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

Amazon.com (NASDAQ:AMZN) had its target price increased by Roth Mkm from $220.00 to $250.00 in a research note issued to investors on Monday,Benzinga reports. They currently have a buy rating on the e-commerce giant’s stock.

Several other equities analysts have also commented on the company. JPMorgan Chase & Co. upped their target price on Amazon.com from $230.00 to $250.00 and gave the company an “overweight” rating in a research note on Friday, November 1st. The Goldman Sachs Group upped their price objective on shares of Amazon.com from $230.00 to $240.00 and gave the company a “buy” rating in a research note on Friday, November 1st. Bank of America increased their price objective on shares of Amazon.com from $210.00 to $230.00 and gave the stock a “buy” rating in a report on Friday, November 1st. Benchmark boosted their target price on shares of Amazon.com from $200.00 to $215.00 and gave the company a “buy” rating in a report on Friday, November 1st. Finally, Redburn Atlantic upped their price target on shares of Amazon.com from $225.00 to $235.00 and gave the stock a “buy” rating in a research report on Tuesday, November 26th. Two investment analysts have rated the stock with a hold rating, forty-one have given a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $236.98.

Amazon.com Stock Performance

Shares of NASDAQ AMZN opened at $226.09 on Monday. The company has a 50-day simple moving average of $198.19 and a 200-day simple moving average of $188.47. 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 company has a market cap of $2.38 trillion, a PE ratio of 48.41, a price-to-earnings-growth ratio of 1.52 and a beta of 1.16. Amazon.com has a 12 month low of $143.64 and a 12 month high of $230.08.

Amazon.com (NASDAQ:AMZN) last released its earnings results on Thursday, October 31st. The e-commerce giant reported $1.43 EPS for the quarter, topping the consensus estimate of $1.14 by $0.29. The firm had revenue of $158.88 billion during the quarter, compared to analysts’ expectations of $157.28 billion. Amazon.com had a net margin of 8.04% and a return on equity of 22.41%. Amazon.com’s revenue for the quarter was up 11.0% on a year-over-year basis. During the same period in the previous year, the company earned $0.85 EPS. On average, equities analysts anticipate that Amazon.com will post 5.29 earnings per share for the current year.

Insider Activity

In other Amazon.com news, Director Daniel P. Huttenlocher sold 1,237 shares of the firm’s stock in a transaction dated Tuesday, November 19th. The shares were sold at an average price of $199.06, for a total value of $246,237.22. Following the transaction, the director now owns 24,912 shares of the company’s stock, valued at $4,958,982.72. This trade represents a 4.73 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Jeffrey P. Bezos sold 2,996,362 shares of the company’s stock in a transaction that occurred on Friday, November 8th. The shares were sold at an average price of $208.85, for a total value of $625,790,203.70. Following the transaction, the insider now directly owns 917,416,976 shares of the company’s stock, valued at $191,602,535,437.60. This trade represents a 0.33 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 6,030,183 shares of company stock worth $1,252,883,795. 10.80% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Amazon.com

A number of hedge funds have recently added to or reduced their stakes in the stock. Icon Wealth Advisors LLC grew its holdings in Amazon.com by 20.5% in the 3rd quarter. Icon Wealth Advisors LLC now owns 150,661 shares of the e-commerce giant’s stock worth $28,000 after buying an additional 25,581 shares in the last quarter. PayPay Securities Corp grew its stake in shares of Amazon.com by 64.6% in the second quarter. PayPay Securities Corp now owns 163 shares of the e-commerce giant’s stock worth $32,000 after purchasing an additional 64 shares in the last quarter. Hoese & Co LLP acquired a new position in shares of Amazon.com during the third quarter valued at $37,000. Bull Oak Capital LLC bought a new stake in shares of Amazon.com during the third quarter valued at about $45,000. Finally, Values First Advisors Inc. acquired a new stake in Amazon.com in the third quarter worth about $56,000. 72.20% of the stock is currently owned by institutional investors.

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.