Amazon.com (NASDAQ:AMZN) Price Target Cut to $140.00

Amazon.com (NASDAQ:AMZN) had its price target dropped by equities research analysts at Cowen from $160.00 to $140.00 in a research note issued on Wednesday, The Fly reports. The brokerage currently has an “outperform” rating on the e-commerce giant’s stock. Cowen’s target price would suggest a potential upside of 46.95% from the company’s previous close.

Several other research firms have also recently weighed in on AMZN. Wells Fargo & Company decreased their price target on shares of Amazon.com from $200.00 to $155.00 and set an “overweight” rating on the stock in a report on Friday, October 28th. Bank of America dropped their price target on Amazon.com from $157.00 to $137.00 and set a “buy” rating for the company in a research report on Friday, October 28th. Cowen upped their price objective on shares of Amazon.com from $150.00 to $160.00 and gave the stock an “outperform” rating in a research report on Thursday, December 1st. Wedbush dropped their target price on shares of Amazon.com from $175.00 to $140.00 and set an “outperform” rating for the company in a research report on Friday, October 28th. Finally, StockNews.com began coverage on shares of Amazon.com in a report on Wednesday, October 12th. They issued a “hold” rating on the stock. Two investment analysts have rated the stock with a sell rating, three have assigned a hold rating and forty-two have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $146.70.

Amazon.com Stock Performance

Shares of AMZN opened at $95.27 on Wednesday. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.68 and a current ratio of 0.94. The stock has a market capitalization of $971.91 billion, a price-to-earnings ratio of 87.44, a price-to-earnings-growth ratio of 2.74 and a beta of 1.22. Amazon.com has a 52-week low of $81.43 and a 52-week high of $170.83. The stock’s 50-day simple moving average is $90.25 and its 200 day simple moving average is $110.81.

Amazon.com (NASDAQ:AMZNGet Rating) last announced its quarterly earnings results on Thursday, October 27th. The e-commerce giant reported $0.20 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.22 by ($0.02). The firm had revenue of $127.10 billion during the quarter, compared to analysts’ expectations of $127.47 billion. Amazon.com had a return on equity of 14.44% and a net margin of 2.25%. The company’s quarterly revenue was up 14.7% compared to the same quarter last year. During the same period in the previous year, the company posted $0.31 earnings per share. Research analysts forecast that Amazon.com will post 0.69 EPS for the current fiscal year.

Insider Buying and Selling at Amazon.com

In other news, CEO Adam Selipsky sold 345 shares of the company’s stock in a transaction dated Tuesday, November 1st. The shares were sold at an average price of $102.00, for a total value of $35,190.00. Following the sale, the chief executive officer now directly owns 112,795 shares of the company’s stock, valued at approximately $11,505,090. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In other Amazon.com news, CEO Adam Selipsky sold 345 shares of the business’s stock in a transaction on Tuesday, November 1st. The shares were sold at an average price of $102.00, for a total transaction of $35,190.00. Following the completion of the sale, the chief executive officer now directly owns 112,795 shares in the company, valued at approximately $11,505,090. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, CEO Douglas J. Herrington sold 7,456 shares of Amazon.com stock in a transaction on Monday, November 21st. The stock was sold at an average price of $94.00, for a total value of $700,864.00. Following the completion of the sale, the chief executive officer now directly owns 533,435 shares of the company’s stock, valued at approximately $50,142,890. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 52,948 shares of company stock valued at $5,135,922. 12.70% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Amazon.com

Institutional investors have recently made changes to their positions in the business. Savior LLC increased its position in Amazon.com by 1,085.0% in the second quarter. Savior LLC now owns 237 shares of the e-commerce giant’s stock worth $25,000 after buying an additional 217 shares in the last quarter. Rocky Mountain Advisers LLC increased its holdings in Amazon.com by 1,311.8% in the 2nd quarter. Rocky Mountain Advisers LLC now owns 240 shares of the e-commerce giant’s stock worth $25,000 after acquiring an additional 223 shares in the last quarter. Iron Horse Wealth Management LLC raised its stake in Amazon.com by 4,540.0% during the 2nd quarter. Iron Horse Wealth Management LLC now owns 232 shares of the e-commerce giant’s stock worth $25,000 after acquiring an additional 227 shares during the period. McElhenny Sheffield Capital Management LLC purchased a new position in Amazon.com during the fourth quarter valued at approximately $27,000. Finally, Wells Financial Advisors INC boosted its position in shares of Amazon.com by 1,900.0% in the second quarter. Wells Financial Advisors INC now owns 280 shares of the e-commerce giant’s stock worth $30,000 after purchasing an additional 266 shares during the period. Institutional investors own 57.64% of the company’s stock.

About Amazon.com

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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.

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