Amazon.com (NASDAQ:AMZN) Price Target Raised to $245.00 at Monness Crespi & Hardt

Amazon.com (NASDAQ:AMZN) had its price target raised by Monness Crespi & Hardt from $225.00 to $245.00 in a report issued on Friday morning, Marketbeat.com reports. The brokerage currently has a buy rating on the e-commerce giant’s stock.

Several other analysts have also recently commented on the company. Rosenblatt Securities lifted their price target on Amazon.com from $221.00 to $236.00 and gave the company a “buy” rating in a report on Friday. JPMorgan Chase & Co. decreased their target price on Amazon.com from $240.00 to $230.00 and set an “overweight” rating for the company in a report on Friday, August 2nd. Roth Mkm boosted their price objective on shares of Amazon.com from $210.00 to $215.00 and gave the stock a “buy” rating in a research note on Friday, August 2nd. Pivotal Research initiated coverage on shares of Amazon.com in a research note on Friday, October 11th. They issued a “buy” rating and a $260.00 target price on the stock. Finally, BMO Capital Markets reiterated an “outperform” rating and issued a $230.00 price target on shares of Amazon.com in a report on Thursday, September 19th. Two research analysts have rated the stock with a hold rating, forty have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $246.48.

Amazon.com Trading Down 1.1 %

Shares of Amazon.com stock opened at $195.78 on Friday. The business has a 50 day moving average price of $185.23 and a 200 day moving average price of $183.89. The company has a market capitalization of $2.05 trillion, a P/E ratio of 41.92, a P/E/G ratio of 1.42 and a beta of 1.14. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.10 and a quick ratio of 0.88. Amazon.com has a 1 year low of $138.36 and a 1 year high of $201.20.

Amazon.com (NASDAQ:AMZN) last issued its quarterly earnings results on Thursday, October 31st. The e-commerce giant reported $1.43 earnings per share for the quarter, beating the consensus estimate of $1.14 by $0.29. The company had revenue of $158.88 billion during the quarter, compared to the consensus estimate of $157.28 billion. Amazon.com had a return on equity of 23.46% and a net margin of 8.04%. Amazon.com’s revenue was up 11.0% on a year-over-year basis. During the same period in the previous year, the firm posted $0.85 EPS. Sell-side analysts anticipate that Amazon.com will post 4.84 EPS for the current fiscal year.

Insider Activity

In related news, CFO Brian T. Olsavsky sold 14,600 shares of the company’s stock in a transaction dated Wednesday, August 21st. The shares were sold at an average price of $180.00, for a total value of $2,628,000.00. Following the completion of the sale, the chief financial officer now owns 49,000 shares of the company’s stock, valued at $8,820,000. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. In related news, SVP David Zapolsky sold 2,190 shares of the firm’s stock in a transaction dated Tuesday, September 24th. The stock was sold at an average price of $195.00, for a total transaction of $427,050.00. Following the completion of the transaction, the senior vice president now owns 62,420 shares of the company’s stock, valued at $12,171,900. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CFO Brian T. Olsavsky sold 14,600 shares of the company’s stock in a transaction dated Wednesday, August 21st. The shares were sold at an average price of $180.00, for a total transaction of $2,628,000.00. Following the completion of the sale, the chief financial officer now directly owns 49,000 shares of the company’s stock, valued at $8,820,000. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 50,855 shares of company stock valued at $9,215,048. Company insiders own 10.80% of the company’s stock.

Institutional Trading of Amazon.com

A number of large investors have recently added to or reduced their stakes in the business. PayPay Securities Corp boosted its position in shares of Amazon.com by 64.6% in the 2nd quarter. PayPay Securities Corp now owns 163 shares of the e-commerce giant’s stock valued at $32,000 after purchasing an additional 64 shares during the period. Hoese & Co LLP acquired a new stake in Amazon.com during the 3rd quarter worth about $37,000. Bull Oak Capital LLC purchased a new stake in Amazon.com during the third quarter valued at about $45,000. Values First Advisors Inc. acquired a new position in shares of Amazon.com in the third quarter worth about $56,000. Finally, Christopher J. Hasenberg Inc increased its position in shares of Amazon.com by 650.0% in the second quarter. Christopher J. Hasenberg Inc now owns 300 shares of the e-commerce giant’s stock worth $58,000 after acquiring an additional 260 shares in 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.