AMZN has been the topic of a number of other reports. The Goldman Sachs Group decreased their target price on Amazon.com from $255.00 to $220.00 and set a “buy” rating on the stock in a research report on Tuesday, April 22nd. Truist Financial boosted their target price on Amazon.com from $226.00 to $250.00 and gave the stock a “buy” rating in a research report on Wednesday, July 2nd. Westpark Capital reiterated a “buy” rating and issued a $280.00 target price on shares of Amazon.com in a research note on Friday, May 2nd. Evercore ISI dropped their target price on Amazon.com from $270.00 to $260.00 and set an “outperform” rating for the company in a research note on Friday, May 2nd. Finally, Jefferies Financial Group dropped their target price on Amazon.com from $250.00 to $240.00 and set a “buy” rating for the company in a research note on Tuesday, April 22nd. 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 stock. According to MarketBeat, Amazon.com presently has a consensus rating of “Moderate Buy” and an average target price of $249.42.

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In other news, SVP David Zapolsky sold 13,570 shares of the firm’s stock in a transaction on Thursday, May 22nd. The shares were sold at an average price of $202.41, for a total transaction of $2,746,703.70. Following the sale, the senior vice president directly owned 47,030 shares in the company, valued at $9,519,342.30. This trade represents a 22.39% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Matthew S. Garman sold 20,923 shares of the firm’s stock in a transaction on Wednesday, May 21st. The shares were sold at an average price of $201.30, for a total transaction of $4,211,799.90. The disclosure for this sale can be found here. In the last ninety days, insiders sold 6,886,613 shares of company stock valued at $1,531,840,610. 9.70% of the stock is currently owned by corporate insiders.

Several institutional investors and hedge funds have recently modified their holdings of the company. Momentous Wealth Management Inc. purchased a new position in Amazon.com during the fourth quarter valued at $749,000. Segall Bryant & Hamill LLC grew its stake in shares of Amazon.com by 14.3% in the 4th quarter. Segall Bryant & Hamill LLC now owns 317,114 shares of the e-commerce giant’s stock worth $69,572,000 after buying an additional 39,696 shares in the last quarter. Bearing Point Capital LLC purchased a new position in shares of Amazon.com in the 4th quarter worth $12,014,000. Evergreen Capital Management LLC grew its stake in shares of Amazon.com by 0.5% in the 4th quarter. Evergreen Capital Management LLC now owns 242,550 shares of the e-commerce giant’s stock worth $53,213,000 after buying an additional 1,198 shares in the last quarter. Finally, Arrowstreet Capital Limited Partnership lifted its holdings in Amazon.com by 173.6% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 3,461,573 shares of the e-commerce giant’s stock valued at $759,434,000 after buying an additional 2,196,353 shares in the last quarter. 72.20% of the stock is currently owned by institutional investors.

The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.84 and a current ratio of 1.05. The firm has a market cap of $2.39 trillion, a P/E ratio of 36.65, a price-to-earnings-growth ratio of 1.67 and a beta of 1.33. The firm’s fifty day moving average price is $209.90 and its 200 day moving average price is $208.63.

Amazon.com (NASDAQ:AMZN – Get Free Report) last posted its earnings results on Thursday, May 1st. The e-commerce giant reported $1.59 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.38 by $0.21. The firm had revenue of $155.67 billion during the quarter, compared to analysts’ expectations of $154.96 billion. Amazon.com had a net margin of 10.14% and a return on equity of 24.14%. The business’s revenue was up 8.6% compared to the same quarter last year. During the same period in the previous year, the business posted $0.98 EPS. Sell-side analysts expect that Amazon.com, Inc. will post 6.31 EPS for the current fiscal year.

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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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