Amazon.com (NASDAQ:AMZN) Price Target Raised to $285.00

Amazon.com (NASDAQ:AMZN) had its price target lifted by JMP Securities from $250.00 to $285.00 in a report issued on Thursday,Benzinga reports. They currently have a market outperform rating on the e-commerce giant's stock.

A number of other research firms have also commented on AMZN. Needham & Company LLC reaffirmed a "buy" rating and set a $220.00 price objective on shares of Amazon.com in a research note on Friday, May 2nd. Jefferies Financial Group dropped their price objective on Amazon.com from $250.00 to $240.00 and set a "buy" rating on the stock in a report on Tuesday, April 22nd. Rosenblatt Securities increased their price target on Amazon.com from $287.00 to $288.00 and gave the company a "buy" rating in a report on Friday, May 2nd. Citizens Jmp lowered their price target on Amazon.com from $285.00 to $240.00 and set an "outperform" rating on the stock in a report on Monday, April 14th. Finally, Truist Financial increased their price objective on Amazon.com from $226.00 to $250.00 and gave the company a "buy" rating in a research report on Wednesday, July 2nd. Three equities research analysts have rated the stock with a hold rating, forty-five have issued a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $248.24.

Amazon.com Price Performance

Shares of Amazon.com stock traded down $0.28 during trading on Thursday, hitting $222.26. The stock had a trading volume of 30,243,964 shares, compared to its average volume of 42,065,235. 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 firm has a market cap of $2.36 trillion, a P/E ratio of 36.20, a PEG ratio of 1.67 and a beta of 1.33. The business has a fifty day moving average of $208.56 and a two-hundred day moving average of $208.68. Amazon.com has a fifty-two week low of $151.61 and a fifty-two week high of $242.52.

Amazon.com (NASDAQ:AMZN - Get Free Report) last released its quarterly earnings results on Thursday, May 1st. The e-commerce giant reported $1.59 earnings per share 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 analyst estimates of $154.96 billion. During the same quarter last year, the company posted $0.98 EPS. Amazon.com's revenue for the quarter was up 8.6% on a year-over-year basis. On average, sell-side analysts expect that Amazon.com will post 6.31 earnings per share for the current fiscal year.

Insider Transactions at Amazon.com

In related news, SVP David Zapolsky sold 13,570 shares of Amazon.com stock in a transaction dated Thursday, May 22nd. The stock was sold at an average price of $202.41, for a total value of $2,746,703.70. Following the completion of the sale, the senior vice president directly owned 47,030 shares in the company, valued at $9,519,342.30. This trade represents a 22.39% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Douglas J. Herrington sold 2,500 shares of the stock in a transaction on Tuesday, July 1st. The shares were sold at an average price of $220.06, for a total value of $550,150.00. Following the completion of the transaction, 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 position. The disclosure for this sale can be found here. Insiders have sold 6,886,613 shares of company stock valued at $1,531,840,610 in the last three months. Company insiders own 9.70% of the company's stock.

Hedge Funds Weigh In On Amazon.com

Institutional investors have recently modified their holdings of the stock. Tallon Kerry Patrick bought a new position in shares of Amazon.com during the 4th quarter valued at about $800,000. Capital & Planning LLC raised its stake in shares of Amazon.com by 72.1% during the 4th quarter. Capital & Planning LLC now owns 3,902 shares of the e-commerce giant's stock worth $856,000 after purchasing an additional 1,635 shares in the last quarter. LaFleur & Godfrey LLC raised its stake in 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 acquiring an additional 860 shares during the period. Brighton Jones LLC raised its stake in 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 acquiring an additional 397,007 shares during the period. Finally, Union Bancaire Privee UBP SA bought a new stake in Amazon.com in the 4th quarter valued at $301,650,000. 72.20% of the stock is currently 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.