Analysts Set Amazon.com, Inc. (NASDAQ:AMZN) Target Price at $235.45

Shares of Amazon.com, Inc. (NASDAQ:AMZN) have received a consensus recommendation of "Moderate Buy" from the forty-three research firms that are currently covering the firm, Marketbeat.com reports. Two research analysts have rated the stock with a hold rating, forty have assigned a buy rating and one has issued a strong buy rating on the company. The average 1-year target price among brokers that have issued a report on the stock in the last year is $235.45.

Several brokerages have commented on AMZN. JMP Securities lifted their target price on Amazon.com from $265.00 to $285.00 and gave the stock a "market outperform" rating in a report on Friday, November 1st. Roth Mkm raised their price objective on shares of Amazon.com from $210.00 to $215.00 and gave the stock a "buy" rating in a research report on Friday, August 2nd. Wells Fargo & Company lowered shares of Amazon.com from an "overweight" rating to an "equal weight" rating and cut their target price for the stock from $225.00 to $183.00 in a research note on Monday, October 7th. Truist Financial upped their price objective on shares of Amazon.com from $265.00 to $270.00 and gave the company a "buy" rating in a report on Friday, November 1st. Finally, Jefferies Financial Group raised their target price on Amazon.com from $225.00 to $235.00 and gave the company a "buy" rating in a research note on Friday, November 1st.

Insider Transactions at Amazon.com

In related news, CFO Brian T. Olsavsky sold 14,600 shares of the business's stock in a transaction that occurred on Wednesday, August 21st. The stock was sold at an average price of $180.00, for a total value of $2,628,000.00. Following the completion of the sale, the chief financial officer now owns 49,000 shares in the company, valued at $8,820,000. The trade was a 22.96 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO Andrew R. Jassy sold 20,784 shares of Amazon.com stock in a transaction that occurred on Wednesday, August 21st. The stock was sold at an average price of $180.77, for a total transaction of $3,757,123.68. Following the transaction, the chief executive officer now directly owns 2,056,534 shares in the company, valued at $371,759,651.18. This trade represents a 1.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 6,054,586 shares of company stock valued at $1,256,749,526. 10.80% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Amazon.com

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. China Universal Asset Management Co. Ltd. grew its holdings in shares of Amazon.com by 31.6% during the 1st quarter. China Universal Asset Management Co. Ltd. now owns 182,359 shares of the e-commerce giant's stock worth $32,894,000 after acquiring an additional 43,759 shares during the period. Quent Capital LLC boosted its position in shares of Amazon.com by 3.3% in the 1st quarter. Quent Capital LLC now owns 33,729 shares of the e-commerce giant's stock worth $6,084,000 after purchasing an additional 1,081 shares in the last quarter. Pittenger & Anderson Inc. grew its stake in shares of Amazon.com by 1.6% in the 1st quarter. Pittenger & Anderson Inc. now owns 201,991 shares of the e-commerce giant's stock worth $36,435,000 after buying an additional 3,094 shares during the last quarter. Haverford Trust Co increased its position in Amazon.com by 2.4% during the 1st quarter. Haverford Trust Co now owns 66,778 shares of the e-commerce giant's stock valued at $12,045,000 after buying an additional 1,555 shares in the last quarter. Finally, Graypoint LLC boosted its holdings in Amazon.com by 9.4% in the first quarter. Graypoint LLC now owns 80,620 shares of the e-commerce giant's stock worth $14,542,000 after acquiring an additional 6,929 shares in the last quarter. 72.20% of the stock is currently owned by institutional investors.

Amazon.com Price Performance

AMZN traded up $2.91 on Tuesday, reaching $204.61. The stock had a trading volume of 30,921,727 shares, compared to its average volume of 41,560,453. The firm has a 50-day moving average of $191.69 and a 200-day moving average of $185.93. Amazon.com has a fifty-two week low of $141.50 and a fifty-two week high of $215.90. The company has a market capitalization of $2.15 trillion, a price-to-earnings ratio of 43.81, a price-to-earnings-growth ratio of 1.36 and a beta of 1.14. The company has a current ratio of 1.09, a quick ratio of 0.87 and a debt-to-equity ratio of 0.21.

Amazon.com (NASDAQ:AMZN - Get Free Report) last issued its quarterly earnings data on Thursday, October 31st. The e-commerce giant reported $1.43 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.14 by $0.29. The business had revenue of $158.88 billion during the quarter, compared to analyst estimates of $157.28 billion. Amazon.com had a net margin of 8.04% and a return on equity of 22.41%. The firm's quarterly revenue was up 11.0% on a year-over-year basis. During the same quarter last year, the business earned $0.85 EPS. As a group, sell-side analysts anticipate that Amazon.com will post 5.27 EPS for the current year.

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.