Amazon.com (NASDAQ:AMZN) Price Target Raised to $250.00

Amazon.com (NASDAQ:AMZN) had its price objective increased by Oppenheimer from $215.00 to $250.00 in a research report sent to investors on Friday,Benzinga reports. Oppenheimer currently has an outperform rating on the e-commerce giant’s stock.

Several other research analysts have also recently weighed in on AMZN. UBS Group reissued a “buy” rating on shares of Amazon.com in a report on Tuesday, May 6th. Citigroup reissued a “buy” rating on shares of Amazon.com in a report on Monday, June 2nd. Deutsche Bank Aktiengesellschaft lowered their price target on shares of Amazon.com from $287.00 to $206.00 and set a “buy” rating on the stock in a report on Monday, April 14th. Wells Fargo & Company lowered their target price on shares of Amazon.com from $207.00 to $203.00 and set an “equal weight” rating on the stock in a report on Tuesday, February 25th. Finally, Westpark Capital reaffirmed a “buy” rating and set a $280.00 target price on shares of Amazon.com in a report on Friday, May 2nd. Four research analysts have rated the stock with a hold rating and forty-four have assigned a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $245.53.

Amazon.com Stock Down 1.3%

Amazon.com stock opened at $209.69 on Friday. The stock has a market cap of $2.23 trillion, a P/E ratio of 34.15, a P/E/G ratio of 1.61 and a beta of 1.33. The company has a quick ratio of 0.84, a current ratio of 1.05 and a debt-to-equity ratio of 0.17. Amazon.com has a twelve month low of $151.61 and a twelve month high of $242.52. The company’s 50-day moving average price is $198.41 and its two-hundred day moving average price is $209.31.

Amazon.com (NASDAQ:AMZN) last released its quarterly earnings results on Thursday, May 1st. The e-commerce giant reported $1.59 earnings per share for the quarter, beating the consensus estimate of $1.38 by $0.21. The firm had revenue of $155.67 billion for the quarter, compared to analysts’ expectations of $154.96 billion. Amazon.com had a net margin of 10.14% and a return on equity of 24.14%. The business’s revenue was up 8.6% on a year-over-year basis. During the same period in the prior year, the firm earned $0.98 EPS. As a group, analysts expect that Amazon.com will post 6.31 EPS for the current year.

Insider Buying and Selling at Amazon.com

In related news, VP Shelley Reynolds sold 2,695 shares of the business’s stock in a transaction on Wednesday, May 21st. The shares were sold at an average price of $200.79, for a total value of $541,129.05. Following the transaction, the vice president now owns 119,780 shares in the company, valued at $24,050,626.20. The trade was a 2.20% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Douglas J. Herrington sold 2,500 shares of the business’s stock in a transaction on Tuesday, April 1st. The shares were sold at an average price of $187.99, for a total transaction of $469,975.00. Following the completion of the transaction, the chief executive officer now owns 509,474 shares in the company, valued at approximately $95,776,017.26. The trade was a 0.49% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 102,037 shares of company stock worth $20,531,075 over the last quarter. Corporate insiders own 9.70% of the company’s stock.

Hedge Funds Weigh In On Amazon.com

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Castlekeep Investment Advisors LLC bought a new stake in Amazon.com in the fourth quarter valued at $25,000. Prudent Man Investment Management Inc. bought a new stake in Amazon.com in the fourth quarter valued at $27,000. LSV Asset Management bought a new stake in Amazon.com in the fourth quarter valued at $35,000. Cooksen Wealth LLC bought a new stake in Amazon.com in the first quarter valued at $36,000. Finally, Inlight Wealth Management LLC bought a new stake in Amazon.com in the first quarter valued at $40,000. Institutional investors and hedge funds own 72.20% of the company’s stock.

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.