Amazon.com (NASDAQ:AMZN) Price Target Cut to $160.00

Amazon.com (NASDAQ:AMZN) had its price objective decreased by Oppenheimer from $175.00 to $160.00 in a research report sent to investors on Monday, The Fly reports. Oppenheimer currently has an outperform rating on the e-commerce giant’s stock.

AMZN has been the topic of several other research reports. Citigroup lowered their price target on Amazon.com from $205.00 to $180.00 and set a buy rating on the stock in a report on Thursday, July 14th. JPMorgan Chase & Co. decreased their price objective on Amazon.com from $200.00 to $175.00 and set an overweight rating on the stock in a report on Wednesday, June 29th. Susquehanna decreased their price objective on Amazon.com from $250.00 to $190.00 in a report on Friday, April 29th. Royal Bank of Canada decreased their price objective on Amazon.com from $194.00 to $175.00 in a report on Friday, April 29th. Finally, Mizuho decreased their price objective on Amazon.com from $197.50 to $155.00 and set a buy rating on the stock in a report on Thursday, July 21st. They noted that the move was a valuation call. Three equities research analysts have rated the stock with a sell rating, one has assigned a hold rating and thirty-eight have issued a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of Moderate Buy and an average target price of $179.34.

Amazon.com Stock Down 1.0 %

Shares of NASDAQ AMZN opened at $121.14 on Monday. The business has a 50-day simple moving average of $113.02 and a two-hundred day simple moving average of $136.03. Amazon.com has a 52 week low of $101.26 and a 52 week high of $188.11. The company has a market cap of $1.23 trillion, a P/E ratio of 58.48, a P/E/G ratio of 4.18 and a beta of 1.25. The company has a quick ratio of 0.71, a current ratio of 0.96 and a debt-to-equity ratio of 0.35.

Amazon.com (NASDAQ:AMZNGet Rating) last released its quarterly earnings results on Thursday, April 28th. The e-commerce giant reported $0.21 earnings per share for the quarter, missing the consensus estimate of $0.44 by ($0.23). Amazon.com had a net margin of 4.48% and a return on equity of 21.60%. The business had revenue of $116.44 billion during the quarter, compared to analysts’ expectations of $116.52 billion. During the same period in the previous year, the business earned $0.79 EPS. The business’s revenue was up 7.3% on a year-over-year basis. Research analysts anticipate that Amazon.com will post 1.13 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Amazon.com news, VP Shelley Reynolds sold 173 shares of the business’s stock in a transaction on Monday, May 23rd. The stock was sold at an average price of $2,169.22, for a total value of $375,275.06. Following the sale, the vice president now directly owns 5,989 shares of the company’s stock, valued at $12,991,458.58. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In other news, VP Shelley Reynolds sold 173 shares of the business’s stock in a transaction on Monday, May 23rd. The stock was sold at an average price of $2,169.22, for a total value of $375,275.06. Following the completion of the transaction, the vice president now owns 5,989 shares in the company, valued at $12,991,458.58. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO David H. Clark sold 2,270 shares of the business’s stock in a transaction on Monday, May 23rd. The stock was sold at an average price of $2,169.22, for a total value of $4,924,129.40. Following the completion of the transaction, the chief executive officer now owns 6,695 shares of the company’s stock, valued at approximately $14,522,927.90. The disclosure for this sale can be found here. Over the last three months, insiders have sold 4,803 shares of company stock valued at $10,528,337. 12.70% of the stock is currently owned by corporate insiders.

Institutional Trading of Amazon.com

Hedge funds have recently bought and sold shares of the company. Fifth Third Bancorp increased its position in Amazon.com by 1.5% during the first quarter. Fifth Third Bancorp now owns 177,679 shares of the e-commerce giant’s stock valued at $579,225,000 after acquiring an additional 2,686 shares during the last quarter. Graypoint LLC increased its position in Amazon.com by 57.9% during the first quarter. Graypoint LLC now owns 1,704 shares of the e-commerce giant’s stock valued at $5,555,000 after acquiring an additional 625 shares during the last quarter. Castle Rock Wealth Management LLC increased its position in Amazon.com by 10.6% during the first quarter. Castle Rock Wealth Management LLC now owns 1,715 shares of the e-commerce giant’s stock valued at $5,422,000 after acquiring an additional 164 shares during the last quarter. Atlas Private Wealth Advisors bought a new stake in Amazon.com during the first quarter valued at about $6,229,000. Finally, Cherrydale Wealth Management LLC grew its holdings in Amazon.com by 156.6% during the first quarter. Cherrydale Wealth Management LLC now owns 372 shares of the e-commerce giant’s stock valued at $1,212,000 after purchasing an additional 227 shares during the period. Hedge funds and other institutional investors own 72.51% of the company’s stock.

Amazon.com Company Profile

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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.

Further Reading

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