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

Amazon.com (NASDAQ:AMZN) had its price objective upped by equities researchers at Loop Capital from $215.00 to $225.00 in a research report issued on Monday, Benzinga reports. The firm presently has a “buy” rating on the e-commerce giant’s stock. Loop Capital’s price target would indicate a potential upside of 19.20% from the stock’s previous close.

A number of other brokerages have also recently issued reports on AMZN. Raymond James increased their target price on Amazon.com from $200.00 to $205.00 and gave the stock a “strong-buy” rating in a report on Wednesday, May 1st. DA Davidson reissued a “buy” rating and issued a $235.00 target price on shares of Amazon.com in a report on Thursday, April 18th. Barclays increased their target price on Amazon.com from $220.00 to $230.00 and gave the stock an “overweight” rating in a report on Wednesday, May 1st. Deutsche Bank Aktiengesellschaft increased their target price on Amazon.com from $175.00 to $200.00 and gave the stock a “buy” rating in a report on Friday, February 2nd. Finally, JPMorgan Chase & Co. raised their price target on Amazon.com from $225.00 to $240.00 and gave the company an “overweight” rating in a report on Wednesday, May 1st. One investment analyst has rated the stock with a hold rating, forty-four have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, Amazon.com has an average rating of “Buy” and a consensus target price of $211.62.

Amazon.com Price Performance

Shares of Amazon.com stock opened at $188.76 on Monday. Amazon.com has a twelve month low of $104.70 and a twelve month high of $189.94. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.87 and a current ratio of 1.07. The firm has a market cap of $1.96 trillion, a P/E ratio of 52.87, a price-to-earnings-growth ratio of 1.35 and a beta of 1.15. The firm’s 50-day simple moving average is $179.60 and its 200-day simple moving average is $161.63.

Amazon.com (NASDAQ:AMZN) last released its quarterly earnings data on Tuesday, April 30th. The e-commerce giant reported $0.98 earnings per share 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 company had revenue of $143.31 billion for the quarter, compared to analyst estimates of $142.65 billion. During the same period in the prior year, the company posted $0.31 EPS. The company’s revenue was up 12.5% compared to the same quarter last year. As a group, research analysts expect that Amazon.com will post 4.67 EPS for the current fiscal year.

Insider Activity at Amazon.com

In related news, CEO Douglas J. Herrington sold 3,500 shares of Amazon.com 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 sale, the chief executive officer now owns 509,358 shares of the company’s stock, valued at $91,832,153.82. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. In related news, VP Shelley Reynolds sold 3,100 shares of Amazon.com stock in a transaction dated Wednesday, February 21st. The stock was sold at an average price of $168.97, for a total value of $523,807.00. Following the sale, the vice president now owns 119,780 shares of the company’s stock, valued at $20,239,226.60. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Douglas J. Herrington sold 3,500 shares of Amazon.com 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 transaction, the chief executive officer now 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. Over the last quarter, insiders have sold 26,197,961 shares of company stock valued at $4,482,244,357. 10.80% of the stock is owned by insiders.

Hedge Funds Weigh In On Amazon.com

Institutional investors have recently bought and sold shares of the business. Cooksen Wealth LLC acquired a new position in Amazon.com during the fourth quarter worth approximately $30,000. PayPay Securities Corp grew 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 purchasing an additional 94 shares during the last quarter. E Fund Management Hong Kong Co. Ltd. grew 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 purchasing an additional 86 shares during the last quarter. Strid Group LLC acquired a new position in shares of Amazon.com in the fourth quarter valued at approximately $43,000. Finally, Harbor Investment Advisory LLC grew its position in shares of Amazon.com by 0.7% in the fourth quarter. Harbor Investment Advisory LLC now owns 299,959 shares of the e-commerce giant’s stock valued at $46,000 after purchasing an additional 1,988 shares during the last quarter. 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.