Amazon.com (NASDAQ:AMZN) Price Target Raised to $305.00

by · The Cerbat Gem

Amazon.com (NASDAQ:AMZN) had its price target boosted by equities research analysts at Tigress Financial from $290.00 to $305.00 in a research note issued on Tuesday,Benzinga reports. The brokerage currently has a “buy” rating on the e-commerce giant’s stock. Tigress Financial’s price objective points to a potential upside of 63.45% from the company’s previous close.

Several other research analysts also recently issued reports on AMZN. JMP Securities set a $250.00 price objective on Amazon.com in a research report on Friday. StockNews.com downgraded Amazon.com from a “buy” rating to a “hold” rating in a research report on Monday. JPMorgan Chase & Co. lifted their price objective on Amazon.com from $220.00 to $225.00 and gave the stock an “overweight” rating in a research report on Friday. Piper Sandler restated an “overweight” rating and issued a $212.00 target price (down from $215.00) on shares of Amazon.com in a report on Friday. Finally, Rosenblatt Securities boosted their price objective on shares of Amazon.com from $287.00 to $288.00 and gave the company a “buy” rating in a research report on Friday. Four equities research analysts have rated the stock with a hold rating and forty-four have given a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $244.09.

Check Out Our Latest Stock Report on AMZN

Amazon.com Price Performance

AMZN traded up $0.26 during trading on Tuesday, reaching $186.61. 10,132,724 shares of the stock were exchanged, compared to its average volume of 46,038,258. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.06 and a quick ratio of 0.87. The company has a market capitalization of $1.98 trillion, a price-to-earnings ratio of 33.76, a P/E/G ratio of 1.50 and a beta of 1.30. Amazon.com has a 1 year low of $151.61 and a 1 year high of $242.52. The business’s 50 day moving average price is $189.92 and its two-hundred day moving average price is $208.04.

Amazon.com (NASDAQ:AMZN – Get Free Report) last issued its quarterly earnings data on Thursday, May 1st. The e-commerce giant reported $1.59 EPS for the quarter, beating analysts’ consensus estimates of $1.38 by $0.21. The firm had revenue of $155.67 billion for the quarter, compared to analysts’ expectations of $154.96 billion. Amazon.com had a net margin of 9.29% and a return on equity of 24.25%. The firm’s revenue was up 8.6% on a year-over-year basis. During the same period in the prior year, the company earned $0.98 EPS. As a group, equities research analysts anticipate that Amazon.com will post 6.31 earnings per share for the current year.

Insider Transactions at Amazon.com

In other Amazon.com news, VP Shelley Reynolds sold 8,833 shares of the stock in a transaction on Friday, February 21st. The shares were sold at an average price of $222.47, for a total transaction of $1,965,077.51. Following the transaction, the vice president now directly owns 119,780 shares in the company, valued at $26,647,456.60. This represents a 6.87 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Douglas J. Herrington sold 27,500 shares of the business’s stock in a transaction dated Wednesday, February 12th. The stock was sold at an average price of $230.27, for a total transaction of $6,332,425.00. Following the completion of the sale, the chief executive officer now directly owns 497,067 shares of the company’s stock, valued at $114,459,618.09. The trade was a 5.24 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 107,298 shares of company stock valued at $23,818,478. 9.70% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Amazon.com

Institutional investors and hedge funds have recently made changes to their positions in the company. Momentous Wealth Management Inc. acquired a new position in Amazon.com in the fourth quarter valued at approximately $749,000. Rench Wealth Management Inc. grew its stake in Amazon.com by 7.9% during the 3rd quarter. Rench Wealth Management Inc. now owns 50,403 shares of the e-commerce giant’s stock worth $9,392,000 after buying an additional 3,703 shares during the last quarter. Segall Bryant & Hamill LLC increased its position in Amazon.com by 14.3% in the fourth quarter. Segall Bryant & Hamill LLC now owns 317,114 shares of the e-commerce giant’s stock worth $69,572,000 after buying an additional 39,696 shares during the period. Arrowstreet Capital Limited Partnership lifted its stake in Amazon.com by 173.6% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 3,461,573 shares of the e-commerce giant’s stock valued at $759,434,000 after buying an additional 2,196,353 shares during the last quarter. Finally, Blankinship & Foster LLC boosted its holdings in shares of Amazon.com by 216.4% during the third quarter. Blankinship & Foster LLC now owns 6,930 shares of the e-commerce giant’s stock valued at $1,291,000 after acquiring an additional 4,740 shares during the period. 72.20% of the stock is owned by institutional investors and hedge funds.

About Amazon.com

(Get Free Report)

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.

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