Amazon.com (NASDAQ:AMZN) Price Target Increased to $225.00 by Analysts at Loop Capital

Amazon.com (NASDAQ:AMZN) had its price objective raised by Loop Capital from $215.00 to $225.00 in a research note published on Monday morning, Benzinga reports. The firm currently has a buy rating on the e-commerce giant’s stock.

Other equities analysts also recently issued reports about the company. Wells Fargo & Company raised their price objective on Amazon.com from $217.00 to $234.00 and gave the stock an overweight rating in a report on Wednesday, May 1st. Argus boosted their price objective on shares of Amazon.com from $185.00 to $205.00 and gave the stock a buy rating in a research note on Thursday, May 2nd. DA Davidson restated a buy rating and set a $235.00 target price on shares of Amazon.com in a report on Thursday, April 18th. Wedbush reiterated an outperform rating and issued a $225.00 price target on shares of Amazon.com in a report on Wednesday, May 1st. Finally, Mizuho boosted their price objective on Amazon.com from $230.00 to $240.00 and gave the stock a buy rating in a research note on Wednesday, May 1st. One equities research analyst has rated the stock with a hold rating, forty-four have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of Buy and an average target price of $211.62.

Amazon.com Stock Performance

Shares of AMZN stock opened at $188.70 on Monday. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.87 and a current ratio of 1.07. The firm has a market capitalization of $1.96 trillion, a price-to-earnings ratio of 52.86, a price-to-earnings-growth ratio of 1.35 and a beta of 1.15. Amazon.com has a one year low of $104.70 and a one year high of $189.77. The company has a 50 day moving average price of $179.29 and a 200 day moving average price of $161.18.

Amazon.com (NASDAQ:AMZN) last released its quarterly earnings data on Tuesday, April 30th. The e-commerce giant reported $0.98 EPS for the quarter, topping analysts’ consensus estimates of $0.83 by $0.15. The business had revenue of $143.31 billion during the quarter, compared to the consensus estimate of $142.65 billion. Amazon.com had a return on equity of 19.86% and a net margin of 6.38%. The business’s revenue for the quarter was up 12.5% on a year-over-year basis. During the same period in the prior year, the firm posted $0.31 EPS. Sell-side analysts anticipate that Amazon.com will post 4.67 EPS for the current year.

Insiders Place Their Bets

In other news, CEO Douglas J. Herrington sold 3,500 shares of the stock in a transaction on Wednesday, May 1st. The stock was sold at an average price of $180.29, for a total transaction of $631,015.00. Following the completion of the sale, the chief executive officer now owns 509,358 shares in the company, valued at approximately $91,832,153.82. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In other Amazon.com news, CEO Douglas J. Herrington sold 3,500 shares of the business’s stock in a transaction dated Wednesday, May 1st. The stock was sold at an average price of $180.29, for a total transaction of $631,015.00. Following the sale, the chief executive officer now owns 509,358 shares in the company, valued at approximately $91,832,153.82. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, insider Jeffrey P. Bezos sold 5,998,849 shares of the firm’s stock in a transaction dated 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 transaction, the insider now owns 982,252,968 shares of the company’s stock, valued at $167,140,165,034.88. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 32,217,010 shares of company stock worth $5,506,442,301. 10.80% of the stock is owned by insiders.

Institutional Trading of Amazon.com

Large investors have recently added to or reduced their stakes in the company. Norges Bank purchased a new stake in Amazon.com in the 4th quarter worth about $17,700,551,000. Vanguard Group Inc. lifted its position in shares of Amazon.com by 4.4% in the third quarter. Vanguard Group Inc. now owns 757,951,795 shares of the e-commerce giant’s stock worth $96,350,832,000 after purchasing an additional 32,038,029 shares in the last quarter. International Assets Investment Management LLC boosted its holdings in shares of Amazon.com by 16,029.3% during the fourth quarter. International Assets Investment Management LLC now owns 23,865,216 shares of the e-commerce giant’s stock worth $36,260,810,000 after purchasing an additional 23,717,254 shares during the period. FMR LLC grew its position in Amazon.com by 7.7% during the third quarter. FMR LLC now owns 302,101,441 shares of the e-commerce giant’s stock valued at $38,403,135,000 after purchasing an additional 21,649,871 shares in the last quarter. Finally, Jennison Associates LLC increased its stake in Amazon.com by 28.4% in the 3rd quarter. Jennison Associates LLC now owns 54,981,548 shares of the e-commerce giant’s stock valued at $6,989,254,000 after buying an additional 12,176,114 shares during the period. 72.20% of the stock is owned by institutional investors and hedge funds.

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.