Robert W. Baird Forecasts Strong Price Appreciation for Amazon.com (NASDAQ:AMZN) Stock

Amazon.com (NASDAQ:AMZN) had its price objective boosted by Robert W. Baird from $213.00 to $220.00 in a research report sent to investors on Friday morning, Benzinga reports. The brokerage currently has an outperform rating on the e-commerce giant’s stock.

A number of other equities research analysts have also commented on the company. Bank of America increased their price target on Amazon.com from $210.00 to $230.00 and gave the company a “buy” rating in a research report on Friday. Royal Bank of Canada restated an “outperform” rating and issued a $215.00 price objective on shares of Amazon.com in a research note on Friday, August 2nd. Morgan Stanley restated an “overweight” rating and issued a $210.00 price objective on shares of Amazon.com in a research note on Thursday, October 3rd. Loop Capital upped their price target on Amazon.com from $750.00 to $800.00 and gave the company a “buy” rating in a research report on Wednesday, October 16th. Finally, Monness Crespi & Hardt upped their price target on Amazon.com from $225.00 to $245.00 and gave the company a “buy” rating in a research report on Friday. Two analysts have rated the stock with a hold rating, forty have issued a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $246.48.

Amazon.com Price Performance

Amazon.com stock opened at $195.78 on Friday. The stock has a market capitalization of $2.05 trillion, a price-to-earnings ratio of 41.92, a PEG ratio of 1.42 and a beta of 1.14. Amazon.com has a 52-week low of $138.36 and a 52-week high of $201.20. The stock’s 50 day moving average price is $185.23 and its two-hundred day moving average price is $183.89. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.88 and a current ratio of 1.10.

Amazon.com (NASDAQ:AMZN) last issued its earnings results on Thursday, October 31st. The e-commerce giant reported $1.43 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.14 by $0.29. Amazon.com had a return on equity of 23.46% and a net margin of 8.04%. The company had revenue of $158.88 billion for the quarter, compared to analysts’ expectations of $157.28 billion. During the same period last year, the business earned $0.85 EPS. Amazon.com’s quarterly revenue was up 11.0% compared to the same quarter last year. On average, equities analysts predict that Amazon.com will post 4.84 earnings per share for the current year.

Insiders Place Their Bets

In other Amazon.com 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 transaction, the chief financial officer now directly owns 49,000 shares of the company’s stock, valued at approximately $8,820,000. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In other Amazon.com 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 transaction, the chief financial officer now directly owns 49,000 shares of the company’s stock, valued at approximately $8,820,000. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, SVP David Zapolsky sold 9,490 shares of the firm’s stock in a transaction dated Wednesday, August 21st. The stock was sold at an average price of $180.88, for a total value of $1,716,551.20. Following the completion of the transaction, the senior vice president now directly owns 64,610 shares in the company, valued at $11,686,656.80. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 50,855 shares of company stock valued at $9,215,048. Insiders own 10.80% of the company’s stock.

Institutional Trading of Amazon.com

A number of large investors have recently added to or reduced their stakes in AMZN. PayPay Securities Corp increased its stake in Amazon.com by 64.6% in the 2nd quarter. PayPay Securities Corp now owns 163 shares of the e-commerce giant’s stock worth $32,000 after acquiring an additional 64 shares during the last quarter. Hoese & Co LLP purchased a new position in shares of Amazon.com in the 3rd quarter worth approximately $37,000. Bull Oak Capital LLC purchased a new position in shares of Amazon.com in the 3rd quarter worth approximately $45,000. Values First Advisors Inc. purchased a new position in shares of Amazon.com in the 3rd quarter worth approximately $56,000. Finally, Christopher J. Hasenberg Inc boosted its holdings in Amazon.com by 650.0% during the 2nd quarter. Christopher J. Hasenberg Inc now owns 300 shares of the e-commerce giant’s stock valued at $58,000 after acquiring an additional 260 shares during the period. Institutional investors 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.