Amazon.com (NASDAQ:AMZN) Price Target Raised to $280.00

Amazon.com (NASDAQ:AMZN) had its target price increased by Cantor Fitzgerald from $260.00 to $280.00 in a research note published on Friday morning, Marketbeat.com reports. Cantor Fitzgerald currently has an overweight rating on the e-commerce giant’s stock.

Other analysts have also issued reports about the stock. Raymond James Financial reiterated an “outperform” rating and set a $195.00 target price (down from $275.00) on shares of Amazon.com in a report on Monday, April 21st. Robert W. Baird increased their target price on shares of Amazon.com from $220.00 to $244.00 and gave the stock an “outperform” rating in a report on Monday, July 21st. Royal Bank Of Canada dropped their target price on shares of Amazon.com from $235.00 to $230.00 and set an “outperform” rating for the company in a report on Friday, May 2nd. Citizens Jmp initiated coverage on shares of Amazon.com in a report on Thursday, July 10th. They set a “strong-buy” rating for the company. Finally, Roth Capital set a $250.00 price objective on shares of Amazon.com and gave the stock a “buy” rating in a report on Tuesday, July 8th. One investment analyst has rated the stock with a hold rating, forty-seven have assigned a buy rating and two have issued a strong buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Buy” and an average price target of $262.45.

Amazon.com Stock Performance

Amazon.com stock opened at $214.75 on Friday. The company has a current ratio of 1.02, a quick ratio of 0.81 and a debt-to-equity ratio of 0.15. The firm has a 50-day moving average of $218.20 and a 200-day moving average of $209.03. The firm has a market cap of $2.28 trillion, a P/E ratio of 32.74, a P/E/G ratio of 1.57 and a beta of 1.31. Amazon.com has a 1-year low of $151.61 and a 1-year high of $242.52.

Amazon.com (NASDAQ:AMZN) last posted its earnings results on Thursday, July 31st. The e-commerce giant reported $1.68 earnings per share for the quarter, topping analysts’ consensus estimates of $1.31 by $0.37. The company had revenue of $167.70 billion during the quarter, compared to analyst estimates of $161.80 billion. Amazon.com had a net margin of 10.54% and a return on equity of 23.84%. Amazon.com’s revenue for the quarter was up 13.3% on a year-over-year basis. During the same period in the prior year, the business posted $1.26 earnings per share. Sell-side analysts expect that Amazon.com will post 6.31 EPS for the current year.

Insider Buying and Selling at Amazon.com

In related news, insider Jeffrey P. Bezos sold 2,643,142 shares of the firm’s stock in a transaction that occurred on Thursday, July 24th. The shares were sold at an average price of $230.43, for a total transaction of $609,059,211.06. Following the completion of the sale, the insider owned 883,779,901 shares of the company’s stock, valued at $203,649,402,587.43. This trade represents a 0.30% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders have sold a total of 25,099,537 shares of company stock worth $5,674,394,548 over the last ninety days. 10.80% of the stock is owned by company insiders.

Institutional Investors Weigh In On Amazon.com

Several institutional investors and hedge funds have recently made changes to their positions in AMZN. Prudent Man Investment Management Inc. bought a new stake in Amazon.com in the 4th quarter worth approximately $27,000. Carderock Capital Management Inc. bought a new stake in Amazon.com in the 2nd quarter worth approximately $27,000. LSV Asset Management purchased a new position in shares of Amazon.com during the 4th quarter worth $35,000. Perritt Capital Management Inc boosted its stake in shares of Amazon.com by 72.7% during the 4th 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 during the last quarter. Finally, Cooksen Wealth LLC purchased a new position in shares of Amazon.com during the 1st quarter worth $36,000. Institutional investors 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.