Amazon.com (NASDAQ:AMZN) Price Target Raised to $265.00

Amazon.com (NASDAQ:AMZN) had its price target lifted by Truist Financial from $230.00 to $265.00 in a research note published on Monday, Benzinga reports. The firm currently has a buy rating on the e-commerce giant’s stock.

AMZN has been the topic of a number of other reports. Evercore ISI upped their price target on shares of Amazon.com from $225.00 to $240.00 and gave the stock an outperform rating in a research note on Friday, September 20th. JMP Securities increased their target price on shares of Amazon.com from $245.00 to $265.00 and gave the company a market outperform rating in a report on Tuesday, September 3rd. TD Cowen lifted their price target on shares of Amazon.com from $225.00 to $245.00 and gave the company a buy rating in a research report on Wednesday, July 10th. JPMorgan Chase & Co. lowered their price target on Amazon.com from $240.00 to $230.00 and set an overweight rating on the stock in a report on Friday, August 2nd. Finally, Morgan Stanley decreased their target price on Amazon.com from $240.00 to $210.00 and set an overweight rating on the stock in a research report on Tuesday, August 6th. One analyst has rated the stock with a hold rating, forty-one have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the stock has an average rating of Buy and an average price target of $223.65.

Amazon.com Trading Down 0.2 %

NASDAQ AMZN opened at $184.76 on Monday. The company has a quick ratio of 0.88, a current ratio of 1.10 and a debt-to-equity ratio of 0.23. The stock has a market capitalization of $1.92 trillion, a P/E ratio of 51.75, a P/E/G ratio of 1.46 and a beta of 1.14. Amazon.com has a 52-week low of $118.35 and a 52-week high of $201.20. The firm has a 50-day moving average price of $179.05 and a 200 day moving average price of $182.83.

Amazon.com (NASDAQ:AMZN) last issued its earnings results on Thursday, August 1st. The e-commerce giant reported $1.23 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.05 by $0.18. Amazon.com had a return on equity of 21.39% and a net margin of 7.35%. The business had revenue of $147.98 billion during the quarter, compared to the consensus estimate of $148.63 billion. Equities research analysts expect that Amazon.com will post 4.86 EPS for the current year.

Insider Buying and Selling at Amazon.com

In other Amazon.com news, SVP David Zapolsky sold 2,190 shares of the company’s stock in a transaction that occurred on Tuesday, September 24th. The stock was sold at an average price of $195.00, for a total value of $427,050.00. Following the transaction, the senior vice president now directly owns 62,420 shares of the company’s stock, valued at approximately $12,171,900. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. In other Amazon.com news, SVP David Zapolsky sold 2,190 shares of the firm’s stock in a transaction on Tuesday, September 24th. The shares were sold at an average price of $195.00, for a total transaction of $427,050.00. Following the completion of the transaction, the senior vice president now directly owns 62,420 shares of the company’s stock, valued at approximately $12,171,900. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, VP Shelley Reynolds sold 3,791 shares of Amazon.com stock in a transaction dated Wednesday, August 21st. The stock was sold at an average price of $181.04, for a total value of $686,322.64. Following the completion of the transaction, the vice president now owns 121,461 shares of the company’s stock, valued at $21,989,299.44. The disclosure for this sale can be found here. Insiders sold a total of 4,634,860 shares of company stock worth $926,639,482 in the last 90 days. 10.80% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of the business. Garrison Point Advisors LLC grew its holdings in shares of Amazon.com by 0.3% during 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 purchasing an additional 55 shares during the last quarter. Meridian Investment Counsel Inc. grew its stake in Amazon.com by 1.8% during the 2nd quarter. Meridian Investment Counsel Inc. now owns 3,076 shares of the e-commerce giant’s stock worth $594,000 after buying an additional 55 shares during the last quarter. Ridgecrest Wealth Partners LLC increased its position in Amazon.com by 0.7% in the first quarter. Ridgecrest Wealth Partners LLC now owns 7,755 shares of the e-commerce giant’s stock worth $1,399,000 after buying an additional 56 shares during the period. Stordahl Capital Management Inc. lifted its stake in Amazon.com by 2.1% in the first quarter. Stordahl Capital Management Inc. now owns 2,763 shares of the e-commerce giant’s stock valued at $498,000 after buying an additional 56 shares during the last quarter. Finally, Lutz Financial Services LLC boosted its holdings in shares of 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 valued at $551,000 after acquiring an additional 57 shares during the period. 72.20% of the stock is owned by institutional investors and hedge funds.

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.