Citigroup Issues Pessimistic Forecast for Amazon.com (NASDAQ:AMZN) Stock Price

Amazon.com (NASDAQ:AMZN) had its target price trimmed by Citigroup from $273.00 to $225.00 in a research note issued to investors on Monday morning, Marketbeat Ratings reports. The brokerage currently has a buy rating on the e-commerce giant's stock.

A number of other equities research analysts have also recently weighed in on the company. Telsey Advisory Group restated an "outperform" rating and issued a $275.00 price target on shares of Amazon.com in a research note on Friday, February 7th. Piper Sandler reissued an "overweight" rating and set a $265.00 target price (up previously from $225.00) on shares of Amazon.com in a report on Friday, February 7th. Sanford C. Bernstein upped their price target on shares of Amazon.com from $235.00 to $265.00 and gave the company an "outperform" rating in a research note on Wednesday, December 18th. Cantor Fitzgerald restated an "overweight" rating and set a $270.00 target price on shares of Amazon.com in a research report on Friday, February 7th. Finally, Morgan Stanley lowered their price objective on Amazon.com from $280.00 to $245.00 and set an "overweight" rating on the stock in a research note on Monday. Two investment analysts have rated the stock with a hold rating, forty-four have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, Amazon.com presently has a consensus rating of "Moderate Buy" and a consensus price target of $252.73.

Amazon.com Stock Down 1.0 %

Shares of AMZN traded down $1.82 during midday trading on Monday, hitting $172.51. The stock had a trading volume of 44,456,290 shares, compared to its average volume of 41,741,255. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.06 and a quick ratio of 0.87. The firm has a market cap of $1.83 trillion, a price-to-earnings ratio of 31.19, a price-to-earnings-growth ratio of 1.50 and a beta of 1.39. The company has a 50 day simple moving average of $199.65 and a two-hundred day simple moving average of $207.97. Amazon.com has a twelve month low of $151.61 and a twelve month high of $242.52.

Amazon.com (NASDAQ:AMZN - Get Free Report) last announced its earnings results on Thursday, February 6th. The e-commerce giant reported $1.86 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.52 by $0.34. Amazon.com had a return on equity of 24.25% and a net margin of 9.29%. On average, analysts anticipate that Amazon.com will post 6.31 EPS for the current year.

Insider Transactions at Amazon.com

In other news, CEO Douglas J. Herrington sold 2,500 shares of the business's stock in a transaction that occurred on Tuesday, April 1st. The shares were sold at an average price of $187.99, for a total transaction of $469,975.00. Following the completion of the transaction, 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Shelley Reynolds sold 8,833 shares of the company's stock in a transaction on Friday, February 21st. The shares were sold at an average price of $222.47, for a total value of $1,965,077.51. Following the sale, the vice president now owns 119,780 shares of the company's stock, valued at approximately $26,647,456.60. This trade represents a 6.87 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 104,798 shares of company stock valued at $23,341,803. Insiders own 10.80% of the company's stock.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in AMZN. Prudent Man Investment Management Inc. bought a new stake in Amazon.com during the 4th quarter valued at approximately $27,000. Accordant Advisory Group Inc boosted its holdings in shares of Amazon.com by 400.0% in the 4th quarter. Accordant Advisory Group Inc now owns 125 shares of the e-commerce giant's stock worth $27,000 after purchasing an additional 100 shares during the period. LSV Asset Management bought a new position in Amazon.com during the fourth quarter valued at $35,000. Perritt Capital Management Inc raised its position in Amazon.com by 72.7% in the 4th quarter. Perritt Capital Management Inc now owns 190 shares of the e-commerce giant's stock worth $42,000 after purchasing an additional 80 shares during the period. Finally, Compass Planning Associates Inc purchased a new stake in shares of Amazon.com in the fourth quarter worth approximately $51,000. 72.20% of the stock is owned by hedge funds and other institutional investors.

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.