com by 54.3% in the 3rd quarter. PayPay Securities Corp now owns 267 shares of the e-commerce giant’s stock worth $34,000 after purchasing an additional 94 shares during the last quarter. Laurel Wealth Planning LLC grew its position in Amazon.com by 1,900.0% in the 2nd quarter. Laurel Wealth Planning LLC now owns 320 shares of the e-commerce giant’s stock worth $34,000 after purchasing an additional 304 shares during the last quarter. Finally, Sanctuary Wealth Management L.L.C. acquired a new stake in Amazon.com in the 4th quarter worth $37,000. 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.