Amazon.com (NASDAQ:AMZN) Price Target Raised to $150.00

Amazon.com (NASDAQ:AMZN) had its price objective increased by Telsey Advisory Group from $145.00 to $150.00 in a research note released on Friday, MarketBeat.com reports. They currently have an outperform rating on the e-commerce giant’s stock. Telsey Advisory Group also issued estimates for Amazon.com’s Q4 2022 earnings at $0.50 EPS.

Several other research analysts also recently commented on AMZN. Morgan Stanley lowered their price objective on shares of Amazon.com from $210.00 to $190.00 in a research report on Friday, April 29th. Barclays boosted their price objective on shares of Amazon.com from $195.00 to $200.00 and gave the company an overweight rating in a research report on Friday. TheStreet downgraded shares of Amazon.com from a b rating to a c+ rating in a research report on Thursday, April 28th. Robert W. Baird lowered their price objective on shares of Amazon.com from $200.00 to $187.50 in a research report on Friday, April 29th. Finally, Mizuho lowered their price target on shares of Amazon.com from $197.50 to $155.00 and set a buy rating for the company in a report on Thursday, July 21st. They noted that the move was a valuation call. Three analysts have rated the stock with a sell rating, one has given a hold rating and thirty have assigned a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of Moderate Buy and an average price target of $179.45.

Amazon.com Trading Up 10.4 %

Shares of AMZN stock opened at $134.95 on Friday. The company has a current ratio of 0.96, a quick ratio of 0.71 and a debt-to-equity ratio of 0.35. The stock has a market cap of $1.37 trillion, a P/E ratio of 65.15, a price-to-earnings-growth ratio of 4.38 and a beta of 1.25. The stock has a 50 day simple moving average of $114.13 and a 200 day simple moving average of $134.90. Amazon.com has a 1 year low of $101.26 and a 1 year high of $188.11.

Amazon.com (NASDAQ:AMZNGet Rating) last issued its quarterly earnings results on Thursday, July 28th. The e-commerce giant reported ($0.20) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.15 by ($0.35). Amazon.com had a net margin of 4.48% and a return on equity of 21.60%. The company had revenue of $121.23 billion during the quarter, compared to the consensus estimate of $119.16 billion. During the same quarter last year, the firm posted $0.76 earnings per share. The company’s quarterly revenue was up 7.2% on a year-over-year basis. On average, research analysts predict that Amazon.com will post 1.12 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, VP Shelley Reynolds sold 173 shares of the company’s stock in a transaction dated Monday, May 23rd. The shares were sold at an average price of $2,169.22, for a total value of $375,275.06. Following the sale, the vice president now owns 5,989 shares in the company, valued at approximately $12,991,458.58. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. In related news, CEO David H. Clark sold 2,270 shares of the company’s stock in a transaction dated Monday, May 23rd. The shares were sold at an average price of $2,169.22, for a total value of $4,924,129.40. Following the sale, the chief executive officer now owns 6,695 shares in the company, valued at approximately $14,522,927.90. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, VP Shelley Reynolds sold 173 shares of the stock in a transaction dated Monday, May 23rd. The shares were sold at an average price of $2,169.22, for a total transaction of $375,275.06. Following the completion of the sale, the vice president now owns 5,989 shares of the company’s stock, valued at approximately $12,991,458.58. The disclosure for this sale can be found here. Insiders have sold 4,803 shares of company stock worth $10,528,337 in the last quarter. Insiders own 12.70% of the company’s stock.

Institutional Investors Weigh In On Amazon.com

Several institutional investors and hedge funds have recently added to or reduced their stakes in AMZN. Vanguard Group Inc. increased its stake in shares of Amazon.com by 1.6% during the 1st quarter. Vanguard Group Inc. now owns 33,965,498 shares of the e-commerce giant’s stock worth $110,725,825,000 after purchasing an additional 543,744 shares during the last quarter. Sumitomo Mitsui Trust Holdings Inc. increased its stake in shares of Amazon.com by 1,923.1% during the 2nd quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 27,747,428 shares of the e-commerce giant’s stock worth $2,947,054,000 after purchasing an additional 26,375,927 shares during the last quarter. State Street Corp increased its stake in shares of Amazon.com by 4.3% during the 4th quarter. State Street Corp now owns 17,021,616 shares of the e-commerce giant’s stock worth $56,755,855,000 after purchasing an additional 698,970 shares during the last quarter. Allspring Global Investments Holdings LLC increased its stake in shares of Amazon.com by 1,539.8% during the 2nd quarter. Allspring Global Investments Holdings LLC now owns 9,633,606 shares of the e-commerce giant’s stock worth $1,023,183,000 after purchasing an additional 9,046,135 shares during the last quarter. Finally, Alecta Tjanstepension Omsesidigt increased its stake in shares of Amazon.com by 2,050.2% during the 2nd quarter. Alecta Tjanstepension Omsesidigt now owns 9,448,000 shares of the e-commerce giant’s stock worth $1,004,228,000 after purchasing an additional 9,008,600 shares during the last quarter. Hedge funds and other institutional investors own 72.51% of the company’s stock.

About Amazon.com

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Amazon.com, Inc engages in the retail sale of consumer products and subscriptions in North America and internationally. The company operates through three segments: North America, International, and Amazon Web Services (AWS). It sells merchandise and content purchased for resale from third-party sellers through physical and online stores.

Further Reading

Analyst Recommendations for Amazon.com (NASDAQ:AMZN)

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