Amazon.com (NASDAQ:AMZN) PT Raised to $265.00

Amazon.com (NASDAQ:AMZN) had its target price boosted by equities research analysts at Truist Financial from $230.00 to $265.00 in a research report issued to clients and investors on Monday, Benzinga reports. The brokerage currently has a “buy” rating on the e-commerce giant’s stock. Truist Financial’s target price would suggest a potential upside of 41.74% from the stock’s previous close.

Other research analysts have also recently issued reports about the stock. UBS Group increased their price objective on shares of Amazon.com from $217.00 to $224.00 and gave the company a “buy” rating in a report on Tuesday, July 30th. JPMorgan Chase & Co. lowered their price target on Amazon.com from $240.00 to $230.00 and set an “overweight” rating on the stock in a research report on Friday, August 2nd. Roth Mkm boosted their price objective on Amazon.com from $210.00 to $215.00 and gave the stock a “buy” rating in a research note on Friday, August 2nd. Bank of America lowered their target price on Amazon.com from $220.00 to $210.00 and set a “buy” rating on the stock in a report on Friday, August 2nd. Finally, Piper Sandler cut their price target on shares of Amazon.com from $220.00 to $215.00 and set an “overweight” rating for the company in a report on Friday, August 2nd. One research analyst has rated the stock with a hold rating, forty-one have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Buy” and a consensus target price of $223.65.

Amazon.com Stock Performance

Shares of NASDAQ AMZN traded down $1.01 during midday trading on Monday, hitting $186.96. 6,225,695 shares of the company’s stock were exchanged, compared to its average volume of 41,971,816. Amazon.com has a twelve month low of $118.35 and a twelve month high of $201.20. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.10 and a quick ratio of 0.88. The firm has a market cap of $1.95 trillion, a P/E ratio of 52.53, a PEG ratio of 1.46 and a beta of 1.14. The stock’s 50 day moving average price is $178.92 and its 200-day moving average price is $182.68.

Amazon.com (NASDAQ:AMZN) last released its quarterly earnings results on Thursday, August 1st. The e-commerce giant reported $1.23 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.05 by $0.18. The company had revenue of $147.98 billion during the quarter, compared to analysts’ expectations of $148.63 billion. Amazon.com had a return on equity of 21.39% and a net margin of 7.35%. Equities research analysts anticipate that Amazon.com will post 4.86 EPS for the current year.

Insiders Place Their Bets

In other news, insider Jeffrey P. Bezos sold 1,463,437 shares of the business’s stock in a transaction that occurred on Tuesday, July 2nd. The stock was sold at an average price of $200.08, for a total transaction of $292,804,474.96. Following the sale, the insider now directly owns 935,211,842 shares in the company, valued at $187,117,185,347.36. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. In other Amazon.com news, CFO Brian T. Olsavsky sold 14,600 shares of the stock in a transaction on Wednesday, August 21st. The stock was sold at an average price of $180.00, for a total transaction of $2,628,000.00. Following the completion of the transaction, the chief financial officer now directly owns 49,000 shares in the company, valued at $8,820,000. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Jeffrey P. Bezos sold 1,463,437 shares of the firm’s stock in a transaction that occurred on Tuesday, July 2nd. The stock was sold at an average price of $200.08, for a total transaction of $292,804,474.96. Following the sale, the insider now directly owns 935,211,842 shares of the company’s stock, valued at approximately $187,117,185,347.36. The disclosure for this sale can be found here. Insiders have sold a total of 6,098,297 shares of company stock valued at $1,219,443,957 in the last three months. Company insiders own 10.80% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of AMZN. Garrison Point Advisors LLC raised its holdings in Amazon.com by 0.3% during the 1st quarter. Garrison Point Advisors LLC now owns 20,375 shares of the e-commerce giant’s stock worth $3,675,000 after purchasing an additional 55 shares during the last quarter. Meridian Investment Counsel Inc. raised its stake in shares of Amazon.com by 1.8% during the second quarter. Meridian Investment Counsel Inc. now owns 3,076 shares of the e-commerce giant’s stock worth $594,000 after buying an additional 55 shares during the last quarter. Ridgecrest Wealth Partners LLC lifted its holdings in Amazon.com by 0.7% in the first quarter. Ridgecrest Wealth Partners LLC now owns 7,755 shares of the e-commerce giant’s stock valued at $1,399,000 after buying an additional 56 shares during the period. Stordahl Capital Management Inc. boosted its stake in Amazon.com by 2.1% in the first quarter. Stordahl Capital Management Inc. now owns 2,763 shares of the e-commerce giant’s stock valued at $498,000 after acquiring an additional 56 shares during the last quarter. Finally, Lutz Financial Services LLC grew its holdings in Amazon.com by 1.9% during the 1st quarter. Lutz Financial Services LLC now owns 3,053 shares of the e-commerce giant’s stock worth $551,000 after acquiring an additional 57 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.