Amazon.com (NASDAQ:AMZN) PT Raised to $230.00 at BMO Capital Markets

Amazon.com (NASDAQ:AMZN) had its price objective lifted by investment analysts at BMO Capital Markets from $220.00 to $230.00 in a report issued on Thursday, Benzinga reports. The brokerage presently has an “outperform” rating on the e-commerce giant’s stock. BMO Capital Markets’ target price suggests a potential upside of 26.03% from the stock’s current price.

Several other analysts also recently issued reports on AMZN. JPMorgan Chase & Co. upped their price objective on shares of Amazon.com from $225.00 to $240.00 and gave the stock an “overweight” rating in a report on Wednesday, May 1st. Maxim Group decreased their price target on shares of Amazon.com from $318.00 to $238.00 and set a “buy” rating for the company in a report on Wednesday, May 1st. Loop Capital lifted their price objective on Amazon.com from $215.00 to $225.00 and gave the stock a “buy” rating in a research note on Monday, May 6th. Needham & Company LLC increased their target price on Amazon.com from $205.00 to $210.00 and gave the company a “buy” rating in a research note on Wednesday, July 17th. Finally, Mizuho raised their target price on Amazon.com from $230.00 to $240.00 and gave the company a “buy” rating in a report on Wednesday, May 1st. One investment analyst has rated the stock with a hold rating, forty-two have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Buy” and an average price target of $220.04.

View Our Latest Stock Analysis on Amazon.com

Amazon.com Trading Up 1.5 %

Amazon.com stock opened at $182.50 on Thursday. Amazon.com has a one year low of $118.35 and a one year high of $201.20. The company’s fifty day moving average price is $187.27 and its two-hundred day moving average price is $178.61. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.07 and a quick ratio of 0.87. The company has a market capitalization of $1.90 trillion, a price-to-earnings ratio of 51.12, a PEG ratio of 1.29 and a beta of 1.15.

Amazon.com (NASDAQ:AMZN – Get Free Report) last issued its quarterly earnings data on Tuesday, April 30th. The e-commerce giant reported $0.98 EPS for the quarter, beating analysts’ consensus estimates 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 analyst estimates of $142.65 billion. During the same quarter in the prior year, the firm posted $0.31 EPS. The firm’s revenue for the quarter was up 12.5% on a year-over-year basis. On average, analysts forecast that Amazon.com will post 4.73 earnings per share for the current fiscal year.

Insider Buying and Selling at Amazon.com

In other news, insider Jeffrey P. Bezos sold 3,085,116 shares of the company’s stock in a transaction that occurred on Friday, July 5th. The shares were sold at an average price of $200.07, for a total transaction of $617,239,158.12. Following the transaction, the insider now directly owns 931,925,277 shares in the company, valued at $186,450,290,169.39. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In other news, CEO Douglas J. Herrington sold 3,500 shares of Amazon.com stock in a transaction on Wednesday, May 1st. The stock was sold at an average price of $180.29, for a total value of $631,015.00. Following the completion of the sale, the chief executive officer now directly owns 509,358 shares of the company’s stock, valued at approximately $91,832,153.82. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Jeffrey P. Bezos sold 3,085,116 shares of the company’s stock in a transaction on Friday, July 5th. The shares were sold at an average price of $200.07, for a total value of $617,239,158.12. Following the transaction, the insider now directly owns 931,925,277 shares in the company, valued at approximately $186,450,290,169.39. The disclosure for this sale can be found here. In the last 90 days, insiders sold 6,112,990 shares of company stock worth $1,222,250,048. 10.80% of the stock is currently owned by corporate insiders.

Institutional Trading of Amazon.com

Several institutional investors and hedge funds have recently added to or reduced their stakes in AMZN. Norges Bank bought a new stake in shares of Amazon.com during the fourth quarter worth approximately $17,700,551,000. International Assets Investment Management LLC raised its position in shares of Amazon.com by 16,029.3% during the 4th quarter. International Assets Investment Management LLC now owns 23,865,216 shares of the e-commerce giant’s stock valued at $36,260,810,000 after acquiring an additional 23,717,254 shares during the last quarter. Vanguard Group Inc. lifted its stake in shares of Amazon.com by 1.9% in the 1st quarter. Vanguard Group Inc. now owns 785,811,114 shares of the e-commerce giant’s stock valued at $141,744,609,000 after purchasing an additional 14,724,687 shares during the period. Swedbank AB bought a new position in shares of Amazon.com in the 1st quarter worth $2,239,757,000. Finally, Capital World Investors grew its stake in shares of Amazon.com by 64.6% during the first quarter. Capital World Investors now owns 29,359,677 shares of the e-commerce giant’s stock worth $5,295,899,000 after purchasing an additional 11,524,463 shares during the period. 72.20% of the stock is owned by institutional investors.

Amazon.com Company Profile

(Get Free Report)

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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