Amazon.com (NASDAQ:AMZN) Price Target Increased to $225.00 by Analysts at Monness Crespi & Hardt

Amazon.com (NASDAQ:AMZN) had its price objective upped by Monness Crespi & Hardt from $215.00 to $225.00 in a research note released on Wednesday, Marketbeat reports. The brokerage currently has a buy rating on the e-commerce giant’s stock.

Several other equities research analysts have also recently commented on AMZN. Telsey Advisory Group lifted their target price on Amazon.com from $200.00 to $215.00 and gave the company an outperform rating in a research note on Wednesday. Moffett Nathanson reissued a buy rating and issued a $228.00 target price on shares of Amazon.com in a research note on Thursday, April 11th. Sanford C. Bernstein lifted their target price on Amazon.com from $175.00 to $200.00 and gave the company an outperform rating in a research note on Friday, February 2nd. Maxim Group initiated coverage on Amazon.com in a research note on Wednesday, April 17th. They set a buy rating and a $218.00 price objective for the company. Finally, Evercore ISI lifted their price objective on Amazon.com from $220.00 to $225.00 and gave the stock an outperform rating in a research note on Wednesday. One research analyst has rated the stock with a hold rating, forty-four have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of Buy and an average price target of $210.18.

Amazon.com Stock Performance

AMZN stock opened at $179.00 on Wednesday. The company has a 50 day moving average price of $178.59 and a 200 day moving average price of $159.78. Amazon.com has a fifty-two week low of $101.15 and a fifty-two week high of $189.77. The company has a debt-to-equity ratio of 0.29, a current ratio of 1.05 and a quick ratio of 0.84. The stock has a market capitalization of $1.86 trillion, a PE ratio of 61.72, a price-to-earnings-growth ratio of 1.57 and a beta of 1.16.

Amazon.com (NASDAQ:AMZN) last released its earnings results on Tuesday, April 30th. The e-commerce giant reported $0.98 EPS for the quarter, beating the consensus estimate of $0.83 by $0.15. The company had revenue of $143.31 billion during the quarter, compared to analysts’ expectations of $142.65 billion. Amazon.com had a return on equity of 16.61% and a net margin of 5.29%. The business’s revenue for the quarter was up 12.5% on a year-over-year basis. During the same period last year, the firm earned $0.31 EPS. Analysts forecast that Amazon.com will post 4.11 EPS for the current year.

Insider Buying and Selling

In related news, CEO Adam Selipsky sold 500 shares of the stock in a transaction that occurred on Thursday, March 21st. The stock was sold at an average price of $180.00, for a total transaction of $90,000.00. Following the sale, the chief executive officer now owns 132,600 shares of the company’s stock, valued at $23,868,000. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In other Amazon.com news, CEO Adam Selipsky sold 500 shares of the company’s stock in a transaction on Thursday, March 21st. The stock was sold at an average price of $180.00, for a total transaction of $90,000.00. Following the completion of the sale, the chief executive officer now directly owns 132,600 shares in the company, valued at $23,868,000. 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 3,500 shares of the company’s stock in a transaction on Monday, April 1st. The stock was sold at an average price of $180.73, for a total value of $632,555.00. Following the sale, the chief executive officer now owns 512,858 shares of the company’s stock, valued at $92,688,826.34. The disclosure for this sale can be found here. Insiders have sold 32,213,510 shares of company stock valued at $5,505,811,286 over the last 90 days. 10.30% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of AMZN. Cooksen Wealth LLC bought a new position in Amazon.com during the 4th quarter worth $30,000. PayPay Securities Corp raised its position in Amazon.com by 54.3% during 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. E Fund Management Hong Kong Co. Ltd. raised its position in Amazon.com by 45.0% during the 4th quarter. E Fund Management Hong Kong Co. Ltd. now owns 277 shares of the e-commerce giant’s stock worth $42,000 after purchasing an additional 86 shares during the last quarter. Strid Group LLC bought a new position in Amazon.com during the 4th quarter worth $43,000. Finally, Harbor Investment Advisory LLC raised its position in Amazon.com by 0.7% during the 4th quarter. Harbor Investment Advisory LLC now owns 299,959 shares of the e-commerce giant’s stock worth $46,000 after purchasing an additional 1,988 shares during the last quarter. 72.20% of the stock is 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.