Amazon.com (NASDAQ:AMZN) The price target was raised by Wells Fargo & Company from $234.00 to $239.00 in a report published Friday morning, Benzinga reports. The brokerage house currently has an “overweight” rating on the e-commerce giant’s stock.
Several other research firms have also issued reports on AMZN. Morgan Stanley raised their price target on shares of Amazon.com from $215.00 to $220.00 and gave the stock an overweight rating in a research report on Wednesday, May 1st. Goldman Sachs Group raised their price target on Amazon.com from $220.00 to $225.00 and gave the stock a buy rating in a research note on Wednesday, May 1st. JMP Securities reiterated a market outperform rating and issued a $225.00 price target on shares of Amazon.com in a research note on Wednesday, May 1st. Rosenblatt Securities reiterated a buy rating and issued a $220.00 price target on shares of Amazon.com in a research report on Wednesday, May 1st. Finally, Truist Financial raised their price target on Amazon.com shares from $216.00 to $220.00 and gave the company a buy rating in a research note on Wednesday, May 1. One analyst has rated the stock with a hold, 43 have given a buy recommendation and one has given the company a strong buy recommendation. According to MarketBeat.com, Amazon.com currently has an average buy recommendation and a consensus price target of $215.86.
Check out our latest research report on AMZN
Amazon.com shares down 2.3%
AMZN shares opened at $193.25 on Friday. Amazon.com has a 52-week low of $118.35 and a 52-week high of $199.84. The company’s 50-day moving average is $183.87 and its 200-day moving average is $172.93. The company has a market cap of $2.01 trillion, a P/E ratio of 54.13, a price-to-earnings-growth ratio of 1.39 and a beta of 1.14. The company has a quick ratio of 0.87, a current ratio of 1.07 and a debt-to-equity ratio of 0.27.
Amazon.com (NASDAQ:AMZN – Free Report) last announced its quarterly earnings results on Tuesday, April 30. The e-commerce giant reported earnings per share of $0.98 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 posted revenue of $143.31 billion during the quarter, compared to analyst estimates of $142.65 billion. During the same period last year, the company posted earnings per share of $0.31. The company’s revenue grew 12.5% year-over-year. Analysts forecast Amazon.com to post earnings per share of $4.72 for the current year.
Insider activities at Amazon.com
In other Amazon.com news, CEO Douglas J. Herrington sold 3,500 shares of the company’s stock on Monday, June 3. The shares were sold at an average price of $177.29, for a total transaction of $620,515.00. Following the sale, the CEO now directly owns 523,253 shares of the company’s stock, valued at approximately $92,767,524.37. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In other news, CEO Douglas J. Herrington sold 3,500 shares of the company’s stock on Monday, June 3. The shares were sold at an average price of $177.29, for a total transaction of $620,515.00. Following the transaction, the CEO now directly owns 523,253 shares of the company’s stock, valued at approximately $92,767,524.37. The sale was disclosed in a legal filing with the SEC, which is available through the SEC’s website. Also, CEO Andrew R. Jassy sold 20,784 shares of the company’s stock in a transaction that occurred on Tuesday, May 21. The shares were sold at an average price of $181.44, for a total value of $3,771,048.96. Following the completion of the sale, the CEO now owns 2,025,358 shares of the company’s stock, valued at approximately $367,480,955.52. The disclosure regarding this sale can be found here. Insiders sold 65,338 shares of the company’s stock in the last 90 days, valued at $11,894,344. 10.80% of the company’s stock is owned by company insiders.
Institutional trading on Amazon.com
Several institutional investors and hedge funds have recently added to or reduced their holdings in AMZN. Cooksen Wealth LLC acquired a new stake in Amazon.com shares during the fourth quarter valued at $30,000. E Fund Management Hong Kong Co. Ltd. increased its holdings in Amazon.com by 45.0% during 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 during the same period. Strid Group LLC acquired a new stake in Amazon.com shares during the fourth quarter valued at about $43,000. Harbor Investment Advisory LLC increased its holdings in Amazon.com shares by 0.7% during the fourth quarter. Harbor Investment Advisory LLC now owns 299,959 shares of the e-commerce giant’s stock valued at $46,000 after buying an additional 1,988 shares during the same period. Finally, Clarity Asset Management Inc. acquired a new position in shares of Amazon.com during the fourth quarter valued at approximately $46,000. 72.20% of the shares are owned by institutional investors and hedge funds.
About Amazon.com
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Amazon.com, Inc. engages in the retailing of consumer products, advertising, and subscription services through online and brick-and-mortar stores in North America and internationally. The company operates in 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 information
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