Amazon.com (NASDAQ:AMZN) Price Target Increased to $205.00 by Analysts at Argus

Amazon.com (NASDAQ:AMZN) had its price objective hoisted by Argus from $185.00 to $205.00 in a research note published on Thursday, Benzinga reports. The firm currently has a buy rating on the e-commerce giant’s stock.

Several other equities analysts have also issued reports on AMZN. Bank of America boosted their price objective on Amazon.com from $185.00 to $204.00 and gave the company a buy rating in a research report on Friday, February 2nd. JPMorgan Chase & Co. upped their target price on shares of Amazon.com from $225.00 to $240.00 and gave the stock an overweight rating in a research note on Wednesday. Susquehanna lifted their price target on Amazon.com from $185.00 to $220.00 and gave the company a positive rating in a research note on Friday, February 2nd. JMP Securities reaffirmed a market outperform rating and set a $225.00 price objective on shares of Amazon.com in a research report on Wednesday. Finally, Deutsche Bank Aktiengesellschaft lifted their target price on Amazon.com from $175.00 to $200.00 and gave the company a buy rating in a research report on Friday, February 2nd. One research analyst has rated the stock with a hold rating, forty-four have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, Amazon.com currently has an average rating of Buy and an average target price of $211.07.

Amazon.com Trading Up 0.8 %

Shares of NASDAQ:AMZN traded up $1.49 during mid-day trading on Thursday, reaching $186.21. The stock had a trading volume of 39,100,673 shares, compared to its average volume of 44,260,461. Amazon.com has a twelve month low of $103.31 and a twelve month high of $189.77. The company has a current ratio of 1.07, a quick ratio of 0.84 and a debt-to-equity ratio of 0.27. The firm has a market cap of $1.93 trillion, a PE ratio of 52.16, a price-to-earnings-growth ratio of 1.55 and a beta of 1.15. The firm has a 50 day simple moving average of $178.79 and a two-hundred day simple moving average of $159.95.

Amazon.com (NASDAQ:AMZN) last issued its quarterly earnings data on Tuesday, April 30th. The e-commerce giant reported $0.98 EPS for the quarter, topping 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 for the quarter, compared to the consensus estimate of $142.65 billion. During the same quarter last year, the business posted $0.31 EPS. The firm’s revenue was up 12.5% compared to the same quarter last year. On average, research analysts predict that Amazon.com will post 4.12 EPS for the current fiscal year.

Insider Buying and Selling at Amazon.com

In related news, CEO Adam Selipsky sold 500 shares of the stock in a transaction on Thursday, April 4th. The stock was sold at an average price of $184.00, for a total value of $92,000.00. Following the completion of the sale, the chief executive officer now directly owns 131,600 shares in the company, valued at $24,214,400. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In other Amazon.com news, CEO Adam Selipsky sold 500 shares of the stock in a transaction dated Thursday, April 4th. The stock was sold at an average price of $184.00, for a total transaction of $92,000.00. Following the completion of the sale, the chief executive officer now directly owns 131,600 shares in the company, valued at approximately $24,214,400. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Jeffrey P. Bezos sold 2,009,208 shares of the business’s stock in a transaction dated Tuesday, February 20th. The shares were sold at an average price of $166.79, for a total value of $335,115,802.32. Following the completion of the transaction, the insider now directly owns 938,251,817 shares in the company, valued at $156,491,020,557.43. The disclosure for this sale can be found here. Over the last three months, insiders sold 32,217,010 shares of company stock worth $5,506,442,301. 10.80% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

A number of institutional investors have recently modified their holdings of the stock. Cooksen Wealth LLC acquired a new stake in shares of Amazon.com in the 4th quarter valued at about $30,000. PayPay Securities Corp raised its position in shares of Amazon.com by 54.3% during the third quarter. PayPay Securities Corp now owns 267 shares of the e-commerce giant’s stock worth $34,000 after purchasing an additional 94 shares during the period. E Fund Management Hong Kong Co. Ltd. increased its stake in Amazon.com by 45.0% during the 4th quarter. E Fund Management Hong Kong Co. Ltd. now owns 277 shares of the e-commerce giant’s stock valued at $42,000 after purchasing an additional 86 shares in the last quarter. Strid Group LLC acquired a new position in Amazon.com during the fourth quarter worth $43,000. Finally, Harbor Investment Advisory LLC increased its position 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 acquiring an additional 1,988 shares in the last quarter. Institutional investors and hedge funds own 72.20% of the company’s stock.

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.