Loop Capital Increases Amazon.com (NASDAQ:AMZN) Price Target to $225.00

Amazon.com (NASDAQ:AMZN) had its price target upped by Loop Capital from $215.00 to $225.00 in a research report sent to investors on Monday morning, Benzinga reports. The firm currently has a buy rating on the e-commerce giant’s stock.

A number of other equities analysts have also recently issued reports on AMZN. Maxim Group cut their target price on shares of Amazon.com from $318.00 to $238.00 and set a buy rating on the stock in a report on Wednesday, May 1st. Piper Sandler increased their target price on Amazon.com from $205.00 to $220.00 and gave the stock an overweight rating in a research report on Wednesday, May 1st. Argus boosted their price target on shares of Amazon.com from $185.00 to $205.00 and gave the company a buy rating in a report on Thursday, May 2nd. Benchmark reissued a buy rating and set a $200.00 target price on shares of Amazon.com in a research note on Wednesday, May 1st. Finally, Stifel Nicolaus boosted their price objective on Amazon.com from $224.00 to $228.00 and gave the stock a buy rating in a research report on Wednesday, May 1st. One analyst has rated the stock with a hold rating, forty-four have given a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of Buy and an average target price of $211.62.

Amazon.com Price Performance

Shares of AMZN stock opened at $189.50 on Monday. The firm has a fifty day moving average of $179.90 and a two-hundred day moving average of $161.81. The firm has a market cap of $1.97 trillion, a P/E ratio of 53.08, a P/E/G ratio of 1.35 and a beta of 1.15. Amazon.com has a 1-year low of $108.05 and a 1-year high of $191.70. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.07 and a quick ratio of 0.87.

Amazon.com (NASDAQ:AMZN) last posted its quarterly earnings results on Tuesday, April 30th. The e-commerce giant reported $0.98 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.83 by $0.15. The business had revenue of $143.31 billion for the quarter, compared to analyst estimates of $142.65 billion. Amazon.com had a return on equity of 19.86% and a net margin of 6.38%. The business’s revenue was up 12.5% compared to the same quarter last year. During the same period in the prior year, the company posted $0.31 EPS. As a group, research analysts anticipate that Amazon.com will post 4.67 earnings per share for the current fiscal year.

Insider Activity

In related news, CEO Adam Selipsky sold 500 shares of the business’s stock in a transaction dated Thursday, March 21st. The stock was sold at an average price of $180.00, for a total transaction of $90,000.00. Following the completion of the transaction, the chief executive officer now owns 132,600 shares of the company’s stock, valued at approximately $23,868,000. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In related news, CEO Adam Selipsky sold 500 shares of the business’s stock in a transaction on Thursday, March 21st. The shares were sold at an average price of $180.00, for a total transaction of $90,000.00. Following the transaction, the chief executive officer now owns 132,600 shares of the company’s stock, valued at $23,868,000. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Andrew R. Jassy sold 50,000 shares of the stock in a transaction on Friday, February 16th. The shares were sold at an average price of $168.65, for a total transaction of $8,432,500.00. Following the completion of the sale, the chief executive officer now directly owns 2,014,055 shares of the company’s stock, valued at $339,670,375.75. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 20,187,979 shares of company stock valued at $3,440,575,337. 10.80% of the stock is owned by insiders.

Institutional Trading of Amazon.com

Several institutional investors have recently modified their holdings of AMZN. Forum Financial Management LP raised its stake in shares of Amazon.com by 1.1% in the first quarter. Forum Financial Management LP now owns 98,937 shares of the e-commerce giant’s stock valued at $17,846,000 after purchasing an additional 1,088 shares in the last quarter. RFP Financial Group LLC raised its stake in shares of Amazon.com by 1.2% in the 1st quarter. RFP Financial Group LLC now owns 11,771 shares of the e-commerce giant’s stock valued at $2,123,000 after buying an additional 139 shares in the last quarter. Great Lakes Retirement Inc. raised its stake in shares of Amazon.com by 1.9% in the 1st quarter. Great Lakes Retirement Inc. now owns 105,695 shares of the e-commerce giant’s stock valued at $19,065,000 after buying an additional 1,949 shares in the last quarter. Delos Wealth Advisors LLC lifted its holdings in shares of Amazon.com by 6.1% during the 1st quarter. Delos Wealth Advisors LLC now owns 9,492 shares of the e-commerce giant’s stock worth $1,712,000 after acquiring an additional 547 shares during the period. Finally, Brighton Jones LLC boosted its position in shares of Amazon.com by 5.3% during the 1st quarter. Brighton Jones LLC now owns 3,973,243 shares of the e-commerce giant’s stock valued at $716,694,000 after acquiring an additional 199,555 shares in the last quarter. 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.