Amazon.com (NASDAQ:AMZN) Given New $275.00 Price Target at Raymond James

Amazon.com (NASDAQ:AMZN) had its target price upped by Raymond James from $260.00 to $275.00 in a research note published on Monday morning,BayStreet.CA reports.

A number of other analysts have also weighed in on AMZN. Scotiabank increased their price objective on shares of Amazon.com from $246.00 to $306.00 and gave the stock a “sector outperform” rating in a research report on Friday, January 24th. Citigroup decreased their price target on Amazon.com from $275.00 to $273.00 and set a “buy” rating for the company in a research note on Friday. Truist Financial boosted their price objective on Amazon.com from $265.00 to $270.00 and gave the company a “buy” rating in a report on Friday, November 1st. Moffett Nathanson increased their target price on Amazon.com from $235.00 to $248.00 and gave the stock a “buy” rating in a research note on Tuesday, November 26th. Finally, HSBC boosted their target price on shares of Amazon.com from $225.00 to $270.00 and gave the company a “buy” rating in a research note on Monday, January 13th. Two investment analysts have rated the stock with a hold rating, forty-two have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $260.52.

Amazon.com Stock Up 1.7 %

AMZN opened at $233.14 on Monday. Amazon.com has a 52 week low of $151.61 and a 52 week high of $242.52. The company has a quick ratio of 0.87, a current ratio of 1.09 and a debt-to-equity ratio of 0.21. The firm has a 50-day simple moving average of $226.93 and a two-hundred day simple moving average of $200.86. The company has a market capitalization of $2.45 trillion, a PE ratio of 42.16, a price-to-earnings-growth ratio of 1.36 and a beta of 1.15.

Amazon.com (NASDAQ:AMZN) last released its quarterly earnings results on Thursday, February 6th. The e-commerce giant reported $1.86 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.52 by $0.34. Amazon.com had a net margin of 9.29% and a return on equity of 25.49%. Analysts forecast that Amazon.com will post 6.24 earnings per share for the current fiscal year.

Insider Activity at Amazon.com

In other news, Director Daniel P. Huttenlocher sold 1,237 shares of the company’s stock in a transaction that occurred on 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 directly owns 24,912 shares in the company, valued at approximately $4,958,982.72. This represents a 4.73 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CEO Matthew S. Garman sold 15,260 shares of Amazon.com stock in a transaction on Thursday, November 21st. The shares were sold at an average price of $200.19, for a total value of $3,054,899.40. Following the completion of the sale, the chief executive officer now directly owns 349,261 shares of the company’s stock, valued at $69,918,559.59. The trade was a 4.19 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 29,850 shares of company stock valued at $6,168,581. 10.80% of the stock is owned by company insiders.

Institutional Trading of Amazon.com

Hedge funds have recently added to or reduced their stakes in the company. Fiera Capital Corp increased its stake in Amazon.com by 12.5% in the second quarter. Fiera Capital Corp now owns 401,113 shares of the e-commerce giant’s stock valued at $77,515,000 after purchasing an additional 44,615 shares during the last quarter. Meeder Advisory Services Inc. boosted its holdings in shares of Amazon.com by 36.3% in the 2nd quarter. Meeder Advisory Services Inc. now owns 156,616 shares of the e-commerce giant’s stock valued at $30,266,000 after buying an additional 41,676 shares in the last quarter. Prevail Innovative Wealth Advisors LLC grew its position in shares of Amazon.com by 663.4% in the 2nd quarter. Prevail Innovative Wealth Advisors LLC now owns 17,788 shares of the e-commerce giant’s stock valued at $3,438,000 after buying an additional 15,458 shares during the last quarter. GHP Investment Advisors Inc. raised its stake in Amazon.com by 8.7% during the 2nd quarter. GHP Investment Advisors Inc. now owns 5,014 shares of the e-commerce giant’s stock worth $969,000 after acquiring an additional 401 shares in the last quarter. Finally, Pinkerton Retirement Specialists LLC lifted its position in Amazon.com by 12.7% in the second quarter. Pinkerton Retirement Specialists LLC now owns 10,587 shares of the e-commerce giant’s stock valued at $2,046,000 after acquiring an additional 1,194 shares during the last quarter. 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.