Amazon.com (NASDAQ:AMZN) Price Target Raised to $215.00 at Monness Crespi & Hardt

Amazon.com (NASDAQ:AMZN) had its price objective increased by Monness Crespi & Hardt from $170.00 to $215.00 in a report published on Friday morning, Marketbeat.com reports. They currently have a buy rating on the e-commerce giant’s stock.

A number of other research firms also recently weighed in on AMZN. StockNews.com raised Amazon.com from a hold rating to a buy rating in a report on Wednesday, November 1st. Telsey Advisory Group increased their target price on Amazon.com from $185.00 to $200.00 and gave the stock an outperform rating in a research report on Friday. Barclays increased their target price on Amazon.com from $180.00 to $190.00 and gave the stock an overweight rating in a research report on Friday, October 27th. The Goldman Sachs Group dropped their price target on Amazon.com from $180.00 to $175.00 in a research note on Thursday, October 12th. Finally, Wells Fargo & Company increased their price target on Amazon.com from $190.00 to $197.00 and gave the company an overweight rating in a research note on Wednesday, January 17th. 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. Based on data from MarketBeat.com, the stock presently has a consensus rating of Buy and a consensus price target of $197.95.

Read Our Latest Stock Analysis on AMZN

Amazon.com Price Performance

AMZN opened at $170.31 on Friday. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.84 and a current ratio of 1.05. Amazon.com has a 52-week low of $88.12 and a 52-week high of $172.50. The stock has a market capitalization 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. The stock’s 50 day moving average price is $152.46 and its 200-day moving average price is $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 earnings per share for the quarter, topping the consensus estimate of $0.81 by $0.19. Amazon.com had a return on equity of 16.61% and a net margin of 5.29%. The company had revenue of $169.96 billion for the quarter, compared to analysts’ expectations of $165.96 billion. During the same period in the prior year, the firm earned $0.21 earnings per share. The firm’s revenue for the quarter was up 13.9% on a year-over-year basis. On average, equities research analysts predict that Amazon.com will post 3.72 EPS for the current year.

Insider Activity at Amazon.com

In other Amazon.com news, CEO Adam Selipsky sold 500 shares of the firm’s stock in a transaction dated Thursday, February 1st. The stock was sold at an average price of $155.72, for a total transaction of $77,860.00. Following the transaction, the chief executive officer now owns 116,560 shares of the company’s stock, valued at $18,150,723.20. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. In related news, CEO Adam Selipsky sold 500 shares of the firm’s stock in a transaction dated Thursday, February 1st. The shares were sold at an average price of $155.72, for a total value of $77,860.00. Following the completion of the sale, the chief executive officer now owns 116,560 shares in the company, valued at $18,150,723.20. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CEO Andrew R. Jassy sold 21,933 shares of Amazon.com stock in a transaction that occurred on Tuesday, November 21st. The shares were sold at an average price of $142.66, for a total transaction 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 $294,458,086.30. The disclosure for this sale can be found here. Insiders have sold 61,829 shares of company stock valued at $8,885,713 over the last quarter. 12.70% of the stock is owned by insiders.

Hedge Funds Weigh In On Amazon.com

Large investors have recently modified their holdings of the stock. Fiduciary Planning LLC raised its stake in shares of Amazon.com by 1.5% in the first 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 last quarter. HBC Financial Services PLLC raised its stake in shares of Amazon.com by 0.8% in the first quarter. HBC Financial Services PLLC now owns 616 shares of the e-commerce giant’s stock worth $1,717,000 after acquiring an additional 5 shares during the last quarter. Meridian Investment Counsel Inc. raised its stake in shares of Amazon.com by 3.4% in the first quarter. Meridian Investment Counsel Inc. now owns 151 shares of the e-commerce giant’s stock worth $492,000 after acquiring an additional 5 shares during the last quarter. Alterna Wealth Management Inc. raised its stake in shares of Amazon.com by 1.8% in the first quarter. Alterna Wealth Management Inc. now owns 289 shares of the e-commerce giant’s stock worth $942,000 after acquiring an additional 5 shares during the last quarter. Finally, Archetype Wealth Partners raised its stake in shares of Amazon.com by 3.7% in the first quarter. Archetype Wealth Partners now owns 169 shares of the e-commerce giant’s stock worth $552,000 after acquiring an additional 6 shares during the last quarter. Institutional investors own 57.96% of the company’s stock.

Amazon.com Company Profile

(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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