Amazon.com (NASDAQ:AMZN) PT Raised to $205.00 at Raymond James

Amazon.com (NASDAQ:AMZN) had its price objective increased by Raymond James from $200.00 to $205.00 in a report issued on Wednesday, Benzinga reports. The firm currently has a strong-buy rating on the e-commerce giant’s stock.

Other analysts have also issued research reports about the stock. Piper Sandler raised their price target on shares of Amazon.com from $205.00 to $220.00 and gave the company an overweight rating in a research report on Wednesday. Stifel Nicolaus raised their target price on Amazon.com from $200.00 to $224.00 and gave the company a buy rating in a research report on Tuesday, April 16th. The Goldman Sachs Group upped their price target on Amazon.com from $200.00 to $220.00 and gave the stock a buy rating in a report on Friday, February 2nd. Wedbush raised their price objective on Amazon.com from $220.00 to $225.00 and gave the company an outperform rating in a report on Wednesday, April 24th. Finally, Robert W. Baird upped their target price on Amazon.com from $205.00 to $210.00 and gave the stock an outperform rating in a research note on Wednesday. One equities research 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. According to MarketBeat, the company has a consensus rating of Buy and an average target price of $211.07.

Amazon.com Stock Performance

Shares of AMZN stock opened at $186.21 on Wednesday. The business has a fifty day moving average of $178.79 and a 200 day moving average of $159.95. 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 firm has a market capitalization of $1.93 trillion, a price-to-earnings ratio of 52.16, a price-to-earnings-growth ratio of 1.55 and a beta of 1.15.

Amazon.com (NASDAQ:AMZN) last announced 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. Amazon.com had a net margin of 6.38% and a return on equity of 19.86%. The business had revenue of $143.31 billion during the quarter, compared to analysts’ expectations of $142.65 billion. During the same period in the previous year, the business posted $0.31 EPS. The business’s quarterly revenue was up 12.5% compared to the same quarter last year. As a group, research analysts expect that Amazon.com will post 4.12 earnings per share for the current year.

Insider Buying and Selling at Amazon.com

In other news, CEO Douglas J. Herrington sold 3,500 shares of the firm’s stock in a transaction dated Wednesday, May 1st. The stock was sold at an average price of $180.29, for a total value of $631,015.00. Following the completion of the transaction, the chief executive officer now owns 509,358 shares in the company, valued at approximately $91,832,153.82. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In related news, insider Jeffrey P. Bezos sold 2,009,208 shares of Amazon.com stock in a transaction dated 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 owns 938,251,817 shares in the company, valued at $156,491,020,557.43. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Douglas J. Herrington sold 3,500 shares of the firm’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 directly owns 509,358 shares of the company’s stock, valued at approximately $91,832,153.82. The disclosure for this sale can be found here. In the last quarter, insiders have sold 32,217,010 shares of company stock worth $5,506,442,301. Corporate insiders own 10.80% of the company’s stock.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the company. Cooksen Wealth LLC acquired a new stake in Amazon.com in the 4th quarter worth about $30,000. PayPay Securities Corp raised its position in shares of Amazon.com by 54.3% in the third quarter. PayPay Securities Corp now owns 267 shares of the e-commerce giant’s stock valued at $34,000 after buying an additional 94 shares in the last quarter. E Fund Management Hong Kong Co. Ltd. raised its position in shares of Amazon.com by 45.0% in the fourth quarter. E Fund Management Hong Kong Co. Ltd. now owns 277 shares of the e-commerce giant’s stock valued at $42,000 after buying an additional 86 shares in the last quarter. Strid Group LLC bought a new position in Amazon.com during the 4th quarter worth $43,000. Finally, Clarity Asset Management Inc. acquired a new position in Amazon.com in the 4th quarter valued at $46,000. 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.