Amazon.com (NASDAQ:AMZN) Stock Price Expected to Rise, BMO Capital Markets Analyst Says

Amazon.com (NASDAQ:AMZN) had its target price increased by stock analysts at BMO Capital Markets from $270.00 to $280.00 in a report issued on Friday,Benzinga reports. The firm presently has an “outperform” rating on the e-commerce giant’s stock. BMO Capital Markets’ price objective suggests a potential upside of 30.38% from the company’s current price.

Several other research firms have also recently weighed in on AMZN. Wall Street Zen cut shares of Amazon.com from a “buy” rating to a “hold” rating in a report on Monday, May 5th. UBS Group reissued a “buy” rating and issued a $271.00 price target (up from $249.00) on shares of Amazon.com in a report on Monday, July 28th. Citigroup increased their price target on shares of Amazon.com from $265.00 to $270.00 and gave the company a “buy” rating in a report on Friday. Robert W. Baird increased their price target on shares of Amazon.com from $220.00 to $244.00 and gave the company an “outperform” rating in a report on Monday, July 21st. Finally, Oppenheimer lowered their price target on shares of Amazon.com from $250.00 to $245.00 and set an “outperform” rating on the stock in a report on Friday. One equities research analyst has rated the stock with a hold rating, forty-seven have issued a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Buy” and a consensus target price of $262.45.

Amazon.com Stock Performance

Shares of AMZN opened at $214.75 on Friday. The firm has a 50-day moving average of $218.20 and a 200-day moving average of $209.11. Amazon.com has a one year low of $151.61 and a one year high of $242.52. The company has a market cap of $2.28 trillion, a PE ratio of 32.74, a price-to-earnings-growth ratio of 1.59 and a beta of 1.31. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.05 and a quick ratio of 0.84.

Amazon.com (NASDAQ:AMZN) last announced its quarterly earnings data on Thursday, July 31st. The e-commerce giant reported $1.68 EPS for the quarter, beating analysts’ consensus estimates of $1.31 by $0.37. The company had revenue of $167.70 billion during the quarter, compared to the consensus estimate of $161.80 billion. Amazon.com had a net margin of 10.54% and a return on equity of 24.90%. The company’s quarterly revenue was up 13.3% on a year-over-year basis. During the same quarter last year, the firm posted $1.26 EPS. As a group, equities analysts forecast that Amazon.com will post 6.31 earnings per share for the current year.

Insider Activity at Amazon.com

In other news, insider Jeffrey P. Bezos sold 2,643,142 shares of the company’s stock in a transaction on Thursday, July 24th. The shares were sold at an average price of $230.43, for a total value of $609,059,211.06. Following the sale, the insider directly owned 883,779,901 shares of the company’s stock, valued at approximately $203,649,402,587.43. This represents a 0.30% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Over the last 90 days, insiders have sold 25,099,537 shares of company stock valued at $5,674,394,548. Corporate insiders own 9.70% of the company’s stock.

Institutional Investors Weigh In On Amazon.com

Institutional investors have recently modified their holdings of the company. Prudent Man Investment Management Inc. bought a new stake in shares of Amazon.com in the 4th quarter valued at $27,000. Carderock Capital Management Inc. bought a new position in Amazon.com during the second quarter worth $27,000. LSV Asset Management bought a new position in Amazon.com during the fourth quarter worth $35,000. Perritt Capital Management Inc boosted its stake in Amazon.com by 72.7% during the fourth quarter. Perritt Capital Management Inc now owns 190 shares of the e-commerce giant’s stock worth $42,000 after acquiring an additional 80 shares in the last quarter. Finally, Cooksen Wealth LLC bought a new position in Amazon.com during the first quarter worth $36,000. 72.20% of the stock is owned by institutional investors.

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.