Amazon.com (NASDAQ:AMZN) Price Target Raised to $325.00 at KeyCorp

Amazon.com (NASDAQ:AMZN) had its target price increased by equities research analysts at KeyCorp from $285.00 to $325.00 in a report released on Monday, Marketbeat Ratings reports. The brokerage currently has an “overweight” rating on the e-commerce giant’s stock. KeyCorp’s target price suggests a potential upside of 29.71% from the company’s current price.

A number of other brokerages have also issued reports on AMZN. Oppenheimer set a $260.00 price objective on shares of Amazon.com and gave the company an “outperform” rating in a report on Friday, February 6th. New Street Research decreased their target price on shares of Amazon.com from $285.00 to $280.00 and set a “buy” rating for the company in a research report on Monday, March 30th. Bank of America decreased their target price on shares of Amazon.com from $303.00 to $286.00 and set a “buy” rating for the company in a research report on Tuesday, January 27th. Evercore reissued an “outperform” rating on shares of Amazon.com in a research report on Thursday, April 9th. Finally, Wolfe Research decreased their target price on shares of Amazon.com from $255.00 to $250.00 and set an “outperform” rating for the company in a research report on Thursday, March 19th. One investment analyst has rated the stock with a Strong Buy rating, fifty-four have issued a Buy rating and four have assigned a Hold rating to the company. Based on data from MarketBeat, Amazon.com presently has an average rating of “Moderate Buy” and an average target price of $288.30.

Read Our Latest Analysis on AMZN

Amazon.com Price Performance

Shares of NASDAQ AMZN opened at $250.56 on Monday. The company has a 50 day simple moving average of $213.76 and a 200 day simple moving average of $225.14. The firm has a market cap of $2.69 trillion, a PE ratio of 34.95, a price-to-earnings-growth ratio of 1.88 and a beta of 1.38. Amazon.com has a 1 year low of $165.29 and a 1 year high of $258.60. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.05 and a quick ratio of 0.88.

Amazon.com (NASDAQ:AMZNGet Free Report) last issued its quarterly earnings data on Thursday, February 5th. The e-commerce giant reported $1.95 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.97 by ($0.02). The business had revenue of $213.39 billion during the quarter, compared to the consensus estimate of $211.02 billion. Amazon.com had a net margin of 10.83% and a return on equity of 21.87%. The firm’s quarterly revenue was up 13.6% compared to the same quarter last year. During the same quarter last year, the business earned $1.86 EPS. On average, research analysts forecast that Amazon.com will post 6.31 EPS for the current year.

Insider Activity at Amazon.com

In other news, CEO Andrew R. Jassy sold 19,872 shares of the firm’s stock in a transaction that occurred on Monday, February 23rd. The shares were sold at an average price of $205.18, for a total transaction of $4,077,336.96. Following the completion of the sale, the chief executive officer owned 2,238,118 shares of the company’s stock, valued at $459,217,051.24. This trade represents a 0.88% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. Also, CEO Douglas J. Herrington sold 20,500 shares of the firm’s stock in a transaction that occurred on Tuesday, April 14th. The stock was sold at an average price of $245.00, for a total transaction of $5,022,500.00. Following the sale, the chief executive officer directly owned 499,861 shares of the company’s stock, valued at approximately $122,465,945. This trade represents a 3.94% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last quarter, insiders have sold 93,186 shares of company stock worth $19,921,739. Corporate insiders own 10.80% of the company’s stock.

Institutional Trading of Amazon.com

Several large investors have recently modified their holdings of the stock. Norges Bank bought a new position in shares of Amazon.com in the 4th quarter worth $32,868,735,000. Auto Owners Insurance Co lifted its holdings in shares of Amazon.com by 27,376.7% in the 4th quarter. Auto Owners Insurance Co now owns 98,448,885 shares of the e-commerce giant’s stock worth $2,272,397,000 after purchasing an additional 98,090,585 shares in the last quarter. J. Stern & Co. LLP lifted its holdings in shares of Amazon.com by 20,598.0% in the 4th quarter. J. Stern & Co. LLP now owns 87,982,814 shares of the e-commerce giant’s stock worth $20,308,193,000 after purchasing an additional 87,557,736 shares in the last quarter. Nuveen LLC bought a new position in shares of Amazon.com in the 1st quarter worth $11,674,091,000. Finally, Cardano Risk Management B.V. lifted its holdings in shares of Amazon.com by 879.4% in the 4th quarter. Cardano Risk Management B.V. now owns 27,862,400 shares of the e-commerce giant’s stock worth $6,431,199,000 after purchasing an additional 25,017,588 shares in the last quarter. Institutional investors and hedge funds own 72.20% of the company’s stock.

More Amazon.com News

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Amazon.com Company Profile

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Amazon.com, Inc is a diversified technology and retail company best known for its e-commerce marketplace and broad portfolio of consumer and enterprise services. Founded by Jeff Bezos in 1994 and headquartered in Seattle, Washington, the company launched as an online bookseller and expanded into a global retail platform that sells products directly to consumers and provides a marketplace for third-party sellers. Over time Amazon has grown beyond retail into areas including cloud computing, digital media, devices and logistics.

Key businesses and offerings include Amazon’s online marketplace and fulfillment services, the Amazon Prime membership program (which bundles expedited shipping with streaming and other benefits), Amazon Web Services (AWS) which supplies on-demand cloud computing and storage to businesses and public-sector customers, and a range of content and advertising services such as Prime Video and Amazon Advertising.

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