Robert W. Baird Boosts Amazon.com (NASDAQ:AMZN) Price Target to $210.00

Amazon.com (NASDAQ:AMZN) had its price target upped by Robert W. Baird from $205.00 to $210.00 in a report issued on Wednesday, Benzinga reports. Robert W. Baird currently has an outperform rating on the e-commerce giant’s stock.

A number of other analysts also recently weighed in on AMZN. Moffett Nathanson reissued a buy rating and set a $228.00 target price on shares of Amazon.com in a research report on Thursday, April 11th. DA Davidson reissued a buy rating and set a $235.00 target price on shares of Amazon.com in a research note on Thursday, April 18th. Canaccord Genuity Group upped their price target on shares of Amazon.com from $185.00 to $200.00 and gave the company a buy rating in a research report on Friday, February 2nd. Raymond James increased their price target on Amazon.com from $185.00 to $200.00 and gave the stock a strong-buy rating in a report on Friday, February 2nd. Finally, Piper Sandler boosted their price objective on Amazon.com from $185.00 to $205.00 and gave the company an overweight rating in a research note on Friday, February 2nd. One analyst has rated the stock with a hold rating, forty-four have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, Amazon.com currently has a consensus rating of Buy and a consensus price target of $211.07.

Amazon.com Stock Performance

Shares of Amazon.com stock opened at $186.21 on Wednesday. The company’s 50 day moving average price is $178.79 and its two-hundred day moving average price is $159.95. The firm has a market capitalization of $1.93 trillion, a P/E ratio of 52.16, a P/E/G ratio of 1.55 and a beta of 1.15. Amazon.com has a fifty-two week low of $103.31 and a fifty-two week high of $189.77. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.07 and a quick ratio of 0.84.

Amazon.com (NASDAQ:AMZN) last issued its earnings results 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 return on equity of 19.86% and a net margin of 6.38%. The business had revenue of $143.31 billion during the quarter, compared to analysts’ expectations of $142.65 billion. During the same quarter in the prior year, the firm earned $0.31 EPS. The business’s revenue for the quarter was up 12.5% compared to the same quarter last year. On average, equities analysts forecast that Amazon.com will post 4.12 earnings per share for the current fiscal year.

Insider Buying and Selling at Amazon.com

In related news, insider Jeffrey P. Bezos sold 5,998,849 shares of Amazon.com stock in a transaction on Wednesday, February 7th. The shares were sold at an average price of $170.16, for a total transaction of $1,020,764,145.84. Following the transaction, the insider now owns 982,252,968 shares in the company, valued at approximately $167,140,165,034.88. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. In other Amazon.com news, insider Jeffrey P. Bezos sold 5,998,849 shares of the stock in a transaction that occurred on Wednesday, February 7th. The shares were sold at an average price of $170.16, for a total transaction of $1,020,764,145.84. Following the completion of the sale, the insider now directly owns 982,252,968 shares of the company’s stock, valued at approximately $167,140,165,034.88. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Douglas J. Herrington sold 20,200 shares of Amazon.com stock in a transaction on Wednesday, February 7th. The shares were sold at an average price of $169.99, for a total transaction of $3,433,798.00. Following the completion of the sale, the chief executive officer now owns 514,131 shares in the company, valued at $87,397,128.69. The disclosure for this sale can be found here. Insiders have sold 32,217,010 shares of company stock valued at $5,506,442,301 over the last 90 days. 10.80% of the stock is currently owned by corporate insiders.

Institutional Trading of Amazon.com

A number of large investors have recently added to or reduced their stakes in AMZN. Norges Bank purchased a new stake in Amazon.com during the 4th quarter valued at $17,700,551,000. Vanguard Group Inc. increased its position in Amazon.com by 4.4% during the third quarter. Vanguard Group Inc. now owns 757,951,795 shares of the e-commerce giant’s stock valued at $96,350,832,000 after acquiring an additional 32,038,029 shares during the last quarter. International Assets Investment Management LLC raised its stake in shares of Amazon.com by 16,029.3% in the fourth 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 period. FMR LLC lifted its holdings in shares of Amazon.com by 7.7% in 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 during the last quarter. Finally, Jennison Associates LLC boosted its stake in shares of 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 purchasing an additional 12,176,114 shares during the period. Institutional investors 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.