Amazon.com (NASDAQ:AMZN) Price Target Raised to $266.00

Amazon.com (NASDAQ:AMZN) had its target price boosted by research analysts at Deutsche Bank Aktiengesellschaft from $230.00 to $266.00 in a report issued on Tuesday,BayStreet.CA reports. Deutsche Bank Aktiengesellschaft's target price would suggest a potential upside of 14.86% from the stock's previous close.

Several other equities analysts have also weighed in on AMZN. Barclays cut their target price on shares of Amazon.com from $265.00 to $240.00 and set an "overweight" rating for the company in a report on Friday, May 2nd. The Goldman Sachs Group cut their target price on shares of Amazon.com from $255.00 to $220.00 and set a "buy" rating for the company in a report on Tuesday, April 22nd. Truist Financial lifted their target price on shares of Amazon.com from $226.00 to $250.00 and gave the company a "buy" rating in a report on Wednesday, July 2nd. Cantor Fitzgerald boosted their price target on shares of Amazon.com from $240.00 to $260.00 and gave the stock an "overweight" rating in a report on Wednesday, July 16th. Finally, Robert W. Baird boosted their price target on shares of Amazon.com from $220.00 to $244.00 and gave the stock an "outperform" rating in a report on Monday. Three investment analysts have rated the stock with a hold rating, forty-five have assigned a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $254.33.

Amazon.com Stock Up 1.4%

Amazon.com stock traded up $3.29 during trading hours on Tuesday, hitting $231.58. The stock had a trading volume of 14,797,059 shares, compared to its average volume of 44,045,938. The company has a quick ratio of 0.84, a current ratio of 1.05 and a debt-to-equity ratio of 0.17. The stock has a market capitalization of $2.46 trillion, a P/E ratio of 37.76, a price-to-earnings-growth ratio of 1.70 and a beta of 1.33. Amazon.com has a 12-month low of $151.61 and a 12-month high of $242.52. The stock's 50-day moving average price is $214.60 and its 200-day moving average price is $208.81.

Amazon.com (NASDAQ:AMZN - Get Free Report) last posted its quarterly earnings results on Thursday, May 1st. The e-commerce giant reported $1.59 earnings per share for the quarter, topping analysts' consensus estimates of $1.38 by $0.21. Amazon.com had a net margin of 10.14% and a return on equity of 24.14%. The business had revenue of $155.67 billion during the quarter, compared to analyst estimates of $154.96 billion. During the same period in the prior year, the business posted $0.98 earnings per share. The company's revenue was up 8.6% on a year-over-year basis. Equities research analysts anticipate that Amazon.com will post 6.31 EPS for the current fiscal year.

Insider Transactions at Amazon.com

In other Amazon.com news, CEO Douglas J. Herrington sold 2,500 shares of the business's stock in a transaction that occurred on Tuesday, July 1st. The stock was sold at an average price of $220.06, for a total transaction of $550,150.00. Following the transaction, the chief executive officer owned 514,550 shares of the company's stock, valued at $113,231,873. The trade was a 0.48% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Jeffrey P. Bezos sold 2,339,470 shares of the business's stock in a transaction that occurred on Tuesday, July 22nd. The stock was sold at an average price of $229.39, for a total value of $536,651,023.30. Following the transaction, the insider directly owned 887,933,999 shares in the company, valued at approximately $203,683,180,030.61. This trade represents a 0.26% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 20,947,939 shares of company stock worth $4,720,588,785. 9.70% of the stock is owned by company insiders.

Institutional Investors Weigh In On Amazon.com

Hedge funds have recently modified their holdings of the stock. Western Wealth Management LLC boosted its holdings in shares of Amazon.com by 0.9% during the first quarter. Western Wealth Management LLC now owns 140,122 shares of the e-commerce giant's stock worth $26,660,000 after purchasing an additional 1,297 shares during the period. Momentous Wealth Management Inc. purchased a new stake in shares of Amazon.com during the fourth quarter worth about $749,000. Segall Bryant & Hamill LLC boosted its holdings in shares of Amazon.com by 14.3% during the fourth quarter. Segall Bryant & Hamill LLC now owns 317,114 shares of the e-commerce giant's stock worth $69,572,000 after purchasing an additional 39,696 shares during the period. Bearing Point Capital LLC purchased a new stake in Amazon.com in the fourth quarter worth about $12,014,000. Finally, Evergreen Capital Management LLC lifted its holdings in Amazon.com by 0.5% in the fourth quarter. Evergreen Capital Management LLC now owns 242,550 shares of the e-commerce giant's stock worth $53,213,000 after buying an additional 1,198 shares during the period. Institutional investors 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.