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

Amazon.com (NASDAQ:AMZN) had its price target raised by Barclays from $220.00 to $230.00 in a report issued on Wednesday morning, Benzinga reports. The firm currently has an overweight rating on the e-commerce giant’s stock.

AMZN has been the subject of several other research reports. Oppenheimer lifted their target price on shares of Amazon.com from $210.00 to $220.00 and gave the stock an outperform rating in a report on Wednesday. Wolfe Research upped their target price on Amazon.com from $195.00 to $205.00 and gave the stock an outperform rating in a research note on Friday, February 2nd. Wells Fargo & Company increased their price objective on shares of Amazon.com from $211.00 to $217.00 and gave the company an overweight rating in a research note on Monday, April 1st. Needham & Company LLC reiterated a buy rating and issued a $205.00 price objective on shares of Amazon.com in a report on Wednesday. Finally, Canaccord Genuity Group raised their price objective on Amazon.com from $185.00 to $200.00 and gave the stock a buy rating in a research report on Friday, February 2nd. One research analyst has rated the stock with a hold rating, forty-four have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, Amazon.com presently has a consensus rating of Buy and an average target price of $211.07.

Amazon.com Stock Performance

AMZN 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 has a debt-to-equity ratio of 0.27, a current ratio of 1.07 and a quick ratio of 0.84. The business’s 50-day moving average price is $178.79 and its two-hundred day moving average price is $159.95. The company has a market capitalization of $1.93 trillion, a price-to-earnings ratio of 52.16, a P/E/G ratio of 1.55 and a beta of 1.15.

Amazon.com (NASDAQ:AMZN) last released its earnings results on Tuesday, April 30th. The e-commerce giant reported $0.98 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.83 by $0.15. Amazon.com had a return on equity of 19.86% and a net margin of 6.38%. The business had revenue of $143.31 billion for the quarter, compared to the consensus estimate of $142.65 billion. During the same quarter in the previous year, the business earned $0.31 earnings per share. Amazon.com’s quarterly revenue was up 12.5% on a year-over-year basis. Equities analysts expect that Amazon.com will post 4.12 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, CEO Adam Selipsky sold 500 shares of the stock in a transaction that occurred on Thursday, March 21st. The shares were sold at an average price of $180.00, for a total transaction of $90,000.00. Following the completion of the transaction, the chief executive officer now directly owns 132,600 shares of the company’s stock, valued at approximately $23,868,000. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, CEO Adam Selipsky sold 500 shares of the business’s stock in a transaction dated Thursday, March 21st. The stock was sold at an average price of $180.00, for a total value of $90,000.00. Following the sale, the chief executive officer now directly owns 132,600 shares in the company, valued at approximately $23,868,000. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Jeffrey P. Bezos sold 2,009,208 shares of the firm’s stock in a transaction that occurred on Tuesday, February 20th. The stock was sold at an average price of $166.79, for a total transaction of $335,115,802.32. Following the completion of the transaction, the insider now directly owns 938,251,817 shares of the company’s stock, valued at $156,491,020,557.43. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 32,217,010 shares of company stock valued at $5,506,442,301. Company insiders own 10.80% of the company’s stock.

Hedge Funds Weigh In On Amazon.com

Several hedge funds have recently bought and sold shares of the company. Cooksen Wealth LLC bought a new stake in shares of Amazon.com during the 4th quarter valued at about $30,000. PayPay Securities Corp raised its position in Amazon.com by 54.3% during the third 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. lifted its stake in Amazon.com by 45.0% during the fourth quarter. E Fund Management Hong Kong Co. Ltd. now owns 277 shares of the e-commerce giant’s stock worth $42,000 after purchasing an additional 86 shares during the last quarter. Strid Group LLC purchased a new position in shares of Amazon.com in the 4th quarter worth about $43,000. Finally, Clarity Asset Management Inc. bought a new position in shares of Amazon.com during the 4th quarter valued at about $46,000. 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.