Amazon.com (NASDAQ:AMZN) Price Target Increased to $245.00 by Analysts at TD Securities

Amazon.com (NASDAQ:AMZN) had its price objective lifted by TD Securities from $225.00 to $245.00 in a research report released on Wednesday morning, BayStreet.CA reports.

AMZN has been the subject of several other reports. Argus boosted their price objective on shares of Amazon.com from $185.00 to $205.00 and gave the company a buy rating in a research report on Thursday, May 2nd. JPMorgan Chase & Co. boosted their target price on shares of Amazon.com from $225.00 to $240.00 and gave the stock an overweight rating in a research note on Wednesday, May 1st. Benchmark reaffirmed a buy rating and set a $200.00 target price on shares of Amazon.com in a research note on Wednesday, May 1st. Piper Sandler boosted their target price on shares of Amazon.com from $205.00 to $220.00 and gave the stock an overweight rating in a research note on Wednesday, May 1st. Finally, JMP Securities reaffirmed a market outperform rating and set a $225.00 target price on shares of Amazon.com in a research note on Wednesday, May 1st. One investment analyst has rated the stock with a hold rating, forty-two have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, Amazon.com has a consensus rating of Buy and an average target price of $217.38.

View Our Latest Report on AMZN

Amazon.com Stock Up 0.2 %

Shares of AMZN opened at $199.79 on Wednesday. Amazon.com has a one year low of $118.35 and a one year high of $201.20. The company has a market cap of $2.08 trillion, a P/E ratio of 55.96, a P/E/G ratio of 1.43 and a beta of 1.15. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.07 and a quick ratio of 0.87. The firm has a 50 day simple moving average of $187.26 and a two-hundred day simple moving average of $175.75.

Amazon.com (NASDAQ:AMZNGet Free Report) 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 the consensus estimate of $142.65 billion. During the same period in the previous year, the business earned $0.31 earnings per share. The company’s revenue was up 12.5% on a year-over-year basis. Research analysts forecast that Amazon.com will post 4.72 EPS for the current fiscal year.

Insider Buying and Selling

In related news, insider Jeffrey P. Bezos sold 1,228,993 shares of the company’s stock in a transaction dated Monday, July 8th. The shares were sold at an average price of $200.36, for a total value of $246,241,037.48. Following the sale, the insider now owns 930,696,284 shares in the company, valued at approximately $186,474,307,462.24. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. In other Amazon.com news, insider Jeffrey P. Bezos sold 3,085,116 shares of the stock in a transaction dated Friday, July 5th. The shares were sold at an average price of $200.07, for a total value of $617,239,158.12. Following the completion of the sale, the insider now owns 931,925,277 shares in the company, valued at approximately $186,450,290,169.39. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, insider Jeffrey P. Bezos sold 1,228,993 shares of the stock in a transaction dated Monday, July 8th. The shares were sold at an average price of $200.36, for a total transaction of $246,241,037.48. Following the completion of the sale, the insider now owns 930,696,284 shares of the company’s stock, valued at approximately $186,474,307,462.24. The disclosure for this sale can be found here. Insiders have sold 5,847,094 shares of company stock worth $1,169,058,874 in the last quarter. Insiders own 10.80% of the company’s stock.

Institutional Investors Weigh In On Amazon.com

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Cooksen Wealth LLC bought a new position in shares of Amazon.com during the 4th quarter valued at approximately $30,000. E Fund Management Hong Kong Co. Ltd. grew its position 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 valued at $42,000 after acquiring an additional 86 shares during the period. Strid Group LLC bought a new position in shares of Amazon.com during the 4th quarter valued at approximately $43,000. Harbor Investment Advisory LLC grew its position 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 valued at $46,000 after acquiring an additional 1,988 shares during the period. Finally, Clarity Asset Management Inc. bought a new position in shares of Amazon.com during the 4th quarter valued at approximately $46,000. Hedge funds and other institutional investors own 72.20% of the company’s stock.

About Amazon.com

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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.

Further Reading

Analyst Recommendations for Amazon.com (NASDAQ:AMZN)

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