Amazon.com (NASDAQ:AMZN) Price Target Increased to $205.00 by Analysts at Argus

Amazon.com (NASDAQ:AMZN) had its target price upped by Argus from $185.00 to $205.00 in a research report released on Thursday morning, Benzinga reports. Argus currently has a buy rating on the e-commerce giant’s stock.

A number of other equities research analysts also recently weighed in on the company. Moffett Nathanson reaffirmed a buy rating and issued a $228.00 target price on shares of Amazon.com in a report on Thursday, April 11th. Truist Financial lifted their target price on Amazon.com from $216.00 to $220.00 and gave the company a buy rating in a research report on Wednesday, May 1st. Robert W. Baird increased their target price on shares of Amazon.com from $205.00 to $210.00 and gave the stock an outperform rating in a report on Wednesday, May 1st. Oppenheimer lifted their price target on shares of Amazon.com from $210.00 to $220.00 and gave the company an outperform rating in a report on Wednesday, May 1st. Finally, Barclays increased their price objective on shares of Amazon.com from $220.00 to $230.00 and gave the company an overweight rating in a research note on Wednesday, May 1st. One research analyst has rated the stock with a hold rating, forty-four have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of Buy and a consensus target price of $211.07.

Amazon.com Stock Performance

AMZN opened at $186.21 on Thursday. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.84 and a current ratio of 1.07. Amazon.com has a 52-week low of $103.31 and a 52-week high of $189.77. The firm has a market cap of $1.94 trillion, a P/E ratio of 52.16, a price-to-earnings-growth ratio of 1.38 and a beta of 1.15. The business’s fifty day moving average is $179.02 and its 200-day moving average is $160.75.

Amazon.com (NASDAQ:AMZN) last announced 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. The firm had revenue of $143.31 billion for the quarter, compared to the consensus estimate of $142.65 billion. Amazon.com had a net margin of 6.38% and a return on equity of 19.86%. The business’s revenue for the quarter was up 12.5% on a year-over-year basis. During the same period in the prior year, the company posted $0.31 earnings per share. Sell-side analysts expect that Amazon.com will post 4.67 EPS for the current fiscal year.

Insider Activity at Amazon.com

In other Amazon.com news, CEO Adam Selipsky sold 500 shares of Amazon.com stock in a transaction on Thursday, April 4th. The shares were sold at an average price of $184.00, for a total value of $92,000.00. Following the completion of the sale, the chief executive officer now directly owns 131,600 shares of the company’s stock, valued at $24,214,400. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. In related news, VP Shelley Reynolds sold 3,100 shares of Amazon.com stock in a transaction on Wednesday, February 21st. The shares were sold at an average price of $168.97, for a total value of $523,807.00. Following the completion of the sale, the vice president now owns 119,780 shares of the company’s stock, valued at approximately $20,239,226.60. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, CEO Adam Selipsky sold 500 shares of the company’s stock in a transaction on Thursday, April 4th. The stock was sold at an average price of $184.00, for a total transaction of $92,000.00. Following the transaction, the chief executive officer now owns 131,600 shares in the company, valued at approximately $24,214,400. The disclosure for this sale can be found here. Insiders have sold 32,217,010 shares of company stock worth $5,506,442,301 in the last quarter. Company insiders own 10.80% of the company’s stock.

Institutional Investors Weigh In On Amazon.com

Hedge funds and other institutional investors have recently made changes to their positions in the business. Cooksen Wealth LLC purchased a new stake in shares of Amazon.com in the fourth quarter worth approximately $30,000. PayPay Securities Corp raised its position in Amazon.com by 54.3% in the 3rd quarter. PayPay Securities Corp now owns 267 shares of the e-commerce giant’s stock valued at $34,000 after buying an additional 94 shares during the last quarter. E Fund Management Hong Kong Co. Ltd. lifted its stake 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 valued at $42,000 after acquiring an additional 86 shares in the last quarter. Strid Group LLC purchased a new position in Amazon.com during the 4th quarter worth $43,000. Finally, Clarity Asset Management Inc. bought a new stake in shares of Amazon.com in the 4th quarter worth $46,000. 72.20% of the stock is owned by institutional investors.

Amazon.com Company Profile

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.