Amazon.com, Inc. (NASDAQ:AMZN) Receives $198.09 Consensus Price Target from Analysts

Amazon.com, Inc. (NASDAQ:AMZN) has been given an average recommendation of “Buy” by the forty-four ratings firms that are presently covering the company, MarketBeat Ratings reports. One research analyst has rated the stock with a hold rating, forty-two have issued a buy rating and one has given a strong buy rating to the company. The average 12-month target price among analysts that have issued ratings on the stock in the last year is $201.43.

A number of analysts have recently weighed in on AMZN shares. Roth Mkm raised their price target on shares of Amazon.com from $180.00 to $205.00 and gave the stock a “buy” rating in a research report on Friday, February 2nd. Truist Financial reissued a “buy” rating and set a $195.00 price target on shares of Amazon.com in a research report on Friday, March 22nd. Mizuho raised their price target on shares of Amazon.com from $220.00 to $230.00 and gave the stock a “buy” rating in a research report on Friday, February 2nd. Barclays raised their price target on shares of Amazon.com from $190.00 to $220.00 and gave the stock an “overweight” rating in a research report on Friday, February 2nd. Finally, Needham & Company LLC raised their price objective on Amazon.com from $175.00 to $205.00 and gave the stock a “buy” rating in a research note on Friday, February 2nd.

Insider Buying and Selling

In related news, CEO Adam Selipsky sold 500 shares of Amazon.com stock in a transaction dated Thursday, April 4th. The stock was sold at an average price of $184.00, for a total transaction of $92,000.00. Following the transaction, the chief executive officer now directly owns 131,600 shares of the company’s stock, valued at $24,214,400. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. In related news, CEO Adam Selipsky sold 500 shares of Amazon.com stock in a transaction dated Thursday, April 4th. The stock was sold at an average price of $184.00, for a total transaction of $92,000.00. Following the transaction, the chief executive officer now directly owns 131,600 shares of the company’s stock, valued at $24,214,400. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CEO Douglas J. Herrington sold 3,500 shares of Amazon.com stock in a transaction dated Monday, April 1st. The stock was sold at an average price of $180.73, for a total value of $632,555.00. Following the transaction, the chief executive officer now directly owns 512,858 shares in the company, valued at $92,688,826.34. The disclosure for this sale can be found here. Insiders have sold a total of 32,214,010 shares of company stock valued at $5,505,874,846 over the last three months. Company insiders own 12.30% of the company’s stock.

Hedge Funds Weigh In On Amazon.com

A number of institutional investors have recently bought and sold shares of the stock. Meridian Investment Counsel Inc. increased its stake in Amazon.com by 3.4% in the 1st quarter. Meridian Investment Counsel Inc. now owns 151 shares of the e-commerce giant’s stock worth $492,000 after purchasing an additional 5 shares in the last quarter. Alterna Wealth Management Inc. grew its stake in Amazon.com by 1.8% during the 1st quarter. Alterna Wealth Management Inc. now owns 289 shares of the e-commerce giant’s stock valued at $942,000 after acquiring an additional 5 shares in the last quarter. Fiduciary Planning LLC grew its stake in Amazon.com by 1.5% during the 1st quarter. Fiduciary Planning LLC now owns 349 shares of the e-commerce giant’s stock valued at $1,138,000 after acquiring an additional 5 shares in the last quarter. HBC Financial Services PLLC grew its stake in Amazon.com by 0.8% during the 1st quarter. HBC Financial Services PLLC now owns 616 shares of the e-commerce giant’s stock valued at $1,717,000 after acquiring an additional 5 shares in the last quarter. Finally, Archetype Wealth Partners grew its stake in Amazon.com by 3.7% during the 1st quarter. Archetype Wealth Partners now owns 169 shares of the e-commerce giant’s stock valued at $552,000 after acquiring an additional 6 shares in the last quarter. Hedge funds and other institutional investors own 72.20% of the company’s stock.

Amazon.com Stock Down 1.5 %

Shares of NASDAQ:AMZN opened at $186.13 on Monday. The company has a quick ratio of 0.84, a current ratio of 1.05 and a debt-to-equity ratio of 0.29. Amazon.com has a 52-week low of $98.71 and a 52-week high of $189.77. The company has a 50 day moving average of $176.33 and a two-hundred day moving average of $154.98. The company has a market capitalization of $1.93 trillion, a price-to-earnings ratio of 64.18, a price-to-earnings-growth ratio of 1.62 and a beta of 1.16.

Amazon.com (NASDAQ:AMZN) last released its quarterly earnings results on Thursday, February 1st. The e-commerce giant reported $1.00 earnings per share for the quarter, topping analysts’ consensus estimates of $0.81 by $0.19. Amazon.com had a net margin of 5.29% and a return on equity of 16.61%. The business had revenue of $169.96 billion during the quarter, compared to the consensus estimate of $165.96 billion. During the same quarter last year, the company earned $0.21 earnings per share. The business’s quarterly revenue was up 13.9% compared to the same quarter last year. As a group, analysts forecast that Amazon.com will post 4.08 earnings per share for the current fiscal year.

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.