Amazon.com (NASDAQ:AMZN) PT Raised to $245.00

Amazon.com (NASDAQ:AMZN) had its price objective boosted by Citigroup from $235.00 to $245.00 in a research report report published on Wednesday, Benzinga reports. Citigroup currently has a buy rating on the e-commerce giant’s stock.

Other analysts have also issued reports about the stock. Telsey Advisory Group lifted their target price on shares of Amazon.com from $200.00 to $215.00 and gave the company an outperform rating in a research report on Wednesday. Oppenheimer lifted their price objective on Amazon.com from $210.00 to $220.00 and gave the company an outperform rating in a report on Wednesday. Stifel Nicolaus upped their price objective on Amazon.com from $200.00 to $224.00 and gave the company a buy rating in a research note on Tuesday, April 16th. DA Davidson restated a buy rating and set a $235.00 target price on shares of Amazon.com in a research report on Thursday, April 18th. Finally, JMP Securities reiterated a market outperform rating and issued a $225.00 price target on shares of Amazon.com in a research report on Wednesday, April 24th. One research analyst has rated the stock with a hold rating, forty-four have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, Amazon.com presently has a consensus rating of Buy and a consensus target price of $211.07.

Amazon.com Trading Up 0.8 %

Amazon.com stock opened at $186.21 on Wednesday. Amazon.com has a 12 month low of $103.31 and a 12 month high of $189.77. The stock has a market cap of $1.94 trillion, a price-to-earnings ratio of 52.16, a price-to-earnings-growth ratio of 1.37 and a beta of 1.15. The business has a 50 day moving average price of $179.02 and a two-hundred day moving average price of $160.32. The company has a quick ratio of 0.84, a current ratio of 1.07 and a debt-to-equity ratio of 0.27.

Amazon.com (NASDAQ:AMZN) last issued its earnings results 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 19.86% and a net margin of 6.38%. The business had revenue of $143.31 billion during the quarter, compared to analyst estimates of $142.65 billion. During the same period in the prior year, the company posted $0.31 earnings per share. Amazon.com’s revenue was up 12.5% on a year-over-year basis. As a group, equities analysts forecast that Amazon.com will post 4.55 EPS for the current year.

Insider Transactions at Amazon.com

In related news, insider Jeffrey P. Bezos sold 5,998,849 shares of the company’s stock in a transaction on Wednesday, February 7th. The shares were sold at an average price of $170.16, for a total value of $1,020,764,145.84. Following the completion of the sale, the insider now owns 982,252,968 shares in the company, valued at approximately $167,140,165,034.88. The transaction was disclosed in a filing with the SEC, which is available through this link. In other news, insider Jeffrey P. Bezos sold 2,009,208 shares of the company’s stock in a transaction that occurred on Tuesday, February 20th. The shares were sold at an average price of $166.79, for a total value of $335,115,802.32. Following the completion of the transaction, the insider now owns 938,251,817 shares in the company, valued at $156,491,020,557.43. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Jeffrey P. Bezos sold 5,998,849 shares of the stock in a transaction on Wednesday, February 7th. The stock was sold at an average price of $170.16, for a total transaction of $1,020,764,145.84. Following the sale, the insider now directly owns 982,252,968 shares of the company’s stock, valued at approximately $167,140,165,034.88. The disclosure for this sale can be found here. Insiders have sold a total of 32,217,010 shares of company stock valued at $5,506,442,301 over the last three months. 10.80% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Amazon.com

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Cherrydale Wealth Management LLC grew its stake in shares of Amazon.com by 14.7% during the 4th quarter. Cherrydale Wealth Management LLC now owns 5,260 shares of the e-commerce giant’s stock worth $799,000 after acquiring an additional 675 shares in the last quarter. Tompkins Financial Corp grew its position in Amazon.com by 3.3% in the fourth quarter. Tompkins Financial Corp now owns 71,576 shares of the e-commerce giant’s stock valued at $10,875,000 after purchasing an additional 2,273 shares in the last quarter. Nicholas Company Inc. increased its stake in Amazon.com by 3.9% in the 3rd quarter. Nicholas Company Inc. now owns 705,065 shares of the e-commerce giant’s stock valued at $89,628,000 after buying an additional 26,465 shares during the last quarter. Nordea Investment Management AB lifted its position in Amazon.com by 5.4% during the 4th quarter. Nordea Investment Management AB now owns 5,397,520 shares of the e-commerce giant’s stock worth $825,065,000 after buying an additional 277,631 shares in the last quarter. Finally, Foresight Capital Management Advisors Inc. acquired a new position in shares of Amazon.com during the 4th quarter worth about $1,891,000. 72.20% of the stock is owned by institutional investors and hedge funds.

Amazon.com Company Profile

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.