Moffett Nathanson Boosts Amazon.com (NASDAQ:AMZN) Price Target to $253.00

Amazon.com (NASDAQ:AMZN) had its price target raised by analysts at Moffett Nathanson from $250.00 to $253.00 in a research note issued to investors on Tuesday, Marketbeat reports. The firm presently has a "buy" rating on the e-commerce giant's stock. Moffett Nathanson's price objective points to a potential upside of 15.24% from the stock's previous close.

A number of other equities research analysts also recently issued reports on AMZN. UBS Group reiterated a "buy" rating on shares of Amazon.com in a research report on Tuesday, May 6th. Rosenblatt Securities increased their price target on shares of Amazon.com from $287.00 to $288.00 and gave the company a "buy" rating in a report on Friday, May 2nd. Scotiabank dropped their price objective on shares of Amazon.com from $306.00 to $250.00 and set a "sector outperform" rating on the stock in a report on Monday, April 21st. Westpark Capital reiterated a "buy" rating and issued a $280.00 target price on shares of Amazon.com in a research note on Friday, May 2nd. Finally, Royal Bank Of Canada cut their price target on Amazon.com from $235.00 to $230.00 and set an "outperform" rating for the company in a report on Friday, May 2nd. Four research analysts have rated the stock with a hold rating and forty-five have assigned a 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 price target of $245.81.

Amazon.com Stock Performance

Shares of AMZN stock traded up $2.43 during trading hours on Tuesday, reaching $219.55. The stock had a trading volume of 38,367,423 shares, compared to its average volume of 41,979,054. The firm has a 50-day simple moving average of $201.25 and a 200-day simple moving average of $209.02. The firm has a market capitalization of $2.33 trillion, a PE ratio of 35.73, a price-to-earnings-growth ratio of 1.60 and a beta of 1.33. Amazon.com has a twelve month low of $151.61 and a twelve month high of $242.52. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.05 and a quick ratio of 0.84.

Amazon.com (NASDAQ:AMZN - Get Free Report) last released its earnings results 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 firm had revenue of $155.67 billion for the quarter, compared to analyst estimates of $154.96 billion. During the same period in the previous year, the company earned $0.98 earnings per share. Amazon.com's revenue was up 8.6% compared to the same quarter last year. As a group, equities analysts forecast that Amazon.com will post 6.31 earnings per share for the current year.

Insider Activity

In related news, CEO Matthew S. Garman sold 20,923 shares of the company's stock in a transaction on Wednesday, May 21st. The shares were sold at an average price of $201.30, for a total value of $4,211,799.90. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Keith Brian Alexander sold 1,000 shares of the firm's stock in a transaction dated Monday, May 12th. The shares were sold at an average price of $210.68, for a total value of $210,680.00. Following the sale, the director now owns 5,465 shares in the company, valued at $1,151,366.20. The trade was a 15.47% decrease in their position. The disclosure for this sale can be found here. Insiders sold 102,037 shares of company stock valued at $20,531,075 in the last three months. Company insiders own 9.70% of the company's stock.

Hedge Funds Weigh In On Amazon.com

Several institutional investors have recently modified their holdings of AMZN. Castlekeep Investment Advisors LLC purchased a new position in shares of Amazon.com in the fourth quarter worth about $25,000. Prudent Man Investment Management Inc. purchased a new position in Amazon.com in the 4th quarter worth approximately $27,000. LSV Asset Management bought a new stake in Amazon.com in the fourth quarter valued at approximately $35,000. Cooksen Wealth LLC purchased a new stake in shares of Amazon.com during the first quarter valued at approximately $36,000. Finally, Inlight Wealth Management LLC bought a new position in shares of Amazon.com in the first quarter worth approximately $40,000. 72.20% of the stock is currently owned by institutional investors.

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.