Amazon.com (NASDAQ:AMZN) Price Target Increased to $215.00 by Analysts at BMO Capital Markets

Amazon.com (NASDAQ:AMZN) had its target price lifted by BMO Capital Markets from $205.00 to $215.00 in a research report sent to investors on Tuesday, Benzinga reports. BMO Capital Markets currently has an outperform rating on the e-commerce giant’s stock.

A number of other brokerages also recently commented on AMZN. The Goldman Sachs Group raised their target price on shares of Amazon.com from $200.00 to $220.00 and gave the company a buy rating in a research note on Friday, February 2nd. Telsey Advisory Group reissued an outperform rating and issued a $200.00 target price on shares of Amazon.com in a research note on Wednesday, March 27th. Monness Crespi & Hardt raised their target price on shares of Amazon.com from $170.00 to $215.00 and gave the company a buy rating in a research note on Friday, February 2nd. Raymond James raised their target price on shares of Amazon.com from $185.00 to $200.00 and gave the company a strong-buy rating in a research note on Friday, February 2nd. Finally, Evercore ISI lifted their price target on shares of Amazon.com from $195.00 to $220.00 and gave the stock an outperform rating in a research note on Friday, February 2nd. One 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. Based on data from MarketBeat.com, Amazon.com currently has an average rating of Buy and an average price target of $203.13.

Amazon.com Stock Up 1.3 %

Shares of NASDAQ AMZN opened at $179.54 on Tuesday. Amazon.com has a 1 year low of $101.15 and a 1 year high of $189.77. The firm’s 50 day moving average price is $177.60 and its 200 day moving average price is $157.99. The firm has a market cap of $1.87 trillion, a P/E ratio of 61.91, a price-to-earnings-growth ratio of 1.52 and a beta of 1.17. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.84 and a current ratio of 1.05.

Amazon.com (NASDAQ:AMZN) last announced its quarterly earnings results 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 for the quarter, compared to analyst estimates of $165.96 billion. Amazon.com had a net margin of 5.29% and a return on equity of 16.61%. Amazon.com’s revenue for the quarter was up 13.9% on a year-over-year basis. During the same quarter last year, the business earned $0.21 EPS. As a group, sell-side analysts anticipate that Amazon.com will post 4.1 earnings per share for the current year.

Insider Buying and Selling at Amazon.com

In other Amazon.com news, 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 transaction, the chief executive officer now directly owns 514,131 shares in the company, valued at approximately $87,397,128.69. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. In other news, CEO Adam Selipsky sold 500 shares of Amazon.com stock in a transaction on Thursday, February 1st. The stock was sold at an average price of $155.72, for a total transaction of $77,860.00. Following the sale, the chief executive officer now directly owns 116,560 shares in the company, valued at approximately $18,150,723.20. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Douglas J. Herrington sold 20,200 shares of Amazon.com stock in a transaction dated Wednesday, February 7th. The stock was sold at an average price of $169.99, for a total value of $3,433,798.00. Following the completion of 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 disclosure for this sale can be found here. In the last three months, insiders have sold 32,214,010 shares of company stock worth $5,505,889,146. Corporate insiders own 10.80% of the company’s stock.

Institutional Investors Weigh In On Amazon.com

Large investors have recently added to or reduced their stakes in the company. Bell Bank grew its holdings in Amazon.com by 28.9% during the 1st quarter. Bell Bank now owns 51,942 shares of the e-commerce giant’s stock valued at $9,369,000 after buying an additional 11,651 shares in the last quarter. Truefg LLC purchased a new position in Amazon.com during the 1st quarter valued at about $230,000. Charter Oak Capital Management LLC grew its holdings in Amazon.com by 24.1% during the 1st quarter. Charter Oak Capital Management LLC now owns 6,132 shares of the e-commerce giant’s stock valued at $1,105,000 after buying an additional 1,192 shares in the last quarter. North Point Portfolio Managers Corp OH grew its holdings in Amazon.com by 0.4% during the 1st quarter. North Point Portfolio Managers Corp OH now owns 104,316 shares of the e-commerce giant’s stock valued at $18,817,000 after buying an additional 443 shares in the last quarter. Finally, Iowa State Bank grew its holdings in Amazon.com by 2.5% during the 1st quarter. Iowa State Bank now owns 47,073 shares of the e-commerce giant’s stock valued at $8,491,000 after buying an additional 1,146 shares in 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.