Amazon.com (NASDAQ:AMZN) Price Target Raised to $225.00

Amazon.com (NASDAQ:AMZN) had its price objective boosted by Wedbush from $220.00 to $225.00 in a report issued on Wednesday, Benzinga reports. Wedbush currently has an outperform rating on the e-commerce giant’s stock. Wedbush also issued estimates for Amazon.com’s Q2 2024 earnings at $1.01 EPS, Q3 2024 earnings at $1.19 EPS, Q4 2024 earnings at $1.23 EPS, FY2024 earnings at $4.35 EPS and FY2025 earnings at $5.85 EPS.

AMZN has been the topic of several other reports. BMO Capital Markets raised their target price on shares of Amazon.com from $205.00 to $215.00 and gave the company an outperform rating in a report on Tuesday, April 23rd. Wolfe Research raised their target price on shares of Amazon.com from $195.00 to $205.00 and gave the company an outperform rating in a report on Friday, February 2nd. Needham & Company LLC reissued a buy rating and issued a $205.00 target price on shares of Amazon.com in a report on Thursday, April 18th. Truist Financial raised their target price 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, Deutsche Bank Aktiengesellschaft lifted their price target on shares of Amazon.com from $175.00 to $200.00 and gave the company a buy rating in a report on Friday, February 2nd. One equities research analyst has rated the stock with a hold rating, forty-four have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the stock has an average rating of Buy and a consensus target price of $205.13.

Amazon.com Price Performance

NASDAQ:AMZN opened at $179.62 on Wednesday. Amazon.com has a 52 week low of $101.15 and a 52 week high of $189.77. The firm has a market cap of $1.87 trillion, a price-to-earnings ratio of 61.94, a P/E/G ratio of 1.50 and a beta of 1.16. The firm’s 50-day simple moving average is $177.99 and its 200 day simple moving average is $158.79. 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 released its earnings results on Thursday, February 1st. The e-commerce giant reported $1.00 EPS for the quarter, beating the consensus estimate of $0.81 by $0.19. Amazon.com had a net margin of 5.29% and a return on equity of 16.61%. The firm had revenue of $169.96 billion for the quarter, compared to analyst estimates of $165.96 billion. During the same period last year, the firm earned $0.21 EPS. The business’s quarterly revenue was up 13.9% compared to the same quarter last year. As a group, sell-side analysts predict that Amazon.com will post 4.11 earnings per share for the current year.

Insider Transactions at Amazon.com

In other news, CEO Adam Selipsky sold 500 shares of the business’s stock in a transaction that occurred on Thursday, February 1st. The shares were sold at an average price of $155.72, for a total value of $77,860.00. Following the transaction, the chief executive officer now owns 116,560 shares in the company, valued at approximately $18,150,723.20. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, VP Shelley Reynolds sold 3,100 shares of Amazon.com stock in a transaction on Wednesday, February 21st. The shares were sold at an average price of $168.97, for a total value of $523,807.00. Following the completion of the sale, the vice president now owns 119,780 shares in the company, valued at approximately $20,239,226.60. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Adam Selipsky sold 500 shares of Amazon.com stock in a transaction on Thursday, February 1st. The shares were sold at an average price of $155.72, for a total transaction of $77,860.00. Following the completion of the sale, the chief executive officer now owns 116,560 shares of the company’s stock, valued at approximately $18,150,723.20. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 32,214,010 shares of company stock worth $5,505,889,146. Company insiders own 10.30% of the company’s stock.

Institutional Trading of Amazon.com

Several hedge funds have recently modified their holdings of AMZN. Norges Bank bought a new stake in shares of Amazon.com in the 4th quarter valued at $17,700,551,000. Vanguard Group Inc. increased its stake in shares of Amazon.com by 4.4% in the 3rd quarter. Vanguard Group Inc. now owns 757,951,795 shares of the e-commerce giant’s stock valued at $96,350,832,000 after acquiring an additional 32,038,029 shares in the last quarter. International Assets Investment Management LLC increased its stake in shares of Amazon.com by 16,029.3% in the 4th quarter. International Assets Investment Management LLC now owns 23,865,216 shares of the e-commerce giant’s stock valued at $36,260,810,000 after acquiring an additional 23,717,254 shares in the last quarter. FMR LLC increased its stake in shares of Amazon.com by 7.7% in the 3rd quarter. FMR LLC now owns 302,101,441 shares of the e-commerce giant’s stock valued at $38,403,135,000 after acquiring an additional 21,649,871 shares in the last quarter. Finally, Jennison Associates LLC increased its stake in Amazon.com by 28.4% during the 3rd quarter. Jennison Associates LLC now owns 54,981,548 shares of the e-commerce giant’s stock valued at $6,989,254,000 after purchasing an additional 12,176,114 shares in the last quarter. 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.