Amazon.com (NASDAQ:AMZN) Given New $225.00 Price Target at Monness Crespi & Hardt

Amazon.com (NASDAQ:AMZN) had its price target hoisted by equities research analysts at Monness Crespi & Hardt from $215.00 to $225.00 in a note issued to investors on Wednesday, Briefing.com reports. The brokerage currently has a “buy” rating on the e-commerce giant’s stock. Monness Crespi & Hardt’s price target suggests a potential upside of 28.57% from the company’s current price.

A number of other brokerages have also issued reports on AMZN. Raymond James raised their price target on Amazon.com from $200.00 to $205.00 and gave the stock a “strong-buy” rating in a research note on Wednesday. Maxim Group started coverage on Amazon.com in a research note on Wednesday, April 17th. They issued a “buy” rating and a $218.00 price objective on the stock. UBS Group lifted their price objective on Amazon.com from $198.00 to $215.00 and gave the company a “buy” rating in a research note on Thursday, April 25th. Robert W. Baird lifted their price objective on Amazon.com from $205.00 to $210.00 and gave the company an “outperform” rating in a research note on Wednesday. Finally, Citigroup lifted their price objective on Amazon.com from $215.00 to $235.00 and gave the company a “buy” rating in a research note on Wednesday, April 24th. One equities research analyst has rated the stock with a hold rating, forty-four have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Buy” and an average target price of $207.13.

Amazon.com Trading Down 3.3 %

Shares of Amazon.com stock opened at $175.00 on Wednesday. The company has a debt-to-equity ratio of 0.29, a current ratio of 1.05 and a quick ratio of 0.84. Amazon.com has a 1 year low of $101.15 and a 1 year high of $189.77. The company has a market capitalization of $1.82 trillion, a P/E ratio of 60.34, a P/E/G ratio of 1.57 and a beta of 1.16. The business has a 50 day moving average price of $178.38 and a 200 day moving average price of $159.64.

Amazon.com (NASDAQ:AMZN) last issued its quarterly earnings data on Tuesday, April 30th. The e-commerce giant reported $0.98 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.83 by $0.15. The firm 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 16.61% and a net margin of 5.29%. The company’s quarterly revenue was up 12.5% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.31 EPS. Sell-side analysts anticipate that Amazon.com will post 4.11 EPS for the current fiscal year.

Insider Activity at Amazon.com

In related news, CEO Adam Selipsky sold 500 shares of the company’s stock in a transaction on Thursday, April 18th. The stock was sold at an average price of $181.38, for a total transaction of $90,690.00. Following the transaction, the chief executive officer now directly owns 130,600 shares of the company’s stock, valued at $23,688,228. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In related news, CEO Adam Selipsky sold 500 shares of the company’s stock in a transaction on Thursday, April 18th. The stock was sold at an average price of $181.38, for a total transaction of $90,690.00. Following the transaction, the chief executive officer now directly owns 130,600 shares of the company’s stock, valued at $23,688,228. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Douglas J. Herrington sold 20,200 shares of the company’s stock in a transaction on Wednesday, February 7th. The shares were sold at an average price of $169.99, for a total value of $3,433,798.00. Following the transaction, the chief executive officer now directly owns 514,131 shares in the company, valued at $87,397,128.69. The disclosure for this sale can be found here. Over the last ninety days, insiders have 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 Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the company. Cooksen Wealth LLC purchased a new position in Amazon.com in the fourth quarter valued at about $30,000. PayPay Securities Corp boosted its stake 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 worth $34,000 after acquiring an additional 94 shares in the last quarter. E Fund Management Hong Kong Co. Ltd. boosted its stake in shares of Amazon.com by 45.0% during the 4th quarter. E Fund Management Hong Kong Co. Ltd. now owns 277 shares of the e-commerce giant’s stock worth $42,000 after acquiring an additional 86 shares in the last quarter. Strid Group LLC bought a new stake in shares of Amazon.com during the 4th quarter worth about $43,000. Finally, Harbor Investment Advisory LLC boosted its stake in shares of Amazon.com by 0.7% during the 4th quarter. Harbor Investment Advisory LLC now owns 299,959 shares of the e-commerce giant’s stock worth $46,000 after acquiring an additional 1,988 shares in the last quarter. Hedge funds and other 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.