Amazon.com (NASDAQ:AMZN) Price Target Raised to $215.00

Amazon.com (NASDAQ:AMZN) had its price objective raised by Benchmark from $200.00 to $215.00 in a research note published on Friday morning, Benzinga reports. The firm currently has a buy rating on the e-commerce giant’s stock.

Other analysts have also recently issued research reports about the company. TD Cowen boosted their target price on Amazon.com from $230.00 to $240.00 and gave the stock a “buy” rating in a report on Friday. Roth Mkm boosted their price objective on shares of Amazon.com from $210.00 to $215.00 and gave the stock a “buy” rating in a research note on Friday, August 2nd. Truist Financial raised their target price on shares of Amazon.com from $265.00 to $270.00 and gave the company a “buy” rating in a research note on Friday. Needham & Company LLC reaffirmed a “buy” rating and set a $210.00 price target on shares of Amazon.com in a research report on Friday. Finally, Evercore ISI raised their price objective on Amazon.com from $240.00 to $260.00 and gave the company an “outperform” rating in a research report on Friday. Two equities research analysts have rated the stock with a hold rating, forty have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $246.02.

Amazon.com Stock Performance

Shares of AMZN stock opened at $197.93 on Friday. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.88 and a current ratio of 1.10. The firm has a market capitalization of $2.08 trillion, a price-to-earnings ratio of 42.38, a price-to-earnings-growth ratio of 1.42 and a beta of 1.14. Amazon.com has a one year low of $136.47 and a one year high of $201.20. The company has a 50 day moving average price of $184.82 and a 200 day moving average price of $183.77.

Amazon.com (NASDAQ:AMZN) last issued its earnings results on Thursday, October 31st. The e-commerce giant reported $1.43 earnings per share for the quarter, topping the consensus estimate of $1.14 by $0.29. Amazon.com had a return on equity of 23.46% and a net margin of 8.04%. The business had revenue of $158.88 billion for the quarter, compared to analyst estimates of $157.28 billion. During the same period last year, the company posted $0.85 EPS. The business’s quarterly revenue was up 11.0% on a year-over-year basis. Sell-side analysts anticipate that Amazon.com will post 4.84 EPS for the current year.

Insiders Place Their Bets

In other news, CFO Brian T. Olsavsky sold 14,600 shares of the company’s stock in a transaction that occurred on Wednesday, August 21st. The stock was sold at an average price of $180.00, for a total transaction of $2,628,000.00. Following the completion of the transaction, the chief financial officer now directly owns 49,000 shares of the company’s stock, valued at approximately $8,820,000. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, CFO Brian T. Olsavsky sold 14,600 shares of the company’s stock in a transaction on Wednesday, August 21st. The stock was sold at an average price of $180.00, for a total transaction of $2,628,000.00. Following the completion of the transaction, the chief financial officer now directly owns 49,000 shares in the company, valued at $8,820,000. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, SVP David Zapolsky sold 2,190 shares of the stock in a transaction on Tuesday, September 24th. The stock was sold at an average price of $195.00, for a total value of $427,050.00. Following the completion of the sale, the senior vice president now directly owns 62,420 shares in the company, valued at $12,171,900. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 50,855 shares of company stock valued at $9,215,048 over the last quarter. Insiders own 10.80% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the company. Costello Asset Management INC increased its stake in shares of Amazon.com by 8.8% in the third quarter. Costello Asset Management INC now owns 38,080 shares of the e-commerce giant’s stock valued at $7,095,000 after purchasing an additional 3,080 shares during the period. Avid Wealth Partners LLC grew its holdings in Amazon.com by 3.9% in the 3rd quarter. Avid Wealth Partners LLC now owns 2,207 shares of the e-commerce giant’s stock worth $411,000 after buying an additional 83 shares in the last quarter. Ted Buchan & Co increased its position in Amazon.com by 4.0% in the 3rd quarter. Ted Buchan & Co now owns 15,298 shares of the e-commerce giant’s stock valued at $2,851,000 after acquiring an additional 593 shares during the period. Covestor Ltd raised its stake in Amazon.com by 1.8% during the 3rd quarter. Covestor Ltd now owns 5,339 shares of the e-commerce giant’s stock valued at $994,000 after acquiring an additional 95 shares in the last quarter. Finally, 17 Capital Partners LLC boosted its position in Amazon.com by 1.5% during the 3rd quarter. 17 Capital Partners LLC now owns 10,502 shares of the e-commerce giant’s stock worth $1,957,000 after acquiring an additional 160 shares during the period. 72.20% of the stock is owned by institutional investors and hedge funds.

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.