Evercore ISI Raises Amazon.com (NASDAQ:AMZN) Price Target to $220.00

Amazon.com (NASDAQ:AMZN) had its price target raised by Evercore ISI from $195.00 to $220.00 in a research note released on Friday morning, Marketbeat reports. They currently have an outperform rating on the e-commerce giant’s stock.

Other equities analysts also recently issued research reports about the company. TD Cowen upped their target price on Amazon.com from $200.00 to $225.00 and gave the company an outperform rating in a research report on Friday. Raymond James reissued a strong-buy rating and set a $185.00 price target on shares of Amazon.com in a research report on Wednesday, December 20th. Stifel Nicolaus increased their price target on Amazon.com from $173.00 to $175.00 and gave the stock a buy rating in a research report on Tuesday, January 9th. Needham & Company LLC increased their price target on Amazon.com from $175.00 to $205.00 and gave the stock a buy rating in a research report on Friday. Finally, StockNews.com raised Amazon.com from a hold rating to a buy rating in a research report on Wednesday, November 1st. One research analyst has rated the stock with a hold rating, forty-three have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of Buy and a consensus price target of $197.95.

Read Our Latest Report on AMZN

Amazon.com Stock Performance

Shares of Amazon.com stock opened at $171.81 on Friday. The firm has a market cap 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 stock’s 50-day moving average is $152.01 and its 200-day moving average is $140.83. Amazon.com has a one year low of $88.12 and a one year high of $172.50. The company has a debt-to-equity ratio of 0.33, a current ratio of 0.98 and a quick ratio of 0.74.

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 the consensus estimate of $0.81 by $0.19. The business 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% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.21 earnings per share. Equities analysts predict that Amazon.com will post 3.72 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, CEO Adam Selipsky sold 10,756 shares of the company’s stock in a transaction on Wednesday, November 15th. The shares were sold at an average price of $144.60, for a total value of $1,555,317.60. Following the completion of the transaction, the chief executive officer now directly owns 117,904 shares in the company, valued at $17,048,918.40. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In related news, CEO Andrew R. Jassy sold 21,933 shares of the stock in a transaction dated Tuesday, November 21st. The shares were sold at an average price of $142.66, for a total value of $3,128,961.78. Following the sale, the chief executive officer now owns 2,064,055 shares of the company’s stock, valued at approximately $294,458,086.30. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CEO Adam Selipsky sold 10,756 shares of the stock in a transaction dated 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 in the company, valued at approximately $17,048,918.40. The disclosure for this sale can be found here. Over the last quarter, insiders sold 61,329 shares of company stock valued at $8,807,853. Insiders own 12.30% of the company’s stock.

Institutional Trading of Amazon.com

Large investors have recently modified their holdings of the company. Mayflower Financial Advisors LLC increased its stake in Amazon.com by 0.3% during the 3rd quarter. Mayflower Financial Advisors LLC now owns 194,762 shares of the e-commerce giant’s stock valued at $25,000 after buying an additional 572 shares during the period. PayPay Securities Corp increased its stake in Amazon.com by 54.3% during the 3rd quarter. PayPay Securities Corp now owns 267 shares of the e-commerce giant’s stock valued at $34,000 after buying an additional 94 shares during the period. Laurel Wealth Planning LLC boosted its position in shares of Amazon.com by 1,900.0% during the 2nd quarter. Laurel Wealth Planning LLC now owns 320 shares of the e-commerce giant’s stock valued at $34,000 after purchasing an additional 304 shares in the last quarter. Sanctuary Wealth Management L.L.C. bought a new position in shares of Amazon.com during the 4th quarter valued at about $37,000. Finally, Swaine & Leidel Wealth Services LLC bought a new position in shares of Amazon.com during the 1st quarter valued at about $38,000. Institutional investors and hedge funds own 57.96% of the company’s stock.

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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