Mizuho Raises Amazon.com (NASDAQ:AMZN) Price Target to $240.00

Amazon.com (NASDAQ:AMZN) had its target price lifted by Mizuho from $230.00 to $240.00 in a research report sent to investors on Wednesday, Benzinga reports. Mizuho currently has a buy rating on the e-commerce giant’s stock.

A number of other brokerages have also issued reports on AMZN. Moffett Nathanson restated a buy rating and set a $228.00 target price on shares of Amazon.com in a research report on Thursday, April 11th. Monness Crespi & Hardt lifted their price target on shares of Amazon.com from $170.00 to $215.00 and gave the company a buy rating in a report on Friday, February 2nd. Sanford C. Bernstein lifted their price target on shares of Amazon.com from $175.00 to $200.00 and gave the company an outperform rating in a report on Friday, February 2nd. Truist Financial lifted their price target on shares of Amazon.com from $195.00 to $216.00 and gave the company a buy rating in a report on Wednesday, April 17th. Finally, JPMorgan Chase & Co. lifted their price target on shares of Amazon.com from $190.00 to $225.00 and gave the company an overweight rating in a report on Friday, February 2nd. One 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 stock. According to MarketBeat, the stock presently has a consensus rating of Buy and a consensus target price of $210.18.

Amazon.com Stock Up 2.3 %

Shares of NASDAQ AMZN opened at $179.00 on Wednesday. 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 $178.59 and its 200 day moving average price is $159.78. The firm has a market cap of $1.86 trillion, a P/E ratio of 61.72, a price-to-earnings-growth 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.

Amazon.com (NASDAQ:AMZN) last announced its earnings results on Tuesday, April 30th. The e-commerce giant reported $0.98 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.83 by $0.15. Amazon.com had a net margin of 5.29% and a return on equity of 16.61%. The firm had revenue of $143.31 billion for the quarter, compared to analyst estimates of $142.65 billion. During the same quarter last year, the business earned $0.31 earnings per share. Amazon.com’s revenue was up 12.5% compared to the same quarter last year. As a group, 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, insider Jeffrey P. Bezos sold 5,998,849 shares of Amazon.com stock in a transaction on Wednesday, February 7th. The shares were sold at an average price of $170.16, for a total value of $1,020,764,145.84. Following the completion of the sale, the insider now owns 982,252,968 shares of the company’s stock, valued at approximately $167,140,165,034.88. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In related news, insider Jeffrey P. Bezos sold 5,998,849 shares of Amazon.com stock in a transaction on Wednesday, February 7th. The shares were sold at an average price of $170.16, for a total value of $1,020,764,145.84. Following the completion of the sale, the insider now owns 982,252,968 shares of the company’s stock, valued at approximately $167,140,165,034.88. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO Adam Selipsky sold 500 shares of Amazon.com stock in a transaction on Thursday, March 21st. The shares were 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 of the company’s stock, valued at approximately $23,868,000. The disclosure for this sale can be found here. In the last 90 days, insiders sold 32,213,510 shares of company stock valued at $5,505,811,286. Insiders own 10.30% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of AMZN. 1900 Wealth Management LLC increased its holdings in shares of Amazon.com by 7.9% during the 3rd quarter. 1900 Wealth Management LLC now owns 26,006 shares of the e-commerce giant’s stock worth $3,306,000 after purchasing an additional 1,899 shares during the period. Park Place Capital Corp increased its holdings in shares of Amazon.com by 4.0% during the 3rd quarter. Park Place Capital Corp now owns 22,054 shares of the e-commerce giant’s stock worth $2,804,000 after purchasing an additional 857 shares during the period. Kozak & Associates Inc. increased its holdings in shares of Amazon.com by 81.9% during the 3rd quarter. Kozak & Associates Inc. now owns 54,534 shares of the e-commerce giant’s stock worth $6,978,000 after purchasing an additional 24,549 shares during the period. Avior Wealth Management LLC increased its holdings in shares of Amazon.com by 0.3% during the 3rd quarter. Avior Wealth Management LLC now owns 71,767 shares of the e-commerce giant’s stock worth $9,123,000 after purchasing an additional 225 shares during the period. Finally, Founders Financial Securities LLC increased its holdings in shares of Amazon.com by 5.6% during the 3rd quarter. Founders Financial Securities LLC now owns 40,762 shares of the e-commerce giant’s stock worth $5,182,000 after purchasing an additional 2,147 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.