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

Amazon.com (NASDAQ:AMZN) had its target price increased by analysts at Citigroup from $215.00 to $235.00 in a research note issued on Wednesday, Benzinga reports. The brokerage presently has a “buy” rating on the e-commerce giant’s stock. Citigroup’s target price would suggest a potential upside of 35.31% from the company’s previous close.

Several other research analysts have also issued reports on the company. DA Davidson reiterated a “buy” rating and issued a $235.00 price target on shares of Amazon.com in a report on Thursday, April 18th. Truist Financial raised their target price on Amazon.com from $195.00 to $216.00 and gave the company a “buy” rating in a report on Wednesday, April 17th. Telsey Advisory Group restated an “outperform” rating and issued a $200.00 target price on shares of Amazon.com in a report on Wednesday, March 27th. Royal Bank of Canada raised their target price on Amazon.com from $180.00 to $215.00 and gave the company an “outperform” rating in a report on Friday, February 2nd. Finally, Barclays raised their target price on Amazon.com from $190.00 to $220.00 and gave the company an “overweight” rating in a report on Friday, February 2nd. One analyst has rated the stock with a hold rating, forty-four have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, Amazon.com presently has an average rating of “Buy” and an average price target of $205.13.

Amazon.com Stock Down 1.7 %

Shares of NASDAQ:AMZN opened at $173.67 on Wednesday. The business’s 50 day simple moving average is $177.79 and its two-hundred day simple moving average is $158.23. The firm has a market cap of $1.80 trillion, a P/E ratio of 59.89, a PEG ratio of 1.56 and a beta of 1.16. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.84 and a current ratio of 1.05. Amazon.com has a 52-week low of $101.15 and a 52-week high of $189.77.

Amazon.com (NASDAQ:AMZN) last announced its quarterly earnings results on Thursday, February 1st. The e-commerce giant reported $1.00 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.81 by $0.19. The business had revenue of $169.96 billion for the quarter, compared to analyst estimates of $165.96 billion. Amazon.com had a return on equity of 16.61% and a net margin of 5.29%. The company’s quarterly revenue was up 13.9% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.21 earnings per share. As a group, research analysts forecast that Amazon.com will post 4.1 EPS for the current fiscal year.

Insider Activity at Amazon.com

In related news, insider Jeffrey P. Bezos sold 5,998,849 shares of Amazon.com stock in a transaction on Wednesday, February 7th. The stock was sold at an average price of $170.16, for a total transaction of $1,020,764,145.84. Following the completion of the sale, the insider now owns 982,252,968 shares of the company’s stock, valued at $167,140,165,034.88. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In other Amazon.com news, CEO Adam Selipsky sold 500 shares of Amazon.com stock in a transaction dated Thursday, February 1st. The stock was sold at an average price of $155.72, for a total transaction of $77,860.00. Following the completion of the sale, the chief executive officer now owns 116,560 shares of the company’s stock, valued at $18,150,723.20. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Jeffrey P. Bezos sold 5,998,849 shares of Amazon.com stock in a transaction dated Wednesday, February 7th. The stock was 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 of the company’s stock, valued at approximately $167,140,165,034.88. The disclosure for this sale can be found here. Over the last quarter, insiders sold 32,214,010 shares of company stock valued at $5,505,889,146. Company insiders own 10.30% of the company’s stock.

Institutional Investors Weigh In On Amazon.com

Several hedge funds have recently added to or reduced their stakes in the company. LifePro Asset Management lifted its stake in Amazon.com by 9.9% during the first quarter. LifePro Asset Management now owns 3,951 shares of the e-commerce giant’s stock worth $713,000 after purchasing an additional 356 shares during the last quarter. TI Trust Inc. bought a new stake in Amazon.com during the first quarter worth about $314,000. Petredis Investment Advisors LLC lifted its stake in Amazon.com by 0.9% during the first quarter. Petredis Investment Advisors LLC now owns 158,231 shares of the e-commerce giant’s stock worth $28,542,000 after purchasing an additional 1,346 shares during the last quarter. Davies Financial Advisors Inc. purchased a new position in shares of Amazon.com in the first quarter worth about $1,680,000. Finally, Financial Insights Inc. increased its holdings in shares of Amazon.com by 1.2% in the first quarter. Financial Insights Inc. now owns 26,431 shares of the e-commerce giant’s stock worth $4,768,000 after buying an additional 318 shares during the period. Institutional investors 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.