Citigroup Boosts Amazon.com (NASDAQ:AMZN) Price Target to $235.00

Amazon.com (NASDAQ:AMZN) had its target price hoisted by Citigroup from $215.00 to $235.00 in a research report report published on Wednesday, Benzinga reports. They currently have a buy rating on the e-commerce giant’s stock.

AMZN has been the topic of a number of other research reports. Robert W. Baird lifted their price target on Amazon.com from $185.00 to $205.00 and gave the stock an outperform rating in a research note on Friday, February 2nd. Telsey Advisory Group reissued an outperform rating and issued a $200.00 price target on shares of Amazon.com in a research note on Wednesday, March 27th. Wells Fargo & Company lifted their price target on Amazon.com from $211.00 to $217.00 and gave the stock an overweight rating in a research note on Monday, April 1st. Raymond James lifted their price target on Amazon.com from $185.00 to $200.00 and gave the stock a strong-buy rating in a research note on Friday, February 2nd. Finally, Oppenheimer raised their price objective on Amazon.com from $200.00 to $210.00 and gave the stock an outperform 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 assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of Buy and a consensus price target of $204.76.

Amazon.com Price Performance

NASDAQ:AMZN opened at $176.59 on Wednesday. The business’s 50-day moving average price is $177.71 and its 200 day moving average price is $158.12. The firm has a market cap of $1.83 trillion, a P/E ratio of 60.89, a PEG ratio of 1.54 and a beta of 1.16. Amazon.com has a 52-week low of $101.15 and a 52-week high of $189.77. The company has a quick ratio of 0.84, a current ratio of 1.05 and a debt-to-equity ratio of 0.29.

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

Insiders Place Their Bets

In other Amazon.com news, CEO Adam Selipsky sold 500 shares of Amazon.com stock in a transaction that occurred on Thursday, February 1st. The stock was sold at an average price of $155.72, for a total value of $77,860.00. Following the transaction, the chief executive officer now directly owns 116,560 shares of the company’s stock, valued at approximately $18,150,723.20. The sale was disclosed in a document filed with the SEC, which is accessible through this link. In other Amazon.com news, CEO Adam Selipsky sold 500 shares of Amazon.com stock in a transaction that occurred on Thursday, February 1st. The stock was sold at an average price of $155.72, for a total value of $77,860.00. Following the transaction, the chief executive officer now directly owns 116,560 shares of the company’s stock, valued at approximately $18,150,723.20. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, insider Jeffrey P. Bezos sold 2,009,208 shares of Amazon.com stock in a transaction that occurred on Tuesday, February 20th. The stock was sold at an average price of $166.79, for a total value of $335,115,802.32. Following the completion of the transaction, the insider now directly owns 938,251,817 shares in the company, valued at $156,491,020,557.43. The disclosure for this sale can be found here. Insiders have sold a total of 32,214,010 shares of company stock valued at $5,505,889,146 in the last three months. Company insiders own 10.80% of the company’s stock.

Institutional Trading of Amazon.com

A number of institutional investors and hedge funds have recently modified their holdings of AMZN. Norges Bank bought a new stake in shares of Amazon.com during the fourth quarter valued at approximately $17,700,551,000. Vanguard Group Inc. increased its position in shares of Amazon.com by 4.4% during the third quarter. Vanguard Group Inc. now owns 757,951,795 shares of the e-commerce giant’s stock valued at $96,350,832,000 after purchasing an additional 32,038,029 shares during the period. International Assets Investment Management LLC increased its position in shares of Amazon.com by 16,029.3% during the fourth 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 purchasing an additional 23,717,254 shares during the period. FMR LLC increased its position in shares of Amazon.com by 7.7% during the third quarter. FMR LLC now owns 302,101,441 shares of the e-commerce giant’s stock valued at $38,403,135,000 after purchasing an additional 21,649,871 shares during the period. Finally, Jennison Associates LLC increased its position in shares of Amazon.com by 28.4% during the third 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 during the period. 72.20% of the stock is currently 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.