DA Davidson Boosts Amazon.com (NASDAQ:AMZN) Price Target to $200.00

Amazon.com (NASDAQ:AMZN) had its target price upped by DA Davidson from $195.00 to $200.00 in a research report report published on Friday, Briefing.com reports. They currently have a buy rating on the e-commerce giant’s stock.

Several other equities analysts have also recently issued reports on AMZN. HSBC assumed coverage on Amazon.com in a research report on Thursday, November 2nd. They set a buy rating and a $160.00 price target on the stock. Needham & Company LLC lifted their target price on Amazon.com from $175.00 to $205.00 and gave the stock a buy rating in a report on Friday. Telsey Advisory Group lifted their target price on Amazon.com from $185.00 to $200.00 and gave the stock an outperform rating in a report on Friday. UBS Group lowered their price target on Amazon.com from $180.00 to $178.00 and set a buy rating on the stock in a report on Tuesday, October 17th. Finally, Monness Crespi & Hardt lifted their price target on Amazon.com from $170.00 to $215.00 and gave the company a buy rating in a report on Friday. One investment analyst has rated the stock with a hold rating, forty-three have given a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of Buy and a consensus price target of $197.95.

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Amazon.com Stock Up 7.9 %

AMZN stock opened at $171.81 on Friday. The stock has a market capitalization of $1.78 trillion, a P/E ratio of 59.24, a PEG ratio of 1.64 and a beta of 1.14. The company has a debt-to-equity ratio of 0.33, a quick ratio of 0.74 and a current ratio of 0.98. Amazon.com has a one year low of $88.12 and a one year high of $172.50. The company has a 50 day moving average price of $152.01 and a two-hundred day moving average price of $140.83.

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

Insider Buying and Selling at Amazon.com

In other Amazon.com news, CEO Adam Selipsky sold 500 shares of the firm’s stock in a transaction dated Thursday, December 21st. The shares were sold at an average price of $153.20, for a total transaction of $76,600.00. Following the transaction, the chief executive officer now owns 119,560 shares of the company’s stock, valued at approximately $18,316,592. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In related news, CFO Brian T. Olsavsky sold 16,800 shares of Amazon.com stock in a transaction that occurred on Tuesday, November 21st. The shares were sold at an average price of $143.76, for a total value of $2,415,168.00. Following the completion of the sale, the chief financial officer now directly owns 49,000 shares in the company, valued at approximately $7,044,240. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Adam Selipsky sold 500 shares of Amazon.com stock in a transaction that occurred on Thursday, December 21st. The stock was sold at an average price of $153.20, for a total transaction of $76,600.00. Following the completion of the sale, the chief executive officer now owns 119,560 shares of the company’s stock, valued at $18,316,592. The disclosure for this sale can be found here. In the last quarter, insiders have sold 61,329 shares of company stock valued at $8,807,853. Company insiders own 12.30% of the company’s stock.

Institutional Trading of Amazon.com

Institutional investors have recently bought and sold shares of the stock. Bridgefront Capital LLC purchased a new stake in Amazon.com during the first quarter worth about $228,000. Krane Funds Advisors LLC raised its stake in Amazon.com by 239.1% in the 1st quarter. Krane Funds Advisors LLC now owns 78 shares of the e-commerce giant’s stock valued at $254,000 after purchasing an additional 55 shares during the last quarter. Range Financial Group LLC purchased a new stake in Amazon.com in the 1st quarter valued at about $258,000. My Personal CFO LLC purchased a new stake in shares of Amazon.com during the 1st quarter worth about $261,000. Finally, Worth Asset Management LLC purchased a new position in Amazon.com in the 1st quarter worth approximately $191,000. 57.96% of the stock is currently owned by institutional investors and hedge funds.

About Amazon.com

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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.

Further Reading

Analyst Recommendations for Amazon.com (NASDAQ:AMZN)

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