Amazon.com (NASDAQ:AMZN) had its price target hoisted by Truist Financial from $180.00 to $195.00 in a report published on Friday morning, Benzinga reports. The firm currently has a buy rating on the e-commerce giant’s stock.
A number of other brokerages have also commented on AMZN. Sanford C. Bernstein boosted their price objective on shares of Amazon.com from $175.00 to $200.00 and gave the stock an outperform rating in a research report on Friday. Evercore ISI boosted their price objective on shares of Amazon.com from $195.00 to $220.00 and gave the stock an outperform rating in a research report on Friday. TheStreet raised shares of Amazon.com from a c+ rating to a b- rating in a research report on Friday, October 27th. JMP Securities boosted their price objective on shares of Amazon.com from $175.00 to $225.00 and gave the stock an outperform rating in a research report on Friday. Finally, Deutsche Bank Aktiengesellschaft boosted their price objective on shares of Amazon.com from $175.00 to $200.00 and gave the stock a buy rating in a research report on Friday. One equities research analyst has rated the stock with a hold rating, forty-five have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the stock currently has an average rating of Buy and a consensus target price of $196.89.
Check Out Our Latest Stock Analysis on Amazon.com
Amazon.com Stock Up 7.9 %
Amazon.com stock opened at $171.81 on Friday. The stock has a market capitalization of $1.78 trillion, a PE ratio of 89.02, a price-to-earnings-growth ratio of 1.49 and a beta of 1.14. Amazon.com has a twelve month low of $88.12 and a twelve month high of $172.50. The company has a quick ratio of 0.74, a current ratio of 0.98 and a debt-to-equity ratio of 0.33. The company has a 50 day moving average of $152.01 and a 200-day moving average of $140.74.
Amazon.com (NASDAQ:AMZN – Get Free Report) last released its quarterly earnings results on Thursday, February 1st. The e-commerce giant reported $1.00 earnings per share for the quarter, beating the consensus estimate of $0.81 by $0.19. The company had revenue of $169.96 billion during the quarter, compared to analysts’ expectations of $165.96 billion. Amazon.com had a net margin of 3.62% and a return on equity of 12.75%. The business’s quarterly revenue was up 13.9% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.21 earnings per share. On average, equities research analysts anticipate that Amazon.com will post 2.64 EPS for the current fiscal year.
Insider Buying and Selling at Amazon.com
In other Amazon.com news, CEO Adam Selipsky sold 500 shares of the firm’s stock in a transaction dated Thursday, December 21st. The shares were sold at an average price of $153.20, for a total value of $76,600.00. Following the transaction, the chief executive officer now directly owns 119,560 shares of the company’s stock, valued at approximately $18,316,592. The transaction was disclosed in a legal filing with the SEC, which is available through this link. In other Amazon.com news, CEO Adam Selipsky sold 500 shares of the firm’s stock in a transaction dated Thursday, December 21st. The shares were sold at an average price of $153.20, for a total value of $76,600.00. Following the transaction, the chief executive officer now directly owns 119,560 shares of the company’s stock, valued at approximately $18,316,592. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Andrew R. Jassy sold 21,933 shares of the firm’s stock in a transaction dated Tuesday, November 21st. The shares were sold at an average price of $142.66, for a total transaction of $3,128,961.78. Following the completion of the transaction, the chief executive officer now directly owns 2,064,055 shares in the company, valued at $294,458,086.30. The disclosure for this sale can be found here. Insiders have sold a total of 61,329 shares of company stock valued at $8,807,853 in the last ninety days. 12.30% of the stock is currently owned by company insiders.
Institutional Investors Weigh In On Amazon.com
Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Meridian Investment Counsel Inc. grew its holdings in shares of Amazon.com by 3.4% during the 1st quarter. Meridian Investment Counsel Inc. now owns 151 shares of the e-commerce giant’s stock valued at $492,000 after purchasing an additional 5 shares during the last quarter. Alterna Wealth Management Inc. grew its holdings in shares of Amazon.com by 1.8% during the 1st quarter. Alterna Wealth Management Inc. now owns 289 shares of the e-commerce giant’s stock valued at $942,000 after purchasing an additional 5 shares during the last quarter. Fiduciary Planning LLC grew its holdings in shares of Amazon.com by 1.5% during the 1st quarter. Fiduciary Planning LLC now owns 349 shares of the e-commerce giant’s stock valued at $1,138,000 after purchasing an additional 5 shares during the last quarter. HBC Financial Services PLLC grew its holdings in shares of Amazon.com by 0.8% during the 1st quarter. HBC Financial Services PLLC now owns 616 shares of the e-commerce giant’s stock valued at $1,717,000 after purchasing an additional 5 shares during the last quarter. Finally, Archetype Wealth Partners grew its holdings in shares of Amazon.com by 3.7% during the 1st quarter. Archetype Wealth Partners now owns 169 shares of the e-commerce giant’s stock valued at $552,000 after purchasing an additional 6 shares during the last quarter. 57.96% of the stock is owned by institutional investors.
Amazon.com Company Profile
Amazon.com, Inc engages in the retail sale of consumer products and subscriptions through online and physical stores in North America and internationally. It operates through three segments: North America, International, and Amazon Web Services (AWS). The company’s products offered through its stores include merchandise and content purchased for resale; and products offered by third-party sellers.
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