Amazon.com (NASDAQ:AMZN) PT Raised to $235.00 at DA Davidson

Amazon.com (NASDAQ:AMZN) had its target price raised by analysts at DA Davidson from $200.00 to $235.00 in a research report issued on Wednesday, Benzinga reports. The firm presently has a “buy” rating on the e-commerce giant’s stock. DA Davidson’s target price suggests a potential upside of 24.31% from the company’s current price.

Several other equities research analysts have also commented on the stock. Raymond James boosted their price target on shares of Amazon.com from $185.00 to $200.00 and gave the company a “strong-buy” rating in a report on Friday, February 2nd. TD Cowen boosted their price objective on shares of Amazon.com from $200.00 to $225.00 and gave the stock an “outperform” rating in a research note on Friday, February 2nd. Mizuho boosted their price objective on shares of Amazon.com from $220.00 to $230.00 and gave the stock a “buy” rating in a research note on Friday, February 2nd. Canaccord Genuity Group upped their price target on shares of Amazon.com from $185.00 to $200.00 and gave the company a “buy” rating in a research note on Friday, February 2nd. Finally, Evercore ISI upped their price objective on shares of Amazon.com from $195.00 to $220.00 and gave the company an “outperform” rating in a report on Friday, February 2nd. One investment analyst has rated the stock with a hold rating, forty-three have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, Amazon.com presently has an average rating of “Buy” and an average price target of $201.43.

Amazon.com Price Performance

AMZN stock opened at $189.05 on Wednesday. Amazon.com has a 12 month low of $97.71 and a 12 month high of $189.77. The company has a current ratio of 1.05, a quick ratio of 0.84 and a debt-to-equity ratio of 0.29. The company has a 50-day moving average price of $176.04 and a 200 day moving average price of $154.59. The stock has a market cap of $1.96 trillion, a PE ratio of 65.19, a P/E/G ratio of 1.61 and a beta of 1.16.

Amazon.com (NASDAQ:AMZN) last released its quarterly earnings data on Thursday, February 1st. The e-commerce giant reported $1.00 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.81 by $0.19. The company had revenue of $169.96 billion during the quarter, compared to analysts’ expectations of $165.96 billion. Amazon.com had a net margin of 5.29% and a return on equity of 16.61%. The firm’s quarterly revenue was up 13.9% on a year-over-year basis. During the same period in the previous year, the company earned $0.21 EPS. Equities research analysts anticipate that Amazon.com will post 4.08 earnings per share for the current year.

Insider Buying and Selling

In related news, insider Jeffrey P. Bezos sold 5,998,849 shares of the business’s stock in a transaction dated 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 sale, the insider now directly owns 982,252,968 shares in the company, valued at approximately $167,140,165,034.88. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. In related news, CEO Adam Selipsky sold 500 shares of the business’s stock in a transaction dated Thursday, January 18th. The shares were sold at an average price of $152.78, for a total value of $76,390.00. Following the completion of the transaction, the chief executive officer now owns 117,560 shares of the company’s stock, valued at approximately $17,960,816.80. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Jeffrey P. Bezos sold 5,998,849 shares of the business’s stock in a transaction dated Wednesday, February 7th. The shares were sold at an average price of $170.16, for a total transaction of $1,020,764,145.84. Following the completion of the transaction, 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 32,214,010 shares of company stock worth $5,505,874,846 in the last three months. Corporate insiders own 12.70% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of AMZN. Mayflower Financial Advisors LLC boosted its holdings in Amazon.com by 0.3% in the 3rd quarter. Mayflower Financial Advisors LLC now owns 194,762 shares of the e-commerce giant’s stock worth $25,000 after acquiring an additional 572 shares during the period. Cooksen Wealth LLC purchased a new position in shares of Amazon.com during the 4th quarter valued at approximately $30,000. PayPay Securities Corp raised its position in shares of Amazon.com by 54.3% during the 3rd quarter. PayPay Securities Corp now owns 267 shares of the e-commerce giant’s stock valued at $34,000 after acquiring an additional 94 shares in the last quarter. Laurel Wealth Planning LLC raised its position in shares of Amazon.com by 1,900.0% during the 2nd quarter. Laurel Wealth Planning LLC now owns 320 shares of the e-commerce giant’s stock valued at $34,000 after acquiring an additional 304 shares in the last quarter. Finally, Sanctuary Wealth Management L.L.C. acquired a new stake in shares of Amazon.com during the 4th quarter valued at approximately $37,000. Institutional investors and hedge funds own 72.20% of the company’s stock.

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.