BMO Capital Markets Boosts Amazon.com (NASDAQ:AMZN) Price Target to $215.00

Amazon.com (NASDAQ:AMZN) had its price objective increased by BMO Capital Markets from $205.00 to $215.00 in a research note issued to investors on Tuesday, Benzinga reports. The firm currently has an outperform rating on the e-commerce giant’s stock.

Other equities analysts have also recently issued research reports about the company. Oppenheimer raised their price target on Amazon.com from $200.00 to $210.00 and gave the company an outperform rating in a report on Friday, February 2nd. Morgan Stanley raised their target price on Amazon.com from $185.00 to $200.00 and gave the stock an overweight rating in a report on Friday, February 2nd. Monness Crespi & Hardt raised their target price on Amazon.com from $170.00 to $215.00 and gave the stock a buy rating in a report on Friday, February 2nd. Evercore ISI raised their target price on Amazon.com from $195.00 to $220.00 and gave the stock an outperform rating in a report on Friday, February 2nd. Finally, Truist Financial raised their target price on Amazon.com from $195.00 to $216.00 and gave the stock a buy rating in a report on Wednesday, April 17th. One research analyst has rated the stock with a hold rating, forty-four have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of Buy and an average price target of $205.13.

Amazon.com Stock Performance

Shares of NASDAQ AMZN opened at $179.62 on Tuesday. The business has a fifty day simple moving average of $177.99 and a 200 day simple moving average of $158.59. The company has a current ratio of 1.05, a quick ratio of 0.84 and a debt-to-equity ratio of 0.29. The firm has a market capitalization of $1.87 trillion, a price-to-earnings ratio of 61.94, a PEG ratio of 1.53 and a beta of 1.16. Amazon.com has a one year low of $101.15 and a one year high of $189.77.

Amazon.com (NASDAQ:AMZN) last released its quarterly earnings data on Thursday, February 1st. The e-commerce giant reported $1.00 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.81 by $0.19. Amazon.com had a return on equity of 16.61% and a net margin of 5.29%. The firm had revenue of $169.96 billion during the quarter, compared to analyst estimates of $165.96 billion. During the same period in the prior year, the company posted $0.21 earnings per share. The business’s revenue for the quarter was up 13.9% compared to the same quarter last year. Sell-side analysts expect that Amazon.com will post 4.1 EPS for the current year.

Insider Activity

In other news, CEO Adam Selipsky sold 500 shares of the stock in a transaction dated Thursday, February 1st. The stock was sold at an average price of $155.72, for a total value of $77,860.00. Following the completion of the sale, the chief executive officer now owns 116,560 shares of the company’s stock, valued at $18,150,723.20. The sale was disclosed in a legal filing with the SEC, which is available at this link. In related news, VP Shelley Reynolds sold 3,100 shares of the company’s stock in a transaction dated Wednesday, February 21st. The stock was sold at an average price of $168.97, for a total transaction of $523,807.00. Following the sale, the vice president now owns 119,780 shares in the company, valued at approximately $20,239,226.60. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO Adam Selipsky sold 500 shares of the company’s stock in a transaction dated Thursday, February 1st. The shares were sold at an average price of $155.72, for a total value of $77,860.00. Following the sale, the chief executive officer now owns 116,560 shares in the company, valued at approximately $18,150,723.20. The disclosure for this sale can be found here. Over the last quarter, insiders sold 32,214,010 shares of company stock valued at $5,505,889,146. Company insiders own 10.30% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in AMZN. Ridgecrest Wealth Partners LLC increased its position in shares of 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 worth $1,399,000 after acquiring an additional 56 shares in the last quarter. Stordahl Capital Management Inc. lifted its position in Amazon.com by 2.1% in the 1st quarter. Stordahl Capital Management Inc. now owns 2,763 shares of the e-commerce giant’s stock valued at $498,000 after purchasing an additional 56 shares during the last quarter. Echo45 Advisors LLC lifted its position in Amazon.com by 0.9% in the 1st quarter. Echo45 Advisors LLC now owns 6,619 shares of the e-commerce giant’s stock valued at $1,194,000 after purchasing an additional 59 shares during the last quarter. ShoreHaven Wealth Partners LLC lifted its position in Amazon.com by 1.9% in the 4th quarter. ShoreHaven Wealth Partners LLC now owns 3,234 shares of the e-commerce giant’s stock valued at $491,000 after purchasing an additional 60 shares during the last quarter. Finally, Boyd Wealth Management LLC increased its stake in Amazon.com by 1.7% during the 1st quarter. Boyd Wealth Management LLC now owns 3,655 shares of the e-commerce giant’s stock valued at $659,000 after buying an additional 60 shares during the period. Institutional investors own 72.20% of the company’s stock.

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.