Mizuho Boosts Amazon.com (NASDAQ:AMZN) Price Target to $240.00

Amazon.com (NASDAQ:AMZN) had its target price raised by Mizuho from $230.00 to $240.00 in a report issued on Wednesday morning, Benzinga reports. Mizuho currently has a buy rating on the e-commerce giant’s stock.

AMZN has been the topic of several other research reports. The Goldman Sachs Group increased their price objective on shares of Amazon.com from $200.00 to $220.00 and gave the stock a buy rating in a research note on Friday, February 2nd. UBS Group boosted their price objective on shares of Amazon.com from $198.00 to $215.00 and gave the company a buy rating in a research report on Thursday, April 25th. Canaccord Genuity Group upped their price objective on Amazon.com from $185.00 to $200.00 and gave the stock a buy rating in a research note on Friday, February 2nd. Citigroup lifted their target price on Amazon.com from $215.00 to $235.00 and gave the company a buy rating in a research report on Wednesday, April 24th. Finally, Stifel Nicolaus upped their price target on Amazon.com from $200.00 to $224.00 and gave the stock a buy rating in a research report on Tuesday, April 16th. One research analyst has rated the stock with a hold rating, forty-four have issued a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of Buy and a consensus price target of $211.07.

Amazon.com Stock Up 0.8 %

Shares of Amazon.com stock opened at $186.21 on Wednesday. Amazon.com has a twelve month low of $103.31 and a twelve month high of $189.77. The company has a quick ratio of 0.84, a current ratio of 1.07 and a debt-to-equity ratio of 0.27. The company’s 50 day moving average is $178.79 and its 200 day moving average is $159.95. The company has a market cap of $1.93 trillion, a price-to-earnings ratio of 52.16, a price-to-earnings-growth ratio of 1.55 and a beta of 1.15.

Amazon.com (NASDAQ:AMZN) last released its quarterly earnings results on Tuesday, April 30th. The e-commerce giant reported $0.98 earnings per share for the quarter, beating the consensus estimate of $0.83 by $0.15. The firm had revenue of $143.31 billion for the quarter, compared to analysts’ expectations of $142.65 billion. Amazon.com had a return on equity of 19.86% and a net margin of 6.38%. The company’s revenue was up 12.5% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.31 EPS. Research analysts anticipate that Amazon.com will post 4.12 EPS for the current year.

Insider Buying and Selling

In related news, CEO Douglas J. Herrington sold 3,500 shares of the business’s stock in a transaction on Wednesday, May 1st. The shares were sold at an average price of $180.29, for a total value of $631,015.00. Following the completion of the sale, the chief executive officer now owns 509,358 shares of the company’s stock, valued at approximately $91,832,153.82. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. In related news, VP Shelley Reynolds sold 3,100 shares of the company’s stock in a transaction dated Wednesday, February 21st. The shares were sold at an average price of $168.97, for a total transaction of $523,807.00. Following the completion of the sale, the vice president now owns 119,780 shares of the company’s stock, valued at approximately $20,239,226.60. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CEO Douglas J. Herrington sold 3,500 shares of the business’s stock in a transaction on Wednesday, May 1st. The stock was sold at an average price of $180.29, for a total value of $631,015.00. Following the transaction, the chief executive officer now directly owns 509,358 shares in the company, valued at approximately $91,832,153.82. The disclosure for this sale can be found here. In the last 90 days, insiders sold 32,217,010 shares of company stock valued at $5,506,442,301. 10.80% of the stock is owned by company insiders.

Institutional Trading of Amazon.com

Several hedge funds have recently made changes to their positions in AMZN. Ridgecrest Wealth Partners LLC lifted its stake in Amazon.com by 0.7% in the 1st quarter. Ridgecrest Wealth Partners LLC now owns 7,755 shares of the e-commerce giant’s stock valued at $1,399,000 after buying an additional 56 shares in the last quarter. Stordahl Capital Management Inc. raised its holdings in shares of Amazon.com by 2.1% in the first quarter. Stordahl Capital Management Inc. now owns 2,763 shares of the e-commerce giant’s stock worth $498,000 after acquiring an additional 56 shares during the last quarter. Lutz Financial Services LLC lifted its position in shares of Amazon.com by 1.9% in the first quarter. Lutz Financial Services LLC now owns 3,053 shares of the e-commerce giant’s stock valued at $551,000 after acquiring an additional 57 shares in the last quarter. Echo45 Advisors LLC boosted its stake in shares of Amazon.com by 0.9% during the first quarter. Echo45 Advisors LLC now owns 6,619 shares of the e-commerce giant’s stock valued at $1,194,000 after acquiring an additional 59 shares during the last quarter. Finally, ShoreHaven Wealth Partners LLC increased its position in Amazon.com by 1.9% during the 4th quarter. ShoreHaven Wealth Partners LLC now owns 3,234 shares of the e-commerce giant’s stock worth $491,000 after purchasing an additional 60 shares in the last quarter. Hedge funds and other institutional investors 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.