Amazon.com (NASDAQ:AMZN) Price Target Raised to $220.00 at Oppenheimer

Amazon.com (NASDAQ:AMZN) had its price objective hoisted by Oppenheimer from $210.00 to $220.00 in a report issued on Wednesday morning, Benzinga reports. Oppenheimer currently has an outperform rating on the e-commerce giant’s stock.

Several other brokerages have also commented on AMZN. JPMorgan Chase & Co. increased their price objective on shares of Amazon.com from $190.00 to $225.00 and gave the company an overweight rating in a research report on Friday, February 2nd. Wedbush increased their price objective on shares of Amazon.com from $220.00 to $225.00 and gave the company an outperform rating in a research report on Wednesday, April 24th. Susquehanna increased their price objective on shares of Amazon.com from $185.00 to $220.00 and gave the company a positive rating in a research report on Friday, February 2nd. Wells Fargo & Company increased their price objective on shares of Amazon.com from $211.00 to $217.00 and gave the company an overweight rating in a research report on Monday, April 1st. Finally, Benchmark reissued a buy rating and set a $200.00 price target on shares of Amazon.com in a research report on Wednesday, April 24th. One research 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 company. According to data from MarketBeat.com, Amazon.com has an average rating of Buy and an average price target of $210.18.

Amazon.com Stock Up 2.3 %

NASDAQ:AMZN opened at $179.00 on Wednesday. Amazon.com has a fifty-two week low of $101.15 and a fifty-two week high of $189.77. The stock has a market capitalization of $1.86 trillion, a P/E ratio of 61.72, a P/E/G ratio of 1.57 and a beta of 1.16. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.84 and a current ratio of 1.05. The company’s 50-day simple moving average is $178.59 and its 200-day simple moving average is $159.78.

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

Insiders Place Their Bets

In other Amazon.com news, 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 transaction of $3,433,798.00. Following the sale, the chief executive officer now owns 514,131 shares of the company’s stock, valued at approximately $87,397,128.69. The sale was disclosed in a filing with the SEC, which is available at the SEC website. In other Amazon.com news, 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 transaction of $3,433,798.00. Following the sale, the chief executive officer now owns 514,131 shares of the company’s stock, valued at approximately $87,397,128.69. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Jeffrey P. Bezos sold 5,998,849 shares of Amazon.com stock in a transaction on Wednesday, February 7th. The stock was sold at an average price of $170.16, for a total transaction of $1,020,764,145.84. Following the sale, the insider now directly 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. Insiders have sold a total of 32,213,510 shares of company stock valued at $5,505,811,286 in the last 90 days. 10.30% of the stock is owned by insiders.

Institutional Investors Weigh In On Amazon.com

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Better Money Decisions LLC raised its holdings in shares of Amazon.com by 3.3% during the 1st quarter. Better Money Decisions LLC now owns 8,449 shares of the e-commerce giant’s stock worth $1,524,000 after acquiring an additional 266 shares during the period. Crown Wealth Group LLC raised its holdings in shares of Amazon.com by 18.5% during the 1st quarter. Crown Wealth Group LLC now owns 20,478 shares of the e-commerce giant’s stock worth $3,694,000 after acquiring an additional 3,193 shares during the period. ESG Planning DBA Harper Investing raised its holdings in shares of Amazon.com by 61.0% during the 1st quarter. ESG Planning DBA Harper Investing now owns 10,584 shares of the e-commerce giant’s stock worth $1,909,000 after acquiring an additional 4,009 shares during the period. Hunter Associates Investment Management LLC raised its holdings in shares of Amazon.com by 2.0% during the 1st quarter. Hunter Associates Investment Management LLC now owns 10,101 shares of the e-commerce giant’s stock worth $1,821,000 after acquiring an additional 200 shares during the period. Finally, Rockline Wealth Management LLC raised its holdings in shares of Amazon.com by 7.6% during the 1st quarter. Rockline Wealth Management LLC now owns 32,544 shares of the e-commerce giant’s stock worth $5,870,000 after acquiring an additional 2,285 shares during the period. Institutional investors and hedge funds 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.