Amazon.com (NASDAQ:AMZN) Price Target Raised to $220.00 at Morgan Stanley

Amazon.com (NASDAQ:AMZN) had its target price lifted by Morgan Stanley from $215.00 to $220.00 in a report issued on Wednesday morning, Benzinga reports. They currently have an overweight rating on the e-commerce giant’s stock.

Several other research firms have also issued reports on AMZN. DA Davidson restated a buy rating and issued a $235.00 price objective on shares of Amazon.com in a research note on Thursday, April 18th. TD Cowen lifted their price objective on shares of Amazon.com from $200.00 to $225.00 and gave the stock an outperform rating in a research report on Friday, February 2nd. Monness Crespi & Hardt increased their price objective on shares of Amazon.com from $215.00 to $225.00 and gave the company a buy rating in a research report on Wednesday. Maxim Group decreased their price target on shares of Amazon.com from $318.00 to $238.00 and set a buy rating on the stock in a research note on Wednesday. Finally, The Goldman Sachs Group raised their price objective on shares of Amazon.com from $220.00 to $225.00 and gave the stock a buy rating in a research report on Wednesday. One investment analyst has rated the stock with a hold rating, forty-four have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of Buy and a consensus target price of $211.07.

Amazon.com Stock Performance

AMZN opened at $186.21 on Wednesday. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.84 and a current ratio of 1.07. The business’s 50-day simple moving average is $179.02 and its 200 day simple moving average is $160.32. The firm has a market capitalization of $1.94 trillion, a PE ratio of 52.16, a PEG ratio of 1.37 and a beta of 1.15. Amazon.com has a 52-week low of $103.31 and a 52-week high of $189.77.

Amazon.com (NASDAQ:AMZN) last released its quarterly earnings data on Tuesday, April 30th. The e-commerce giant reported $0.98 EPS for the quarter, beating the consensus estimate of $0.83 by $0.15. The company had revenue of $143.31 billion during the quarter, compared to the consensus estimate of $142.65 billion. Amazon.com had a return on equity of 19.86% and a net margin of 6.38%. The firm’s revenue for the quarter was up 12.5% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.31 EPS. As a group, sell-side analysts expect that Amazon.com will post 4.55 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, CEO Douglas J. Herrington sold 3,500 shares of the business’s stock in a transaction 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 sale, the chief executive officer now owns 509,358 shares of the company’s stock, valued at $91,832,153.82. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In related news, CEO Douglas J. Herrington sold 3,500 shares of Amazon.com stock in a transaction that occurred on Wednesday, May 1st. The stock was sold at an average price of $180.29, for a total value of $631,015.00. Following the transaction, the chief executive officer now directly owns 509,358 shares of the company’s stock, valued at $91,832,153.82. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, insider Jeffrey P. Bezos sold 2,009,208 shares of the stock in a transaction that occurred on Tuesday, February 20th. The shares were sold at an average price of $166.79, for a total transaction of $335,115,802.32. Following the sale, the insider now directly owns 938,251,817 shares of the company’s stock, valued at approximately $156,491,020,557.43. The disclosure for this sale can be found here. Insiders have sold a total of 32,217,010 shares of company stock worth $5,506,442,301 in the last ninety days. Company insiders own 10.80% of the company’s stock.

Institutional Investors Weigh In On Amazon.com

Several large investors have recently added to or reduced their stakes in the business. Ridgecrest Wealth Partners LLC increased its stake in shares of Amazon.com by 0.7% in the 1st quarter. Ridgecrest Wealth Partners LLC now owns 7,755 shares of the e-commerce giant’s stock valued at $1,399,000 after acquiring an additional 56 shares in the last quarter. Stordahl Capital Management Inc. grew its holdings in Amazon.com by 2.1% in the first quarter. Stordahl Capital Management Inc. now owns 2,763 shares of the e-commerce giant’s stock worth $498,000 after purchasing an additional 56 shares during the period. Lutz Financial Services LLC increased its stake in Amazon.com by 1.9% in the first quarter. Lutz Financial Services LLC now owns 3,053 shares of the e-commerce giant’s stock valued at $551,000 after purchasing an additional 57 shares in the last quarter. Echo45 Advisors LLC boosted its position in shares of Amazon.com by 0.9% during the 1st quarter. Echo45 Advisors LLC now owns 6,619 shares of the e-commerce giant’s stock worth $1,194,000 after purchasing an additional 59 shares in the last quarter. Finally, Boyd Wealth Management LLC grew its stake in shares of Amazon.com by 1.7% in the 1st quarter. Boyd Wealth Management LLC now owns 3,655 shares of the e-commerce giant’s stock valued at $659,000 after buying an additional 60 shares during the period. 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.