Amazon.com (NASDAQ:AMZN) Price Target Lowered to $260.00 at Evercore ISI

Amazon.com (NASDAQ:AMZN) had its price target cut by Evercore ISI from $270.00 to $260.00 in a research report issued on Friday,Benzinga reports. The brokerage currently has an "outperform" rating on the e-commerce giant's stock. Evercore ISI's price objective suggests a potential upside of 39.94% from the company's previous close.

AMZN has been the subject of a number of other reports. Needham & Company LLC restated a "buy" rating and set a $220.00 price target on shares of Amazon.com in a report on Friday. The Goldman Sachs Group reduced their price objective on shares of Amazon.com from $255.00 to $220.00 and set a "buy" rating for the company in a report on Tuesday, April 22nd. Bank of America dropped their target price on Amazon.com from $257.00 to $225.00 and set a "buy" rating for the company in a report on Wednesday, April 9th. DA Davidson decreased their price target on Amazon.com from $280.00 to $230.00 and set a "buy" rating on the stock in a research note on Monday, April 14th. Finally, Deutsche Bank Aktiengesellschaft dropped their price objective on Amazon.com from $287.00 to $206.00 and set a "buy" rating for the company in a research note on Monday, April 14th. Four equities research analysts have rated the stock with a hold rating and forty-four have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of $244.09.

Amazon.com Price Performance

Shares of NASDAQ:AMZN traded down $0.56 during trading hours on Friday, hitting $185.79. 16,654,942 shares of the company's stock traded hands, compared to its average volume of 41,572,498. 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 company's fifty day simple moving average is $189.92 and its two-hundred day simple moving average is $208.04. Amazon.com has a 52 week low of $151.61 and a 52 week high of $242.52. The company has a market cap of $1.97 trillion, a price-to-earnings ratio of 33.53, a price-to-earnings-growth ratio of 1.50 and a beta of 1.30.

Amazon.com (NASDAQ:AMZN - Get Free Report) last announced 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 the consensus estimate of $154.96 billion. Amazon.com had a net margin of 9.29% and a return on equity of 24.25%. The company's 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. As a group, equities analysts anticipate that Amazon.com will post 6.31 EPS for the current fiscal year.

Insider Activity

In other Amazon.com news, VP Shelley Reynolds sold 8,833 shares of the firm's stock in a transaction that occurred on Friday, February 21st. The stock was sold at an average price of $222.47, for a total value of $1,965,077.51. Following the completion of the transaction, the vice president now directly owns 119,780 shares in the company, valued at $26,647,456.60. This trade represents a 6.87 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Douglas J. Herrington sold 27,500 shares of the company's stock in a transaction that occurred on Wednesday, February 12th. The stock was sold at an average price of $230.27, for a total value of $6,332,425.00. Following the sale, the chief executive officer now owns 497,067 shares in the company, valued at approximately $114,459,618.09. This represents a 5.24 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 107,298 shares of company stock worth $23,818,478 over the last ninety days. Insiders own 9.70% of the company's stock.

Institutional Trading of Amazon.com

A number of large investors have recently added to or reduced their stakes in AMZN. Prudent Man Investment Management Inc. bought a new stake in Amazon.com in the 4th quarter valued at $27,000. Accordant Advisory Group Inc grew its stake in Amazon.com by 400.0% in the 4th quarter. Accordant Advisory Group Inc now owns 125 shares of the e-commerce giant's stock valued at $27,000 after buying an additional 100 shares during the last quarter. LSV Asset Management bought a new position in Amazon.com in the 4th quarter valued at about $35,000. Perritt Capital Management Inc lifted its position in Amazon.com by 72.7% during the fourth quarter. Perritt Capital Management Inc now owns 190 shares of the e-commerce giant's stock worth $42,000 after acquiring an additional 80 shares during the last quarter. Finally, Cooksen Wealth LLC acquired a new position in shares of Amazon.com in the first quarter valued at approximately $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.