Amazon.com (NASDAQ:AMZN) Price Target Raised to $244.00 at Robert W. Baird

Amazon.com (NASDAQ:AMZN) had its price target boosted by Robert W. Baird from $220.00 to $244.00 in a research report released on Monday, Marketbeat.com reports. Robert W. Baird currently has an outperform rating on the e-commerce giant’s stock.

AMZN has been the subject of a number of other reports. DA Davidson cut their target price on Amazon.com from $280.00 to $230.00 and set a “buy” rating for the company in a research report on Monday, April 14th. Citizens Jmp began coverage on Amazon.com in a research report on Thursday, July 10th. They issued a “strong-buy” rating for the company. Sanford C. Bernstein set a $235.00 target price on Amazon.com and gave the stock an “outperform” rating in a research report on Tuesday, July 1st. Telsey Advisory Group restated an “outperform” rating and issued a $235.00 target price on shares of Amazon.com in a research report on Thursday, July 10th. Finally, The Goldman Sachs Group cut their target price on shares of Amazon.com from $255.00 to $220.00 and set a “buy” rating for the company in a research note on Tuesday, April 22nd. Three investment analysts have rated the stock with a hold rating, forty-five have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $250.02.

Amazon.com Stock Up 1.4%

Shares of NASDAQ AMZN opened at $229.19 on Monday. Amazon.com has a 1 year low of $151.61 and a 1 year high of $242.52. The firm has a market cap of $2.43 trillion, a price-to-earnings ratio of 37.33, a PEG ratio of 1.69 and a beta of 1.33. The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.84 and a current ratio of 1.05. The stock’s 50-day simple moving average is $213.50 and its 200-day simple moving average is $208.51.

Amazon.com (NASDAQ:AMZN) last issued its earnings results on Thursday, May 1st. The e-commerce giant reported $1.59 EPS for the quarter, beating analysts’ consensus estimates of $1.38 by $0.21. Amazon.com had a return on equity of 24.14% and a net margin of 10.14%. The company had revenue of $155.67 billion during the quarter, compared to the consensus estimate of $154.96 billion. During the same period in the previous year, the firm posted $0.98 earnings per share. Amazon.com’s quarterly revenue was up 8.6% compared to the same quarter last year. As a group, equities analysts anticipate that Amazon.com will post 6.31 earnings per share for the current fiscal year.

Insider Activity

In related news, CEO Matthew S. Garman sold 20,923 shares of the company’s stock in a transaction dated Wednesday, May 21st. The shares were sold at an average price of $201.30, for a total value of $4,211,799.90. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Jeffrey P. Bezos sold 4,273,237 shares of the company’s stock in a transaction dated Friday, July 11th. The shares were sold at an average price of $224.81, for a total transaction of $960,666,409.97. Following the completion of the transaction, the insider owned 897,722,088 shares in the company, valued at approximately $201,816,902,603.28. This trade represents a 0.47% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 14,335,232 shares of company stock worth $3,210,622,570 over the last 90 days. 10.80% of the stock is owned by company insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Prudent Man Investment Management Inc. bought a new position in Amazon.com in the 4th quarter valued at approximately $27,000. Carderock Capital Management Inc. bought a new position in Amazon.com in the 2nd quarter valued at approximately $27,000. LSV Asset Management bought a new position in Amazon.com in the 4th quarter valued at approximately $35,000. Perritt Capital Management Inc lifted its stake in Amazon.com by 72.7% in the 4th quarter. Perritt Capital Management Inc now owns 190 shares of the e-commerce giant’s stock valued at $42,000 after purchasing an additional 80 shares during the last quarter. Finally, Cooksen Wealth LLC bought a new position in Amazon.com in the 1st quarter valued at approximately $36,000. Institutional investors and hedge funds own 72.20% of the company’s stock.

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.