Amazon.com (NASDAQ:AMZN) Given New $260.00 Price Target at Raymond James

Amazon.com (NASDAQ:AMZN) had its price objective raised by Raymond James from $230.00 to $260.00 in a report published on Tuesday,Benzinga reports. Raymond James currently has a strong-buy rating on the e-commerce giant's stock.

A number of other analysts have also recently commented on the company. Stifel Nicolaus upped their price target on Amazon.com from $224.00 to $245.00 and gave the company a "buy" rating in a research note on Friday, November 1st. Loop Capital increased their target price on Amazon.com from $225.00 to $275.00 and gave the stock a "buy" rating in a report on Wednesday, November 6th. Scotiabank lifted their target price on Amazon.com from $245.00 to $246.00 and gave the company a "sector outperform" rating in a research report on Friday, November 1st. Tigress Financial boosted their price objective on shares of Amazon.com from $245.00 to $290.00 and gave the stock a "buy" rating in a research report on Friday, December 20th. Finally, Mizuho increased their price objective on shares of Amazon.com from $240.00 to $260.00 and gave the stock an "outperform" rating in a research note on Tuesday, December 10th. Two equities research analysts have rated the stock with a hold rating, forty-two have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $246.85.

Amazon.com Trading Up 2.1 %

AMZN traded up $4.77 during mid-day trading on Tuesday, reaching $230.71. The stock had a trading volume of 39,832,138 shares, compared to its average volume of 31,120,682. The firm's fifty day simple moving average is $218.30 and its two-hundred day simple moving average is $196.47. The stock has a market capitalization of $2.43 trillion, a P/E ratio of 49.40, a P/E/G ratio of 1.26 and a beta of 1.14. Amazon.com has a 52 week low of $151.61 and a 52 week high of $233.00. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.87 and a current ratio of 1.09.

Amazon.com (NASDAQ:AMZN - Get Free Report) last posted its quarterly earnings results on Thursday, October 31st. The e-commerce giant reported $1.43 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.14 by $0.29. The business had revenue of $158.88 billion for the quarter, compared to analysts' expectations of $157.28 billion. Amazon.com had a return on equity of 22.41% and a net margin of 8.04%. The firm's quarterly revenue was up 11.0% compared to the same quarter last year. During the same quarter last year, the business earned $0.85 earnings per share. On average, equities analysts predict that Amazon.com will post 5.39 EPS for the current year.

Insider Activity

In other Amazon.com news, insider Jeffrey P. Bezos sold 2,996,362 shares of the firm's stock in a transaction dated Friday, November 8th. The shares were sold at an average price of $208.85, for a total value of $625,790,203.70. Following the transaction, the insider now directly owns 917,416,976 shares of the company's stock, valued at $191,602,535,437.60. This trade represents a 0.33 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Matthew S. Garman sold 15,260 shares of the company's stock in a transaction that occurred on Thursday, November 21st. The stock was sold at an average price of $200.19, for a total transaction of $3,054,899.40. Following the sale, the chief executive officer now directly owns 349,261 shares of the company's stock, valued at approximately $69,918,559.59. This trade represents a 4.19 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 6,032,344 shares of company stock worth $1,253,456,822. Corporate insiders own 10.80% of the company's stock.

Institutional Investors Weigh In On Amazon.com

Several institutional investors and hedge funds have recently added to or reduced their stakes in AMZN. Stelac Advisory Services LLC lifted its holdings in shares of Amazon.com by 3.4% in the second quarter. Stelac Advisory Services LLC now owns 4,924 shares of the e-commerce giant's stock worth $952,000 after acquiring an additional 164 shares during the last quarter. Smith Salley Wealth Management lifted its stake in Amazon.com by 6.7% in the 2nd quarter. Smith Salley Wealth Management now owns 235,717 shares of the e-commerce giant's stock valued at $45,552,000 after purchasing an additional 14,769 shares during the last quarter. Braun Stacey Associates Inc. boosted its position in Amazon.com by 2.3% in the second quarter. Braun Stacey Associates Inc. now owns 524,412 shares of the e-commerce giant's stock valued at $101,342,000 after buying an additional 11,570 shares in the last quarter. Callahan Advisors LLC boosted its position in Amazon.com by 2.7% in the second quarter. Callahan Advisors LLC now owns 206,272 shares of the e-commerce giant's stock valued at $39,862,000 after buying an additional 5,350 shares in the last quarter. Finally, Lawson Kroeker Investment Management Inc. NE bought a new stake in shares of Amazon.com during the second quarter worth $464,000. 72.20% of the stock is currently owned by 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.