Amazon.com (NASDAQ:AMZN) Price Target Raised to $265.00 at Citigroup

Amazon.com (NASDAQ:AMZN) had its price objective lifted by investment analysts at Citigroup from $225.00 to $265.00 in a report issued on Tuesday, Marketbeat.com reports. The brokerage currently has a "buy" rating on the e-commerce giant's stock. Citigroup's target price indicates a potential upside of 14.11% from the stock's previous close.

Several other equities analysts have also issued reports on AMZN. Scotiabank dropped their price target on Amazon.com from $306.00 to $250.00 and set a "sector outperform" rating on the stock in a research note on Monday, April 21st. UBS Group restated a "buy" rating on shares of Amazon.com in a report on Tuesday, May 6th. Westpark Capital restated a "buy" rating and set a $280.00 price objective on shares of Amazon.com in a report on Friday, May 2nd. BNP Paribas upgraded Amazon.com from a "hold" rating to a "strong-buy" rating in a report on Friday, June 27th. Finally, Barclays lowered their price target on Amazon.com from $265.00 to $240.00 and set an "overweight" rating for the company in a research report on Friday, May 2nd. Three research analysts have rated the stock with a hold rating, forty-five have assigned a buy rating and two have issued a strong buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $254.33.

Amazon.com Stock Performance

Amazon.com stock traded up $3.94 during mid-day trading on Tuesday, hitting $232.23. 42,796,887 shares of the company's stock traded hands, compared to its average volume of 44,273,316. The firm has a 50 day simple moving average of $214.60 and a two-hundred day simple moving average of $208.81. Amazon.com has a fifty-two week low of $151.61 and a fifty-two week high of $242.52. The stock has a market cap of $2.47 trillion, a price-to-earnings ratio of 37.82, a P/E/G ratio of 1.70 and a beta of 1.33. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.05 and a quick ratio of 0.84.

Amazon.com (NASDAQ:AMZN - Get Free Report) last announced its quarterly earnings results on Thursday, May 1st. The e-commerce giant reported $1.59 EPS 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 firm had revenue of $155.67 billion for the quarter, compared to analyst estimates of $154.96 billion. During the same period last year, the firm posted $0.98 earnings per share. The business's revenue for the quarter was up 8.6% on a year-over-year basis. On average, research analysts expect that Amazon.com will post 6.31 EPS for the current fiscal year.

Insider Buying and Selling

In other Amazon.com news, insider Jeffrey P. Bezos sold 4,273,237 shares of the stock in a transaction that occurred on Friday, July 11th. The stock was sold at an average price of $224.81, for a total transaction of $960,666,409.97. Following the transaction, the insider owned 897,722,088 shares in the company, valued at $201,816,902,603.28. This trade represents a 0.47% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Insiders sold a total of 20,947,939 shares of company stock valued at $4,720,588,785 in the last 90 days. Corporate insiders own 9.70% of the company's stock.

Hedge Funds Weigh In On Amazon.com

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Castlekeep Investment Advisors LLC acquired a new stake in shares of Amazon.com in the fourth quarter worth $25,000. Prudent Man Investment Management Inc. bought a new position in Amazon.com in the fourth quarter worth $27,000. Carderock Capital Management Inc. bought a new position in Amazon.com in the second quarter worth $27,000. LSV Asset Management bought a new position in Amazon.com in the fourth quarter worth $35,000. Finally, Cooksen Wealth LLC bought a new position in Amazon.com in the first quarter worth $36,000. Institutional investors and hedge funds own 72.20% of the company's stock.

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.