Amazon.com (NASDAQ:AMZN) PT Lowered to $238.00 at Maxim Group

Amazon.com (NASDAQ:AMZN) had its price target reduced by stock analysts at Maxim Group from $318.00 to $238.00 in a note issued to investors on Wednesday, Marketbeat reports. The brokerage currently has a "buy" rating on the e-commerce giant's stock. Maxim Group's price objective points to a potential upside of 32.96% from the stock's previous close.

Other equities research analysts have also issued research reports about the stock. Oppenheimer upped their price objective on shares of Amazon.com from $200.00 to $210.00 and gave the company an "outperform" rating in a report on Friday, February 2nd. Barclays raised their price target on shares of Amazon.com from $190.00 to $220.00 and gave the stock an "overweight" rating in a report on Friday, February 2nd. Royal Bank of Canada upped their price objective on Amazon.com from $180.00 to $215.00 and gave the company an "outperform" rating in a report on Friday, February 2nd. DA Davidson reissued a "buy" rating and set a $235.00 target price on shares of Amazon.com in a research note on Thursday, April 18th. Finally, Benchmark reaffirmed a "buy" rating and issued a $200.00 price target on shares of Amazon.com in a research note on Wednesday, April 24th. One equities research analyst has rated the stock with a hold rating, forty-four have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of "Buy" and an average price target of $210.18.

Amazon.com Price Performance

Shares of NASDAQ:AMZN traded up $4.00 during trading on Wednesday, reaching $179.00. The stock had a trading volume of 93,355,877 shares, compared to its average volume of 44,190,461. Amazon.com has a 1-year low of $101.15 and a 1-year high of $189.77. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.84 and a current ratio of 1.05. The business has a fifty day moving average price of $178.59 and a 200-day moving average price of $159.78. The stock has a market cap of $1.86 trillion, a PE ratio of 61.72, a PEG ratio of 1.57 and a beta of 1.16.

Amazon.com (NASDAQ:AMZN - Get Free Report) last posted its quarterly earnings results on Tuesday, April 30th. The e-commerce giant reported $0.98 earnings per share for the quarter, topping analysts' consensus estimates of $0.83 by $0.15. The firm had revenue of $143.31 billion for the quarter, compared to analyst estimates of $142.65 billion. Amazon.com had a net margin of 5.29% and a return on equity of 16.61%. Amazon.com's quarterly revenue was up 12.5% on a year-over-year basis. During the same period in the previous year, the business posted $0.31 earnings per share. On average, equities analysts forecast that Amazon.com will post 4.11 earnings per share for the current fiscal year.

Insider Transactions at Amazon.com

In other Amazon.com news, CEO Adam Selipsky sold 500 shares of the business's stock in a transaction on Thursday, February 1st. The shares were sold at an average price of $155.72, for a total transaction of $77,860.00. Following the sale, the chief executive officer now directly owns 116,560 shares in the company, valued at approximately $18,150,723.20. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In related news, VP Shelley Reynolds sold 3,100 shares of the business's stock in a transaction dated Wednesday, February 21st. The shares were sold at an average price of $168.97, for a total value of $523,807.00. Following the sale, the vice president now directly owns 119,780 shares in the company, valued at approximately $20,239,226.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Adam Selipsky sold 500 shares of the company's stock in a transaction dated Thursday, February 1st. The shares were sold at an average price of $155.72, for a total transaction of $77,860.00. Following the completion of the sale, the chief executive officer now directly owns 116,560 shares in the company, valued at approximately $18,150,723.20. The disclosure for this sale can be found here. In the last three months, insiders sold 32,214,010 shares of company stock valued at $5,505,889,146. Corporate insiders own 10.30% of the company's stock.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of AMZN. Norges Bank purchased a new stake in Amazon.com in the 4th quarter worth approximately $17,700,551,000. Vanguard Group Inc. grew its position in shares of Amazon.com by 4.4% in the third quarter. Vanguard Group Inc. now owns 757,951,795 shares of the e-commerce giant's stock valued at $96,350,832,000 after purchasing an additional 32,038,029 shares during the period. International Assets Investment Management LLC increased its stake in Amazon.com by 16,029.3% in the fourth quarter. International Assets Investment Management LLC now owns 23,865,216 shares of the e-commerce giant's stock valued at $36,260,810,000 after purchasing an additional 23,717,254 shares during the last quarter. FMR LLC lifted its position in Amazon.com by 7.7% during the third quarter. FMR LLC now owns 302,101,441 shares of the e-commerce giant's stock worth $38,403,135,000 after buying an additional 21,649,871 shares during the period. Finally, Jennison Associates LLC lifted its position in Amazon.com by 28.4% during the third quarter. Jennison Associates LLC now owns 54,981,548 shares of the e-commerce giant's stock worth $6,989,254,000 after buying an additional 12,176,114 shares during the period. 72.20% of the stock is currently owned by institutional investors and hedge funds.

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.