Amazon.com (NASDAQ:AMZN) Price Target Raised to $245.00 at TD Cowen

Amazon.com (NASDAQ:AMZN) had its target price upped by TD Cowen from $225.00 to $245.00 in a research note released on Wednesday morning, Marketbeat Ratings reports. TD Cowen currently has a buy rating on the e-commerce giant’s stock.

A number of other analysts also recently issued reports on AMZN. Maxim Group cut their price target on shares of Amazon.com from $318.00 to $238.00 and set a buy rating for the company in a report on Wednesday, May 1st. Stifel Nicolaus lifted their target price on Amazon.com from $224.00 to $228.00 and gave the company a buy rating in a research report on Wednesday, May 1st. JMP Securities reiterated a market outperform rating and set a $225.00 price target on shares of Amazon.com in a report on Wednesday, May 1st. The Goldman Sachs Group boosted their price objective on shares of Amazon.com from $220.00 to $225.00 and gave the company a buy rating in a report on Wednesday, May 1st. Finally, Rosenblatt Securities reaffirmed a buy rating and set a $220.00 target price on shares of Amazon.com in a research note on Wednesday, May 1st. One analyst has rated the stock with a hold rating, forty-two have assigned a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Amazon.com currently has an average rating of Buy and an average price target of $217.38.

Amazon.com Trading Down 0.3 %

AMZN opened at $194.49 on Wednesday. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.07 and a quick ratio of 0.87. The company’s 50 day simple moving average is $187.63 and its two-hundred day simple moving average is $176.17. The firm has a market capitalization of $2.02 trillion, a price-to-earnings ratio of 54.48, a price-to-earnings-growth ratio of 1.43 and a beta of 1.15. Amazon.com has a 1-year low of $118.35 and a 1-year high of $201.20.

Amazon.com (NASDAQ:AMZN) last issued its earnings results on Tuesday, April 30th. The e-commerce giant reported $0.98 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.83 by $0.15. The company had revenue of $143.31 billion during the quarter, compared to analysts’ expectations of $142.65 billion. Amazon.com had a return on equity of 19.86% and a net margin of 6.38%. The firm’s quarterly revenue was up 12.5% on a year-over-year basis. During the same period in the prior year, the business earned $0.31 EPS. Analysts expect that Amazon.com will post 4.72 EPS for the current fiscal year.

Insider Transactions at Amazon.com

In other Amazon.com news, CEO Adam Selipsky sold 500 shares of the business’s stock in a transaction on Thursday, April 18th. The shares were sold at an average price of $181.38, for a total value of $90,690.00. Following the transaction, the chief executive officer now directly owns 130,600 shares of the company’s stock, valued at approximately $23,688,228. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In other Amazon.com news, Director Keith Brian Alexander sold 1,000 shares of the firm’s stock in a transaction on Monday, May 6th. The stock was sold at an average price of $186.22, for a total value of $186,220.00. Following the completion of the sale, the director now owns 4,760 shares of the company’s stock, valued at $886,407.20. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CEO Adam Selipsky sold 500 shares of the business’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 sale, the chief executive officer now owns 130,600 shares in the company, valued at $23,688,228. The disclosure for this sale can be found here. Over the last quarter, insiders sold 6,113,490 shares of company stock worth $1,222,340,738. Company insiders own 10.80% of the company’s stock.

Institutional Trading of Amazon.com

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. MJP Associates Inc. ADV raised its stake in shares of Amazon.com by 7.6% during the 2nd quarter. MJP Associates Inc. ADV now owns 30,689 shares of the e-commerce giant’s stock worth $5,931,000 after buying an additional 2,157 shares during the last quarter. Capital CS Group LLC lifted its holdings in shares of Amazon.com by 106.6% in the second quarter. Capital CS Group LLC now owns 3,890 shares of the e-commerce giant’s stock valued at $752,000 after purchasing an additional 62,862 shares in the last quarter. Inspirion Wealth Advisors LLC grew its position in shares of Amazon.com by 0.8% in the second quarter. Inspirion Wealth Advisors LLC now owns 10,306 shares of the e-commerce giant’s stock valued at $1,992,000 after purchasing an additional 82 shares during the last quarter. Muirfield Wealth Advisors LLC increased its stake in shares of Amazon.com by 8.4% during the 2nd quarter. Muirfield Wealth Advisors LLC now owns 3,829 shares of the e-commerce giant’s stock worth $740,000 after purchasing an additional 297 shares in the last quarter. Finally, Sitrin Capital Management LLC raised its position in shares of Amazon.com by 0.4% during the 2nd quarter. Sitrin Capital Management LLC now owns 34,128 shares of the e-commerce giant’s stock worth $6,595,000 after purchasing an additional 134 shares during the last quarter. Institutional investors and hedge funds own 72.20% of the company’s stock.

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.