Amazon.com (NASDAQ:AMZN) Price Target Increased to $225.00 by Analysts at Loop Capital

Amazon.com (NASDAQ:AMZN) had its target price lifted by Loop Capital from $215.00 to $225.00 in a report issued on Monday, Benzinga reports. The brokerage currently has a buy rating on the e-commerce giant's stock.

Several other analysts also recently weighed in on AMZN. Moffett Nathanson restated a buy rating and set a $228.00 target price on shares of Amazon.com in a research note on Thursday, April 11th. JPMorgan Chase & Co. lifted their price objective on Amazon.com from $225.00 to $240.00 and gave the stock an overweight rating in a report on Wednesday, May 1st. Evercore ISI raised their price target on shares of Amazon.com from $220.00 to $225.00 and gave the stock an outperform rating in a research report on Wednesday, May 1st. Wells Fargo & Company upped their price target on shares of Amazon.com from $217.00 to $234.00 and gave the company an overweight rating in a report on Wednesday, May 1st. Finally, Susquehanna raised their price objective on shares of Amazon.com from $185.00 to $220.00 and gave the stock a positive rating in a report 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 stock. According to data from MarketBeat.com, the stock presently has an average rating of Buy and a consensus target price of $211.62.

Amazon.com Trading Up 1.3 %

AMZN stock traded up $2.49 during trading on Monday, reaching $188.70. 34,655,052 shares of the stock traded hands, compared to its average volume of 44,151,145. The firm has a market capitalization of $1.96 trillion, a PE ratio of 52.86, a P/E/G ratio of 1.35 and a beta of 1.15. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.07 and a quick ratio of 0.87. The business's 50 day moving average price is $179.29 and its 200-day moving average price is $161.18. Amazon.com has a 52-week low of $104.70 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 for the quarter, topping analysts' consensus estimates of $0.83 by $0.15. The firm had revenue of $143.31 billion during the quarter, compared to analysts' expectations of $142.65 billion. Amazon.com had a net margin of 6.38% and a return on equity of 19.86%. The firm's revenue was up 12.5% on a year-over-year basis. During the same period in the prior year, the company earned $0.31 EPS. As a group, sell-side analysts forecast that Amazon.com will post 4.67 earnings per share for the current year.

Insider Activity at Amazon.com

In other Amazon.com news, CEO Douglas J. Herrington sold 3,500 shares of the company's stock in a transaction that occurred on Wednesday, May 1st. The stock was sold at an average price of $180.29, for a total value of $631,015.00. Following the completion of the transaction, the chief executive officer now owns 509,358 shares of the company's stock, valued at approximately $91,832,153.82. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. In related news, CEO Adam Selipsky sold 500 shares of the company's stock in a transaction dated Thursday, March 21st. The shares were sold at an average price of $180.00, for a total value of $90,000.00. Following the sale, the chief executive officer now owns 132,600 shares of the company's stock, valued at $23,868,000. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CEO Douglas J. Herrington sold 3,500 shares of the firm's stock in a transaction dated Wednesday, May 1st. The stock was sold at an average price of $180.29, for a total transaction of $631,015.00. Following the transaction, the chief executive officer now owns 509,358 shares of the company's stock, valued at approximately $91,832,153.82. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 32,217,010 shares of company stock worth $5,506,442,301. Company insiders own 10.80% of the company's stock.

Hedge Funds Weigh In On Amazon.com

Hedge funds have recently modified their holdings of the stock. Vanguard Group Inc. grew its holdings in shares of Amazon.com by 1.7% in the 4th quarter. Vanguard Group Inc. now owns 771,086,427 shares of the e-commerce giant's stock worth $117,158,872,000 after purchasing an additional 13,134,632 shares during the last quarter. FMR LLC grew its stake in Amazon.com by 7.7% during the third quarter. FMR LLC now owns 302,101,441 shares of the e-commerce giant's stock worth $38,403,135,000 after buying an additional 21,649,871 shares during the last quarter. Norges Bank acquired a new stake in shares of Amazon.com during the fourth quarter worth approximately $17,700,551,000. Northern Trust Corp raised its stake in shares of Amazon.com by 3.7% in the third quarter. Northern Trust Corp now owns 92,329,336 shares of the e-commerce giant's stock valued at $11,736,905,000 after acquiring an additional 3,260,411 shares during the last quarter. Finally, Jennison Associates LLC boosted its holdings in shares of Amazon.com by 0.5% in the 1st quarter. Jennison Associates LLC now owns 56,666,183 shares of the e-commerce giant's stock worth $10,221,446,000 after acquiring an additional 295,132 shares in the last quarter. 72.20% of the stock is owned by institutional investors and hedge funds.

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.