JPMorgan Chase & Co. Lowers Amazon.com (NASDAQ:AMZN) Price Target to $220.00

Amazon.com (NASDAQ:AMZN) had its price target dropped by research analysts at JPMorgan Chase & Co. from $270.00 to $220.00 in a research note issued on Tuesday,Benzinga reports. The brokerage presently has an "overweight" rating on the e-commerce giant's stock. JPMorgan Chase & Co.'s price objective points to a potential upside of 19.00% from the stock's current price.

Several other research analysts have also weighed in on AMZN. Wells Fargo & Company lowered their price objective on Amazon.com from $207.00 to $203.00 and set an "equal weight" rating for the company in a research report on Tuesday, February 25th. Citigroup reiterated a "buy" rating on shares of Amazon.com in a report on Thursday, April 3rd. Maxim Group upped their target price on shares of Amazon.com from $260.00 to $280.00 and gave the company a "buy" rating in a research report on Friday, February 7th. Morgan Stanley increased their target price on shares of Amazon.com from $230.00 to $280.00 and gave the stock an "overweight" rating in a research note on Monday, January 13th. Finally, Tigress Financial boosted their price target on shares of Amazon.com from $245.00 to $290.00 and gave the company a "buy" rating in a research note on Friday, December 20th. Two equities research analysts have rated the stock with a hold rating, forty-three have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, Amazon.com presently has a consensus rating of "Moderate Buy" and a consensus price target of $258.19.

Amazon.com Trading Up 2.0 %

NASDAQ:AMZN traded up $3.65 during trading hours on Tuesday, hitting $184.87. The company had a trading volume of 50,532,441 shares, compared to its average volume of 41,592,001. Amazon.com has a 1 year low of $151.61 and a 1 year high of $242.52. The company has a current ratio of 1.06, a quick ratio of 0.87 and a debt-to-equity ratio of 0.18. The company has a 50-day moving average of $204.23 and a 200 day moving average of $208.42. The company has a market cap of $1.96 trillion, a P/E ratio of 33.43, a P/E/G ratio of 1.50 and a beta of 1.39.

Amazon.com (NASDAQ:AMZN - Get Free Report) last announced its quarterly earnings data 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 net margin of 9.29% and a return on equity of 24.25%. Sell-side analysts expect that Amazon.com will post 6.31 earnings per share for the current year.

Insider Buying and Selling at Amazon.com

In related news, SVP David Zapolsky sold 5,848 shares of the firm's stock in a transaction dated Friday, February 21st. The shares were sold at an average price of $220.72, for a total value of $1,290,770.56. Following the completion of the sale, the senior vice president now owns 69,162 shares in the company, valued at $15,265,436.64. This trade represents a 7.80 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Douglas J. Herrington sold 2,500 shares of the business's stock in a transaction that occurred on Tuesday, April 1st. The stock was sold at an average price of $187.99, for a total value of $469,975.00. Following the transaction, the chief executive officer now owns 509,474 shares in the company, valued at $95,776,017.26. The trade was a 0.49 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 104,798 shares of company stock worth $23,341,803. 10.80% of the stock is currently owned by insiders.

Institutional Trading of Amazon.com

Institutional investors have recently modified their holdings of the business. Castlekeep Investment Advisors LLC purchased a new position in Amazon.com in the fourth quarter valued at about $25,000. Accordant Advisory Group Inc increased 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 purchasing an additional 100 shares in the last quarter. Prudent Man Investment Management Inc. purchased a new position in Amazon.com in the 4th quarter valued at approximately $27,000. Icon Wealth Advisors LLC raised its holdings in Amazon.com by 20.5% during the third quarter. Icon Wealth Advisors LLC now owns 150,661 shares of the e-commerce giant's stock worth $28,000 after purchasing an additional 25,581 shares during the last quarter. Finally, LSV Asset Management acquired a new stake in Amazon.com in the fourth quarter valued at $35,000. 72.20% of the stock is currently owned by hedge funds and other institutional investors.

About Amazon.com

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.