Amazon.com (NASDAQ:AMZN) Price Target Lowered to $240.00 at JMP Securities

Amazon.com (NASDAQ:AMZN) had its price objective trimmed by JMP Securities from $285.00 to $240.00 in a research note issued to investors on Monday,Benzinga reports. The firm currently has a market outperform rating on the e-commerce giant’s stock.

Other equities analysts have also issued research reports about the company. Wells Fargo & Company reduced their price objective on Amazon.com from $207.00 to $203.00 and set an “equal weight” rating on the stock in a research note on Tuesday, February 25th. Loop Capital increased their price objective on shares of Amazon.com from $275.00 to $285.00 and gave the stock a “buy” rating in a report on Wednesday, February 12th. Raymond James boosted their target price on shares of Amazon.com from $260.00 to $275.00 in a research note on Monday, February 10th. Barclays upped their target price on shares of Amazon.com from $235.00 to $265.00 and gave the stock an “overweight” rating in a research report on Friday, February 7th. Finally, Needham & Company LLC reissued a “buy” rating and issued a $250.00 price target on shares of Amazon.com in a report on Friday, February 7th. Two equities research 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. According to data from MarketBeat, Amazon.com has a consensus rating of “Moderate Buy” and a consensus price target of $253.56.

Amazon.com Trading Down 1.6 %

Shares of Amazon.com stock opened at $181.93 on Monday. The company’s fifty day moving average price is $203.14 and its two-hundred day moving average price is $208.50. The firm has a market capitalization of $1.93 trillion, a PE ratio of 32.90, a price-to-earnings-growth ratio of 1.50 and a beta of 1.39. Amazon.com has a 52-week low of $151.61 and a 52-week high of $242.52. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.06 and a quick ratio of 0.87.

Amazon.com (NASDAQ:AMZN) last announced its quarterly earnings results on Thursday, February 6th. The e-commerce giant reported $1.86 EPS for the quarter, beating 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%. On average, analysts expect that Amazon.com will post 6.31 EPS for the current year.

Insider Buying and Selling at Amazon.com

In other Amazon.com news, CEO Andrew R. Jassy sold 20,784 shares of the firm’s stock in a transaction that occurred on Friday, February 21st. The stock was sold at an average price of $220.65, for a total value of $4,585,989.60. Following the completion of the transaction, the chief executive officer now directly owns 2,118,886 shares in the company, valued at $467,532,195.90. This trade represents a 0.97 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Douglas J. Herrington sold 27,500 shares of the company’s stock in a transaction that occurred on Wednesday, February 12th. The stock was sold at an average price of $230.27, for a total value of $6,332,425.00. Following the sale, the chief executive officer now owns 497,067 shares in the company, valued at approximately $114,459,618.09. This represents a 5.24 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 104,798 shares of company stock worth $23,341,803. Insiders own 10.80% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of AMZN. Castlekeep Investment Advisors LLC acquired a new position in Amazon.com during the fourth quarter worth approximately $25,000. Accordant Advisory Group Inc boosted its stake in shares of Amazon.com by 400.0% during the 4th quarter. Accordant Advisory Group Inc now owns 125 shares of the e-commerce giant’s stock worth $27,000 after acquiring an additional 100 shares during the period. Prudent Man Investment Management Inc. acquired a new position in shares of Amazon.com during the 4th quarter worth approximately $27,000. Icon Wealth Advisors LLC raised its stake in Amazon.com by 20.5% in the 3rd quarter. Icon Wealth Advisors LLC now owns 150,661 shares of the e-commerce giant’s stock valued at $28,000 after acquiring an additional 25,581 shares during the period. Finally, LSV Asset Management acquired a new stake in Amazon.com during the 4th quarter valued at $35,000. Institutional investors own 72.20% of the company’s stock.

About Amazon.com

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.