Amazon.com (NASDAQ:AMZN) Price Target Lowered to $125.00 at MKM Partners

Amazon.com (NASDAQ:AMZN) had its price target cut by MKM Partners from $145.00 to $125.00 in a research note released on Wednesday morning, MarketBeat.com reports. They currently have a buy rating on the e-commerce giant’s stock.

A number of other research firms have also commented on AMZN. Moffett Nathanson started coverage on Amazon.com in a research note on Tuesday, November 15th. They issued an outperform rating and a $118.00 price objective on the stock. Benchmark dropped their price objective on Amazon.com from $160.00 to $125.00 and set a buy rating on the stock in a research note on Friday, October 28th. Deutsche Bank Aktiengesellschaft dropped their price objective on Amazon.com from $150.00 to $130.00 and set a buy rating on the stock in a research note on Friday, October 28th. Robert W. Baird lowered their price target on Amazon.com from $150.00 to $130.00 and set an outperform rating on the stock in a research note on Friday, October 28th. Finally, Evercore ISI lowered their price target on Amazon.com from $170.00 to $150.00 and set an outperform rating on the stock in a research note on Monday, December 19th. Two equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and forty-two have given a buy rating to the company’s stock. Based on data from MarketBeat, Amazon.com presently has a consensus rating of Moderate Buy and an average target price of $145.87.

Amazon.com Price Performance

Shares of NASDAQ:AMZN opened at $95.46 on Wednesday. The company has a debt-to-equity ratio of 0.43, a current ratio of 0.94 and a quick ratio of 0.68. The business has a 50-day moving average of $90.67 and a two-hundred day moving average of $110.59. The stock has a market capitalization of $973.85 billion, a P/E ratio of 87.62, a P/E/G ratio of 3.09 and a beta of 1.22. Amazon.com has a fifty-two week low of $81.43 and a fifty-two week high of $170.83.

Amazon.com (NASDAQ:AMZN – Get Rating) last posted its quarterly earnings data on Thursday, October 27th. The e-commerce giant reported $0.20 EPS for the quarter, missing analysts’ consensus estimates of $0.22 by ($0.02). The business had revenue of $127.10 billion during the quarter, compared to the consensus estimate of $127.47 billion. Amazon.com had a return on equity of 14.44% and a net margin of 2.25%. The company’s revenue for the quarter was up 14.7% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.31 earnings per share. On average, equities research analysts predict that Amazon.com will post 0.68 EPS for the current fiscal year.

Insider Buying and Selling at Amazon.com

In related news, CEO Adam Selipsky sold 345 shares of the company’s stock in a transaction on Tuesday, November 1st. The shares were sold at an average price of $102.00, for a total value of $35,190.00. Following the completion of the sale, the chief executive officer now owns 112,795 shares in the company, valued at approximately $11,505,090. The transaction was disclosed in a filing with the SEC, which is available through this link. In related news, CEO Douglas J. Herrington sold 15,787 shares of the company’s stock in a transaction on Tuesday, November 15th. The shares were sold at an average price of $103.10, for a total value of $1,627,639.70. Following the completion of the sale, the chief executive officer now owns 522,251 shares in the company, valued at approximately $53,844,078.10. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, CEO Adam Selipsky sold 345 shares of the company’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 owns 112,795 shares of the company’s stock, valued at approximately $11,505,090. The disclosure for this sale can be found here. In the last 90 days, insiders sold 52,428 shares of company stock worth $5,077,578. Insiders own 12.70% of the company’s stock.

Institutional Trading of Amazon.com

A number of large investors have recently made changes to their positions in AMZN. Savior LLC increased its holdings in Amazon.com by 1,085.0% during the 2nd quarter. Savior LLC now owns 237 shares of the e-commerce giant’s stock worth $25,000 after purchasing an additional 217 shares in the last quarter. Rocky Mountain Advisers LLC increased its holdings in Amazon.com by 1,311.8% during the 2nd quarter. Rocky Mountain Advisers LLC now owns 240 shares of the e-commerce giant’s stock worth $25,000 after purchasing an additional 223 shares in the last quarter. Iron Horse Wealth Management LLC increased its holdings 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 purchasing an additional 227 shares in the last quarter. McElhenny Sheffield Capital Management LLC bought a new position in Amazon.com during the 4th quarter worth about $27,000. Finally, Wells Financial Advisors INC increased its holdings in Amazon.com by 1,900.0% during the 2nd 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 in the last quarter. Institutional investors own 57.64% of the company’s stock.

About Amazon.com

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Amazon.com, Inc is a multinational technology company, which engages in the provision of online retail shopping services. It operates through the following business segments: North America, International, and Amazon Web Services (AWS). The North America segment includes retail sales of consumer products and subscriptions through North American-focused websites such as www.amazon.com and www.amazon.ca.