Amazon.com (NASDAQ:AMZN) Stock Price Expected to Rise, BMO Capital Markets Analyst Says

Amazon.com (NASDAQ:AMZN) had its price target increased by equities research analysts at BMO Capital Markets from $233.00 to $270.00 in a note issued to investors on Tuesday,Benzinga reports. The firm currently has an "outperform" rating on the e-commerce giant's stock. BMO Capital Markets' price target would indicate a potential upside of 18.62% from the stock's previous close.

Several other equities research analysts have also recently commented on AMZN. Raymond James Financial reaffirmed an "outperform" rating and issued a $195.00 price objective (down from $275.00) on shares of Amazon.com in a research report on Monday, April 21st. Morgan Stanley increased their price target on shares of Amazon.com from $250.00 to $300.00 and gave the stock an "overweight" rating in a research report on Thursday, July 10th. Wells Fargo & Company increased their price objective on shares of Amazon.com from $201.00 to $238.00 and gave the company an "equal weight" rating in a research note on Tuesday, July 8th. UBS Group reaffirmed a "buy" rating on shares of Amazon.com in a research note on Tuesday, May 6th. Finally, JMP Securities lifted their price target on shares of Amazon.com from $250.00 to $285.00 and gave the company a "market outperform" rating in a research note on Thursday, July 10th. Three research analysts have rated the stock with a hold rating, forty-five have assigned a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat.com, Amazon.com presently has a consensus rating of "Moderate Buy" and a consensus price target of $251.67.

Amazon.com Trading Down 0.7%

Shares of AMZN stock traded down $1.68 on Tuesday, hitting $227.62. The stock had a trading volume of 12,184,665 shares, compared to its average volume of 41,867,878. 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 capitalization of $2.42 trillion, a P/E ratio of 37.06, a P/E/G ratio of 1.69 and a beta of 1.33. Amazon.com has a 1 year low of $151.61 and a 1 year high of $242.52. The company's 50 day moving average price is $213.50 and its 200-day moving average price is $208.51.

Amazon.com (NASDAQ:AMZN - Get Free Report) last posted its quarterly earnings data on Thursday, May 1st. The e-commerce giant reported $1.59 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.38 by $0.21. The business had revenue of $155.67 billion for the quarter, compared to analysts' expectations of $154.96 billion. Amazon.com had a return on equity of 24.14% and a net margin of 10.14%. The business's revenue was up 8.6% on a year-over-year basis. During the same quarter last year, the firm earned $0.98 earnings per share. Analysts anticipate that Amazon.com will post 6.31 earnings per share for the current year.

Insider Buying and Selling at Amazon.com

In other news, insider Jeffrey P. Bezos sold 733,195 shares of the firm's stock in a transaction dated Tuesday, July 15th. The shares were sold at an average price of $227.02, for a total value of $166,449,928.90. Following the transaction, the insider directly owned 894,546,706 shares in the company, valued at approximately $203,079,993,196.12. This trade represents a 0.08% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO Douglas J. Herrington sold 2,500 shares of the firm's stock in a transaction dated Tuesday, July 1st. The stock was sold at an average price of $220.06, for a total transaction of $550,150.00. Following the completion of the transaction, the chief executive officer owned 514,550 shares of the company's stock, valued at approximately $113,231,873. The trade was 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 in the last three months. Company insiders own 10.80% of the company's stock.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the business. Castlekeep Investment Advisors LLC bought a new position in shares of Amazon.com during the fourth quarter valued at approximately $25,000. Prudent Man Investment Management Inc. purchased a new stake in shares of Amazon.com in the fourth quarter worth $27,000. Carderock Capital Management Inc. purchased a new stake in shares of Amazon.com during the second quarter valued at $27,000. LSV Asset Management purchased a new stake in shares of Amazon.com during the fourth quarter valued at $35,000. Finally, Cooksen Wealth LLC purchased a new stake in shares of Amazon.com during the first quarter valued at $36,000. Institutional investors and hedge funds own 72.20% of the company's stock.

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.

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