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

Amazon.com (NASDAQ:AMZN) had its target price lifted by Truist Financial from $220.00 to $230.00 in a research note published on Monday morning, Benzinga reports. Truist Financial currently has a buy rating on the e-commerce giant’s stock.

A number of other brokerages have also weighed in on AMZN. DA Davidson reaffirmed a buy rating and issued a $235.00 price target on shares of Amazon.com in a research note on Thursday, April 18th. Robert W. Baird upped their target price on shares of Amazon.com from $210.00 to $213.00 and gave the stock an outperform rating in a research note on Friday, June 21st. Barclays lowered their target price on Amazon.com from $230.00 to $220.00 and set an overweight rating for the company in a report on Tuesday, July 16th. Mizuho boosted their price target on Amazon.com from $230.00 to $240.00 and gave the company a buy rating in a report on Wednesday, May 1st. Finally, Wedbush reiterated an outperform rating and set a $225.00 price objective on shares of Amazon.com in a report on Wednesday, May 1st. One research analyst has rated the stock with a hold rating, forty-two have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the company currently has an average rating of Buy and a consensus price target of $219.82.

Amazon.com Trading Down 3.0 %

Shares of NASDAQ AMZN opened at $180.83 on Monday. The company’s 50 day simple moving average is $187.39 and its 200 day simple moving average is $178.37. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.07 and a quick ratio of 0.87. Amazon.com has a fifty-two week low of $118.35 and a fifty-two week high of $201.20. The firm has a market capitalization of $1.88 trillion, a P/E ratio of 50.65, a P/E/G ratio of 1.31 and a beta of 1.15.

Amazon.com (NASDAQ:AMZN) last announced 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 the consensus estimate of $142.65 billion. Amazon.com had a net margin of 6.38% and a return on equity of 19.86%. Amazon.com’s revenue for the quarter was up 12.5% on a year-over-year basis. During the same period last year, the company posted $0.31 EPS. On average, analysts predict that Amazon.com will post 4.72 EPS for the current year.

Insider Buying and Selling

In other news, CEO Douglas J. Herrington sold 3,500 shares of the firm’s stock in a transaction dated Wednesday, May 1st. The shares were sold at an average price of $180.29, for a total value of $631,015.00. Following the sale, the chief executive officer now directly owns 509,358 shares in the company, valued at approximately $91,832,153.82. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other news, insider Jeffrey P. Bezos sold 1,228,993 shares of the stock in a transaction dated Monday, July 8th. The stock was sold at an average price of $200.36, for a total value of $246,241,037.48. Following the transaction, the insider now directly owns 930,696,284 shares of the company’s stock, valued at $186,474,307,462.24. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Douglas J. Herrington sold 3,500 shares of the company’s stock in a transaction that occurred on Wednesday, May 1st. The shares were sold at an average price of $180.29, for a total value of $631,015.00. Following the completion of the sale, the chief executive officer now owns 509,358 shares in the company, valued at approximately $91,832,153.82. The disclosure for this sale can be found here. Insiders sold 6,112,990 shares of company stock valued at $1,222,250,048 over the last 90 days. Corporate insiders own 10.80% of the company’s stock.

Hedge Funds Weigh In On Amazon.com

Several institutional investors and hedge funds have recently modified their holdings of the stock. Collective Family Office LLC grew its position in shares of Amazon.com by 9.7% in the first quarter. Collective Family Office LLC now owns 9,278 shares of the e-commerce giant’s stock valued at $1,674,000 after purchasing an additional 819 shares during the period. Members Trust Co raised its holdings in shares of Amazon.com by 8.9% during the fourth quarter. Members Trust Co now owns 4,157 shares of the e-commerce giant’s stock valued at $638,000 after acquiring an additional 341 shares during the last quarter. Phillips Wealth Planners LLC lifted its position in shares of Amazon.com by 9.2% in the first quarter. Phillips Wealth Planners LLC now owns 2,655 shares of the e-commerce giant’s stock valued at $487,000 after acquiring an additional 224 shares in the last quarter. LifePlan Financial LLC purchased a new position in shares of Amazon.com in the fourth quarter valued at approximately $1,276,000. Finally, Legacy CG LLC boosted its stake in shares of Amazon.com by 8.2% in the fourth quarter. Legacy CG LLC now owns 55,645 shares of the e-commerce giant’s stock worth $8,455,000 after acquiring an additional 4,217 shares during the last quarter. Institutional investors and hedge funds 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.