Amazon.com (NASDAQ:AMZN) Price Target Raised to $230.00

Amazon.com (NASDAQ:AMZN) had its price target upped by Barclays from $220.00 to $230.00 in a research note published on Wednesday, Benzinga reports. They currently have an overweight rating on the e-commerce giant’s stock.

Several other research analysts have also weighed in on the stock. JMP Securities restated a market outperform rating and set a $225.00 price objective on shares of Amazon.com in a research note on Wednesday, April 24th. Wolfe Research upped their price target on shares of Amazon.com from $195.00 to $205.00 and gave the company an outperform rating in a research note on Friday, February 2nd. Wedbush reiterated an outperform rating and issued a $225.00 price target on shares of Amazon.com in a research note on Wednesday. Evercore ISI upped their price target on shares of Amazon.com from $220.00 to $225.00 and gave the company an outperform rating in a research note on Wednesday. Finally, TD Cowen upped their price target on shares of Amazon.com from $200.00 to $225.00 and gave the company an outperform rating in a research note on Friday, February 2nd. One investment 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 company. According to MarketBeat, Amazon.com has a consensus rating of Buy and an average target price of $210.18.

Amazon.com Stock Up 2.3 %

Amazon.com stock opened at $179.00 on Wednesday. The firm has a market capitalization of $1.86 trillion, a PE ratio of 61.72, a P/E/G ratio of 1.57 and a beta of 1.16. The company’s 50-day moving average is $178.59 and its 200-day moving average is $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.

Amazon.com (NASDAQ:AMZN) last released its quarterly earnings data on Tuesday, April 30th. The e-commerce giant reported $0.98 earnings per share for the quarter, topping the consensus estimate of $0.83 by $0.15. The company had revenue of $143.31 billion for the quarter, compared to analyst estimates of $142.65 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 12.5% compared to the same quarter last year. During the same period in the previous year, the business earned $0.31 EPS. Sell-side analysts anticipate that Amazon.com will post 4.11 earnings per share for the current year.

Insider Activity at Amazon.com

In related news, CEO Douglas J. Herrington sold 20,200 shares of the stock in a transaction that occurred on Wednesday, February 7th. The shares were sold at an average price of $169.99, for a total value of $3,433,798.00. Following the completion of the transaction, 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 legal filing with the SEC, which is available through the SEC website. In other news, insider Jeffrey P. Bezos sold 2,009,208 shares of the firm’s stock in a transaction on Tuesday, February 20th. The shares were sold at an average price of $166.79, for a total transaction of $335,115,802.32. Following the completion of the transaction, the insider now owns 938,251,817 shares of the company’s stock, valued at $156,491,020,557.43. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Douglas J. Herrington sold 20,200 shares of the firm’s 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 transaction, 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. Insiders sold a total of 32,213,510 shares of company stock valued at $5,505,811,286 in the last quarter. Insiders own 10.30% of the company’s stock.

Hedge Funds Weigh In On Amazon.com

Large investors have recently modified their holdings of the business. Cooksen Wealth LLC bought a new position in shares of Amazon.com during the fourth quarter valued at $30,000. PayPay Securities Corp increased its position in shares of Amazon.com by 54.3% during the third quarter. PayPay Securities Corp now owns 267 shares of the e-commerce giant’s stock worth $34,000 after buying an additional 94 shares during the period. E Fund Management Hong Kong Co. Ltd. increased its position in shares of Amazon.com by 45.0% during the fourth quarter. E Fund Management Hong Kong Co. Ltd. now owns 277 shares of the e-commerce giant’s stock worth $42,000 after buying an additional 86 shares during the period. Strid Group LLC acquired a new stake in shares of Amazon.com during the fourth quarter worth $43,000. Finally, Harbor Investment Advisory LLC increased its position in shares of Amazon.com by 0.7% during the fourth quarter. Harbor Investment Advisory LLC now owns 299,959 shares of the e-commerce giant’s stock worth $46,000 after buying an additional 1,988 shares during the period. 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.