Raymond James Issues Positive Forecast for Amazon.com (NASDAQ:AMZN) Stock Price

Amazon.com (NASDAQ:AMZN) had its price objective lifted by Raymond James from $230.00 to $260.00 in a report published on Tuesday morning,Benzinga reports. Raymond James currently has a strong-buy rating on the e-commerce giant's stock.

AMZN has been the topic of a number of other research reports. Truist Financial raised their target price on shares of Amazon.com from $265.00 to $270.00 and gave the stock a "buy" rating in a report on Friday, November 1st. Piper Sandler lifted their price target on Amazon.com from $215.00 to $225.00 and gave the company an "overweight" rating in a report on Friday, November 1st. The Goldman Sachs Group lifted their price target on Amazon.com from $230.00 to $240.00 and gave the company a "buy" rating in a report on Friday, November 1st. Jefferies Financial Group lifted their price target on Amazon.com from $235.00 to $275.00 and gave the company a "buy" rating in a report on Monday, December 16th. Finally, Scotiabank lifted their price target on Amazon.com from $245.00 to $246.00 and gave the company a "sector outperform" rating in a report on Friday, November 1st. Two analysts have rated the stock with a hold rating, forty-two have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, Amazon.com has an average rating of "Moderate Buy" and an average price target of $247.72.

Amazon.com Stock Up 1.9 %

Shares of AMZN stock traded up $4.30 during trading hours on Tuesday, hitting $235.01. 41,375,972 shares of the company were exchanged, compared to its average volume of 31,919,486. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.87 and a current ratio of 1.09. Amazon.com has a one year low of $151.61 and a one year high of $235.44. The business's 50-day simple moving average is $218.73 and its two-hundred day simple moving average is $196.68. The stock has a market capitalization of $2.47 trillion, a price-to-earnings ratio of 50.32, a P/E/G ratio of 1.26 and a beta of 1.14.

Amazon.com (NASDAQ:AMZN - Get Free Report) last issued its earnings results on Thursday, October 31st. The e-commerce giant reported $1.43 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.14 by $0.29. Amazon.com had a net margin of 8.04% and a return on equity of 22.41%. The firm had revenue of $158.88 billion for the quarter, compared to analysts' expectations of $157.28 billion. During the same quarter last year, the company posted $0.85 earnings per share. Amazon.com's revenue was up 11.0% on a year-over-year basis. Sell-side analysts predict that Amazon.com will post 5.39 EPS for the current fiscal year.

Insider Buying and Selling at Amazon.com

In related news, CEO Matthew S. Garman sold 15,260 shares of Amazon.com stock in a transaction on Thursday, November 21st. The shares were sold at an average price of $200.19, for a total value of $3,054,899.40. Following the transaction, the chief executive officer now owns 349,261 shares in the company, valued at $69,918,559.59. This trade represents a 4.19 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Jonathan Rubinstein sold 5,004 shares of Amazon.com stock in a transaction on Friday, November 1st. The stock was sold at an average price of $199.85, for a total transaction of $1,000,049.40. Following the completion of the transaction, the director now owns 99,396 shares in the company, valued at $19,864,290.60. This trade represents a 4.79 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 6,032,344 shares of company stock valued at $1,253,456,822 in the last quarter. Company insiders own 10.80% of the company's stock.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the company. PayPay Securities Corp increased its holdings in shares of Amazon.com by 64.6% during the 2nd quarter. PayPay Securities Corp now owns 163 shares of the e-commerce giant's stock worth $32,000 after purchasing an additional 64 shares during the period. Hoese & Co LLP bought a new position in shares of Amazon.com during the 3rd quarter worth about $37,000. Bull Oak Capital LLC bought a new position in shares of Amazon.com during the 3rd quarter worth about $45,000. Values First Advisors Inc. bought a new position in shares of Amazon.com during the 3rd quarter worth about $56,000. Finally, IFS Advisors LLC increased its holdings in shares of Amazon.com by 1,625.0% during the 4th quarter. IFS Advisors LLC now owns 345 shares of the e-commerce giant's stock worth $76,000 after purchasing an additional 325 shares during the period. 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.