Amazon.com (NASDAQ:AMZN) PT Raised to $235.00 at Citigroup

Amazon.com (NASDAQ:AMZN) had its price target boosted by Citigroup from $215.00 to $235.00 in a report released on Wednesday, Benzinga reports. The brokerage currently has a buy rating on the e-commerce giant’s stock.

A number of other equities analysts also recently commented on AMZN. Deutsche Bank Aktiengesellschaft upped their target price on shares of Amazon.com from $175.00 to $200.00 and gave the stock a buy rating in a research note on Friday, February 2nd. TD Cowen upped their target price on shares of Amazon.com from $200.00 to $225.00 and gave the stock an outperform rating in a research note on Friday, February 2nd. Truist Financial upped their target price on shares of Amazon.com from $195.00 to $216.00 and gave the stock a buy rating in a research note on Wednesday, April 17th. Robert W. Baird upped their target price on shares of Amazon.com from $185.00 to $205.00 and gave the stock an outperform rating in a research note on Friday, February 2nd. Finally, Wedbush upped their target price on shares of Amazon.com from $220.00 to $225.00 and gave the stock an outperform rating in a research note on Wednesday. One equities research analyst has rated the stock with a hold rating, forty-four have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, Amazon.com currently has a consensus rating of Buy and a consensus price target of $205.13.

Amazon.com Stock Performance

Amazon.com stock opened at $179.62 on Wednesday. The company has a debt-to-equity ratio of 0.29, a current ratio of 1.05 and a quick ratio of 0.84. Amazon.com has a 1-year low of $101.15 and a 1-year high of $189.77. The firm has a market capitalization of $1.87 trillion, a P/E ratio of 61.94, a price-to-earnings-growth ratio of 1.50 and a beta of 1.16. The company’s 50-day moving average is $177.99 and its 200 day moving average is $158.79.

Amazon.com (NASDAQ:AMZN) last posted its quarterly earnings data on Thursday, February 1st. The e-commerce giant reported $1.00 earnings per share for the quarter, topping analysts’ consensus estimates of $0.81 by $0.19. Amazon.com had a net margin of 5.29% and a return on equity of 16.61%. The company had revenue of $169.96 billion for the quarter, compared to analyst estimates of $165.96 billion. During the same period in the prior year, the company posted $0.21 EPS. The firm’s revenue for the quarter was up 13.9% on a year-over-year basis. Research analysts forecast that Amazon.com will post 4.11 EPS for the current year.

Insiders Place Their Bets

In related news, CEO Adam Selipsky sold 500 shares of the firm’s stock in a transaction on Thursday, April 18th. The shares were sold at an average price of $181.38, for a total transaction of $90,690.00. Following the completion of the transaction, the chief executive officer now owns 130,600 shares of the company’s stock, valued at $23,688,228. The sale was disclosed in a filing with the SEC, which is available at the SEC website. In related news, VP Shelley Reynolds sold 3,100 shares of the firm’s stock in a transaction on Wednesday, February 21st. The shares were sold at an average price of $168.97, for a total transaction of $523,807.00. Following the completion of the transaction, the vice president now owns 119,780 shares of the company’s stock, valued at $20,239,226.60. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO Adam Selipsky sold 500 shares of the firm’s stock in a transaction on Thursday, April 18th. The stock was sold at an average price of $181.38, for a total transaction of $90,690.00. Following the transaction, the chief executive officer now directly owns 130,600 shares of the company’s stock, valued at approximately $23,688,228. 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. Insiders own 10.30% of the company’s stock.

Institutional Trading of Amazon.com

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. James Hambro & Partners grew its position in Amazon.com by 5.0% during the first quarter. James Hambro & Partners now owns 577,892 shares of the e-commerce giant’s stock valued at $104,154,000 after buying an additional 27,365 shares during the period. Tenon Financial LLC acquired a new stake in Amazon.com during the first quarter valued at $806,000. Glass Jacobson Investment Advisors llc grew its position in Amazon.com by 1.1% during the first quarter. Glass Jacobson Investment Advisors llc now owns 7,397 shares of the e-commerce giant’s stock valued at $1,334,000 after buying an additional 84 shares during the period. Phoenix Wealth Advisors grew its position in Amazon.com by 2.0% during the first quarter. Phoenix Wealth Advisors now owns 3,509 shares of the e-commerce giant’s stock valued at $633,000 after buying an additional 70 shares during the period. Finally, Nadler Financial Group Inc. grew its position in Amazon.com by 0.7% during the first quarter. Nadler Financial Group Inc. now owns 39,369 shares of the e-commerce giant’s stock valued at $7,101,000 after buying an additional 264 shares during the period. Institutional investors and hedge funds 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.