Amazon.com (NASDAQ:AMZN) had its price objective lifted by Morgan Stanley from $210.00 to $230.00 in a research report sent to investors on Monday, Benzinga reports. They currently have an overweight rating on the e-commerce giant's stock.
Several other analysts have also weighed in on AMZN. DA Davidson reaffirmed a "buy" rating and set a $235.00 price objective on shares of Amazon.com in a report on Thursday, October 10th. Oppenheimer lifted their price objective on Amazon.com from $220.00 to $230.00 and gave the company an "outperform" rating in a research report on Friday. Susquehanna increased their target price on Amazon.com from $220.00 to $230.00 and gave the stock a "positive" rating in a report on Friday. Deutsche Bank Aktiengesellschaft upped their price target on shares of Amazon.com from $225.00 to $232.00 and gave the stock a "buy" rating in a research report on Friday. Finally, Truist Financial boosted their target price on shares of Amazon.com from $265.00 to $270.00 and gave the stock a "buy" rating in a research note on Friday. Two equities research analysts have rated the stock with a hold rating, forty have issued a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $246.48.
View Our Latest Report on AMZN
Amazon.com Price Performance
AMZN traded down $2.15 during midday trading on Monday, reaching $195.78. 38,384,910 shares of the company's stock were exchanged, compared to its average volume of 41,316,402. The company has a quick ratio of 0.88, a current ratio of 1.10 and a debt-to-equity ratio of 0.23. The business has a 50-day simple moving average of $184.82 and a two-hundred day simple moving average of $183.77. The firm has a market capitalization of $2.05 trillion, a price-to-earnings ratio of 41.92, a price-to-earnings-growth ratio of 1.42 and a beta of 1.14. Amazon.com has a one year low of $138.36 and a one year high of $201.20.
Amazon.com (NASDAQ:AMZN - Get Free Report) last announced its quarterly earnings results on Thursday, October 31st. The e-commerce giant reported $1.43 EPS for the quarter, beating the consensus estimate of $1.14 by $0.29. The business had revenue of $158.88 billion for the quarter, compared to analyst estimates of $157.28 billion. Amazon.com had a return on equity of 23.46% and a net margin of 8.04%. Amazon.com's quarterly revenue was up 11.0% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.85 EPS. As a group, research analysts predict that Amazon.com will post 4.84 EPS for the current year.
Insider Activity
In related news, CEO Andrew R. Jassy sold 20,784 shares of the firm's stock in a transaction dated Wednesday, August 21st. The shares were sold at an average price of $180.77, for a total value of $3,757,123.68. Following the completion of the sale, the chief executive officer now directly owns 2,056,534 shares in the company, valued at approximately $371,759,651.18. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. In related news, CFO Brian T. Olsavsky sold 14,600 shares of Amazon.com stock in a transaction dated Wednesday, August 21st. The shares were sold at an average price of $180.00, for a total transaction of $2,628,000.00. Following the completion of the sale, the chief financial officer now owns 49,000 shares of the company's stock, valued at approximately $8,820,000. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CEO Andrew R. Jassy sold 20,784 shares of the business's stock in a transaction that occurred on Wednesday, August 21st. The stock was sold at an average price of $180.77, for a total value of $3,757,123.68. Following the sale, the chief executive officer now owns 2,056,534 shares of the company's stock, valued at approximately $371,759,651.18. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 50,855 shares of company stock valued at $9,215,048. 10.80% of the stock is owned by insiders.
Institutional Investors Weigh In On Amazon.com
A number of hedge funds and other institutional investors have recently modified their holdings of AMZN. Garrison Point Advisors LLC raised its position in Amazon.com by 0.3% during 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 purchasing an additional 55 shares during the period. Meridian Investment Counsel Inc. raised its holdings in Amazon.com by 1.8% during the 2nd 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 period. O Connor Financial Group LLC raised its holdings in Amazon.com by 2.2% during the 3rd quarter. O Connor Financial Group LLC now owns 2,536 shares of the e-commerce giant's stock valued at $473,000 after buying an additional 55 shares during the period. Cherrydale Wealth Management LLC boosted its stake in Amazon.com by 0.7% during the third quarter. Cherrydale Wealth Management LLC now owns 7,492 shares of the e-commerce giant's stock worth $1,396,000 after buying an additional 55 shares during the period. Finally, Stordahl Capital Management Inc. increased its position in Amazon.com by 2.1% during the first quarter. Stordahl Capital Management Inc. now owns 2,763 shares of the e-commerce giant's stock valued at $498,000 after acquiring an additional 56 shares during the last quarter. Institutional investors and hedge funds own 72.20% of the company's stock.
About Amazon.com
(
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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.
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