Amazon.com (NASDAQ:AMZN) Price Target Raised to $205.00

Amazon.com (NASDAQ:AMZN) had its price target hoisted by Robert W. Baird from $185.00 to $205.00 in a research report sent to investors on Friday, MarketBeat.com reports. The firm currently has an outperform rating on the e-commerce giant’s stock.

Other equities analysts have also issued research reports about the company. BMO Capital Markets started coverage on Amazon.com in a research note on Tuesday, January 9th. They issued an outperform rating and a $200.00 price objective on the stock. Canaccord Genuity Group increased their target price on Amazon.com from $185.00 to $200.00 and gave the company a buy rating in a research note on Friday. Benchmark increased their target price on Amazon.com from $175.00 to $200.00 and gave the company a buy rating in a research note on Friday. Deutsche Bank Aktiengesellschaft increased their price target on Amazon.com from $175.00 to $200.00 and gave the stock a buy rating in a report on Friday. Finally, JMP Securities restated a market outperform rating and issued a $175.00 price target on shares of Amazon.com in a report on Wednesday, November 29th. One research analyst has rated the stock with a hold rating, forty-three have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, Amazon.com presently has an average rating of Buy and a consensus target price of $197.95.

Read Our Latest Report on AMZN

Amazon.com Stock Up 7.9 %

Shares of NASDAQ:AMZN opened at $171.81 on Friday. Amazon.com has a 52-week low of $88.12 and a 52-week high of $172.50. The company has a quick ratio of 0.74, a current ratio of 0.98 and a debt-to-equity ratio of 0.33. The company has a market capitalization of $1.78 trillion, a price-to-earnings ratio of 59.24, a price-to-earnings-growth ratio of 1.64 and a beta of 1.14. The company has a 50 day moving average of $152.01 and a two-hundred day moving average of $140.83.

Amazon.com (NASDAQ:AMZNGet Free Report) last released its earnings results on Thursday, February 1st. The e-commerce giant reported $1.00 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.81 by $0.19. The firm had revenue of $169.96 billion for the quarter, compared to analyst estimates of $165.96 billion. Amazon.com had a return on equity of 17.43% and a net margin of 5.29%. Amazon.com’s revenue was up 13.9% compared to the same quarter last year. During the same period in the previous year, the company earned $0.21 earnings per share. As a group, analysts forecast that Amazon.com will post 3.72 earnings per share for the current fiscal year.

Insider Activity at Amazon.com

In related news, CEO Adam Selipsky sold 10,756 shares of the stock in a transaction that occurred on Wednesday, November 15th. The stock was sold at an average price of $144.60, for a total transaction of $1,555,317.60. Following the completion of the sale, the chief executive officer now directly owns 117,904 shares of the company’s stock, valued at $17,048,918.40. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. In other Amazon.com news, CEO Adam Selipsky sold 10,756 shares of the firm’s stock in a transaction on Wednesday, November 15th. The stock was sold at an average price of $144.60, for a total value of $1,555,317.60. Following the completion of the sale, the chief executive officer now directly owns 117,904 shares of the company’s stock, valued at $17,048,918.40. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, VP Shelley Reynolds sold 3,120 shares of the firm’s stock in a transaction on Tuesday, November 21st. The stock was sold at an average price of $143.19, for a total value of $446,752.80. Following the completion of the sale, the vice president now directly owns 119,780 shares of the company’s stock, valued at $17,151,298.20. The disclosure for this sale can be found here. Over the last three months, insiders sold 61,329 shares of company stock valued at $8,807,853. 12.30% of the stock is owned by insiders.

Institutional Trading of Amazon.com

A number of large investors have recently bought and sold shares of the company. Addison Advisors LLC boosted its holdings in shares of Amazon.com by 5.2% in the fourth quarter. Addison Advisors LLC now owns 5,905 shares of the e-commerce giant’s stock worth $897,000 after acquiring an additional 293 shares during the period. Gilliland Jeter Wealth Management LLC bought a new position in shares of Amazon.com in the fourth quarter worth $7,304,000. Cercano Management LLC boosted its stake in Amazon.com by 88.0% during the fourth quarter. Cercano Management LLC now owns 585,457 shares of the e-commerce giant’s stock valued at $88,954,000 after buying an additional 274,076 shares during the period. Fulton Breakefield Broenniman LLC boosted its stake in Amazon.com by 6.9% during the fourth quarter. Fulton Breakefield Broenniman LLC now owns 228,867 shares of the e-commerce giant’s stock valued at $34,774,000 after buying an additional 14,807 shares during the period. Finally, Darrow Company Inc. bought a new stake in Amazon.com during the fourth quarter valued at $274,000. 57.96% of the stock is owned by hedge funds and other institutional investors.

About Amazon.com

(Get Free Report)

Amazon.com, Inc engages in the retail sale of consumer products and subscriptions through online and physical stores in North America and internationally. It operates through three segments: North America, International, and Amazon Web Services (AWS). The company's products offered through its stores include merchandise and content purchased for resale; and products offered by third-party sellers.

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