Amazon.com (NASDAQ:AMZN) Given New $250.00 Price Target at Roth Mkm

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

Other analysts also recently issued research reports about the stock. BMO Capital Markets reaffirmed an "outperform" rating and issued a $236.00 target price on shares of Amazon.com in a report on Tuesday, December 3rd. The Goldman Sachs Group boosted their price objective on shares of Amazon.com from $230.00 to $240.00 and gave the stock a "buy" rating in a report on Friday, November 1st. UBS Group boosted their price objective on shares of Amazon.com from $220.00 to $223.00 and gave the stock a "buy" rating in a report on Monday, October 28th. Evercore ISI boosted their price objective on shares of Amazon.com from $240.00 to $260.00 and gave the stock an "outperform" rating in a report on Friday, November 1st. Finally, Truist Financial boosted their price objective on shares of Amazon.com from $265.00 to $270.00 and gave the stock a "buy" rating in a report on Friday, November 1st. Two investment analysts have rated the stock with a hold rating, forty-one have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $236.98.

Amazon.com Stock Performance

Shares of NASDAQ:AMZN traded down $0.94 during midday trading on Monday, hitting $226.09. The stock had a trading volume of 46,768,531 shares, compared to its average volume of 41,438,094. The company has a market capitalization of $2.38 trillion, a PE ratio of 48.41, a P/E/G ratio of 1.52 and a beta of 1.16. The stock has a 50 day moving average price of $198.19 and a two-hundred day moving average price of $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 1 year low of $143.64 and a 1 year high of $230.08.

Amazon.com (NASDAQ:AMZN - Get Free Report) last issued its earnings results on Thursday, October 31st. The e-commerce giant reported $1.43 earnings per share for the quarter, beating the consensus estimate of $1.14 by $0.29. The business had revenue of $158.88 billion for the quarter, compared to the consensus estimate of $157.28 billion. Amazon.com had a net margin of 8.04% and a return on equity of 22.41%. The business's quarterly revenue was up 11.0% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.85 earnings per share. As a group, equities analysts predict that Amazon.com will post 5.29 earnings per share for the current fiscal year.

Insider Transactions at Amazon.com

In other news, insider Jeffrey P. Bezos sold 2,996,362 shares of the company's stock in a transaction 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 completion of the transaction, the insider now directly owns 917,416,976 shares in the company, valued at approximately $191,602,535,437.60. This represents a 0.33 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Daniel P. Huttenlocher sold 1,237 shares of the company's stock in a transaction on Tuesday, November 19th. The shares were sold at an average price of $199.06, for a total transaction of $246,237.22. Following the completion of 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 disclosure for this sale can be found here. Insiders sold 6,030,183 shares of company stock valued at $1,252,883,795 over the last 90 days. Corporate insiders own 10.80% of the company's stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the company. PayPay Securities Corp boosted its stake in Amazon.com by 64.6% during the 2nd quarter. PayPay Securities Corp now owns 163 shares of the e-commerce giant's stock valued at $32,000 after acquiring an additional 64 shares during the last quarter. Hoese & Co LLP bought a new position in Amazon.com during the 3rd quarter valued at $37,000. Bull Oak Capital LLC bought a new position in Amazon.com during the 3rd quarter valued at $45,000. Christopher J. Hasenberg Inc boosted its stake in Amazon.com by 650.0% during the 2nd quarter. Christopher J. Hasenberg Inc now owns 300 shares of the e-commerce giant's stock valued at $58,000 after acquiring an additional 260 shares during the last quarter. Finally, Values First Advisors Inc. bought a new position in Amazon.com during the 3rd quarter valued at $56,000. 72.20% of the stock is currently owned by hedge funds and other 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.