Piper Sandler Raises Amazon.com (NASDAQ:AMZN) Price Target to $250.00

Amazon.com (NASDAQ:AMZN) had its price objective hoisted by analysts at Piper Sandler from $212.00 to $250.00 in a research report issued on Friday,Benzinga reports. The brokerage presently has an "overweight" rating on the e-commerce giant's stock. Piper Sandler's price target would suggest a potential upside of 10.67% from the stock's current price.

Several other research analysts also recently issued reports on the company. BNP Paribas upgraded Amazon.com from a "hold" rating to a "strong-buy" rating in a research report on Friday, June 27th. The Goldman Sachs Group cut their price objective on Amazon.com from $255.00 to $220.00 and set a "buy" rating for the company in a research report on Tuesday, April 22nd. Deutsche Bank Aktiengesellschaft cut their price objective on Amazon.com from $287.00 to $206.00 and set a "buy" rating for the company in a research report on Monday, April 14th. Rosenblatt Securities lifted their price objective on Amazon.com from $287.00 to $288.00 and gave the stock a "buy" rating in a research report on Friday, May 2nd. Finally, Telsey Advisory Group reiterated an "outperform" rating and issued a $235.00 price target on shares of Amazon.com in a report on Thursday. Three research analysts have rated the stock with a hold rating, forty-five have given a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $249.42.

Amazon.com Stock Performance

AMZN traded up $3.64 during trading on Friday, reaching $225.90. The company's stock had a trading volume of 37,890,684 shares, compared to its average volume of 42,052,617. Amazon.com has a 52-week low of $151.61 and a 52-week high of $242.52. The company's fifty day moving average price is $209.20 and its 200-day moving average price is $208.66. The company has a market capitalization of $2.40 trillion, a price-to-earnings ratio of 36.81, a price-to-earnings-growth ratio of 1.67 and a beta of 1.33. The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.84 and a current ratio of 1.05.

Amazon.com (NASDAQ:AMZN - Get Free Report) last announced its quarterly earnings data on Thursday, May 1st. The e-commerce giant reported $1.59 earnings per share for the quarter, beating analysts' consensus estimates of $1.38 by $0.21. Amazon.com had a return on equity of 24.14% and a net margin of 10.14%. The company had revenue of $155.67 billion for the quarter, compared to analyst estimates of $154.96 billion. During the same quarter in the previous year, the company earned $0.98 EPS. The firm's revenue for the quarter was up 8.6% compared to the same quarter last year. On average, equities analysts forecast that Amazon.com will post 6.31 earnings per share for the current fiscal year.

Insider Activity

In other Amazon.com news, CEO Douglas J. Herrington sold 2,500 shares of the company's stock in a transaction dated Tuesday, July 1st. The shares were sold at an average price of $220.06, for a total transaction of $550,150.00. Following the completion of the sale, the chief executive officer directly owned 514,550 shares in the company, valued at $113,231,873. This represents a 0.48% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Jeffrey P. Bezos sold 384,124 shares of the company's stock in a transaction dated Wednesday, July 9th. The shares were sold at an average price of $224.02, for a total transaction of $86,051,458.48. Following the transaction, the insider directly owned 901,995,325 shares of the company's stock, valued at $202,064,992,706.50. This represents a 0.04% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 6,886,613 shares of company stock valued at $1,531,840,610 over the last three months. 9.70% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in AMZN. Castlekeep Investment Advisors LLC bought a new position in shares of Amazon.com in the 4th quarter worth $25,000. Prudent Man Investment Management Inc. bought a new position in shares of Amazon.com in the 4th quarter worth $27,000. Carderock Capital Management Inc. bought a new position in shares of Amazon.com in the 2nd quarter worth $27,000. LSV Asset Management acquired a new stake in Amazon.com during the 4th quarter worth $35,000. Finally, Cooksen Wealth LLC acquired a new stake in Amazon.com during the 1st quarter worth $36,000. Institutional investors and hedge funds 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.

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