Brokerages Set Amazon.com, Inc. (NASDAQ:AMZN) PT at $218.71

Amazon.com, Inc. (NASDAQ:AMZN) has been assigned a consensus rating of “Buy” from the forty-three analysts that are covering the company, MarketBeat Ratings reports. One analyst has rated the stock with a hold rating, forty-one have given a buy rating and one has given a strong buy rating to the company. The average twelve-month price objective among brokerages that have issued ratings on the stock in the last year is $218.82.

Several analysts have weighed in on AMZN shares. Wedbush reissued an “outperform” rating and set a $225.00 target price on shares of Amazon.com in a research report on Wednesday, May 1st. Rosenblatt Securities reissued a “buy” rating and set a $220.00 target price on shares of Amazon.com in a research report on Wednesday, May 1st. Benchmark reissued a “buy” rating and set a $200.00 target price on shares of Amazon.com in a research report on Tuesday, July 16th. Mizuho boosted their target price on shares of Amazon.com from $230.00 to $240.00 and gave the stock a “buy” rating in a research report on Wednesday, May 1st. Finally, Piper Sandler boosted their target price on shares of Amazon.com from $205.00 to $220.00 and gave the stock an “overweight” rating in a research report on Wednesday, May 1st.

Amazon.com Stock Down 0.3 %

Shares of Amazon.com stock opened at $183.13 on Wednesday. The firm’s 50 day moving average price is $187.59 and its 200-day moving average price is $177.79. The company has a quick ratio of 0.87, a current ratio of 1.07 and a debt-to-equity ratio of 0.27. Amazon.com has a 52-week low of $118.35 and a 52-week high of $201.20. The company has a market cap of $1.91 trillion, a P/E ratio of 51.30, a PEG ratio of 1.31 and a beta of 1.15.

Amazon.com (NASDAQ:AMZN) last issued its quarterly earnings data on Tuesday, April 30th. The e-commerce giant reported $0.98 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.83 by $0.15. Amazon.com had a net margin of 6.38% and a return on equity of 19.86%. The firm had revenue of $143.31 billion for the quarter, compared to the consensus estimate of $142.65 billion. During the same quarter in the previous year, the firm earned $0.31 EPS. The company’s quarterly revenue was up 12.5% compared to the same quarter last year. On average, sell-side analysts predict that Amazon.com will post 4.72 EPS for the current fiscal year.

Insider Transactions at Amazon.com

In other news, CEO Douglas J. Herrington sold 3,500 shares of the firm’s stock in a transaction that occurred on Monday, June 3rd. The shares were sold at an average price of $177.29, for a total transaction of $620,515.00. Following the transaction, the chief executive officer now directly owns 523,253 shares in the company, valued at $92,767,524.37. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In related news, VP Shelley Reynolds sold 2,700 shares of Amazon.com stock in a transaction on Tuesday, May 21st. The shares were sold at an average price of $181.39, for a total value of $489,753.00. Following the transaction, the vice president now directly owns 119,780 shares in the company, valued at approximately $21,726,894.20. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Douglas J. Herrington sold 3,500 shares of the firm’s stock in a transaction on Monday, June 3rd. The shares were sold at an average price of $177.29, for a total value of $620,515.00. Following the completion of the sale, the chief executive officer now directly owns 523,253 shares of the company’s stock, valued at approximately $92,767,524.37. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 6,112,990 shares of company stock worth $1,222,250,048. Insiders own 10.80% of the company’s stock.

Institutional Investors Weigh In On Amazon.com

A number of hedge funds and other institutional investors have recently bought and sold shares of AMZN. Cooksen Wealth LLC acquired a new stake in Amazon.com in the fourth quarter valued at $30,000. Strid Group LLC acquired a new position in shares of Amazon.com during the 4th quarter worth $43,000. Harbor Investment Advisory LLC raised its stake in shares of Amazon.com by 0.7% during the 4th quarter. Harbor Investment Advisory LLC now owns 299,959 shares of the e-commerce giant’s stock worth $46,000 after buying an additional 1,988 shares during the last quarter. Clarity Asset Management Inc. acquired a new position in shares of Amazon.com during the 4th quarter worth $46,000. Finally, Bruce G. Allen Investments LLC acquired a new position in shares of Amazon.com during the 4th quarter worth $57,000. 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.