Amazon.com (NASDAQ:AMZN) Price Target Raised to $4,200.00 at Morgan Stanley

Amazon.com (NASDAQ:AMZN) had its price objective raised by Morgan Stanley from $4,000.00 to $4,200.00 in a research note issued to investors on Tuesday, Analyst Price Targets reports. They currently have an overweight rating on the e-commerce giant’s stock.

Other research analysts have also recently issued research reports about the stock. Evercore ISI initiated coverage on shares of Amazon.com in a research report on Tuesday, December 21st. They issued an outperform rating for the company. Benchmark dropped their price objective on shares of Amazon.com from $4,400.00 to $4,000.00 and set a buy rating for the company in a research report on Friday, October 29th. Truist upped their target price on shares of Amazon.com from $3,800.00 to $4,000.00 and gave the company a buy rating in a research report on Friday, October 29th. Barclays dropped their target price on shares of Amazon.com from $4,130.00 to $3,800.00 and set an overweight rating for the company in a research report on Friday, October 29th. Finally, Citigroup dropped their target price on shares of Amazon.com from $4,175.00 to $4,100.00 and set a buy rating for the company in a research report on Tuesday, November 2nd. Forty investment analysts have rated the stock with a buy rating, According to data from MarketBeat, the stock has a consensus rating of Buy and a consensus price target of $4,201.88.

AMZN stock opened at $3,242.76 on Tuesday. The company has a debt-to-equity ratio of 0.42, a current ratio of 1.12 and a quick ratio of 0.87. The company has a 50 day moving average price of $3,438.21 and a 200 day moving average price of $3,427.83. Amazon.com has a fifty-two week low of $2,881.00 and a fifty-two week high of $3,773.08. The stock has a market capitalization of $1.64 trillion, a PE ratio of 63.43, a price-to-earnings-growth ratio of 2.69 and a beta of 1.10.

Amazon.com (NASDAQ:AMZN) last posted its quarterly earnings data on Wednesday, October 27th. The e-commerce giant reported $6.12 earnings per share for the quarter, missing the consensus estimate of $9.10 by ($2.98). Amazon.com had a return on equity of 24.31% and a net margin of 5.73%. The company had revenue of $110.81 billion during the quarter, compared to the consensus estimate of $111.66 billion. During the same quarter last year, the firm earned $12.37 EPS. The business’s revenue for the quarter was up 15.3% on a year-over-year basis. As a group, equities analysts expect that Amazon.com will post 40.79 earnings per share for the current fiscal year.

In other news, CEO Adam Selipsky sold 34 shares of the stock in a transaction dated Wednesday, January 5th. The shares were sold at an average price of $3,337.66, for a total transaction of $113,480.44. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, SVP David Zapolsky sold 954 shares of the stock in a transaction dated Monday, November 15th. The stock was sold at an average price of $3,537.00, for a total transaction of $3,374,298.00. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 86,314 shares of company stock valued at $292,824,570. Company insiders own 14.00% of the company’s stock.

Hedge funds have recently modified their holdings of the company. Sphinx Trading LP bought a new stake in shares of Amazon.com in the 3rd quarter valued at about $30,000. Lion Street Advisors LLC bought a new stake in shares of Amazon.com in the 2nd quarter valued at about $52,000. Lountzis Asset Management LLC raised its holdings in shares of Amazon.com by 60.0% in the 3rd quarter. Lountzis Asset Management LLC now owns 16 shares of the e-commerce giant’s stock valued at $53,000 after purchasing an additional 6 shares during the period. True Link Financial Advisors LLC bought a new stake in shares of Amazon.com in the 2nd quarter valued at about $72,000. Finally, Dark Forest Capital Management LP bought a new stake in shares of Amazon.com in the 2nd quarter valued at about $96,000. 56.96% of the stock is currently owned by institutional investors.

Amazon.com Company Profile

Amazon.com, Inc engages in the provision of online retail shopping services. It operates through the following business segments: North America, International, and Amazon Web Services (AWS). The North America segment includes retail sales of consumer products and subscriptions through North America-focused websites such as www.amazon.com and www.amazon.ca.

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