Amazon.com (NASDAQ:AMZN) Price Target Raised to $225.00 at Loop Capital

Amazon.com (NASDAQ:AMZN) had its target price increased by equities research analysts at Loop Capital from $215.00 to $225.00 in a research note issued to investors on Monday, Benzinga reports. The firm presently has a “buy” rating on the e-commerce giant’s stock. Loop Capital’s target price indicates a potential upside of 20.89% from the company’s previous close.

Several other brokerages have also recently commented on AMZN. Wells Fargo & Company lifted their price target on shares of Amazon.com from $217.00 to $234.00 and gave the stock an “overweight” rating in a research report on Wednesday, May 1st. Royal Bank of Canada lifted their price target on shares of Amazon.com from $180.00 to $215.00 and gave the stock an “outperform” rating in a research report on Friday, February 2nd. UBS Group lifted their price objective on shares of Amazon.com from $215.00 to $217.00 and gave the stock a “buy” rating in a research note on Wednesday, May 1st. 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, May 1st. Finally, JPMorgan Chase & Co. lifted their price objective on shares of Amazon.com from $225.00 to $240.00 and gave the stock an “overweight” rating in a research note on Wednesday, May 1st. One equities research 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.com, Amazon.com currently has a consensus rating of “Buy” and an average price target of $211.62.

Amazon.com Stock Down 0.0 %

Shares of NASDAQ:AMZN opened at $186.12 on Monday. Amazon.com has a one year low of $104.70 and a one year high of $189.77. The company has a 50 day moving average of $179.02 and a 200-day moving average of $160.75. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.07 and a quick ratio of 0.87. The stock has a market cap of $1.94 trillion, a price-to-earnings ratio of 52.22, a P/E/G ratio of 1.35 and a beta of 1.15.

Amazon.com (NASDAQ:AMZN) last issued its quarterly earnings results 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 6.38% and a return on equity of 19.86%. The company had revenue of $143.31 billion during the quarter, compared to analysts’ expectations of $142.65 billion. During the same quarter in the previous year, the company earned $0.31 EPS. Amazon.com’s revenue was up 12.5% on a year-over-year basis. On average, sell-side analysts forecast that Amazon.com will post 4.67 earnings per share for the current year.

Insider Transactions at Amazon.com

In other news, VP Shelley Reynolds sold 3,100 shares of the business’s stock in a transaction dated Wednesday, February 21st. The shares were sold at an average price of $168.97, for a total transaction of $523,807.00. Following the transaction, the vice president now directly owns 119,780 shares in the company, valued at approximately $20,239,226.60. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, VP Shelley Reynolds sold 3,100 shares of the business’s stock in a transaction dated Wednesday, February 21st. The shares were sold at an average price of $168.97, for a total transaction of $523,807.00. Following the transaction, the vice president now directly owns 119,780 shares in the company, valued at approximately $20,239,226.60. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Adam Selipsky sold 500 shares of the business’s stock in a transaction dated Thursday, March 21st. The stock was sold at an average price of $180.00, for a total transaction of $90,000.00. Following the transaction, the chief executive officer now owns 132,600 shares in the company, valued at $23,868,000. 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 ninety days. Insiders own 10.80% of the company’s stock.

Institutional Trading of Amazon.com

Hedge funds and other institutional investors have recently modified their holdings of the stock. Members Trust Co boosted its holdings in shares of Amazon.com by 8.9% during the 4th quarter. Members Trust Co now owns 4,157 shares of the e-commerce giant’s stock worth $638,000 after buying an additional 341 shares during the period. Cherrydale Wealth Management LLC boosted its holdings in Amazon.com by 14.7% in the 4th quarter. Cherrydale Wealth Management LLC now owns 5,260 shares of the e-commerce giant’s stock valued at $799,000 after purchasing an additional 675 shares during the period. Tompkins Financial Corp boosted its holdings in Amazon.com by 3.3% in the 4th quarter. Tompkins Financial Corp now owns 71,576 shares of the e-commerce giant’s stock valued at $10,875,000 after purchasing an additional 2,273 shares during the period. Nicholas Company Inc. boosted its holdings in Amazon.com by 3.9% in the 3rd quarter. Nicholas Company Inc. now owns 705,065 shares of the e-commerce giant’s stock valued at $89,628,000 after purchasing an additional 26,465 shares during the period. Finally, Nordea Investment Management AB boosted its holdings in Amazon.com by 5.4% in the 4th quarter. Nordea Investment Management AB now owns 5,397,520 shares of the e-commerce giant’s stock valued at $825,065,000 after purchasing an additional 277,631 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.