BMO Capital Markets Raises Amazon.com (NASDAQ:AMZN) Price Target to $215.00

Amazon.com (NASDAQ:AMZN) had its target price increased by stock analysts at BMO Capital Markets from $205.00 to $215.00 in a report released on Tuesday, Benzinga reports. The firm currently has an "outperform" rating on the e-commerce giant's stock. BMO Capital Markets' price target indicates a potential upside of 19.75% from the stock's previous close.

A number of other analysts also recently issued reports on AMZN. Morgan Stanley raised their target price on Amazon.com from $185.00 to $200.00 and gave the stock an "overweight" rating in a research note on Friday, February 2nd. Maxim Group started coverage on Amazon.com in a research note on Wednesday, April 17th. They issued a "buy" rating and a $218.00 target price for the company. Wedbush reaffirmed an "outperform" rating and issued a $220.00 target price on shares of Amazon.com in a research note on Wednesday, April 10th. Roth Mkm reaffirmed a "buy" rating and issued a $205.00 target price on shares of Amazon.com in a research note on Tuesday, April 16th. Finally, Sanford C. Bernstein raised their target price on Amazon.com from $175.00 to $200.00 and gave the stock an "outperform" rating in a research note on Friday, February 2nd. One investment analyst has rated the stock with a hold rating, forty-four have assigned a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat, Amazon.com currently has a consensus rating of "Buy" and an average target price of $203.13.

Amazon.com Price Performance

NASDAQ AMZN traded up $2.31 during mid-day trading on Tuesday, hitting $179.54. The stock had a trading volume of 36,846,234 shares, compared to its average volume of 42,847,852. The firm's 50 day moving average is $177.38 and its 200 day moving average is $157.63. Amazon.com has a twelve month low of $101.15 and a twelve month high of $189.77. The company has a debt-to-equity ratio of 0.29, a current ratio of 1.05 and a quick ratio of 0.84. The stock has a market capitalization of $1.87 trillion, a price-to-earnings ratio of 61.23, a PEG ratio of 1.52 and a beta of 1.17.

Amazon.com (NASDAQ:AMZN - Get Free Report) last posted its quarterly earnings data on Thursday, February 1st. The e-commerce giant reported $1.00 EPS for the quarter, beating the consensus estimate of $0.81 by $0.19. Amazon.com had a return on equity of 16.61% and a net margin of 5.29%. The firm had revenue of $169.96 billion during the quarter, compared to the consensus estimate of $165.96 billion. During the same period in the prior year, the company earned $0.21 EPS. The firm's revenue was up 13.9% compared to the same quarter last year. Equities research analysts forecast that Amazon.com will post 4.1 earnings per share for the current fiscal year.

Insider Transactions at Amazon.com

In other Amazon.com news, CEO Adam Selipsky sold 500 shares of Amazon.com stock in a transaction that occurred on Thursday, February 1st. The stock was sold at an average price of $155.72, for a total transaction of $77,860.00. Following the transaction, the chief executive officer now owns 116,560 shares of the company's stock, valued at $18,150,723.20. The transaction was disclosed in a filing with the SEC, which is available at this link. In other Amazon.com news, VP Shelley Reynolds sold 3,100 shares of Amazon.com stock in a transaction that occurred on Wednesday, February 21st. The stock was sold at an average price of $168.97, for a total transaction of $523,807.00. Following the transaction, the vice president now owns 119,780 shares of the company's stock, valued at $20,239,226.60. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, CEO Adam Selipsky sold 500 shares of Amazon.com stock in a transaction that occurred on Thursday, February 1st. The stock was sold at an average price of $155.72, for a total value of $77,860.00. Following the transaction, the chief executive officer now directly owns 116,560 shares in the company, valued at approximately $18,150,723.20. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 32,214,010 shares of company stock valued at $5,505,889,146. Corporate insiders own 10.80% of the company's stock.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the company. Norges Bank acquired a new position in shares of Amazon.com in the fourth quarter valued at approximately $17,700,551,000. Vanguard Group Inc. increased its holdings in shares of Amazon.com by 4.4% in the third quarter. Vanguard Group Inc. now owns 757,951,795 shares of the e-commerce giant's stock valued at $96,350,832,000 after purchasing an additional 32,038,029 shares during the period. International Assets Investment Management LLC increased its holdings in shares of Amazon.com by 16,029.3% in the fourth quarter. International Assets Investment Management LLC now owns 23,865,216 shares of the e-commerce giant's stock valued at $36,260,810,000 after purchasing an additional 23,717,254 shares during the period. FMR LLC increased its holdings in shares of Amazon.com by 7.7% in the third quarter. FMR LLC now owns 302,101,441 shares of the e-commerce giant's stock valued at $38,403,135,000 after purchasing an additional 21,649,871 shares during the period. Finally, Jennison Associates LLC boosted its stake in shares of Amazon.com by 28.4% in the third quarter. Jennison Associates LLC now owns 54,981,548 shares of the e-commerce giant's stock valued at $6,989,254,000 after buying an additional 12,176,114 shares in 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.