Amazon.com (NASDAQ:AMZN) Price Target Raised to $800.00

Amazon.com (NASDAQ:AMZN) had its target price hoisted by Loop Capital from $750.00 to $800.00 in a research note released on Wednesday morning, MarketBeat.com reports. The brokerage currently has a buy rating on the e-commerce giant’s stock.

Other analysts also recently issued research reports about the company. Roth Mkm boosted their price objective on Amazon.com from $210.00 to $215.00 and gave the company a “buy” rating in a research report on Friday, August 2nd. TD Securities increased their price target on shares of Amazon.com from $225.00 to $245.00 in a research report on Wednesday, July 10th. Benchmark reissued a “buy” rating and issued a $200.00 price target on shares of Amazon.com in a report on Friday, August 2nd. Wolfe Research assumed coverage on shares of Amazon.com in a research note on Tuesday, July 16th. They set an “outperform” rating and a $250.00 price objective for the company. Finally, Bank of America cut their target price on Amazon.com from $220.00 to $210.00 and set a “buy” rating on the stock in a research note on Friday, August 2nd. Two equities research analysts have rated the stock with a hold rating, forty-two have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $236.78.

Amazon.com Stock Up 0.8 %

AMZN stock opened at $188.99 on Wednesday. The company’s 50 day moving average is $181.98 and its 200 day moving average is $183.42. The stock has a market cap of $1.97 trillion, a price-to-earnings ratio of 52.94, a price-to-earnings-growth ratio of 1.38 and a beta of 1.14. The company has a current ratio of 1.10, a quick ratio of 0.88 and a debt-to-equity ratio of 0.23. Amazon.com has a 1-year low of $118.35 and a 1-year high of $201.20.

Amazon.com (NASDAQ:AMZN) last announced its quarterly earnings data on Thursday, August 1st. The e-commerce giant reported $1.23 EPS for the quarter, beating the consensus estimate of $1.05 by $0.18. The firm had revenue of $147.98 billion for the quarter, compared to analyst estimates of $148.63 billion. Amazon.com had a return on equity of 21.39% and a net margin of 7.35%. Sell-side analysts predict that Amazon.com will post 4.85 EPS for the current fiscal year.

Insider Buying and Selling

In other Amazon.com news, CFO Brian T. Olsavsky sold 14,600 shares of Amazon.com stock in a transaction on Wednesday, August 21st. The shares were sold at an average price of $180.00, for a total value of $2,628,000.00. Following the sale, the chief financial officer now directly owns 49,000 shares in the company, valued at approximately $8,820,000. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In other news, CFO Brian T. Olsavsky sold 14,600 shares of the firm’s stock in a transaction dated Wednesday, August 21st. The stock was sold at an average price of $180.00, for a total value of $2,628,000.00. Following the completion of the transaction, the chief financial officer now owns 49,000 shares in the company, valued at $8,820,000. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Andrew R. Jassy sold 20,784 shares of the business’s stock in a transaction on Wednesday, August 21st. The stock was sold at an average price of $180.77, for a total transaction of $3,757,123.68. Following the transaction, the chief executive officer now owns 2,056,534 shares in the company, valued at approximately $371,759,651.18. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 54,355 shares of company stock worth $9,877,423. 10.80% of the stock is owned by insiders.

Institutional Trading of Amazon.com

Large investors have recently modified their holdings of the stock. Burkett Financial Services LLC increased its position in shares of Amazon.com by 9.1% during the first quarter. Burkett Financial Services LLC now owns 4,806 shares of the e-commerce giant’s stock worth $867,000 after acquiring an additional 400 shares in the last quarter. IMPACTfolio LLC bought a new stake in shares of Amazon.com during the 1st quarter valued at about $202,000. Park National Corp OH grew its stake in Amazon.com by 2.0% in the 1st quarter. Park National Corp OH now owns 180,874 shares of the e-commerce giant’s stock worth $32,626,000 after buying an additional 3,494 shares in the last quarter. Modus Advisors LLC lifted its stake in Amazon.com by 0.9% during the first quarter. Modus Advisors LLC now owns 35,065 shares of the e-commerce giant’s stock worth $6,325,000 after purchasing an additional 326 shares during the last quarter. Finally, Peirce Capital Management LLC bought a new stake in Amazon.com in the 1st quarter worth approximately $216,000. 72.20% of the stock is owned by institutional investors and hedge funds.

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.