Amazon.com, Inc. (NASDAQ:AMZN) Receives $245.81 Average Price Target from Brokerages

Amazon.com, Inc. (NASDAQ:AMZN) has been given an average recommendation of "Moderate Buy" by the forty-eight analysts that are presently covering the firm, MarketBeat.com reports. Two investment analysts have rated the stock with a hold rating, forty-five have assigned a buy rating and one has issued a strong buy rating on the company. The average 1 year price target among brokers that have covered the stock in the last year is $246.23.

A number of equities research analysts have issued reports on the company. DA Davidson decreased their price objective on Amazon.com from $280.00 to $230.00 and set a "buy" rating on the stock in a research report on Monday, April 14th. Cantor Fitzgerald increased their price objective on shares of Amazon.com from $230.00 to $240.00 and gave the stock an "overweight" rating in a research report on Friday, May 2nd. Morgan Stanley dropped their target price on Amazon.com from $280.00 to $245.00 and set an "overweight" rating for the company in a research report on Monday, April 14th. UBS Group reaffirmed a "buy" rating on shares of Amazon.com in a research note on Tuesday, May 6th. Finally, Bank of America raised their price target on Amazon.com from $230.00 to $248.00 and gave the stock a "buy" rating in a research note on Monday, June 2nd.

Amazon.com Price Performance

Shares of AMZN stock traded down $0.54 during mid-day trading on Wednesday, hitting $219.92. The company had a trading volume of 30,814,701 shares, compared to its average volume of 42,036,639. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.05 and a quick ratio of 0.84. The stock's 50 day moving average price is $204.25 and its 200-day moving average price is $208.75. Amazon.com has a 52-week low of $151.61 and a 52-week high of $242.52. The company has a market capitalization of $2.33 trillion, a P/E ratio of 35.82, a P/E/G ratio of 1.65 and a beta of 1.33.

Amazon.com (NASDAQ:AMZN - Get Free Report) last released its quarterly earnings data on Thursday, May 1st. The e-commerce giant reported $1.59 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.38 by $0.21. Amazon.com had a return on equity of 24.14% and a net margin of 10.14%. The business had revenue of $155.67 billion for the quarter, compared to the consensus estimate of $154.96 billion. During the same quarter in the previous year, the company posted $0.98 EPS. The company's revenue was up 8.6% compared to the same quarter last year. Equities research analysts forecast that Amazon.com will post 6.31 earnings per share for the current year.

Insider Transactions at Amazon.com

In related news, CFO Brian T. Olsavsky sold 17,750 shares of the company's stock in a transaction on Wednesday, May 21st. The stock was sold at an average price of $201.57, for a total value of $3,577,867.50. Following the transaction, the chief financial officer directly owned 49,000 shares of the company's stock, valued at $9,876,930. This represents a 26.59% decrease in their position. The transaction was disclosed in a legal filing 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 stock was sold at an average price of $201.30, for a total value of $4,211,799.90. The disclosure for this sale can be found here. Insiders sold a total of 3,424,463 shares of company stock worth $756,747,557 over the last ninety days. 10.80% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of the company. Castlekeep Investment Advisors LLC acquired a new stake in shares of Amazon.com in the fourth quarter worth $25,000. Prudent Man Investment Management Inc. purchased a new stake in Amazon.com in the fourth quarter valued at $27,000. LSV Asset Management acquired a new stake in Amazon.com during the 4th quarter worth about $35,000. Cooksen Wealth LLC acquired a new stake in Amazon.com during the 1st quarter worth about $36,000. Finally, Inlight Wealth Management LLC purchased a new position in shares of Amazon.com during the 1st quarter valued at about $40,000. 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.