Amazon.com (NASDAQ:AMZN) Price Target Raised to $287.00 at Rosenblatt Securities

Amazon.com (NASDAQ:AMZN) had its target price increased by Rosenblatt Securities from $236.00 to $287.00 in a research report report published on Friday,Benzinga reports. The brokerage currently has a buy rating on the e-commerce giant’s stock.

A number of other research analysts also recently issued reports on the stock. Benchmark lifted their price target on shares of Amazon.com from $215.00 to $265.00 and gave the stock a “buy” rating in a research note on Tuesday. Raymond James lifted their price objective on shares of Amazon.com from $230.00 to $260.00 and gave the stock a “strong-buy” rating in a research report on Tuesday, January 21st. Piper Sandler increased their target price on Amazon.com from $215.00 to $225.00 and gave the company an “overweight” rating in a report on Friday, November 1st. Royal Bank of Canada lifted their price target on Amazon.com from $215.00 to $225.00 and gave the stock an “outperform” rating in a report on Friday, November 1st. Finally, Redburn Atlantic increased their price objective on Amazon.com from $225.00 to $235.00 and gave the company a “buy” rating in a report on Tuesday, November 26th. Two investment analysts have rated the stock with a hold rating, forty-two have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, Amazon.com has an average rating of “Moderate Buy” and an average price target of $260.20.

Amazon.com Stock Performance

NASDAQ:AMZN opened at $229.15 on Friday. Amazon.com has a 52 week low of $151.61 and a 52 week high of $242.52. The company has a fifty day simple moving average of $226.51 and a two-hundred day simple moving average of $200.30. The company has a quick ratio of 0.87, a current ratio of 1.09 and a debt-to-equity ratio of 0.21. The company has a market cap of $2.41 trillion, a price-to-earnings ratio of 49.07, a price-to-earnings-growth ratio of 1.35 and a beta of 1.15.

Amazon.com (NASDAQ:AMZN) last released its earnings results on Thursday, February 6th. The e-commerce giant reported $1.86 EPS for the quarter, topping the consensus estimate of $1.52 by $0.34. Amazon.com had a return on equity of 22.41% and a net margin of 8.04%. As a group, equities analysts anticipate that Amazon.com will post 5.3 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, Director Jonathan Rubinstein sold 4,351 shares of Amazon.com stock in a transaction on Monday, December 9th. The stock was sold at an average price of $229.85, for a total transaction of $1,000,077.35. Following the completion of the transaction, the director now owns 88,203 shares of the company’s stock, valued at $20,273,459.55. The trade was a 4.70 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, insider Jeffrey P. Bezos sold 2,996,362 shares of the stock in a transaction dated Monday, November 11th. The shares were sold at an average price of $206.75, for a total transaction of $619,497,843.50. Following the completion of the sale, the insider now directly owns 914,420,614 shares in the company, valued at approximately $189,056,461,944.50. The trade was a 0.33 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 3,026,212 shares of company stock valued at $625,666,424. Corporate insiders own 10.80% of the company’s stock.

Institutional Trading of Amazon.com

Several institutional investors and hedge funds have recently modified their holdings of the business. Fiera Capital Corp increased its position in Amazon.com by 12.5% during the second quarter. Fiera Capital Corp now owns 401,113 shares of the e-commerce giant’s stock worth $77,515,000 after buying an additional 44,615 shares in the last quarter. Beam Wealth Advisors Inc. boosted its stake in shares of Amazon.com by 138.6% during the second quarter. Beam Wealth Advisors Inc. now owns 12,503 shares of the e-commerce giant’s stock valued at $2,416,000 after acquiring an additional 7,262 shares during the last quarter. Daiwa Securities Group Inc. increased its position in Amazon.com by 21.1% during the 2nd quarter. Daiwa Securities Group Inc. now owns 2,410,036 shares of the e-commerce giant’s stock worth $465,739,000 after purchasing an additional 419,503 shares in the last quarter. FARMERS & MERCHANTS TRUST Co OF LONG BEACH raised its stake in Amazon.com by 0.4% in the 2nd quarter. FARMERS & MERCHANTS TRUST Co OF LONG BEACH now owns 62,907 shares of the e-commerce giant’s stock valued at $12,157,000 after purchasing an additional 252 shares during the last quarter. Finally, Redwood Financial Network Corp lifted its holdings in Amazon.com by 3.6% in the 2nd quarter. Redwood Financial Network Corp now owns 10,091 shares of the e-commerce giant’s stock valued at $1,950,000 after purchasing an additional 349 shares in the last quarter. Hedge funds and other institutional investors own 72.20% of the company’s stock.

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.