Amazon.com (NASDAQ:AMZN) Price Target Raised to $205.00 at Argus

Amazon.com (NASDAQ:AMZN) had its target price hoisted by Argus from $185.00 to $205.00 in a research note issued to investors on Thursday morning, Benzinga reports. Argus currently has a buy rating on the e-commerce giant's stock.

Other research analysts have also issued reports about the company. Moffett Nathanson reissued a buy rating and issued a $228.00 price objective on shares of Amazon.com in a research report on Thursday, April 11th. Deutsche Bank Aktiengesellschaft boosted their target price on Amazon.com from $175.00 to $200.00 and gave the company a buy rating in a research report on Friday, February 2nd. The Goldman Sachs Group lifted their price target on Amazon.com from $220.00 to $225.00 and gave the company a buy rating in a research note on Wednesday. JPMorgan Chase & Co. lifted their price target on Amazon.com from $225.00 to $240.00 and gave the company an overweight rating in a research note on Wednesday. Finally, Sanford C. Bernstein boosted 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 issued a strong buy rating to the company's stock. Based on data from MarketBeat, the stock currently has an average rating of Buy and an average target price of $211.07.

Amazon.com Price Performance

AMZN stock traded up $5.72 during mid-day trading on Thursday, hitting $184.72. The stock had a trading volume of 53,294,891 shares, compared to its average volume of 44,309,770. The firm has a market capitalization of $1.92 trillion, a P/E ratio of 50.92, a P/E/G ratio of 1.53 and a beta of 1.15. The company has a current ratio of 1.05, a quick ratio of 0.84 and a debt-to-equity ratio of 0.29. The firm has a fifty day simple moving average of $178.59 and a 200 day simple moving average of $159.78. Amazon.com has a 52 week low of $103.28 and a 52 week high of $189.77.

Amazon.com (NASDAQ:AMZN - Get Free Report) last announced its quarterly earnings results on Tuesday, April 30th. The e-commerce giant reported $0.98 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.83 by $0.15. Amazon.com had a net margin of 6.38% and a return on equity of 20.73%. The company had revenue of $143.31 billion for the quarter, compared to analyst estimates of $142.65 billion. During the same period in the previous year, the firm posted $0.31 EPS. The firm's revenue was up 12.5% on a year-over-year basis. As a group, research analysts forecast that Amazon.com will post 4.08 EPS for the current year.

Insider Activity at Amazon.com

In other news, CEO Adam Selipsky sold 500 shares of the firm's stock in a transaction that occurred on Thursday, April 18th. The shares were sold at an average price of $181.38, for a total transaction of $90,690.00. Following the completion of the sale, the chief executive officer now owns 130,600 shares of the company's stock, valued at $23,688,228. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In related news, CEO Adam Selipsky sold 500 shares of Amazon.com stock in a transaction dated Thursday, April 18th. The shares were sold at an average price of $181.38, for a total transaction of $90,690.00. Following the sale, the chief executive officer now directly owns 130,600 shares in the company, valued at $23,688,228. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Jeffrey P. Bezos sold 2,009,208 shares of Amazon.com stock in a transaction dated Tuesday, February 20th. The shares were sold at an average price of $166.79, for a total transaction of $335,115,802.32. Following the sale, the insider now owns 938,251,817 shares in the company, valued at $156,491,020,557.43. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 32,213,510 shares of company stock worth $5,505,811,286. Company insiders own 10.80% of the company's stock.

Hedge Funds Weigh In On Amazon.com

A number of institutional investors have recently bought and sold shares of the stock. Cooksen Wealth LLC acquired a new position in shares of Amazon.com during the fourth quarter worth approximately $30,000. PayPay Securities Corp increased its stake in shares of Amazon.com by 54.3% in the third quarter. PayPay Securities Corp now owns 267 shares of the e-commerce giant's stock valued at $34,000 after buying an additional 94 shares in the last quarter. E Fund Management Hong Kong Co. Ltd. increased its stake in shares of Amazon.com by 45.0% in the fourth quarter. E Fund Management Hong Kong Co. Ltd. now owns 277 shares of the e-commerce giant's stock valued at $42,000 after buying an additional 86 shares in the last quarter. Strid Group LLC acquired a new stake in Amazon.com in the fourth quarter worth about $43,000. Finally, Clarity Asset Management Inc. acquired a new stake in Amazon.com in the fourth quarter worth about $46,000. Hedge funds and other institutional investors own 72.20% of the company's stock.

Amazon.com Company Profile

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.