Amazon.com (NASDAQ:AMZN) Given New $195.00 Price Target at Truist Financial

Amazon.com (NASDAQ:AMZN) had its price objective raised by Truist Financial from $180.00 to $195.00 in a research note released on Friday morning, Benzinga reports. They currently have a buy rating on the e-commerce giant’s stock.

A number of other equities research analysts also recently issued reports on the stock. Morgan Stanley boosted their target price on shares of Amazon.com from $185.00 to $200.00 and gave the company an overweight rating in a report on Friday. Benchmark boosted their price objective on shares of Amazon.com from $175.00 to $200.00 and gave the stock a buy rating in a research note on Friday. JPMorgan Chase & Co. boosted their price objective on shares of Amazon.com from $190.00 to $225.00 and gave the stock an overweight rating in a research note on Friday. JMP Securities boosted their price objective on shares of Amazon.com from $175.00 to $225.00 and gave the stock an outperform rating in a research note on Friday. Finally, Raymond James boosted their price objective on shares of Amazon.com from $185.00 to $200.00 and gave the stock a strong-buy rating in a research note on Friday. One analyst has rated the stock with a hold rating, forty-three have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, Amazon.com presently has a consensus rating of Buy and an average target price of $197.95.

View Our Latest Research Report on AMZN

Amazon.com Stock Performance

Shares of NASDAQ AMZN opened at $170.31 on Friday. The company has a market cap of $1.76 trillion, a PE ratio of 58.73, a price-to-earnings-growth ratio of 1.62 and a beta of 1.14. Amazon.com has a 12 month low of $88.12 and a 12 month high of $172.50. The company has a debt-to-equity ratio of 0.29, a current ratio of 1.05 and a quick ratio of 0.84. The company has a 50-day simple moving average of $152.46 and a 200-day simple moving average of $141.12.

Amazon.com (NASDAQ:AMZNGet Free Report) last issued its quarterly earnings results on Thursday, February 1st. The e-commerce giant reported $1.00 EPS for the quarter, topping analysts’ consensus estimates of $0.81 by $0.19. Amazon.com had a net margin of 5.29% and a return on equity of 16.61%. The business had revenue of $169.96 billion during the quarter, compared to the consensus estimate of $165.96 billion. During the same period in the previous year, the firm posted $0.21 earnings per share. The company’s quarterly revenue was up 13.9% compared to the same quarter last year. On average, equities analysts anticipate that Amazon.com will post 3.72 earnings per share for the current year.

Insider Transactions at Amazon.com

In other news, CEO Adam Selipsky sold 500 shares of the business’s stock in a transaction on Wednesday, December 6th. The shares were sold at an average price of $147.76, for a total value of $73,880.00. Following the sale, the chief executive officer now owns 120,560 shares in the company, valued at approximately $17,813,945.60. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other Amazon.com news, CEO Andrew R. Jassy sold 21,933 shares of the business’s stock in a transaction dated Tuesday, November 21st. The stock was sold at an average price of $142.66, for a total transaction of $3,128,961.78. Following the completion of the sale, the chief executive officer now directly owns 2,064,055 shares of the company’s stock, valued at approximately $294,458,086.30. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Adam Selipsky sold 500 shares of the business’s stock in a transaction dated Wednesday, December 6th. The stock was sold at an average price of $147.76, for a total value of $73,880.00. Following the sale, the chief executive officer now directly owns 120,560 shares of the company’s stock, valued at $17,813,945.60. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 61,829 shares of company stock worth $8,885,713. Insiders own 12.70% of the company’s stock.

Hedge Funds Weigh In On Amazon.com

Several institutional investors have recently modified their holdings of the stock. Fiduciary Planning LLC lifted its stake in shares of Amazon.com by 1.5% in the 1st quarter. Fiduciary Planning LLC now owns 349 shares of the e-commerce giant’s stock worth $1,138,000 after acquiring an additional 5 shares during the period. HBC Financial Services PLLC lifted its stake in Amazon.com by 0.8% during the first quarter. HBC Financial Services PLLC now owns 616 shares of the e-commerce giant’s stock valued at $1,717,000 after purchasing an additional 5 shares during the last quarter. Meridian Investment Counsel Inc. lifted its stake in Amazon.com by 3.4% during the first quarter. Meridian Investment Counsel Inc. now owns 151 shares of the e-commerce giant’s stock valued at $492,000 after purchasing an additional 5 shares during the last quarter. Alterna Wealth Management Inc. lifted its stake in Amazon.com by 1.8% during the first quarter. Alterna Wealth Management Inc. now owns 289 shares of the e-commerce giant’s stock valued at $942,000 after purchasing an additional 5 shares during the last quarter. Finally, Archetype Wealth Partners lifted its stake in Amazon.com by 3.7% during the first quarter. Archetype Wealth Partners now owns 169 shares of the e-commerce giant’s stock valued at $552,000 after purchasing an additional 6 shares during the last quarter. 57.96% of the stock is currently owned by institutional investors and hedge funds.

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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