Amazon.com (NASDAQ:AMZN) PT Raised to $213.00 at Robert W. Baird

Amazon.com (NASDAQ:AMZN) had its price objective increased by Robert W. Baird from $210.00 to $213.00 in a research report sent to investors on Friday morning, Benzinga reports. Robert W. Baird currently has an outperform rating on the e-commerce giant's stock.

A number of other equities analysts have also weighed in on the company. Rosenblatt Securities reiterated a buy rating and issued a $220.00 price target on shares of Amazon.com in a research report on Wednesday, May 1st. Monness Crespi & Hardt increased their price target on Amazon.com from $215.00 to $225.00 and gave the company a buy rating in a research report on Wednesday, May 1st. Wells Fargo & Company increased their price target on Amazon.com from $217.00 to $234.00 and gave the company an overweight rating in a research report on Wednesday, May 1st. Needham & Company LLC reiterated a buy rating and issued a $205.00 price target on shares of Amazon.com in a research report on Wednesday, May 15th. Finally, JPMorgan Chase & Co. increased their price target on Amazon.com from $225.00 to $240.00 and gave the company an overweight rating in a research report on Wednesday, May 1st. One equities research analyst has rated the stock with a hold rating, forty-three have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of Buy and an average price target of $213.89.

Amazon.com Price Performance

AMZN stock traded up $2.98 during trading hours on Friday, hitting $189.08. 72,873,163 shares of the stock traded hands, compared to its average volume of 42,108,965. The stock has a 50-day simple moving average of $182.78 and a 200 day simple moving average of $171.37. Amazon.com has a one year low of $118.35 and a one year high of $191.70. The company has a market cap of $1.97 trillion, a P/E ratio of 52.96, a P/E/G ratio of 1.31 and a beta of 1.14. 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 (NASDAQ:AMZN - Get Free Report) last announced its earnings results on Tuesday, April 30th. The e-commerce giant reported $0.98 earnings per share for the quarter, beating the consensus estimate of $0.83 by $0.15. Amazon.com had a return on equity of 19.86% and a net margin of 6.38%. The business had revenue of $143.31 billion during the quarter, compared to analysts' expectations of $142.65 billion. During the same quarter last year, the business posted $0.31 earnings per share. The company's quarterly revenue was up 12.5% on a year-over-year basis. Equities analysts forecast that Amazon.com will post 4.72 earnings per share for the current year.

Insider Buying and Selling

In related news, Director Jonathan Rubinstein sold 5,264 shares of the firm's stock in a transaction that occurred on Thursday, May 9th. The stock was sold at an average price of $190.00, for a total transaction of $1,000,160.00. Following the completion of the transaction, the director now owns 104,400 shares in the company, valued at approximately $19,836,000. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In other Amazon.com news, Director Jonathan Rubinstein sold 5,264 shares of Amazon.com stock in a transaction on Thursday, May 9th. The stock was sold at an average price of $190.00, for a total value of $1,000,160.00. Following the completion of the transaction, the director now owns 104,400 shares in the company, valued at approximately $19,836,000. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO Douglas J. Herrington sold 3,500 shares of Amazon.com stock in a transaction on Monday, April 1st. The shares were sold at an average price of $180.73, for a total value of $632,555.00. Following the completion of the transaction, the chief executive officer now owns 512,858 shares of the company's stock, valued at approximately $92,688,826.34. The disclosure for this sale can be found here. Insiders sold 65,338 shares of company stock worth $11,894,344 in the last 90 days. 10.80% of the stock is owned by company insiders.

Institutional Investors Weigh In On Amazon.com

A number of institutional investors and hedge funds have recently made changes to their positions in AMZN. Cooksen Wealth LLC acquired a new stake in shares of Amazon.com during the fourth quarter worth $30,000. E Fund Management Hong Kong Co. Ltd. grew its stake in shares of Amazon.com by 45.0% during the fourth quarter. E Fund Management Hong Kong Co. Ltd. now owns 277 shares of the e-commerce giant's stock worth $42,000 after purchasing an additional 86 shares during the period. Strid Group LLC acquired a new stake in shares of Amazon.com during the fourth quarter worth $43,000. Harbor Investment Advisory LLC grew its stake in shares of Amazon.com by 0.7% during the fourth quarter. Harbor Investment Advisory LLC now owns 299,959 shares of the e-commerce giant's stock worth $46,000 after purchasing an additional 1,988 shares during the period. Finally, Clarity Asset Management Inc. acquired a new stake in shares of Amazon.com during the fourth quarter worth $46,000. Institutional investors own 72.20% of the company's stock.

Amazon.com Company Profile

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.