Amazon.com (NASDAQ:AMZN) Price Target Raised to $180.00

Amazon.com (NASDAQ:AMZN) had its price target lifted by JMP Securities from $172.50 to $180.00 in a report issued on Friday, The Fly reports. JMP Securities currently has a market outperform rating on the e-commerce giant’s stock.

A number of other analysts also recently issued reports on the company. JPMorgan Chase & Co. decreased their target price on Amazon.com from $200.00 to $175.00 and set an overweight rating for the company in a research report on Wednesday, June 29th. Susquehanna decreased their target price on Amazon.com from $250.00 to $190.00 in a research report on Friday, April 29th. Cowen reduced their price target on Amazon.com from $215.00 to $210.00 and set an outperform rating for the company in a research report on Thursday, July 14th. Redburn Partners started coverage on Amazon.com in a research report on Wednesday, June 29th. They issued a buy rating and a $270.00 price target for the company. Finally, Benchmark reduced their price target on Amazon.com from $200.00 to $185.00 in a research report on Friday, April 29th. Three equities research analysts have rated the stock with a sell rating, one has assigned a hold rating and thirty have issued a buy rating to the company. According to MarketBeat, Amazon.com presently has a consensus rating of Moderate Buy and an average price target of $179.45.

Amazon.com Stock Performance

Shares of AMZN opened at $134.95 on Friday. The company has a current ratio of 0.96, a quick ratio of 0.71 and a debt-to-equity ratio of 0.35. The company has a market capitalization of $1.37 trillion, a price-to-earnings ratio of 65.15, a PEG ratio of 4.38 and a beta of 1.25. The stock has a 50 day moving average of $114.13 and a 200 day moving average of $134.90. Amazon.com has a 12 month low of $101.26 and a 12 month high of $188.11.

Amazon.com (NASDAQ:AMZNGet Rating) last issued its quarterly earnings results on Thursday, July 28th. The e-commerce giant reported ($0.20) EPS for the quarter, missing analysts’ consensus estimates of $0.15 by ($0.35). Amazon.com had a net margin of 4.48% and a return on equity of 21.60%. The business had revenue of $121.23 billion for the quarter, compared to analysts’ expectations of $119.16 billion. During the same period in the previous year, the business posted $0.76 earnings per share. The business’s revenue was up 7.2% compared to the same quarter last year. As a group, sell-side analysts forecast that Amazon.com will post 1.12 earnings per share for the current year.

Insider Activity at Amazon.com

In related news, CEO Andrew R. Jassy sold 1,181 shares of the business’s stock in a transaction dated Monday, May 16th. The stock was sold at an average price of $2,262.00, for a total transaction of $2,671,422.00. Following the transaction, the chief executive officer now owns 92,781 shares in the company, valued at approximately $209,870,622. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In related news, CEO Andrew R. Jassy sold 1,181 shares of the business’s stock in a transaction dated Monday, May 16th. The stock was sold at an average price of $2,262.00, for a total transaction of $2,671,422.00. Following the transaction, the chief executive officer now owns 92,781 shares in the company, valued at approximately $209,870,622. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CFO Brian T. Olsavsky sold 761 shares of the business’s stock in a transaction dated Monday, May 23rd. The shares were sold at an average price of $2,169.22, for a total value of $1,650,776.42. Following the transaction, the chief financial officer now owns 2,375 shares in the company, valued at approximately $5,151,897.50. The disclosure for this sale can be found here. Insiders have sold a total of 4,803 shares of company stock worth $10,528,337 in the last 90 days. Company insiders own 12.70% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the company. Fifth Third Bancorp grew its holdings in shares of Amazon.com by 1.5% during the 1st quarter. Fifth Third Bancorp now owns 177,679 shares of the e-commerce giant’s stock worth $579,225,000 after acquiring an additional 2,686 shares during the period. Graypoint LLC boosted its position in shares of Amazon.com by 57.9% in the 1st quarter. Graypoint LLC now owns 1,704 shares of the e-commerce giant’s stock worth $5,555,000 after purchasing an additional 625 shares in the last quarter. Castle Rock Wealth Management LLC boosted its position in shares of Amazon.com by 10.6% in the 1st quarter. Castle Rock Wealth Management LLC now owns 1,715 shares of the e-commerce giant’s stock worth $5,422,000 after purchasing an additional 164 shares in the last quarter. AHL Investment Management Inc. boosted its position in shares of Amazon.com by 462.2% in the 1st quarter. AHL Investment Management Inc. now owns 669 shares of the e-commerce giant’s stock worth $2,181,000 after purchasing an additional 550 shares in the last quarter. Finally, Atlas Private Wealth Advisors bought a new stake in shares of Amazon.com in the 1st quarter worth approximately $6,229,000. Hedge funds and other institutional investors own 72.51% of the company’s stock.

Amazon.com Company Profile

(Get Rating)

Amazon.com, Inc engages in the retail sale of consumer products and subscriptions in North America and internationally. The company operates through three segments: North America, International, and Amazon Web Services (AWS). It sells merchandise and content purchased for resale from third-party sellers through physical and online stores.

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