Amazon.com (NASDAQ:AMZN) Price Target Raised to $230.00 at BMO Capital Markets

Amazon.com (NASDAQ:AMZN) had its price target hoisted by BMO Capital Markets from $220.00 to $230.00 in a research report released on Thursday, Benzinga reports. They currently have an outperform rating on the e-commerce giant’s stock.

Several other research analysts have also recently weighed in on AMZN. Barclays lowered their target price on Amazon.com from $230.00 to $220.00 and set an overweight rating on the stock in a report on Tuesday, July 16th. Sanford C. Bernstein boosted their target price on Amazon.com from $210.00 to $215.00 and gave the stock an outperform rating in a report on Monday, July 22nd. TD Cowen boosted their target price on Amazon.com from $225.00 to $245.00 and gave the stock a buy rating in a report on Wednesday, July 10th. TD Securities boosted their target price on Amazon.com from $225.00 to $245.00 in a report on Wednesday, July 10th. Finally, Maxim Group reduced their price target on shares of Amazon.com from $318.00 to $238.00 and set a buy rating on the stock in a research report on Wednesday, May 1st. One research analyst has rated the stock with a hold rating, forty-two have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of Buy and an average target price of $220.04.

Amazon.com Trading Up 1.5 %

AMZN stock opened at $182.50 on Thursday. The company has a current ratio of 1.07, a quick ratio of 0.87 and a debt-to-equity ratio of 0.27. Amazon.com has a 12-month low of $118.35 and a 12-month high of $201.20. The stock has a market cap of $1.90 trillion, a price-to-earnings ratio of 51.12, a PEG ratio of 1.30 and a beta of 1.15. The business’s 50-day moving average is $187.27 and its 200 day moving average is $178.97.

Amazon.com (NASDAQ:AMZN) last issued its earnings results on Tuesday, April 30th. The e-commerce giant reported $0.98 earnings per share for the quarter, topping the consensus estimate of $0.83 by $0.15. The business had revenue of $143.31 billion for the quarter, compared to analysts’ expectations of $142.65 billion. Amazon.com had a return on equity of 19.86% and a net margin of 6.38%. The business’s revenue for the quarter was up 12.5% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.31 EPS. On average, sell-side analysts anticipate that Amazon.com will post 4.73 EPS for the current fiscal year.

Insider Buying and Selling

In related news, CEO Douglas J. Herrington sold 3,500 shares of the business’s stock in a transaction on Monday, June 3rd. The shares were sold at an average price of $177.29, for a total transaction of $620,515.00. Following the completion of the transaction, the chief executive officer now owns 523,253 shares in the company, valued at $92,767,524.37. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In other Amazon.com news, CEO Douglas J. Herrington sold 3,500 shares of the company’s stock in a transaction on Monday, June 3rd. The shares were sold at an average price of $177.29, for a total value of $620,515.00. Following the completion of the transaction, the chief executive officer now owns 523,253 shares in the company, valued at $92,767,524.37. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Jeffrey P. Bezos sold 266,396 shares of the company’s stock in a transaction on Wednesday, July 10th. The shares were sold at an average price of $200.01, for a total transaction of $53,281,863.96. Following the completion of the transaction, the insider now owns 928,433,873 shares of the company’s stock, valued at approximately $185,696,058,938.73. The disclosure for this sale can be found here. Over the last quarter, insiders sold 6,112,990 shares of company stock worth $1,222,250,048. Corporate insiders own 10.80% of the company’s stock.

Hedge Funds Weigh In On Amazon.com

Large investors have recently bought and sold shares of the stock. Garrison Point Advisors LLC raised its holdings in shares of Amazon.com by 0.3% in the first quarter. Garrison Point Advisors LLC now owns 20,375 shares of the e-commerce giant’s stock valued at $3,675,000 after buying an additional 55 shares during the last quarter. Meridian Investment Counsel Inc. raised its holdings in shares of Amazon.com by 1.8% in the second quarter. Meridian Investment Counsel Inc. now owns 3,076 shares of the e-commerce giant’s stock valued at $594,000 after buying an additional 55 shares during the last quarter. Ridgecrest Wealth Partners LLC raised its holdings in shares of Amazon.com by 0.7% in the first quarter. Ridgecrest Wealth Partners LLC now owns 7,755 shares of the e-commerce giant’s stock valued at $1,399,000 after buying an additional 56 shares during the last quarter. Stordahl Capital Management Inc. raised its holdings in shares of Amazon.com by 2.1% in the first quarter. Stordahl Capital Management Inc. now owns 2,763 shares of the e-commerce giant’s stock valued at $498,000 after buying an additional 56 shares during the last quarter. Finally, Lutz Financial Services LLC raised its holdings in shares of Amazon.com by 1.9% in the first quarter. Lutz Financial Services LLC now owns 3,053 shares of the e-commerce giant’s stock valued at $551,000 after buying an additional 57 shares during the last quarter. Institutional investors and hedge funds own 72.20% of the company’s stock.

About Amazon.com

Amazon.com, Inc engages in the retail sale of consumer products, advertising, and subscriptions service through online and physical stores in North America and internationally. The company operates through three segments: North America, International, and Amazon Web Services (AWS). It also manufactures and sells electronic devices, including Kindle, Fire tablets, Fire TVs, Echo, Ring, Blink, and eero; and develops and produces media content.