Amazon.com (NASDAQ:AMZN) PT Raised to $800.00

Amazon.com (NASDAQ:AMZN) had its price objective boosted by Loop Capital from $750.00 to $800.00 in a report issued on Wednesday, MarketBeat reports. Loop Capital currently has a buy rating on the e-commerce giant's stock.

A number of other equities analysts also recently issued reports on AMZN. Wedbush reaffirmed an "outperform" rating and set a $225.00 price objective on shares of Amazon.com in a report on Friday, August 2nd. Sanford C. Bernstein lifted their price objective on shares of Amazon.com from $210.00 to $215.00 and gave the stock an "outperform" rating in a report on Monday, July 22nd. Barclays lifted their price objective on shares of Amazon.com from $220.00 to $235.00 and gave the stock an "overweight" rating in a report on Friday, August 2nd. Morgan Stanley reaffirmed an "overweight" rating and set a $210.00 price objective on shares of Amazon.com in a report on Thursday, October 3rd. Finally, Rosenblatt Securities lifted their price objective on shares of Amazon.com from $220.00 to $221.00 and gave the stock a "buy" rating in a report on Friday, August 2nd. Two research analysts have rated the stock with a hold rating, forty-two have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $236.78.

Amazon.com Stock Down 0.4 %

NASDAQ AMZN traded down $0.80 during mid-day trading on Wednesday, hitting $186.89. The company's stock had a trading volume of 22,987,521 shares, compared to its average volume of 41,430,477. The company's 50 day simple moving average is $180.63 and its 200 day simple moving average is $183.30. Amazon.com has a twelve month low of $118.35 and a twelve month high of $201.20. The company has a current ratio of 1.10, a quick ratio of 0.88 and a debt-to-equity ratio of 0.23. The firm has a market capitalization of $1.94 trillion, a price-to-earnings ratio of 52.11, a PEG ratio of 1.38 and a beta of 1.14.

Amazon.com (NASDAQ:AMZN - Get Free Report) last posted its quarterly earnings data on Thursday, August 1st. The e-commerce giant reported $1.23 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.05 by $0.18. The firm had revenue of $147.98 billion for the quarter, compared to the consensus estimate of $148.63 billion. Amazon.com had a net margin of 7.35% and a return on equity of 21.39%. Analysts anticipate that Amazon.com will post 4.85 earnings per share for the current year.

Insider Buying and Selling

In other Amazon.com news, VP Shelley Reynolds sold 3,791 shares of the company's stock in a transaction that occurred on Wednesday, August 21st. The stock was sold at an average price of $181.04, for a total value of $686,322.64. Following the completion of the sale, the vice president now owns 121,461 shares of the company's stock, valued at $21,989,299.44. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In other Amazon.com news, SVP David Zapolsky sold 2,190 shares of the company's stock in a transaction that occurred on Tuesday, September 24th. The stock was sold at an average price of $195.00, for a total value of $427,050.00. Following the completion of the sale, the senior vice president now owns 62,420 shares of the company's stock, valued at $12,171,900. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Shelley Reynolds sold 3,791 shares of the company's stock in a transaction that occurred on Wednesday, August 21st. The stock was sold at an average price of $181.04, for a total value of $686,322.64. Following the completion of the sale, the vice president now directly owns 121,461 shares of the company's stock, valued at approximately $21,989,299.44. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 54,355 shares of company stock worth $9,877,423. Insiders own 10.80% of the company's stock.

Institutional Trading of Amazon.com

Institutional investors have recently made changes to their positions in the stock. PayPay Securities Corp boosted its stake in shares of Amazon.com by 64.6% during the second quarter. PayPay Securities Corp now owns 163 shares of the e-commerce giant's stock valued at $32,000 after purchasing an additional 64 shares during the period. Hoese & Co LLP purchased a new stake in shares of Amazon.com during the third quarter valued at approximately $37,000. Christopher J. Hasenberg Inc boosted its holdings in Amazon.com by 650.0% in the second quarter. Christopher J. Hasenberg Inc now owns 300 shares of the e-commerce giant's stock valued at $58,000 after acquiring an additional 260 shares in the last quarter. Steph & Co. bought a new stake in Amazon.com in the first quarter valued at $65,000. Finally, Koesten Hirschmann & Crabtree INC. bought a new stake in Amazon.com in the first quarter valued at $69,000. Hedge funds and other 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.