Amazon.com (NASDAQ:AMZN) Given New $225.00 Price Target at Wedbush

Amazon.com (NASDAQ:AMZN) had its target price boosted by Wedbush from $220.00 to $225.00 in a research report report published on Wednesday morning, Benzinga reports. Wedbush currently has an outperform rating on the e-commerce giant’s stock.

AMZN has been the topic of several other research reports. Sanford C. Bernstein upped their price objective on Amazon.com from $175.00 to $200.00 and gave the company an outperform rating in a research note on Friday, February 2nd. JMP Securities upped their price objective on Amazon.com from $175.00 to $225.00 and gave the company an outperform rating in a research note on Friday, February 2nd. Bank of America upped their price objective on Amazon.com from $185.00 to $204.00 and gave the company a buy rating in a research note on Friday, February 2nd. Barclays upped their price objective on Amazon.com from $190.00 to $220.00 and gave the company an overweight rating in a research note on Friday, February 2nd. Finally, Needham & Company LLC restated a buy rating and set a $205.00 target price on shares of Amazon.com in a research report on Thursday, April 18th. One investment 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’s stock. Based on data from MarketBeat, the company presently has an average rating of Buy and an average target price of $204.76.

Amazon.com Price Performance

Amazon.com stock opened at $176.59 on Wednesday. Amazon.com has a 52 week low of $101.15 and a 52 week high of $189.77. The company’s 50 day moving average price is $177.71 and its two-hundred day moving average price is $158.12. The company has a quick ratio of 0.84, a current ratio of 1.05 and a debt-to-equity ratio of 0.29. The stock has a market cap of $1.83 trillion, a P/E ratio of 60.89, a P/E/G ratio of 1.54 and a beta of 1.16.

Amazon.com (NASDAQ:AMZN) last posted its quarterly earnings results on Thursday, February 1st. The e-commerce giant reported $1.00 EPS for the quarter, topping analysts’ consensus estimates of $0.81 by $0.19. Amazon.com had a net margin of 5.29% and a return on equity of 16.61%. The company had revenue of $169.96 billion for the quarter, compared to analysts’ expectations of $165.96 billion. During the same quarter in the previous year, the firm posted $0.21 EPS. Amazon.com’s revenue was up 13.9% on a year-over-year basis. On average, equities analysts predict that Amazon.com will post 4.1 earnings per share for the current year.

Insiders Place Their Bets

In other Amazon.com news, CEO Adam Selipsky sold 500 shares of the firm’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 transaction of $77,860.00. Following the completion of the transaction, the chief executive officer now owns 116,560 shares of the company’s stock, valued at $18,150,723.20. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other Amazon.com news, CEO Adam Selipsky sold 500 shares of the firm’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 transaction of $77,860.00. Following the completion of the transaction, the chief executive officer now owns 116,560 shares of the company’s stock, valued at $18,150,723.20. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 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 shares were sold at an average price of $166.79, for a total transaction of $335,115,802.32. Following the transaction, 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 sold 32,214,010 shares of company stock worth $5,505,889,146 over the last three months. Company insiders own 10.80% of the company’s stock.

Institutional Investors Weigh In On Amazon.com

Several institutional investors and hedge funds have recently made changes to their positions in the company. Cooksen Wealth LLC bought a new stake in Amazon.com in the 4th quarter worth approximately $30,000. PayPay Securities Corp grew its position in Amazon.com by 54.3% in the 3rd quarter. PayPay Securities Corp now owns 267 shares of the e-commerce giant’s stock worth $34,000 after purchasing an additional 94 shares during the period. E Fund Management Hong Kong Co. Ltd. boosted its stake in shares of Amazon.com by 45.0% during the 4th quarter. E Fund Management Hong Kong Co. Ltd. now owns 277 shares of the e-commerce giant’s stock worth $42,000 after acquiring an additional 86 shares during the last quarter. Strid Group LLC purchased a new position in shares of Amazon.com during the 4th quarter worth $43,000. Finally, Harbor Investment Advisory LLC boosted its stake in shares of 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 acquiring an additional 1,988 shares during 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.