Amazon.com (NASDAQ:AMZN) Price Target Raised to $244.00 at Robert W. Baird

Amazon.com (NASDAQ:AMZN) had its price objective increased by research analysts at Robert W. Baird from $220.00 to $244.00 in a report issued on Monday,Benzinga reports. The brokerage presently has an "outperform" rating on the e-commerce giant's stock. Robert W. Baird's price target indicates a potential upside of 7.90% from the stock's current price.

AMZN has been the topic of a number of other research reports. JPMorgan Chase & Co. boosted their price objective on Amazon.com from $240.00 to $255.00 and gave the stock an "overweight" rating in a research note on Friday, July 11th. Bank of America boosted their price objective on Amazon.com from $230.00 to $248.00 and gave the stock a "buy" rating in a research note on Monday, June 2nd. BNP Paribas upgraded Amazon.com from a "hold" rating to a "strong-buy" rating in a research note on Friday, June 27th. Cantor Fitzgerald boosted their price objective on Amazon.com from $240.00 to $260.00 and gave the stock an "overweight" rating in a research note on Wednesday, July 16th. Finally, Benchmark restated a "buy" rating and set a $260.00 price objective on shares of Amazon.com in a research note on Friday, May 2nd. 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 company. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $250.02.

Amazon.com Price Performance

Shares of NASDAQ:AMZN opened at $226.13 on Monday. The company has a market cap of $2.40 trillion, a P/E ratio of 36.83, a P/E/G ratio of 1.69 and a beta of 1.33. The company has a quick ratio of 0.84, a current ratio of 1.05 and a debt-to-equity ratio of 0.17. Amazon.com has a 52 week low of $151.61 and a 52 week high of $242.52. The business has a fifty day simple moving average of $213.50 and a 200-day simple moving average of $208.51.

Amazon.com (NASDAQ:AMZN - Get Free Report) last announced its quarterly earnings data on Thursday, May 1st. The e-commerce giant reported $1.59 EPS for the quarter, beating 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 during the quarter, compared to the consensus estimate of $154.96 billion. During the same quarter in the previous year, the business earned $0.98 earnings per share. The business's revenue for the quarter was up 8.6% on a year-over-year basis. Equities research analysts forecast that Amazon.com will post 6.31 EPS for the current year.

Insider Buying and Selling

In other news, insider Jeffrey P. Bezos sold 733,195 shares of the stock in a transaction on Tuesday, July 15th. The stock was sold at an average price of $227.02, for a total transaction of $166,449,928.90. Following the completion of the sale, the insider owned 894,546,706 shares in the company, valued at approximately $203,079,993,196.12. This represents a 0.08% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Douglas J. Herrington sold 2,500 shares of the business's stock in a transaction on Tuesday, July 1st. The shares were sold at an average price of $220.06, for a total transaction of $550,150.00. Following the sale, the chief executive officer directly owned 514,550 shares in the company, valued at approximately $113,231,873. This trade represents a 0.48% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 14,335,232 shares of company stock valued at $3,210,622,570 over the last 90 days. 10.80% of the stock is currently owned by insiders.

Institutional Trading of Amazon.com

Several large investors have recently added to or reduced their stakes in the company. Castlekeep Investment Advisors LLC acquired a new position in shares of Amazon.com in the fourth quarter worth $25,000. Prudent Man Investment Management Inc. acquired a new position in shares of Amazon.com in the fourth quarter worth $27,000. Carderock Capital Management Inc. acquired a new position in shares of Amazon.com in the second quarter worth $27,000. LSV Asset Management acquired a new position in shares of Amazon.com in the fourth quarter worth $35,000. Finally, Cooksen Wealth LLC acquired a new position in shares of Amazon.com in the first quarter worth $36,000. 72.20% of the stock is owned by institutional investors and hedge funds.

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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