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

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

AMZN has been the subject of a number of other reports. Canaccord Genuity Group boosted 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. Royal Bank of Canada boosted their price target on shares of Amazon.com from $180.00 to $215.00 and gave the stock an outperform rating in a report on Friday, February 2nd. Benchmark reissued a buy rating and issued a $200.00 price objective on shares of Amazon.com in a research report on Wednesday, April 24th. 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. Finally, Monness Crespi & Hardt increased their target price on Amazon.com from $170.00 to $215.00 and gave the company a buy rating in a report on Friday, February 2nd. One equities research analyst has rated the stock with a hold rating, forty-four have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of Buy and an average target price of $211.07.

Amazon.com Price Performance

Amazon.com stock opened at $186.21 on Wednesday. The company has a quick ratio of 0.84, a current ratio of 1.07 and a debt-to-equity ratio of 0.27. Amazon.com has a 52-week low of $103.31 and a 52-week high of $189.77. The firm has a market cap of $1.93 trillion, a PE ratio of 52.16, a price-to-earnings-growth ratio of 1.55 and a beta of 1.15. The company’s 50 day moving average is $178.79 and its two-hundred day moving average is $159.95.

Amazon.com (NASDAQ:AMZN) last announced its quarterly earnings data on Tuesday, April 30th. The e-commerce giant reported $0.98 earnings per share (EPS) for the quarter, beating the consensus estimate 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 analysts’ expectations of $142.65 billion. During the same period last year, the firm earned $0.31 earnings per share. The company’s revenue for the quarter was up 12.5% compared to the same quarter last year. On average, research analysts expect that Amazon.com will post 4.12 EPS for the current fiscal year.

Insider Transactions at Amazon.com

In related news, insider Jeffrey P. Bezos sold 5,998,849 shares of the firm’s stock in a transaction dated 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 completion of the sale, the insider now owns 982,252,968 shares in the company, valued at $167,140,165,034.88. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. In other news, VP Shelley Reynolds sold 3,100 shares of the company’s stock in a transaction on Wednesday, February 21st. The shares were sold at an average price of $168.97, for a total transaction of $523,807.00. Following the transaction, the vice president now directly owns 119,780 shares of the company’s stock, valued at approximately $20,239,226.60. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Jeffrey P. Bezos sold 5,998,849 shares of the firm’s stock in a transaction dated Wednesday, February 7th. The shares were sold at an average price of $170.16, for a total transaction of $1,020,764,145.84. Following the completion of the sale, the insider now owns 982,252,968 shares of the company’s stock, valued at approximately $167,140,165,034.88. 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 over the last ninety days. 10.80% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Amazon.com

Hedge funds and other institutional investors have recently modified their holdings of the stock. 1900 Wealth Management LLC increased its position in shares of Amazon.com by 7.9% in the third quarter. 1900 Wealth Management LLC now owns 26,006 shares of the e-commerce giant’s stock valued at $3,306,000 after buying an additional 1,899 shares in the last quarter. Park Place Capital Corp grew its stake in Amazon.com by 4.0% in the 3rd quarter. Park Place Capital Corp now owns 22,054 shares of the e-commerce giant’s stock valued at $2,804,000 after acquiring an additional 857 shares during the last quarter. Kozak & Associates Inc. increased its holdings in Amazon.com by 81.9% during the 3rd quarter. Kozak & Associates Inc. now owns 54,534 shares of the e-commerce giant’s stock valued at $6,978,000 after acquiring an additional 24,549 shares in the last quarter. Avior Wealth Management LLC raised its position in Amazon.com by 0.3% during the third quarter. Avior Wealth Management LLC now owns 71,767 shares of the e-commerce giant’s stock worth $9,123,000 after acquiring an additional 225 shares during the last quarter. Finally, Founders Financial Securities LLC lifted its holdings in shares of Amazon.com by 5.6% in the third quarter. Founders Financial Securities LLC now owns 40,762 shares of the e-commerce giant’s stock valued at $5,182,000 after purchasing an additional 2,147 shares in the last quarter. 72.20% of the stock is currently owned by institutional investors and hedge funds.

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.