Argus Increases Amazon.com (NASDAQ:AMZN) Price Target to $205.00

Amazon.com (NASDAQ:AMZN) had its target price upped by stock analysts at Argus from $185.00 to $205.00 in a research note issued to investors on Thursday, Benzinga reports. The firm currently has a “buy” rating on the e-commerce giant’s stock. Argus’ price target would suggest a potential upside of 12.45% from the company’s previous close.

A number of other research firms have also weighed in on AMZN. Canaccord Genuity Group boosted their price objective on shares of Amazon.com from $185.00 to $200.00 and gave the company a “buy” rating in a research report on Friday, February 2nd. Truist Financial increased their price target on Amazon.com from $216.00 to $220.00 and gave the stock a “buy” rating in a research note on Wednesday. Maxim Group decreased their price target on Amazon.com from $318.00 to $238.00 and set a “buy” rating on the stock in a research note on Wednesday. Sanford C. Bernstein upped their price objective on shares of Amazon.com from $175.00 to $200.00 and gave the company an “outperform” rating in a research note on Friday, February 2nd. Finally, Monness Crespi & Hardt increased their price objective on shares of Amazon.com from $215.00 to $225.00 and gave the stock a “buy” rating in a report on Wednesday. One analyst has rated the stock with a hold rating, forty-four have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Buy” and an average target price of $211.07.

Amazon.com Price Performance

AMZN stock traded up $3.31 on Thursday, reaching $182.31. The company had a trading volume of 19,072,974 shares, compared to its average volume of 43,880,906. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.84 and a current ratio of 1.05. The company’s fifty day moving average is $178.59 and its 200 day moving average is $159.78. The company has a market cap of $1.89 trillion, a P/E ratio of 50.92, a PEG ratio of 1.53 and a beta of 1.15. Amazon.com has a 1 year low of $103.28 and a 1 year high of $189.77.

Amazon.com (NASDAQ:AMZN) last posted its quarterly earnings data on Tuesday, April 30th. The e-commerce giant reported $0.98 EPS for the quarter, beating analysts’ consensus estimates of $0.83 by $0.15. Amazon.com had a return on equity of 20.73% and a net margin of 6.38%. The business had revenue of $143.31 billion for the quarter, compared to analyst estimates of $142.65 billion. During the same quarter last year, the company earned $0.31 earnings per share. The business’s revenue for the quarter was up 12.5% compared to the same quarter last year. On average, research analysts forecast that Amazon.com will post 4.08 earnings per share for the current year.

Insider Transactions at Amazon.com

In other Amazon.com news, CEO Adam Selipsky sold 500 shares of the business’s stock in a transaction dated Thursday, April 18th. The shares were sold at an average price of $181.38, for a total transaction of $90,690.00. Following the completion of the transaction, the chief executive officer now directly owns 130,600 shares of the company’s stock, valued at approximately $23,688,228. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In other Amazon.com news, CEO Douglas J. Herrington sold 20,200 shares of the firm’s stock in a transaction dated Wednesday, February 7th. The shares were sold at an average price of $169.99, for a total transaction of $3,433,798.00. Following the transaction, the chief executive officer now owns 514,131 shares of the company’s stock, valued at approximately $87,397,128.69. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, CEO Adam Selipsky sold 500 shares of the business’s stock in a transaction dated Thursday, April 18th. The stock was sold at an average price of $181.38, for a total transaction of $90,690.00. Following the sale, the chief executive officer now owns 130,600 shares in the company, valued at $23,688,228. The disclosure for this sale can be found here. Over the last quarter, insiders sold 32,213,510 shares of company stock worth $5,505,811,286. Insiders own 10.80% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in AMZN. Cooksen Wealth LLC bought a new stake in shares of Amazon.com in the 4th quarter worth $30,000. PayPay Securities Corp grew its holdings in Amazon.com by 54.3% during the third quarter. PayPay Securities Corp now owns 267 shares of the e-commerce giant’s stock worth $34,000 after acquiring an additional 94 shares during the period. E Fund Management Hong Kong Co. Ltd. grew 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 worth $42,000 after acquiring an additional 86 shares during the period. Strid Group LLC bought a new stake in Amazon.com in the fourth quarter worth about $43,000. Finally, Clarity Asset Management Inc. acquired a new stake in Amazon.com in the 4th quarter valued at about $46,000. Institutional investors and hedge funds own 72.20% of the company’s stock.

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.