Mizuho Raises Amazon.com (NASDAQ:AMZN) Price Target to $240.00

Amazon.com (NASDAQ:AMZN) had its price objective raised by research analysts at Mizuho from $230.00 to $240.00 in a research report issued to clients and investors on Wednesday, Benzinga reports. The firm presently has a “buy” rating on the e-commerce giant’s stock. Mizuho’s target price suggests a potential upside of 37.14% from the stock’s previous close.

Other analysts also recently issued research reports about the stock. Needham & Company LLC reaffirmed a “buy” rating and issued a $205.00 price target on shares of Amazon.com in a report on Wednesday. Truist Financial upped their price objective 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. Canaccord Genuity Group upped their price objective on shares of Amazon.com from $185.00 to $200.00 and gave the company a “buy” rating in a research note on Friday, February 2nd. UBS Group increased their price target on shares of Amazon.com from $198.00 to $215.00 and gave the stock a “buy” rating in a research note on Thursday, April 25th. Finally, Roth Mkm reissued a “buy” rating and issued a $205.00 price objective on shares of Amazon.com in a research report 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’s stock. Based on data from MarketBeat.com, Amazon.com presently has a consensus rating of “Buy” and an average price target of $207.13.

Amazon.com Trading Down 3.3 %

Shares of AMZN opened at $175.00 on Wednesday. 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’s 50-day moving average is $178.38 and its two-hundred day moving average is $159.64. Amazon.com has a twelve month low of $101.15 and a twelve month high of $189.77. The firm has a market capitalization of $1.82 trillion, a P/E ratio of 60.34, a PEG ratio of 1.57 and a beta of 1.16.

Amazon.com (NASDAQ:AMZN) last issued its earnings results on Tuesday, April 30th. The e-commerce giant reported $0.98 earnings per share for the quarter, topping the consensus estimate of $0.83 by $0.15. Amazon.com had a net margin of 5.29% and a return on equity of 16.61%. 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 prior year, the business posted $0.31 earnings per share. The firm’s revenue for the quarter was up 12.5% compared to the same quarter last year. On average, research analysts predict that Amazon.com will post 4.11 earnings per share for the current fiscal year.

Insider Transactions at Amazon.com

In related news, CEO Adam Selipsky sold 500 shares of the firm’s stock in a transaction that occurred on Thursday, April 4th. The shares were sold at an average price of $184.00, for a total transaction of $92,000.00. Following the completion of the sale, the chief executive officer now directly owns 131,600 shares in the company, valued at $24,214,400. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. In related news, CEO Adam Selipsky sold 500 shares of the firm’s stock in a transaction that occurred on Thursday, April 4th. The shares were sold at an average price of $184.00, for a total transaction of $92,000.00. Following the completion of the sale, the chief executive officer now directly owns 131,600 shares in the company, valued at $24,214,400. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, VP Shelley Reynolds sold 3,100 shares of the firm’s 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 sale, the vice president now owns 119,780 shares of the company’s stock, valued at $20,239,226.60. The disclosure for this sale can be found here. Insiders have sold a total of 32,214,010 shares of company stock valued at $5,505,889,146 over the last ninety days. Corporate insiders own 10.30% of the company’s stock.

Institutional Trading of Amazon.com

A number of institutional investors have recently added to or reduced their stakes in the business. Norges Bank acquired a new stake in shares of Amazon.com in the fourth quarter worth $17,700,551,000. Vanguard Group Inc. lifted its stake 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 worth $96,350,832,000 after buying an additional 32,038,029 shares during the last quarter. International Assets Investment Management LLC lifted its stake 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 worth $36,260,810,000 after buying an additional 23,717,254 shares during the last quarter. FMR LLC lifted its stake 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 worth $38,403,135,000 after buying an additional 21,649,871 shares during the last quarter. Finally, Jennison Associates LLC lifted 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 worth $6,989,254,000 after buying an additional 12,176,114 shares during the last quarter. 72.20% of the stock is currently 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.