Amazon.com (NASDAQ:AMZN) Price Target Raised to $260.00 at Mizuho

Amazon.com (NASDAQ:AMZN) had its target price increased by Mizuho from $240.00 to $260.00 in a research report report published on Tuesday morning,Benzinga reports. The firm currently has an outperform rating on the e-commerce giant’s stock.

AMZN has been the topic of a number of other research reports. The Goldman Sachs Group increased their target price on Amazon.com from $230.00 to $240.00 and gave the company a “buy” rating in a report on Friday, November 1st. Redburn Atlantic increased their price target on Amazon.com from $225.00 to $235.00 and gave the stock a “buy” rating in a research note on Tuesday, November 26th. Wells Fargo & Company reissued an “equal weight” rating and issued a $197.00 target price on shares of Amazon.com in a report on Wednesday, November 20th. Monness Crespi & Hardt boosted their target price on Amazon.com from $225.00 to $245.00 and gave the stock a “buy” rating in a research report on Friday, November 1st. Finally, Wedbush lifted their price objective on shares of Amazon.com from $225.00 to $250.00 and gave the stock an “outperform” rating in a research note on Friday, November 1st. Two equities research analysts have rated the stock with a hold rating, forty-one have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, Amazon.com currently has an average rating of “Moderate Buy” and a consensus target price of $237.42.

Amazon.com Stock Performance

AMZN stock opened at $225.04 on Tuesday. The stock’s 50 day simple moving average is $198.19 and its 200 day simple moving average is $188.47. The company has a current ratio of 1.09, a quick ratio of 0.87 and a debt-to-equity ratio of 0.21. Amazon.com has a 12-month low of $143.64 and a 12-month high of $230.08. The stock has a market capitalization of $2.37 trillion, a PE ratio of 48.19, a price-to-earnings-growth ratio of 1.52 and a beta of 1.16.

Amazon.com (NASDAQ:AMZN) last announced its quarterly earnings results on Thursday, October 31st. The e-commerce giant reported $1.43 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.14 by $0.29. Amazon.com had a return on equity of 22.41% and a net margin of 8.04%. The firm had revenue of $158.88 billion for the quarter, compared to the consensus estimate of $157.28 billion. During the same period in the prior year, the company posted $0.85 earnings per share. The company’s quarterly revenue was up 11.0% on a year-over-year basis. As a group, research analysts forecast that Amazon.com will post 5.29 earnings per share for the current fiscal year.

Insider Buying and Selling at Amazon.com

In other news, CEO Douglas J. Herrington sold 3,500 shares of the company’s stock in a transaction on Monday, December 2nd. The stock was sold at an average price of $210.00, for a total transaction of $735,000.00. Following the transaction, the chief executive officer now directly owns 524,567 shares of the company’s stock, valued at approximately $110,159,070. This represents a 0.66 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, SVP David Zapolsky sold 2,190 shares of the firm’s stock in a transaction on Tuesday, September 24th. The stock was sold at an average price of $195.00, for a total value of $427,050.00. Following the completion of the sale, the senior vice president now directly owns 62,420 shares of the company’s stock, valued at $12,171,900. The trade was a 3.39 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 6,030,183 shares of company stock worth $1,252,883,795 over the last quarter. Insiders own 10.80% of the company’s stock.

Hedge Funds Weigh In On Amazon.com

Several hedge funds have recently modified their holdings of the stock. China Universal Asset Management Co. Ltd. increased its position in shares of Amazon.com by 31.6% in the 1st quarter. China Universal Asset Management Co. Ltd. now owns 182,359 shares of the e-commerce giant’s stock valued at $32,894,000 after acquiring an additional 43,759 shares during the period. Quent Capital LLC grew its stake in Amazon.com by 3.3% during the 1st quarter. Quent Capital LLC now owns 33,729 shares of the e-commerce giant’s stock valued at $6,084,000 after purchasing an additional 1,081 shares during the last quarter. Vancity Investment Management Ltd increased its holdings in shares of Amazon.com by 3.6% in the first quarter. Vancity Investment Management Ltd now owns 154,826 shares of the e-commerce giant’s stock valued at $27,927,000 after purchasing an additional 5,431 shares during the period. B. Riley Wealth Advisors Inc. raised its stake in shares of Amazon.com by 4.5% in the first quarter. B. Riley Wealth Advisors Inc. now owns 518,529 shares of the e-commerce giant’s stock worth $93,532,000 after purchasing an additional 22,179 shares during the last quarter. Finally, Innova Wealth Partners lifted its holdings in shares of Amazon.com by 40.4% during the first quarter. Innova Wealth Partners now owns 3,308 shares of the e-commerce giant’s stock worth $597,000 after purchasing an additional 952 shares during the period. 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.