Amazon.com (NASDAQ:AMZN) Price Target Increased to $235.00 by Analysts at Citigroup

Amazon.com (NASDAQ:AMZN) had its price target lifted by Citigroup from $215.00 to $235.00 in a research report sent to investors on Wednesday, Benzinga reports. Citigroup currently has a buy rating on the e-commerce giant's stock.

A number of other equities research analysts have also weighed in on the stock. Deutsche Bank Aktiengesellschaft lifted their target price on shares of Amazon.com from $175.00 to $200.00 and gave the company a buy rating in a research note on Friday, February 2nd. Truist Financial lifted their target price on shares of Amazon.com from $195.00 to $216.00 and gave the company a buy rating in a research note on Wednesday, April 17th. TD Cowen lifted their target price on shares of Amazon.com from $200.00 to $225.00 and gave the company an outperform rating in a research note on Friday, February 2nd. Royal Bank of Canada boosted their price objective on shares of Amazon.com from $180.00 to $215.00 and gave the stock an outperform rating in a research note on Friday, February 2nd. Finally, Stifel Nicolaus boosted their price objective on shares of Amazon.com from $200.00 to $224.00 and gave the stock a buy rating in a research note on Tuesday, April 16th. One research analyst has rated the stock with a hold rating, forty-four have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of Buy and a consensus price target of $204.76.

Amazon.com Trading Down 1.6 %

NASDAQ:AMZN traded down $2.95 during trading hours on Wednesday, reaching $176.59. The company's stock had a trading volume of 34,053,895 shares, compared to its average volume of 42,734,879. The firm has a market capitalization of $1.83 trillion, a price-to-earnings ratio of 60.95, a PEG ratio of 1.54 and a beta of 1.16. The firm has a 50-day simple moving average of $177.60 and a 200-day simple moving average of $157.99. Amazon.com has a 1 year low of $101.15 and a 1 year high of $189.77. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.84 and a current ratio of 1.05.

Amazon.com (NASDAQ:AMZN - Get Free Report) last issued its earnings results on Thursday, February 1st. The e-commerce giant reported $1.00 EPS for the quarter, topping analysts' consensus estimates of $0.81 by $0.19. The company had revenue of $169.96 billion for the quarter, compared to analysts' expectations of $165.96 billion. Amazon.com had a net margin of 5.29% and a return on equity of 16.61%. The firm's revenue was up 13.9% compared to the same quarter last year. During the same quarter last year, the company earned $0.21 EPS. Research analysts expect that Amazon.com will post 4.1 EPS for the current fiscal year.

Insider Activity at Amazon.com

In related news, CEO Adam Selipsky sold 500 shares of the business's stock in a transaction that occurred on Thursday, February 1st. The shares were sold at an average price of $155.72, for a total transaction of $77,860.00. Following the completion of the sale, the chief executive officer now directly owns 116,560 shares in the company, valued at $18,150,723.20. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other Amazon.com news, CEO Adam Selipsky sold 500 shares of the company's stock in a transaction that occurred on Thursday, February 1st. The shares were sold at an average price of $155.72, for a total value of $77,860.00. Following the completion of the transaction, the chief executive officer now directly owns 116,560 shares in the company, valued at $18,150,723.20. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Jeffrey P. Bezos sold 5,998,849 shares of the company's stock in a transaction that occurred on Wednesday, February 7th. The stock was sold at an average price of $170.16, for a total transaction of $1,020,764,145.84. Following the completion of the transaction, the insider now owns 982,252,968 shares of the company's stock, valued at $167,140,165,034.88. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 32,214,010 shares of company stock worth $5,505,889,146. 10.80% of the stock is owned by company insiders.

Hedge Funds Weigh In On Amazon.com

Hedge funds have recently modified their holdings of the company. Register Financial Advisors LLC boosted its position in shares of Amazon.com by 14.3% during the third quarter. Register Financial Advisors LLC now owns 5,263 shares of the e-commerce giant's stock worth $669,000 after acquiring an additional 657 shares during the last quarter. Wedge Capital Management L L P NC raised its stake in shares of Amazon.com by 1.0% in the third quarter. Wedge Capital Management L L P NC now owns 14,613 shares of the e-commerce giant's stock valued at $1,858,000 after acquiring an additional 148 shares during the period. Cherrydale Wealth Management LLC raised its stake in shares of Amazon.com by 14.7% in the fourth quarter. Cherrydale Wealth Management LLC now owns 5,260 shares of the e-commerce giant's stock valued at $799,000 after acquiring an additional 675 shares during the period. Tompkins Financial Corp raised its stake in shares of Amazon.com by 3.3% in the fourth quarter. Tompkins Financial Corp now owns 71,576 shares of the e-commerce giant's stock valued at $10,875,000 after acquiring an additional 2,273 shares during the period. Finally, Nicholas Company Inc. raised its stake in shares of Amazon.com by 3.9% in the third quarter. Nicholas Company Inc. now owns 705,065 shares of the e-commerce giant's stock valued at $89,628,000 after acquiring an additional 26,465 shares during the period. 72.20% of the stock is currently owned by 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.