Amazon.com, Inc. (NASDAQ:AMZN) was up 1.2% during mid-day trading on Wednesday after JMP Securities raised their price target on the stock from $250.00 to $285.00. JMP Securities currently has a market outperform rating on the stock. Amazon.com traded as high as $224.29 and last traded at $221.91. Approximately 13,986,526 shares were traded during trading, a decline of 67% from the average daily volume of 41,946,276 shares. The stock had previously closed at $219.36.
AMZN has been the topic of a number of other reports. BNP Paribas Exane raised Amazon.com from a "neutral" rating to an "outperform" rating and set a $254.00 target price on the stock in a research report on Friday, June 27th. DA Davidson dropped their price target on shares of Amazon.com from $280.00 to $230.00 and set a "buy" rating for the company in a research note on Monday, April 14th. Needham & Company LLC reiterated a "buy" rating and set a $220.00 price objective on shares of Amazon.com in a research note on Friday, May 2nd. Cantor Fitzgerald increased their price objective on shares of Amazon.com from $230.00 to $240.00 and gave the company an "overweight" rating in a research note on Friday, May 2nd. Finally, Stifel Nicolaus reduced their price objective on shares of Amazon.com from $248.00 to $245.00 and set a "buy" rating on the stock in a research note on Friday, May 2nd. Three equities research analysts have rated the stock with a hold rating, forty-five have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, Amazon.com presently has an average rating of "Moderate Buy" and a consensus target price of $247.12.
Check Out Our Latest Analysis on Amazon.com
Insider Activity
In other Amazon.com news, CEO Matthew S. Garman sold 20,923 shares of the firm's stock in a transaction dated Wednesday, May 21st. The shares were sold at an average price of $201.30, for a total transaction of $4,211,799.90. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CFO Brian T. Olsavsky sold 17,750 shares of the company's stock in a transaction on Wednesday, May 21st. The shares were sold at an average price of $201.57, for a total value of $3,577,867.50. Following the completion of the transaction, the chief financial officer directly owned 49,000 shares in the company, valued at $9,876,930. This represents a 26.59% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 6,886,613 shares of company stock worth $1,531,840,610 in the last 90 days. 9.70% of the stock is currently owned by corporate insiders.
Institutional Inflows and Outflows
Several institutional investors have recently modified their holdings of AMZN. Castlekeep Investment Advisors LLC acquired a new stake in shares of Amazon.com during the fourth quarter worth approximately $25,000. Prudent Man Investment Management Inc. bought a new position in shares of Amazon.com in the fourth quarter valued at approximately $27,000. Carderock Capital Management Inc. bought a new position in Amazon.com during the second quarter worth $27,000. LSV Asset Management acquired a new stake in Amazon.com during the fourth quarter worth $35,000. Finally, Cooksen Wealth LLC acquired a new stake in Amazon.com during the first quarter worth $36,000. Institutional investors own 72.20% of the company's stock.
Amazon.com Trading Down 0.1%
The company's fifty day moving average price is $208.56 and its two-hundred day moving average price is $208.68. 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 firm has a market cap of $2.36 trillion, a P/E ratio of 36.20, a price-to-earnings-growth ratio of 1.65 and a beta of 1.33.
Amazon.com (NASDAQ:AMZN - Get Free Report) last issued its earnings results on Thursday, May 1st. The e-commerce giant reported $1.59 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.38 by $0.21. The company had revenue of $155.67 billion for the quarter, compared to analyst estimates of $154.96 billion. Amazon.com had a net margin of 10.14% and a return on equity of 24.14%. The company's revenue for the quarter was up 8.6% on a year-over-year basis. During the same quarter last year, the firm earned $0.98 EPS. As a group, sell-side analysts predict that Amazon.com, Inc. will post 6.31 EPS for the current fiscal year.
About Amazon.com
(
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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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