Amazon.com (NASDAQ:AMZN) Price Target Lowered to $230.00 at DA Davidson

Amazon.com (NASDAQ:AMZN) had its target price cut by DA Davidson from $280.00 to $230.00 in a research report released on Monday,Benzinga reports. They currently have a buy rating on the e-commerce giant’s stock.

Several other brokerages have also weighed in on AMZN. Needham & Company LLC reissued a “buy” rating and set a $250.00 price objective on shares of Amazon.com in a report on Friday, February 7th. Citigroup decreased their price target on Amazon.com from $273.00 to $225.00 and set a “buy” rating for the company in a research note on Monday. Jefferies Financial Group cut their price objective on Amazon.com from $275.00 to $250.00 and set a “buy” rating on the stock in a research note on Monday, March 31st. UBS Group lifted their target price on Amazon.com from $230.00 to $264.00 and gave the stock a “buy” rating in a research report on Monday, December 16th. Finally, Truist Financial dropped their price target on Amazon.com from $265.00 to $230.00 and set a “buy” rating on the stock in a research report on Thursday, April 10th. Two investment analysts have rated the stock with a hold rating, forty-four have given a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, Amazon.com currently has a consensus rating of “Moderate Buy” and an average target price of $253.56.

Amazon.com Stock Down 1.6 %

Shares of NASDAQ AMZN opened at $181.93 on Monday. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.87 and a current ratio of 1.06. Amazon.com has a 1 year low of $151.61 and a 1 year high of $242.52. The stock’s 50-day simple moving average is $203.14 and its 200-day simple moving average is $208.50. The firm has a market cap of $1.93 trillion, a price-to-earnings ratio of 32.90, a PEG ratio of 1.50 and a beta of 1.39.

Amazon.com (NASDAQ:AMZN) last posted its quarterly earnings data on Thursday, February 6th. The e-commerce giant reported $1.86 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.52 by $0.34. Amazon.com had a return on equity of 24.25% and a net margin of 9.29%. As a group, equities analysts anticipate that Amazon.com will post 6.31 earnings per share for the current fiscal year.

Insider Buying and Selling at Amazon.com

In other news, CEO Andrew R. Jassy sold 20,784 shares of Amazon.com stock in a transaction that occurred on Friday, February 21st. The shares were sold at an average price of $220.65, for a total value of $4,585,989.60. Following the transaction, 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 ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Douglas J. Herrington sold 2,500 shares of the company’s stock in a transaction that occurred on Tuesday, April 1st. The shares were sold at an average price of $187.99, for a total transaction of $469,975.00. Following the completion of the sale, the chief executive officer now owns 509,474 shares of the company’s stock, valued at approximately $95,776,017.26. This trade represents a 0.49 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 104,798 shares of company stock valued at $23,341,803. Corporate insiders own 10.80% of the company’s stock.

Institutional Trading of Amazon.com

Several large investors have recently added to or reduced their stakes in the company. Cable Hill Partners LLC grew its stake in Amazon.com by 0.5% during the 4th quarter. Cable Hill Partners LLC now owns 9,588 shares of the e-commerce giant’s stock valued at $2,104,000 after acquiring an additional 44 shares in the last quarter. Quattro Financial Advisors LLC boosted its holdings in shares of Amazon.com by 23.8% during the fourth quarter. Quattro Financial Advisors LLC now owns 234 shares of the e-commerce giant’s stock worth $51,000 after purchasing an additional 45 shares during the period. Northern Capital Management Inc. grew its position in Amazon.com by 0.6% during the fourth quarter. Northern Capital Management Inc. now owns 7,353 shares of the e-commerce giant’s stock valued at $1,613,000 after purchasing an additional 45 shares in the last quarter. White Wing Wealth Management increased its stake in Amazon.com by 2.4% in the 4th quarter. White Wing Wealth Management now owns 1,972 shares of the e-commerce giant’s stock valued at $433,000 after buying an additional 47 shares during the period. Finally, MBM Wealth Consultants LLC lifted its position in Amazon.com by 0.6% in the 4th quarter. MBM Wealth Consultants LLC now owns 8,578 shares of the e-commerce giant’s stock worth $1,889,000 after buying an additional 48 shares in the last quarter. 72.20% of the stock is owned by institutional investors and hedge funds.

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.