Amazon.com (NASDAQ:AMZN) had its target price boosted by equities researchers at Mizuho from $315.00 to $325.00 in a research report issued on Tuesday,Benzinga reports. The firm currently has an "outperform" rating on the e-commerce giant's stock. Mizuho's target price indicates a potential upside of 24.51% from the company's previous close.
AMZN has been the topic of several other reports. DA Davidson restated a "neutral" rating and issued a $175.00 target price (down from $300.00) on shares of Amazon.com in a research note on Friday, February 6th. President Capital reduced their price target on Amazon.com from $320.00 to $296.00 and set a "buy" rating for the company in a research report on Tuesday, February 10th. Telsey Advisory Group reiterated an "outperform" rating and issued a $300.00 price target on shares of Amazon.com in a research report on Friday, February 6th. Daiwa Securities Group reduced their price target on Amazon.com from $300.00 to $280.00 and set a "buy" rating for the company in a research report on Wednesday, February 11th. Finally, Wall Street Zen cut Amazon.com from a "buy" rating to a "hold" rating in a research report on Saturday, January 10th. One investment analyst has rated the stock with a Strong Buy rating, fifty-five have given a Buy rating and three have issued a Hold rating to the company. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $289.39.
Check Out Our Latest Research Report on Amazon.com
Amazon.com Stock Performance
Shares of Amazon.com stock opened at $261.02 on Tuesday. The business's fifty day simple moving average is $220.09 and its 200 day simple moving average is $226.53. The firm has a market capitalization of $2.81 trillion, a P/E ratio of 36.40, a price-to-earnings-growth ratio of 1.97 and a beta of 1.38. Amazon.com has a 12 month low of $178.85 and a 12 month high of $264.50. The company has a current ratio of 1.05, a quick ratio of 0.88 and a debt-to-equity ratio of 0.16.
Amazon.com (NASDAQ:AMZN - Get Free Report) last issued its quarterly earnings results on Thursday, February 5th. The e-commerce giant reported $1.95 EPS for the quarter, missing analysts' consensus estimates of $1.97 by ($0.02). The business had revenue of $213.39 billion for the quarter, compared to the consensus estimate of $211.02 billion. Amazon.com had a return on equity of 21.87% and a net margin of 10.83%.The business's revenue was up 13.6% compared to the same quarter last year. During the same quarter last year, the business posted $1.86 earnings per share. As a group, analysts anticipate that Amazon.com will post 7.74 EPS for the current year.
Insider Buying and Selling at Amazon.com
In related news, CEO Matthew S. Garman sold 17,751 shares of the business's stock in a transaction dated Monday, February 23rd. The stock was sold at an average price of $205.22, for a total transaction of $3,642,860.22. Following the completion of the transaction, the chief executive officer directly owned 9,405 shares in the company, valued at $1,930,094.10. The trade was a 65.37% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Andrew R. Jassy sold 31,000 shares of the business's stock in a transaction dated Friday, April 17th. The stock was sold at an average price of $255.00, for a total value of $7,905,000.00. Following the transaction, the chief executive officer owned 2,207,118 shares of the company's stock, valued at approximately $562,815,090. The trade was a 1.39% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 124,186 shares of company stock valued at $27,826,739 over the last 90 days. Insiders own 8.90% of the company's stock.
Hedge Funds Weigh In On Amazon.com
Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Norges Bank purchased a new position in shares of Amazon.com in the 4th quarter worth about $32,868,735,000. Auto Owners Insurance Co boosted its holdings in shares of Amazon.com by 27,376.7% in the 4th quarter. Auto Owners Insurance Co now owns 98,448,885 shares of the e-commerce giant's stock worth $2,272,397,000 after purchasing an additional 98,090,585 shares in the last quarter. J. Stern & Co. LLP boosted its holdings in shares of Amazon.com by 20,598.0% in the 4th quarter. J. Stern & Co. LLP now owns 87,982,814 shares of the e-commerce giant's stock worth $20,308,193,000 after purchasing an additional 87,557,736 shares in the last quarter. Nuveen LLC purchased a new position in shares of Amazon.com in the 1st quarter worth about $11,674,091,000. Finally, Cardano Risk Management B.V. boosted its holdings in shares of Amazon.com by 879.4% in the 4th quarter. Cardano Risk Management B.V. now owns 27,862,400 shares of the e-commerce giant's stock worth $6,431,199,000 after purchasing an additional 25,017,588 shares in the last quarter. 72.20% of the stock is currently owned by hedge funds and other institutional investors.
Key Amazon.com News
Here are the key news stories impacting Amazon.com this week:
About Amazon.com
(
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Amazon.com, Inc is a diversified technology and retail company best known for its e-commerce marketplace and broad portfolio of consumer and enterprise services. Founded by Jeff Bezos in 1994 and headquartered in Seattle, Washington, the company launched as an online bookseller and expanded into a global retail platform that sells products directly to consumers and provides a marketplace for third-party sellers. Over time Amazon has grown beyond retail into areas including cloud computing, digital media, devices and logistics.
Key businesses and offerings include Amazon's online marketplace and fulfillment services, the Amazon Prime membership program (which bundles expedited shipping with streaming and other benefits), Amazon Web Services (AWS) which supplies on-demand cloud computing and storage to businesses and public-sector customers, and a range of content and advertising services such as Prime Video and Amazon Advertising.
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