Amazon.com (NASDAQ:AMZN) Stock Price Expected to Rise, Tigress Financial Analyst Says

Amazon.com (NASDAQ:AMZN) had its target price increased by equities researchers at Tigress Financial from $290.00 to $305.00 in a note issued to investors on Tuesday,Benzinga reports. The brokerage presently has a "buy" rating on the e-commerce giant's stock. Tigress Financial's price objective indicates a potential upside of 63.45% from the company's current price.

Several other equities research analysts have also recently issued reports on the stock. DA Davidson lowered their target price on shares of Amazon.com from $280.00 to $230.00 and set a "buy" rating on the stock in a research note on Monday, April 14th. Needham & Company LLC restated a "buy" rating and set a $220.00 price target on shares of Amazon.com in a research report on Friday. Morgan Stanley cut their price objective on shares of Amazon.com from $280.00 to $245.00 and set an "overweight" rating for the company in a report on Monday, April 14th. Cantor Fitzgerald boosted their target price on Amazon.com from $230.00 to $240.00 and gave the stock an "overweight" rating in a report on Friday. Finally, Citigroup reaffirmed an "outperform" rating on shares of Amazon.com in a report on Friday. Four analysts have rated the stock with a hold rating and forty-four have assigned a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $244.09.

Amazon.com Price Performance

Shares of AMZN stock traded up $0.26 on Tuesday, reaching $186.61. 10,132,724 shares of the company were exchanged, compared to its average volume of 46,038,258. Amazon.com has a 1 year low of $151.61 and a 1 year high of $242.52. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.87 and a current ratio of 1.06. The business has a 50-day moving average price of $189.92 and a 200 day moving average price of $208.04. The company has a market cap of $1.98 trillion, a price-to-earnings ratio of 33.76, a P/E/G ratio of 1.50 and a beta of 1.30.

Amazon.com (NASDAQ:AMZN - Get Free Report) last posted its quarterly earnings data on Thursday, May 1st. The e-commerce giant reported $1.59 EPS for the quarter, topping the consensus estimate of $1.38 by $0.21. The company had revenue of $155.67 billion during the quarter, compared to analyst estimates of $154.96 billion. Amazon.com had a return on equity of 24.25% and a net margin of 9.29%. Amazon.com's quarterly revenue was up 8.6% on a year-over-year basis. During the same period in the previous year, the business earned $0.98 EPS. Equities research analysts forecast that Amazon.com will post 6.31 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, CEO Andrew R. Jassy sold 20,784 shares of Amazon.com stock in a transaction dated Friday, February 21st. The stock was sold at an average price of $220.65, for a total transaction of $4,585,989.60. Following the sale, the chief executive officer now owns 2,118,886 shares in the company, valued at approximately $467,532,195.90. The trade was a 0.97 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Douglas J. Herrington sold 2,500 shares of the business's stock in a transaction dated Tuesday, April 1st. The shares were sold at an average price of $187.99, for a total value of $469,975.00. Following the completion of the sale, the chief executive officer now directly owns 509,474 shares of the company's stock, valued at $95,776,017.26. The trade was a 0.49 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 107,298 shares of company stock worth $23,818,478 in the last ninety days. 9.70% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Amazon.com

Institutional investors have recently modified their holdings of the business. Sustainable Growth Advisers LP grew its position in Amazon.com by 6.1% during the 1st quarter. Sustainable Growth Advisers LP now owns 6,573,828 shares of the e-commerce giant's stock worth $1,250,737,000 after purchasing an additional 380,790 shares during the last quarter. Loudon Investment Management LLC raised its position in Amazon.com by 10.2% in the first quarter. Loudon Investment Management LLC now owns 1,080 shares of the e-commerce giant's stock worth $205,000 after acquiring an additional 100 shares in the last quarter. BlueChip Wealth Advisors LLC lifted its holdings in Amazon.com by 13.1% in the first quarter. BlueChip Wealth Advisors LLC now owns 4,646 shares of the e-commerce giant's stock valued at $884,000 after acquiring an additional 537 shares during the period. Proficio Capital Partners LLC grew its stake in shares of Amazon.com by 1.2% during the 1st quarter. Proficio Capital Partners LLC now owns 83,328 shares of the e-commerce giant's stock worth $15,906,000 after purchasing an additional 952 shares during the period. Finally, KLP Kapitalforvaltning AS increased its holdings in shares of Amazon.com by 2.2% in the 1st quarter. KLP Kapitalforvaltning AS now owns 3,250,600 shares of the e-commerce giant's stock valued at $618,459,000 after purchasing an additional 69,500 shares in the last quarter. 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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