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

Amazon.com (NASDAQ:AMZN) had its price target lowered by DA Davidson from $280.00 to $230.00 in a research note issued to investors on Monday,Benzinga reports. The firm currently has a buy rating on the e-commerce giant’s stock.

AMZN has been the subject of several other research reports. Canaccord Genuity Group reiterated a “buy” rating on shares of Amazon.com in a research report on Thursday, February 13th. Tigress Financial upped their target price on shares of Amazon.com from $245.00 to $290.00 and gave the company a “buy” rating in a report on Friday, December 20th. Rosenblatt Securities raised their price target on Amazon.com from $236.00 to $287.00 and gave the stock a “buy” rating in a report on Friday, February 7th. Westpark Capital initiated coverage on Amazon.com in a research note on Tuesday, April 1st. They set a “buy” rating and a $280.00 price objective for the company. Finally, Truist Financial lowered their target price on Amazon.com from $265.00 to $230.00 and set a “buy” rating on the stock in a research note on Thursday, April 10th. Two analysts have rated the stock with a hold rating, forty-four have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $253.56.

Amazon.com Stock Down 1.6 %

Amazon.com stock opened at $181.93 on Monday. The firm has a market capitalization of $1.93 trillion, a P/E ratio of 32.90, a P/E/G ratio of 1.50 and a beta of 1.39. The company has a current ratio of 1.06, a quick ratio of 0.87 and a debt-to-equity ratio of 0.18. Amazon.com has a twelve month low of $151.61 and a twelve month high of $242.52. The stock’s fifty day simple moving average is $203.14 and its 200-day simple moving average is $208.50.

Amazon.com (NASDAQ:AMZN) last issued its quarterly earnings results on Thursday, February 6th. The e-commerce giant reported $1.86 earnings per share 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 expect that Amazon.com will post 6.31 earnings per share for the current fiscal year.

Insider Activity at Amazon.com

In other Amazon.com news, CEO Douglas J. Herrington sold 2,500 shares of the company’s stock in a transaction dated Tuesday, April 1st. The stock was 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 directly owns 509,474 shares in the company, valued at $95,776,017.26. This represents a 0.49 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, SVP David Zapolsky sold 19,212 shares of the firm’s stock in a transaction dated Monday, February 24th. The stock was sold at an average price of $217.50, for a total value of $4,178,610.00. Following the completion of the transaction, the senior vice president now owns 49,950 shares in the company, valued at approximately $10,864,125. This trade represents a 27.78 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 104,798 shares of company stock worth $23,341,803. 10.80% of the stock is owned by company insiders.

Institutional Investors Weigh In On Amazon.com

Institutional investors have recently bought and sold shares of the business. Regatta Capital Group LLC lifted its holdings in shares of Amazon.com by 3.6% during the 1st quarter. Regatta Capital Group LLC now owns 63,325 shares of the e-commerce giant’s stock valued at $12,048,000 after acquiring an additional 2,181 shares in the last quarter. Parisi Gray Wealth Management lifted its stake in shares of Amazon.com by 12.6% during the first quarter. Parisi Gray Wealth Management now owns 23,023 shares of the e-commerce giant’s stock worth $4,380,000 after purchasing an additional 2,572 shares in the last quarter. Panoramic Capital Partners LLC boosted its position in shares of Amazon.com by 14.3% in the first quarter. Panoramic Capital Partners LLC now owns 7,892 shares of the e-commerce giant’s stock worth $1,502,000 after buying an additional 989 shares during the period. International Private Wealth Advisors LLC raised its holdings in shares of Amazon.com by 1.0% during the 1st quarter. International Private Wealth Advisors LLC now owns 14,582 shares of the e-commerce giant’s stock valued at $2,774,000 after buying an additional 148 shares during the period. Finally, Investment Advisory Group LLC lifted its position in Amazon.com by 0.6% during the 1st quarter. Investment Advisory Group LLC now owns 25,069 shares of the e-commerce giant’s stock worth $4,770,000 after acquiring an additional 145 shares in the last quarter. 72.20% of the stock is currently 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.