Amazon.com (NASDAQ:AMZN) Price Target Raised to $213.00

Amazon.com (NASDAQ:AMZN) had its price objective raised by Robert W. Baird from $210.00 to $213.00 in a research note issued to investors on Friday morning, Benzinga reports. The brokerage currently has an outperform rating on the e-commerce giant’s stock.

A number of other brokerages have also weighed in on AMZN. Tigress Financial upped their price objective on Amazon.com from $210.00 to $245.00 and gave the stock a buy rating in a report on Thursday, May 30th. Morgan Stanley lifted their price objective on Amazon.com from $215.00 to $220.00 and gave the stock an overweight rating in a report on Wednesday, May 1st. Loop Capital raised their price target on Amazon.com from $215.00 to $225.00 and gave the company a buy rating in a research report on Monday, May 6th. Telsey Advisory Group boosted their price objective on shares of Amazon.com from $200.00 to $215.00 and gave the stock an outperform rating in a research report on Wednesday, May 1st. Finally, Truist Financial raised their price objective on Amazon.com from $216.00 to $220.00 and gave the stock a buy rating in a report on Wednesday, May 1st. One research analyst has rated the stock with a hold rating, forty-three have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of Buy and a consensus price target of $215.37.

Check Out Our Latest Research Report on Amazon.com

Amazon.com Stock Up 1.6 %

Amazon.com stock opened at $189.08 on Friday. The stock has a market capitalization of $1.97 trillion, a price-to-earnings ratio of 52.96, a PEG ratio of 1.33 and a beta of 1.14. The company has a current ratio of 1.07, a quick ratio of 0.87 and a debt-to-equity ratio of 0.27. The stock has a 50 day moving average of $182.78 and a two-hundred day moving average of $171.73. Amazon.com has a twelve month low of $118.35 and a twelve month high of $191.70.

Amazon.com (NASDAQ:AMZNGet Free Report) last posted its quarterly earnings data on Tuesday, April 30th. The e-commerce giant reported $0.98 earnings per share for the quarter, beating analysts’ consensus estimates of $0.83 by $0.15. Amazon.com had a net margin of 6.38% and a return on equity of 19.86%. The firm had revenue of $143.31 billion for the quarter, compared to analyst estimates of $142.65 billion. During the same period last year, the firm posted $0.31 EPS. Amazon.com’s quarterly revenue was up 12.5% on a year-over-year basis. As a group, research analysts expect that Amazon.com will post 4.72 earnings per share for the current year.

Insider Transactions at Amazon.com

In related news, Director Jonathan Rubinstein sold 5,264 shares of Amazon.com stock in a transaction that occurred on Thursday, May 9th. The shares were sold at an average price of $190.00, for a total transaction of $1,000,160.00. Following the transaction, the director now owns 104,400 shares of the company’s stock, valued at approximately $19,836,000. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other Amazon.com news, Director Jonathan Rubinstein sold 5,264 shares of Amazon.com stock in a transaction that occurred on Thursday, May 9th. The shares were sold at an average price of $190.00, for a total value of $1,000,160.00. Following the transaction, the director now owns 104,400 shares of the company’s stock, valued at $19,836,000. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Adam Selipsky sold 500 shares of the stock in a transaction on Thursday, April 4th. The stock was sold at an average price of $184.00, for a total transaction of $92,000.00. Following the sale, the chief executive officer now directly owns 131,600 shares of the company’s stock, valued at approximately $24,214,400. The disclosure for this sale can be found here. In the last ninety days, insiders sold 65,338 shares of company stock worth $11,894,344. 10.80% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Amazon.com

Several institutional investors and hedge funds have recently added to or reduced their stakes in AMZN. Garrison Point Advisors LLC lifted its stake in Amazon.com by 0.3% in the first quarter. Garrison Point Advisors LLC now owns 20,375 shares of the e-commerce giant’s stock valued at $3,675,000 after acquiring an additional 55 shares during the last quarter. Ridgecrest Wealth Partners LLC lifted its stake in Amazon.com by 0.7% in the 1st quarter. Ridgecrest Wealth Partners LLC now owns 7,755 shares of the e-commerce giant’s stock valued at $1,399,000 after purchasing an additional 56 shares during the last quarter. Stordahl Capital Management Inc. grew its holdings in Amazon.com by 2.1% during the first quarter. Stordahl Capital Management Inc. now owns 2,763 shares of the e-commerce giant’s stock worth $498,000 after purchasing an additional 56 shares during the period. Lutz Financial Services LLC grew its holdings in Amazon.com by 1.9% during the first quarter. Lutz Financial Services LLC now owns 3,053 shares of the e-commerce giant’s stock worth $551,000 after purchasing an additional 57 shares during the period. Finally, O Dell Group LLC raised its stake in Amazon.com by 0.4% in the first quarter. O Dell Group LLC now owns 13,638 shares of the e-commerce giant’s stock valued at $2,460,000 after buying an additional 57 shares during the period. 72.20% of the stock is owned by institutional investors.

Amazon.com Company Profile

(Get Free Report)

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.

Further Reading

Analyst Recommendations for Amazon.com (NASDAQ:AMZN)

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