Amazon.com (NASDAQ:AMZN) Price Target Raised to $250.00

Amazon.com (NASDAQ:AMZN) had its target price increased by JPMorgan Chase & Co. from $230.00 to $250.00 in a report released on Friday morning, Benzinga reports. JPMorgan Chase & Co. currently has an overweight rating on the e-commerce giant’s stock.

Other equities research analysts have also issued reports about the stock. BMO Capital Markets reiterated an “outperform” rating and issued a $230.00 price objective on shares of Amazon.com in a research report on Thursday, September 19th. Barclays upped their price target on shares of Amazon.com from $220.00 to $235.00 and gave the company an “overweight” rating in a report on Friday, August 2nd. Wells Fargo & Company cut shares of Amazon.com from an “overweight” rating to an “equal weight” rating and dropped their price objective for the stock from $225.00 to $183.00 in a research note on Monday, October 7th. Needham & Company LLC reaffirmed a “buy” rating and issued a $210.00 target price on shares of Amazon.com in a research note on Friday. Finally, Bank of America raised their price target on Amazon.com from $210.00 to $230.00 and gave the stock a “buy” rating in a research report on Friday. Two analysts have rated the stock with a hold rating, forty have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $246.02.

Amazon.com Trading Up 6.2 %

Shares of AMZN opened at $197.93 on Friday. The firm’s 50-day moving average is $184.82 and its two-hundred day moving average is $183.77. Amazon.com has a twelve month low of $136.47 and a twelve month high of $201.20. The company has a current ratio of 1.10, a quick ratio of 0.88 and a debt-to-equity ratio of 0.23. The firm has a market capitalization of $2.08 trillion, a P/E ratio of 42.38, a PEG ratio of 1.42 and a beta of 1.14.

Amazon.com (NASDAQ:AMZN) last released its quarterly earnings data on Thursday, October 31st. The e-commerce giant reported $1.43 earnings per share for the quarter, beating the consensus estimate of $1.14 by $0.29. The firm had revenue of $158.88 billion during the quarter, compared to the consensus estimate of $157.28 billion. Amazon.com had a return on equity of 23.46% and a net margin of 8.04%. Amazon.com’s quarterly revenue was up 11.0% on a year-over-year basis. During the same period last year, the business posted $0.85 EPS. On average, research analysts predict that Amazon.com will post 4.84 earnings per share for the current fiscal year.

Insider Transactions at Amazon.com

In related news, CEO Andrew R. Jassy sold 20,784 shares of the business’s stock in a transaction that occurred on Wednesday, August 21st. The stock was sold at an average price of $180.77, for a total transaction of $3,757,123.68. Following the transaction, the chief executive officer now directly owns 2,056,534 shares of the company’s stock, valued at approximately $371,759,651.18. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In other news, CEO Andrew R. Jassy sold 20,784 shares of Amazon.com stock in a transaction that occurred on Wednesday, August 21st. The shares were sold at an average price of $180.77, for a total transaction of $3,757,123.68. Following the sale, the chief executive officer now owns 2,056,534 shares in the company, valued at $371,759,651.18. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, SVP David Zapolsky sold 2,190 shares of the business’s stock in a transaction on Tuesday, September 24th. The stock was sold at an average price of $195.00, for a total transaction of $427,050.00. Following the transaction, the senior vice president now directly owns 62,420 shares in the company, valued at approximately $12,171,900. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 50,855 shares of company stock valued at $9,215,048 over the last quarter. Company insiders own 10.80% of the company’s stock.

Institutional Trading of Amazon.com

Hedge funds and other institutional investors have recently modified their holdings of the business. PayPay Securities Corp raised its position in shares of Amazon.com by 64.6% in the 2nd quarter. PayPay Securities Corp now owns 163 shares of the e-commerce giant’s stock valued at $32,000 after purchasing an additional 64 shares in the last quarter. Hoese & Co LLP bought a new stake in shares of Amazon.com in the third quarter worth $37,000. Bull Oak Capital LLC acquired a new stake in Amazon.com in the third quarter valued at $45,000. Values First Advisors Inc. bought a new position in Amazon.com during the 3rd quarter valued at $56,000. Finally, Christopher J. Hasenberg Inc grew its holdings in Amazon.com by 650.0% during the 2nd quarter. Christopher J. Hasenberg Inc now owns 300 shares of the e-commerce giant’s stock worth $58,000 after acquiring an additional 260 shares in the last quarter. 72.20% of the stock is owned by hedge funds and other institutional investors.

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.