Amazon.com (NASDAQ:AMZN) Price Target Cut to $255.00 by Analysts at Mizuho

Amazon.com (NASDAQ:AMZN) had its price target reduced by Mizuho from $285.00 to $255.00 in a research report sent to investors on Wednesday,Benzinga reports. They currently have an outperform rating on the e-commerce giant's stock.

AMZN has been the subject of several other reports. Needham & Company LLC reaffirmed a "buy" rating and issued a $250.00 target price on shares of Amazon.com in a report on Friday, February 7th. JMP Securities set a $285.00 price objective on Amazon.com in a research note on Thursday, March 27th. Robert W. Baird lifted their target price on Amazon.com from $220.00 to $260.00 and gave the stock an "outperform" rating in a research note on Friday, December 13th. Wells Fargo & Company reduced their price target on shares of 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. Finally, Citigroup reaffirmed a "buy" rating on shares of Amazon.com in a research report on Thursday, April 3rd. 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 company's stock. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of $258.19.

Amazon.com Stock Up 2.0 %

NASDAQ:AMZN traded up $3.65 during trading hours on Wednesday, hitting $184.87. 50,532,441 shares of the company traded hands, compared to its average volume of 41,592,001. The company has a quick ratio of 0.87, a current ratio of 1.06 and a debt-to-equity ratio of 0.18. The company has a market cap of $1.96 trillion, a PE ratio of 33.43, a PEG ratio of 1.50 and a beta of 1.39. The firm's 50-day simple moving average is $204.23 and its 200-day simple moving average is $208.42. Amazon.com has a one year low of $151.61 and a one year high of $242.52.

Amazon.com (NASDAQ:AMZN - Get Free Report) last released its quarterly earnings results on Thursday, February 6th. The e-commerce giant reported $1.86 earnings per share 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%. Equities analysts predict that Amazon.com will post 6.31 earnings per share for the current year.

Insider Buying and Selling at Amazon.com

In other Amazon.com news, CEO Douglas J. Herrington sold 5,501 shares of Amazon.com stock in a transaction dated Tuesday, February 18th. The shares were sold at an average price of $228.44, for a total value of $1,256,648.44. Following the completion of the transaction, the chief executive officer now directly owns 505,318 shares of the company's stock, valued at approximately $115,434,843.92. The trade was a 1.08 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, SVP David Zapolsky sold 19,212 shares of the stock in a transaction that occurred on Monday, February 24th. The shares were sold at an average price of $217.50, for a total transaction of $4,178,610.00. Following the sale, the senior vice president now owns 49,950 shares in the company, valued at approximately $10,864,125. The trade was a 27.78 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 104,798 shares of company stock worth $23,341,803. 10.80% of the stock is owned by insiders.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of AMZN. Vanguard Group Inc. boosted its holdings in shares of Amazon.com by 2.2% during the 4th quarter. Vanguard Group Inc. now owns 823,360,597 shares of the e-commerce giant's stock valued at $180,637,081,000 after acquiring an additional 17,635,391 shares during the last quarter. State Street Corp lifted its position in Amazon.com by 3.3% during the third quarter. State Street Corp now owns 359,179,990 shares of the e-commerce giant's stock valued at $66,926,008,000 after purchasing an additional 11,370,309 shares during the period. FMR LLC boosted its holdings in Amazon.com by 0.5% in the fourth quarter. FMR LLC now owns 328,464,225 shares of the e-commerce giant's stock worth $72,061,766,000 after purchasing an additional 1,725,664 shares during the last quarter. Geode Capital Management LLC grew its position in Amazon.com by 2.5% in the 4th quarter. Geode Capital Management LLC now owns 204,930,426 shares of the e-commerce giant's stock worth $44,837,256,000 after purchasing an additional 5,015,380 shares during the period. Finally, Price T Rowe Associates Inc. MD raised its stake in Amazon.com by 2.3% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 182,813,905 shares of the e-commerce giant's stock valued at $40,107,544,000 after buying an additional 4,087,933 shares during the last quarter. Hedge funds and other institutional investors 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.