Evercore ISI Increases Amazon.com (NASDAQ:AMZN) Price Target to $225.00

Amazon.com (NASDAQ:AMZN) had its price objective hoisted by equities research analysts at Evercore ISI from $220.00 to $225.00 in a report issued on Wednesday, Benzinga reports. The firm presently has an “outperform” rating on the e-commerce giant’s stock. Evercore ISI’s target price points to a potential upside of 28.57% from the company’s current price.

AMZN has been the subject of several other reports. Piper Sandler lifted their price objective on shares of Amazon.com from $205.00 to $220.00 and gave the stock an “overweight” rating in a research note on Wednesday. BMO Capital Markets lifted their price objective on shares of Amazon.com from $205.00 to $215.00 and gave the stock an “outperform” rating in a research note on Tuesday, April 23rd. Morgan Stanley boosted their target price on shares of Amazon.com from $185.00 to $200.00 and gave the company an “overweight” rating in a research report on Friday, February 2nd. Wolfe Research boosted their target price on shares of Amazon.com from $195.00 to $205.00 and gave the company an “outperform” rating in a research report on Friday, February 2nd. Finally, Benchmark restated a “buy” rating and set a $200.00 target price on shares of Amazon.com in a research report on Wednesday, April 24th. One investment analyst has rated the stock with a hold rating, forty-four have given a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Buy” and a consensus target price of $207.13.

Amazon.com Trading Down 3.3 %

NASDAQ:AMZN opened at $175.00 on Wednesday. Amazon.com has a 12 month low of $101.15 and a 12 month high of $189.77. The firm has a fifty day simple moving average of $178.38 and a 200-day simple moving average of $159.64. The company has a current ratio of 1.05, a quick ratio of 0.84 and a debt-to-equity ratio of 0.29. The company has a market capitalization of $1.82 trillion, a P/E ratio of 60.34, a PEG ratio of 1.57 and a beta of 1.16.

Amazon.com (NASDAQ:AMZN) last posted 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 net margin of 5.29% and a return on equity of 16.61%. The business had revenue of $143.31 billion during the quarter, compared to the consensus estimate of $142.65 billion. During the same period in the previous year, the firm posted $0.31 earnings per share. The business’s revenue for the quarter was up 12.5% compared to the same quarter last year. On average, equities research analysts anticipate that Amazon.com will post 4.11 earnings per share for the current year.

Insider Buying and Selling at Amazon.com

In other Amazon.com news, CEO Adam Selipsky sold 500 shares of the firm’s stock in a transaction that occurred on Thursday, February 1st. The shares were sold at an average price of $155.72, for a total value of $77,860.00. Following the completion of the transaction, the chief executive officer now owns 116,560 shares of the company’s stock, valued at approximately $18,150,723.20. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In other news, insider Jeffrey P. Bezos sold 2,009,208 shares of Amazon.com stock in a transaction on Tuesday, February 20th. The shares were sold at an average price of $166.79, for a total transaction of $335,115,802.32. Following the completion of the sale, the insider now directly owns 938,251,817 shares of the company’s stock, valued at approximately $156,491,020,557.43. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO Adam Selipsky sold 500 shares of Amazon.com stock in a transaction on Thursday, February 1st. The stock was sold at an average price of $155.72, for a total transaction of $77,860.00. Following the sale, the chief executive officer now directly owns 116,560 shares of the company’s stock, valued at $18,150,723.20. The disclosure for this sale can be found here. Insiders sold 32,214,010 shares of company stock valued at $5,505,889,146 in the last 90 days. Company insiders own 10.30% of the company’s stock.

Institutional Investors Weigh In On Amazon.com

Several institutional investors have recently modified their holdings of AMZN. Norges Bank purchased a new stake in shares of Amazon.com during the 4th quarter worth $17,700,551,000. Vanguard Group Inc. raised its stake in Amazon.com by 4.4% during the 3rd quarter. Vanguard Group Inc. now owns 757,951,795 shares of the e-commerce giant’s stock worth $96,350,832,000 after acquiring an additional 32,038,029 shares in the last quarter. International Assets Investment Management LLC raised its stake in 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 worth $36,260,810,000 after acquiring an additional 23,717,254 shares in the last quarter. FMR LLC raised its stake in Amazon.com by 7.7% during the 3rd quarter. FMR LLC now owns 302,101,441 shares of the e-commerce giant’s stock worth $38,403,135,000 after acquiring an additional 21,649,871 shares in the last quarter. Finally, Jennison Associates LLC raised its stake in Amazon.com by 28.4% during the 3rd quarter. Jennison Associates LLC now owns 54,981,548 shares of the e-commerce giant’s stock worth $6,989,254,000 after acquiring an additional 12,176,114 shares in the last quarter. 72.20% of the stock is owned by hedge funds and other institutional investors.

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.