JPMorgan Chase & Co. Issues Positive Forecast for Amazon.com (NASDAQ:AMZN) Stock Price

Amazon.com (NASDAQ:AMZN) had its price target upped by JPMorgan Chase & Co. from $220.00 to $225.00 in a research note released on Friday,Benzinga reports. JPMorgan Chase & Co. currently has an overweight rating on the e-commerce giant's stock.

A number of other brokerages have also weighed in on AMZN. Needham & Company LLC reissued a "buy" rating and issued a $220.00 price objective on shares of Amazon.com in a report on Friday. Benchmark lifted their price objective on shares of Amazon.com from $215.00 to $265.00 and gave the company a "buy" rating in a research note on Tuesday, February 4th. Citizens Jmp cut their price objective on shares of Amazon.com from $285.00 to $240.00 and set an "outperform" rating on the stock in a research note on Monday, April 14th. Oppenheimer reduced their target price on shares of Amazon.com from $260.00 to $220.00 and set an "outperform" rating for the company in a report on Monday, April 28th. Finally, Bank of America lowered their price target on shares of Amazon.com from $257.00 to $225.00 and set a "buy" rating on the stock in a report on Wednesday, April 9th. Three equities research 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 an average rating of "Moderate Buy" and a consensus target price of $243.55.

Amazon.com Stock Down 0.1 %

Shares of AMZN traded down $0.22 during mid-day trading on Friday, hitting $189.98. 77,794,995 shares of the company traded hands, compared to its average volume of 41,694,379. The business has a 50 day moving average of $190.48 and a 200 day moving average of $207.92. The company has a market capitalization of $2.02 trillion, a PE ratio of 34.35, a price-to-earnings-growth ratio of 1.50 and a beta of 1.39. The company has a quick ratio of 0.87, a current ratio of 1.06 and a debt-to-equity ratio of 0.18. Amazon.com has a 1-year low of $151.61 and a 1-year high of $242.52.

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

Insiders Place Their Bets

In other Amazon.com 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 value of $4,585,989.60. Following the completion of the transaction, the chief executive officer now directly owns 2,118,886 shares of the company's stock, valued at $467,532,195.90. The trade was a 0.97 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available 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 stock was sold at an average price of $187.99, for a total transaction of $469,975.00. Following the sale, the chief executive officer now owns 509,474 shares in the company, valued at $95,776,017.26. This trade represents a 0.49 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 104,798 shares of company stock valued at $23,341,803 over the last 90 days. 10.80% of the stock is owned by company insiders.

Institutional Investors Weigh In On Amazon.com

Several large investors have recently added to or reduced their stakes in the business. Carson Advisory Inc. grew its stake in shares of Amazon.com by 2.9% in the first quarter. Carson Advisory Inc. now owns 4,777 shares of the e-commerce giant's stock worth $909,000 after acquiring an additional 136 shares in the last quarter. Sachetta LLC boosted its holdings in Amazon.com by 3.6% in the first quarter. Sachetta LLC now owns 10,401 shares of the e-commerce giant's stock valued at $1,979,000 after purchasing an additional 361 shares during the period. Burling Wealth Partners LLC grew its stake in Amazon.com by 1.4% during the 1st quarter. Burling Wealth Partners LLC now owns 109,257 shares of the e-commerce giant's stock worth $20,787,000 after purchasing an additional 1,523 shares in the last quarter. Retirement Planning Co of New England Inc. increased its holdings in Amazon.com by 61.1% during the 1st quarter. Retirement Planning Co of New England Inc. now owns 33,071 shares of the e-commerce giant's stock worth $6,292,000 after purchasing an additional 12,545 shares during the period. Finally, Acas LLC raised its position in Amazon.com by 1.5% in the 1st quarter. Acas LLC now owns 24,712 shares of the e-commerce giant's stock valued at $4,700,000 after purchasing an additional 369 shares in the last quarter. 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.