Amazon.com (NASDAQ:AMZN) Price Target Raised to $288.00

Amazon.com (NASDAQ:AMZN) had its price target hoisted by research analysts at Rosenblatt Securities from $287.00 to $288.00 in a research report issued to clients and investors on Friday,Benzinga reports. The brokerage presently has a "buy" rating on the e-commerce giant's stock. Rosenblatt Securities' target price suggests a potential upside of 54.55% from the company's current price.

Other analysts also recently issued reports about the company. UBS Group decreased their price target on Amazon.com from $272.00 to $253.00 and set a "buy" rating for the company in a report on Tuesday, April 29th. Needham & Company LLC restated a "buy" rating and issued a $250.00 target price on shares of Amazon.com in a report on Friday, February 7th. Scotiabank reduced their price objective on shares of Amazon.com from $306.00 to $250.00 and set a "sector outperform" rating for the company in a research report on Monday, April 21st. Mizuho lowered their target price on Amazon.com from $285.00 to $255.00 and set an "outperform" rating on the stock in a research note on Wednesday, April 9th. Finally, Wolfe Research increased their price objective on Amazon.com from $250.00 to $270.00 and gave the company an "outperform" rating in a report on Friday, January 3rd. Three equities research analysts have rated the stock with a hold rating and forty-four have given a buy rating to the stock. Based on data from MarketBeat, Amazon.com presently has an average rating of "Moderate Buy" and a consensus price target of $243.55.

Amazon.com Price Performance

Amazon.com stock traded down $3.63 during mid-day trading on Friday, reaching $186.35. 35,102,216 shares of the company were exchanged, compared to its average volume of 41,668,133. Amazon.com has a 12 month low of $151.61 and a 12 month high of $242.52. The company has a fifty day simple moving average of $190.48 and a 200-day simple moving average of $208.06. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.06 and a quick ratio of 0.87. The firm has a market cap of $1.98 trillion, a PE ratio of 33.70, a PEG ratio of 1.50 and a beta of 1.30.

Amazon.com (NASDAQ:AMZN - Get Free Report) last issued its quarterly earnings data on Thursday, May 1st. The e-commerce giant reported $1.59 EPS for the quarter, beating the consensus estimate of $1.38 by $0.21. Amazon.com had a net margin of 9.29% and a return on equity of 24.25%. The business had revenue of $155.67 billion during the quarter, compared to the consensus estimate of $154.96 billion. During the same quarter in the prior year, the firm earned $0.98 EPS. The firm's revenue was up 8.6% compared to the same quarter last year. As a group, equities research analysts expect that Amazon.com will post 6.31 earnings per share for the current fiscal year.

Insider Activity

In other news, CEO Douglas J. Herrington sold 27,500 shares of the firm's stock in a transaction on Wednesday, February 12th. The stock was sold at an average price of $230.27, for a total value of $6,332,425.00. Following the completion of the sale, the chief executive officer now owns 497,067 shares of the company's stock, valued at $114,459,618.09. This trade represents a 5.24 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Also, CEO Andrew R. Jassy sold 20,784 shares of Amazon.com stock in a transaction on Friday, February 21st. The shares were sold at an average price of $220.65, for a total transaction of $4,585,989.60. Following the sale, the chief executive officer now directly owns 2,118,886 shares of the company's stock, valued at $467,532,195.90. This trade represents a 0.97 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 104,798 shares of company stock worth $23,341,803. 9.70% of the stock is currently owned by insiders.

Institutional Trading of Amazon.com

Several large investors have recently made changes to their positions in AMZN. Prudent Man Investment Management Inc. bought a new position in Amazon.com during the fourth quarter valued at about $27,000. Accordant Advisory Group Inc lifted its position in Amazon.com by 400.0% during the 4th quarter. Accordant Advisory Group Inc now owns 125 shares of the e-commerce giant's stock worth $27,000 after buying an additional 100 shares in the last quarter. LSV Asset Management bought a new position in Amazon.com in the 4th quarter valued at $35,000. Perritt Capital Management Inc boosted its stake in shares of Amazon.com by 72.7% in the 4th quarter. Perritt Capital Management Inc now owns 190 shares of the e-commerce giant's stock valued at $42,000 after purchasing an additional 80 shares during the last quarter. Finally, Cooksen Wealth LLC bought a new position in shares of Amazon.com in the 1st quarter worth $36,000. 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.