Amazon.com (NASDAQ:AMZN) Price Target Increased to $225.00 by Analysts at Evercore ISI

Amazon.com (NASDAQ:AMZN) had its price target raised by Evercore ISI from $220.00 to $225.00 in a report issued on Wednesday morning, Benzinga reports. They currently have an outperform rating on the e-commerce giant’s stock.

Several other brokerages have also issued reports on AMZN. Stifel Nicolaus boosted their price target on Amazon.com from $200.00 to $224.00 and gave the company a buy rating in a research note on Tuesday, April 16th. Maxim Group started coverage on Amazon.com in a research report on Wednesday, April 17th. They set a buy rating and a $218.00 price objective on the stock. UBS Group raised their target price on Amazon.com from $198.00 to $215.00 and gave the stock a buy rating in a research report on Thursday, April 25th. Roth Mkm reiterated a buy rating and set a $205.00 price target on shares of Amazon.com in a research note on Tuesday, April 16th. Finally, JMP Securities restated a market outperform rating and issued a $225.00 price objective on shares of Amazon.com in a research note on Wednesday, April 24th. One analyst has rated the stock with a hold rating, forty-four have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, Amazon.com presently has a consensus rating of Buy and an average target price of $211.07.

Amazon.com Trading Up 0.8 %

Shares of Amazon.com stock opened at $186.21 on Wednesday. Amazon.com has a 1 year low of $103.31 and a 1 year high of $189.77. The company’s fifty day simple moving average is $179.02 and its 200-day simple moving average is $160.32. The company has a market cap of $1.94 trillion, a price-to-earnings ratio of 52.16, a PEG ratio of 1.37 and a beta of 1.15. The company has a current ratio of 1.07, a quick ratio of 0.84 and a debt-to-equity ratio of 0.27.

Amazon.com (NASDAQ:AMZN) last issued 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. Amazon.com had a net margin of 6.38% and a return on equity of 19.86%. The firm had revenue of $143.31 billion during the quarter, compared to the consensus estimate of $142.65 billion. During the same period in the prior year, the firm earned $0.31 EPS. The business’s revenue was up 12.5% on a year-over-year basis. As a group, sell-side analysts expect that Amazon.com will post 4.55 EPS for the current year.

Insider Buying and Selling at Amazon.com

In other news, CEO Douglas J. Herrington sold 20,200 shares of the firm’s stock in a transaction on Wednesday, February 7th. The stock was sold at an average price of $169.99, for a total value of $3,433,798.00. Following the transaction, the chief executive officer now directly owns 514,131 shares in the company, valued at approximately $87,397,128.69. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, insider Jeffrey P. Bezos sold 5,998,849 shares of the stock in a transaction that occurred 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 sale, the insider now directly owns 982,252,968 shares in the company, valued at approximately $167,140,165,034.88. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Douglas J. Herrington sold 20,200 shares of the business’s stock in a transaction that occurred on Wednesday, February 7th. The shares were sold at an average price of $169.99, for a total transaction of $3,433,798.00. Following the transaction, the chief executive officer now owns 514,131 shares of the company’s stock, valued at approximately $87,397,128.69. The disclosure for this sale can be found here. In the last 90 days, insiders sold 32,217,010 shares of company stock worth $5,506,442,301. Insiders own 10.80% of the company’s stock.

Hedge Funds Weigh In On Amazon.com

Hedge funds and other institutional investors have recently made changes to their positions in the company. Cooksen Wealth LLC acquired a new position in Amazon.com in the fourth quarter valued at about $30,000. PayPay Securities Corp lifted its holdings in shares of Amazon.com by 54.3% during the 3rd quarter. PayPay Securities Corp now owns 267 shares of the e-commerce giant’s stock valued at $34,000 after purchasing an additional 94 shares in the last quarter. E Fund Management Hong Kong Co. Ltd. grew its position in shares of Amazon.com by 45.0% in the 4th quarter. E Fund Management Hong Kong Co. Ltd. now owns 277 shares of the e-commerce giant’s stock valued at $42,000 after purchasing an additional 86 shares during the period. Strid Group LLC bought a new stake in Amazon.com during the 4th quarter worth approximately $43,000. Finally, Harbor Investment Advisory LLC raised its holdings in Amazon.com by 0.7% during the 4th quarter. Harbor Investment Advisory LLC now owns 299,959 shares of the e-commerce giant’s stock worth $46,000 after buying an additional 1,988 shares during the period. 72.20% of the stock is owned by institutional investors.

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.