Amazon.com, Inc. (NASDAQ:AMZN) Receives $245.81 Average PT from Analysts

Shares of Amazon.com, Inc. (NASDAQ:AMZN) have earned an average rating of “Moderate Buy” from the forty-eight ratings firms that are covering the company, Marketbeat Ratings reports. Two equities research analysts have rated the stock with a hold rating, forty-five have issued a buy rating and one has assigned a strong buy rating to the company. The average 1-year price objective among brokerages that have covered the stock in the last year is $245.60.

AMZN has been the topic of a number of recent analyst reports. Piper Sandler reissued an “overweight” rating and set a $212.00 target price (down from $215.00) on shares of Amazon.com in a report on Friday, May 2nd. Evercore ISI decreased their price objective on shares of Amazon.com from $270.00 to $260.00 and set an “outperform” rating on the stock in a report on Friday, May 2nd. BNP Paribas raised shares of Amazon.com from a “hold” rating to a “strong-buy” rating in a research report on Friday, June 27th. Moffett Nathanson lifted their target price on shares of Amazon.com from $250.00 to $253.00 and gave the stock a “buy” rating in a report on Tuesday, June 24th. Finally, Truist Financial increased their price target on shares of Amazon.com from $226.00 to $250.00 and gave the company a “buy” rating in a report on Wednesday.

Insiders Place Their Bets

In other news, CFO Brian T. Olsavsky sold 17,750 shares of Amazon.com stock in a transaction on Wednesday, May 21st. The shares were sold at an average price of $201.57, for a total transaction of $3,577,867.50. Following the transaction, the chief financial officer owned 49,000 shares in the company, valued at approximately $9,876,930. The trade was a 26.59% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Andrew R. Jassy sold 19,872 shares of the business’s stock in a transaction on Wednesday, May 21st. The stock was sold at an average price of $201.30, for a total transaction of $4,000,233.60. Following the completion of the sale, the chief executive officer directly owned 2,148,694 shares in the company, valued at approximately $432,532,102.20. This represents a 0.92% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 3,426,963 shares of company stock worth $757,297,707 over the last quarter. 9.70% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Castlekeep Investment Advisors LLC bought a new position in Amazon.com during the 4th quarter worth approximately $25,000. Prudent Man Investment Management Inc. acquired a new stake in shares of Amazon.com during the fourth quarter worth $27,000. LSV Asset Management bought a new position in Amazon.com during the fourth quarter worth $35,000. Cooksen Wealth LLC acquired a new position in Amazon.com in the first quarter valued at $36,000. Finally, Inlight Wealth Management LLC bought a new stake in Amazon.com during the first quarter valued at $40,000. 72.20% of the stock is owned by institutional investors and hedge funds.

Amazon.com Stock Performance

NASDAQ AMZN opened at $223.13 on Wednesday. The firm has a market capitalization of $2.37 trillion, a P/E ratio of 36.34, a price-to-earnings-growth ratio of 1.68 and a beta of 1.33. The company has a current ratio of 1.05, a quick ratio of 0.84 and a debt-to-equity ratio of 0.17. The firm’s fifty day moving average price is $206.44 and its two-hundred day moving average price is $208.70. Amazon.com has a 1 year low of $151.61 and a 1 year high of $242.52.

Amazon.com (NASDAQ:AMZN) last issued its earnings results on Thursday, May 1st. The e-commerce giant reported $1.59 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.38 by $0.21. Amazon.com had a net margin of 10.14% and a return on equity of 24.14%. The company had revenue of $155.67 billion for the quarter, compared to analysts’ expectations of $154.96 billion. During the same period in the prior year, the firm earned $0.98 EPS. Amazon.com’s quarterly revenue was up 8.6% compared to the same quarter last year. As a group, research analysts anticipate that Amazon.com will post 6.31 EPS for the current year.

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.