Mizuho Raises Amazon.com (NASDAQ:AMZN) Price Target to $240.00

Amazon.com (NASDAQ:AMZN) had its price objective hoisted by Mizuho from $230.00 to $240.00 in a report published on Wednesday morning, Benzinga reports. The firm currently has a buy rating on the e-commerce giant’s stock.

Several other research firms have also commented on AMZN. The Goldman Sachs Group increased their price target on shares of Amazon.com from $200.00 to $220.00 and gave the company a buy rating in a research report on Friday, February 2nd. Wolfe Research raised their price target on Amazon.com from $195.00 to $205.00 and gave the stock an outperform rating in a research report on Friday, February 2nd. UBS Group boosted their price target on Amazon.com from $198.00 to $215.00 and gave the stock a buy rating in a report on Thursday, April 25th. Morgan Stanley increased their price objective on Amazon.com from $185.00 to $200.00 and gave the company an overweight rating in a research note on Friday, February 2nd. Finally, Maxim Group initiated coverage on Amazon.com in a research report on Wednesday, April 17th. They set a buy rating and a $218.00 price objective for the company. One research 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 company’s stock. According to data from MarketBeat.com, Amazon.com presently has an average rating of Buy and an average price target of $211.07.

Amazon.com Stock Performance

Shares of AMZN stock opened at $186.21 on Wednesday. The stock has a fifty day moving average price of $179.02 and a 200 day moving average price of $160.32. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.84 and a current ratio of 1.07. The stock has a market cap of $1.94 trillion, a PE ratio of 52.16, a P/E/G ratio of 1.37 and a beta of 1.15. Amazon.com has a 1 year low of $103.31 and a 1 year high of $189.77.

Amazon.com (NASDAQ:AMZN) last released its quarterly earnings results on Tuesday, April 30th. The e-commerce giant reported $0.98 earnings per share (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 during the quarter, compared to the consensus estimate of $142.65 billion. During the same quarter in the previous year, the company posted $0.31 EPS. The business’s revenue was up 12.5% on a year-over-year basis. Sell-side analysts forecast that Amazon.com will post 4.55 earnings per share for the current fiscal year.

Insider Buying and Selling at Amazon.com

In related news, CEO Adam Selipsky sold 500 shares of Amazon.com stock in a transaction on Thursday, March 21st. The shares were sold at an average price of $180.00, for a total transaction of $90,000.00. Following the sale, the chief executive officer now owns 132,600 shares of the company’s stock, valued at approximately $23,868,000. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. In other Amazon.com news, CEO Adam Selipsky sold 500 shares of the firm’s stock in a transaction that occurred on Thursday, March 21st. The stock was sold at an average price of $180.00, for a total transaction of $90,000.00. Following the completion of the sale, the chief executive officer now owns 132,600 shares in the company, valued at approximately $23,868,000. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, insider Jeffrey P. Bezos sold 5,998,849 shares of Amazon.com stock in a transaction that occurred on Wednesday, February 7th. The stock was sold at an average price of $170.16, for a total value of $1,020,764,145.84. Following the sale, the insider now owns 982,252,968 shares in the company, valued at $167,140,165,034.88. The disclosure for this sale can be found here. Insiders 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 owned by corporate insiders.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the stock. Cooksen Wealth LLC acquired a new position in Amazon.com in the fourth quarter worth about $30,000. PayPay Securities Corp lifted its holdings in Amazon.com by 54.3% during the 3rd quarter. PayPay Securities Corp now owns 267 shares of the e-commerce giant’s stock worth $34,000 after buying an additional 94 shares during the last quarter. E Fund Management Hong Kong Co. Ltd. lifted its holdings 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 worth $42,000 after buying an additional 86 shares during the last quarter. Strid Group LLC acquired a new position in shares of Amazon.com in the 4th quarter worth approximately $43,000. Finally, Harbor Investment Advisory LLC increased its holdings in shares of Amazon.com by 0.7% in the 4th quarter. Harbor Investment Advisory LLC now owns 299,959 shares of the e-commerce giant’s stock valued at $46,000 after acquiring an additional 1,988 shares during the last quarter. 72.20% of the stock is currently owned by 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.