Amazon.com (NASDAQ:AMZN) Price Target Raised to $255.00 at JPMorgan Chase & Co.

Amazon.com (NASDAQ:AMZN) had its price target increased by equities researchers at JPMorgan Chase & Co. from $240.00 to $255.00 in a report released on Friday,Briefing.com Automated Import reports. The firm presently has an "overweight" rating on the e-commerce giant's stock. JPMorgan Chase & Co.'s price objective would suggest a potential upside of 14.73% from the company's current price.

Several other analysts also recently weighed in on the company. Needham & Company LLC reissued a "buy" rating and issued a $220.00 target price on shares of Amazon.com in a report on Friday, May 2nd. Tigress Financial boosted their price target on Amazon.com from $290.00 to $305.00 and gave the company a "buy" rating in a research report on Tuesday, May 6th. Bank of America increased their price target on Amazon.com from $230.00 to $248.00 and gave the company a "buy" rating in a report on Monday, June 2nd. Citizens Jmp initiated coverage on Amazon.com in a research note on Thursday. They set a "strong-buy" rating on the stock. Finally, Moffett Nathanson increased their price objective on Amazon.com from $250.00 to $253.00 and gave the stock a "buy" rating in a report on Tuesday, June 24th. Three analysts have rated the stock with a hold rating, forty-five have given a buy rating and two have given a strong buy rating to the company. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $248.63.

Amazon.com Trading Down 0.1%

Shares of NASDAQ:AMZN opened at $222.26 on Friday. The company has a current ratio of 1.05, a quick ratio of 0.84 and a debt-to-equity ratio of 0.17. The company has a market capitalization of $2.36 trillion, a PE ratio of 36.20, a P/E/G ratio of 1.67 and a beta of 1.33. Amazon.com has a 12-month low of $151.61 and a 12-month high of $242.52. The business's fifty day simple moving average is $209.20 and its 200-day simple moving average is $208.66.

Amazon.com (NASDAQ:AMZN - Get Free Report) last issued its quarterly earnings results on Thursday, May 1st. The e-commerce giant reported $1.59 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 company had revenue of $155.67 billion during the quarter, compared to analysts' expectations of $154.96 billion. During the same quarter in the previous year, the firm posted $0.98 EPS. The firm's revenue was up 8.6% compared to the same quarter last year. As a group, equities research analysts predict that Amazon.com will post 6.31 earnings per share for the current fiscal year.

Insider Transactions at Amazon.com

In other Amazon.com news, CFO Brian T. Olsavsky sold 17,750 shares of Amazon.com stock in a transaction on Wednesday, May 21st. The shares were sold at an average price of $201.57, for a total transaction of $3,577,867.50. Following the completion of the sale, the chief financial officer owned 49,000 shares of the company's stock, valued at approximately $9,876,930. The trade was a 26.59% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP David Zapolsky sold 13,570 shares of the business's stock in a transaction on Thursday, May 22nd. The shares were sold at an average price of $202.41, for a total transaction of $2,746,703.70. Following the completion of the transaction, the senior vice president directly owned 47,030 shares of the company's stock, valued at $9,519,342.30. This trade represents a 22.39% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 6,886,613 shares of company stock worth $1,531,840,610 over the last ninety days. 9.70% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Amazon.com

Institutional investors and hedge funds have recently made changes to their positions in the company. Tallon Kerry Patrick acquired a new position in Amazon.com in the 4th quarter worth $800,000. Capital & Planning LLC raised its holdings in shares of Amazon.com by 72.1% in the 4th quarter. Capital & Planning LLC now owns 3,902 shares of the e-commerce giant's stock valued at $856,000 after purchasing an additional 1,635 shares during the period. LaFleur & Godfrey LLC raised its holdings in shares of Amazon.com by 1.8% in the 4th quarter. LaFleur & Godfrey LLC now owns 49,407 shares of the e-commerce giant's stock valued at $10,839,000 after purchasing an additional 860 shares during the period. Brighton Jones LLC raised its holdings in shares of Amazon.com by 10.9% in the 4th quarter. Brighton Jones LLC now owns 4,036,091 shares of the e-commerce giant's stock valued at $885,478,000 after purchasing an additional 397,007 shares during the period. Finally, Union Bancaire Privee UBP SA acquired a new position in Amazon.com in the 4th quarter valued at about $301,650,000. Institutional investors and hedge funds 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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