Amazon.com (NASDAQ:AMZN) Price Target Cut to $253.00 by Analysts at UBS Group

Amazon.com (NASDAQ:AMZN) had its price objective cut by analysts at UBS Group from $272.00 to $253.00 in a report released on Tuesday,Benzinga reports. The firm presently has a "buy" rating on the e-commerce giant's stock. UBS Group's price objective suggests a potential upside of 34.79% from the stock's previous close.

Several other research firms also recently commented on AMZN. Oppenheimer cut their target price on Amazon.com from $260.00 to $220.00 and set an "outperform" rating on the stock in a research note on Monday. Citizens Jmp reduced their price objective on shares of Amazon.com from $285.00 to $240.00 and set an "outperform" rating for the company in a research note on Monday, April 14th. Telsey Advisory Group dropped their target price on shares of Amazon.com from $275.00 to $235.00 and set an "outperform" rating on the stock in a research note on Wednesday, April 23rd. Benchmark raised their price target on shares of Amazon.com from $215.00 to $265.00 and gave the company a "buy" rating in a research report on Tuesday, February 4th. Finally, JMP Securities lowered their price objective on Amazon.com from $285.00 to $240.00 and set a "market outperform" rating on the stock in a research report on Monday, April 14th. Two analysts have rated the stock with a hold rating and forty-five have given a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $246.50.

Amazon.com Price Performance

AMZN opened at $187.70 on Tuesday. Amazon.com has a 12-month low of $151.61 and a 12-month high of $242.52. The company has a market cap of $1.99 trillion, a price-to-earnings ratio of 33.94, a price-to-earnings-growth ratio of 1.50 and a beta of 1.39. The company has a current ratio of 1.06, a quick ratio of 0.87 and a debt-to-equity ratio of 0.18. The stock has a fifty day simple moving average of $192.74 and a two-hundred day simple moving average of $208.04.

Amazon.com (NASDAQ:AMZN - Get Free Report) last posted its quarterly earnings data on Thursday, February 6th. The e-commerce giant reported $1.86 EPS for the quarter, topping the consensus estimate of $1.52 by $0.34. Amazon.com had a net margin of 9.29% and a return on equity of 24.25%. Research analysts predict that Amazon.com will post 6.31 earnings per share for the current fiscal year.

Insider Activity at Amazon.com

In other news, CEO Douglas J. Herrington sold 27,500 shares of Amazon.com stock in a transaction on Wednesday, February 12th. The stock was sold at an average price of $230.27, for a total transaction of $6,332,425.00. Following the completion of the sale, the chief executive officer now directly owns 497,067 shares in the company, valued at approximately $114,459,618.09. This trade represents a 5.24 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP David Zapolsky sold 19,212 shares of the company's stock in a transaction dated Monday, February 24th. The stock was sold at an average price of $217.50, for a total transaction of $4,178,610.00. Following the completion of the transaction, the senior vice president now owns 49,950 shares in the company, valued at approximately $10,864,125. The trade was a 27.78 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 104,798 shares of company stock worth $23,341,803. Insiders own 10.80% of the company's stock.

Hedge Funds Weigh In On Amazon.com

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. Castlekeep Investment Advisors LLC purchased a new position in Amazon.com in the fourth quarter valued at about $25,000. Accordant Advisory Group Inc increased its position in shares of Amazon.com by 400.0% during the fourth quarter. Accordant Advisory Group Inc now owns 125 shares of the e-commerce giant's stock worth $27,000 after purchasing an additional 100 shares in the last quarter. Prudent Man Investment Management Inc. purchased a new stake in shares of Amazon.com during the 4th quarter valued at $27,000. Icon Wealth Advisors LLC grew its stake in Amazon.com by 20.5% during the 3rd quarter. Icon Wealth Advisors LLC now owns 150,661 shares of the e-commerce giant's stock worth $28,000 after buying an additional 25,581 shares during the last quarter. Finally, LSV Asset Management acquired a new stake in Amazon.com in the 4th quarter worth approximately $35,000. 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.

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