Cowen Raises Amazon.com (NASDAQ:AMZN) Price Target to $215.00

Amazon.com (NASDAQ:AMZN) had its target price upped by Cowen from $210.00 to $215.00 in a report released on Friday, Stock Target Advisor reports. The firm currently has an outperform rating on the e-commerce giant’s stock.

AMZN has been the subject of several other research reports. DA Davidson dropped their price objective on shares of Amazon.com from $195.00 to $156.25 in a report on Friday, April 29th. Canaccord Genuity Group reissued a maintains rating on shares of Amazon.com in a report on Friday. Loop Capital dropped their price objective on shares of Amazon.com from $187.50 to $141.25 and set a buy rating for the company in a report on Friday, May 27th. Mizuho dropped their price objective 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. Finally, Piper Sandler increased their price objective on shares of Amazon.com from $170.00 to $175.00 and gave the company an overweight rating in a report on Friday. Three equities research analysts have rated the stock with a sell rating, one has issued a hold rating and thirty have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Amazon.com currently has a consensus 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. Amazon.com has a 52-week low of $101.26 and a 52-week high of $188.11. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.71 and a current ratio of 0.96. The firm has a market capitalization of $1.37 trillion, a PE ratio of 65.15, a PEG ratio of 4.38 and a beta of 1.25. The stock has a fifty day simple moving average of $114.13 and a two-hundred day simple moving average of $134.90.

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 analysts’ consensus estimates of $0.15 by ($0.35). Amazon.com had a return on equity of 21.60% and a net margin of 4.48%. The business had revenue of $121.23 billion during the quarter, compared to analysts’ expectations of $119.16 billion. During the same quarter in the previous year, the company posted $0.76 EPS. The company’s quarterly revenue was up 7.2% on a year-over-year basis. On average, analysts predict that Amazon.com will post 1.12 EPS for the current fiscal year.

Insider Activity at Amazon.com

In related news, CEO David H. Clark sold 2,270 shares of Amazon.com stock in a transaction that occurred on Monday, May 23rd. The shares were sold at an average price of $2,169.22, for a total transaction of $4,924,129.40. Following the transaction, the chief executive officer now directly owns 6,695 shares of the company’s stock, valued at $14,522,927.90. The sale was disclosed in a filing with the SEC, which is accessible through this link. In other Amazon.com news, CEO Andrew R. Jassy sold 1,181 shares of Amazon.com stock in a transaction on Monday, May 16th. The shares were sold at an average price of $2,262.00, for a total value of $2,671,422.00. Following the transaction, the chief executive officer now directly owns 92,781 shares of the company’s stock, valued at $209,870,622. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO David H. Clark sold 2,270 shares of Amazon.com stock in a transaction on Monday, May 23rd. The stock was sold at an average price of $2,169.22, for a total transaction of $4,924,129.40. Following the completion of the transaction, the chief executive officer now directly owns 6,695 shares in the company, valued at $14,522,927.90. The disclosure for this sale can be found here. Insiders have sold a total of 4,803 shares of company stock valued at $10,528,337 over the last ninety days. 12.70% of the stock is owned by company insiders.

Hedge Funds Weigh In On Amazon.com

Several institutional investors and hedge funds have recently bought and sold shares of the company. Vanguard Group Inc. grew its holdings in Amazon.com by 1.6% in the first 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. lifted its stake in shares of Amazon.com by 1,923.1% during the second 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 buying an additional 26,375,927 shares during the period. State Street Corp lifted its stake in shares of Amazon.com by 4.3% during the fourth quarter. State Street Corp now owns 17,021,616 shares of the e-commerce giant’s stock worth $56,755,855,000 after buying an additional 698,970 shares during the period. Allspring Global Investments Holdings LLC lifted its stake in shares of Amazon.com by 1,539.8% during the second 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 buying an additional 9,046,135 shares during the period. Finally, Alecta Tjanstepension Omsesidigt lifted its stake in shares of Amazon.com by 2,050.2% during the second quarter. Alecta Tjanstepension Omsesidigt now owns 9,448,000 shares of the e-commerce giant’s stock worth $1,004,228,000 after buying an additional 9,008,600 shares during the period. 72.51% of the stock is owned by hedge funds and other institutional investors.

Amazon.com Company Profile

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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.

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