Amazon.com (NASDAQ:AMZN) Price Target Raised to $275.00 at Loop Capital

Amazon.com (NASDAQ:AMZN) had its target price hoisted by Loop Capital from $225.00 to $275.00 in a research note published on Wednesday morning, Benzinga reports. The firm currently has a buy rating on the e-commerce giant’s stock.

Several other equities analysts have also recently weighed in on the company. Bank of America raised their price objective on Amazon.com from $210.00 to $230.00 and gave the company a “buy” rating in a research note on Friday, November 1st. JPMorgan Chase & Co. raised their price target on shares of Amazon.com from $230.00 to $250.00 and gave the company an “overweight” rating in a research report on Friday, November 1st. Barclays upped their price objective on shares of Amazon.com from $220.00 to $235.00 and gave the stock an “overweight” rating in a research report on Friday, August 2nd. Wedbush lifted their target price on shares of Amazon.com from $225.00 to $250.00 and gave the stock an “outperform” rating in a research report on Friday, November 1st. Finally, Morgan Stanley boosted their target price on Amazon.com from $210.00 to $230.00 and gave the stock an “overweight” rating in a research note on Monday. Two 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’s stock. According to MarketBeat, Amazon.com currently has a consensus rating of “Moderate Buy” and a consensus price target of $234.55.

Amazon.com Trading Up 3.8 %

NASDAQ:AMZN opened at $207.09 on Wednesday. Amazon.com has a one year low of $139.52 and a one year high of $207.55. The company has a market cap of $2.18 trillion, a PE ratio of 44.34, a PEG ratio of 1.46 and a beta of 1.14. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.09 and a quick ratio of 0.87. The firm has a 50-day moving average of $186.48 and a 200-day moving average of $184.23.

Amazon.com (NASDAQ:AMZN) last issued its quarterly earnings data on Thursday, October 31st. The e-commerce giant reported $1.43 EPS for the quarter, topping analysts’ consensus estimates of $1.14 by $0.29. Amazon.com had a return on equity of 22.41% and a net margin of 8.04%. The firm had revenue of $158.88 billion during the quarter, compared to analyst estimates of $157.28 billion. During the same period in the previous year, the company posted $0.85 EPS. The company’s revenue for the quarter was up 11.0% on a year-over-year basis. As a group, equities research analysts expect that Amazon.com will post 4.98 EPS for the current fiscal year.

Insider Buying and Selling at Amazon.com

In other news, SVP David Zapolsky sold 2,190 shares of the firm’s stock in a transaction that occurred on Tuesday, September 24th. The shares were sold at an average price of $195.00, for a total value of $427,050.00. Following the transaction, the senior vice president now owns 62,420 shares in the company, valued at approximately $12,171,900. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. In other Amazon.com news, SVP David Zapolsky sold 2,190 shares of the business’s stock in a transaction dated Tuesday, September 24th. The shares were sold at an average price of $195.00, for a total value of $427,050.00. Following the transaction, the senior vice president now owns 62,420 shares in the company, valued at approximately $12,171,900. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Andrew R. Jassy sold 20,784 shares of the stock in a transaction dated Wednesday, August 21st. The stock was sold at an average price of $180.77, for a total transaction of $3,757,123.68. Following the sale, the chief executive officer now owns 2,056,534 shares of the company’s stock, valued at approximately $371,759,651.18. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 55,859 shares of company stock worth $10,215,097. 10.80% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Amazon.com

A number of large investors have recently made changes to their positions in the business. Park Place Capital Corp boosted its position in Amazon.com by 3.2% during the 1st quarter. Park Place Capital Corp now owns 19,857 shares of the e-commerce giant’s stock valued at $3,582,000 after acquiring an additional 616 shares in the last quarter. Consilio Wealth Advisors LLC grew its stake in Amazon.com by 9.8% in the first quarter. Consilio Wealth Advisors LLC now owns 49,895 shares of the e-commerce giant’s stock worth $9,000,000 after purchasing an additional 4,462 shares during the period. WESPAC Advisors SoCal LLC raised its holdings in Amazon.com by 2.5% in the first quarter. WESPAC Advisors SoCal LLC now owns 93,564 shares of the e-commerce giant’s stock worth $16,877,000 after purchasing an additional 2,298 shares in the last quarter. Steele Capital Management Inc. raised its holdings in Amazon.com by 1.2% in the first quarter. Steele Capital Management Inc. now owns 68,663 shares of the e-commerce giant’s stock worth $12,385,000 after purchasing an additional 835 shares in the last quarter. Finally, Stordahl Capital Management Inc. lifted its position in Amazon.com by 2.1% during the first quarter. Stordahl Capital Management Inc. now owns 2,763 shares of the e-commerce giant’s stock valued at $498,000 after buying an additional 56 shares during the period. 72.20% of the stock is currently 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.