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

Amazon.com (NASDAQ:AMZN) had its price objective increased by stock analysts at Desjardins to $218.00 in a report issued on Monday,MarketScreener reports. Desjardins’ target price would suggest a potential downside of 4.35% from the company’s previous close.

Several other research analysts have also commented on AMZN. BNP Paribas Exane assumed coverage on shares of Amazon.com in a report on Monday, November 24th. They issued an “outperform” rating on the stock. BMO Capital Markets reissued an “outperform” rating on shares of Amazon.com in a research report on Friday. Citigroup restated an “overweight” rating on shares of Amazon.com in a report on Wednesday, November 26th. Monness Crespi & Hardt increased their price target on Amazon.com from $275.00 to $300.00 and gave the company a “buy” rating in a report on Friday, October 31st. Finally, Jefferies Financial Group reiterated a “buy” rating on shares of Amazon.com in a research note on Monday. One equities research analyst has rated the stock with a Strong Buy rating, fifty-seven have given a Buy rating and three have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $295.43.

Amazon.com Trading Up 0.5%

Shares of AMZN opened at $227.92 on Monday. Amazon.com has a twelve month low of $161.38 and a twelve month high of $258.60. The firm has a market capitalization of $2.44 trillion, a P/E ratio of 32.19, a price-to-earnings-growth ratio of 1.56 and a beta of 1.37. The company has a current ratio of 1.01, a quick ratio of 0.80 and a debt-to-equity ratio of 0.14. The stock’s fifty day simple moving average is $228.84 and its 200 day simple moving average is $224.47.

Amazon.com (NASDAQ:AMZN) last announced its quarterly earnings results on Thursday, October 30th. The e-commerce giant reported $1.95 EPS for the quarter, topping the consensus estimate of $1.57 by $0.38. The company had revenue of $180.17 billion during the quarter, compared to analyst estimates of $177.53 billion. Amazon.com had a return on equity of 23.62% and a net margin of 11.06%.The firm’s revenue was up 13.4% on a year-over-year basis. During the same period in the prior year, the firm posted $1.43 earnings per share. On average, equities research analysts forecast that Amazon.com will post 6.31 earnings per share for the current year.

Insiders Place Their Bets

In related news, Director Jonathan Rubinstein sold 8,173 shares of the business’s stock in a transaction dated Friday, October 31st. The stock was sold at an average price of $250.03, for a total value of $2,043,495.19. Following the completion of the sale, the director directly owned 80,030 shares of the company’s stock, valued at $20,009,900.90. The trade was a 9.27% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Douglas J. Herrington sold 22,000 shares of the company’s stock in a transaction that occurred on Friday, October 31st. The shares were sold at an average price of $250.03, for a total value of $5,500,660.00. Following the sale, the chief executive officer owned 493,507 shares in the company, valued at $123,391,555.21. The trade was a 4.27% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders sold 82,234 shares of company stock valued at $19,076,767. 10.80% of the stock is owned by company insiders.

Hedge Funds Weigh In On Amazon.com

Several large investors have recently added to or reduced their stakes in AMZN. Barlow Wealth Partners Inc. boosted its position in Amazon.com by 0.4% during the 2nd quarter. Barlow Wealth Partners Inc. now owns 12,565 shares of the e-commerce giant’s stock valued at $2,763,000 after purchasing an additional 44 shares during the period. Ridgecrest Wealth Partners LLC boosted its position in shares of Amazon.com by 0.5% during the second quarter. Ridgecrest Wealth Partners LLC now owns 8,399 shares of the e-commerce giant’s stock worth $1,843,000 after buying an additional 45 shares during the period. Probity Advisors Inc. grew its holdings in Amazon.com by 0.4% in the 2nd quarter. Probity Advisors Inc. now owns 12,157 shares of the e-commerce giant’s stock worth $2,667,000 after buying an additional 45 shares in the last quarter. IMPACTfolio LLC grew its holdings in Amazon.com by 3.8% in the 3rd quarter. IMPACTfolio LLC now owns 1,225 shares of the e-commerce giant’s stock worth $269,000 after buying an additional 45 shares in the last quarter. Finally, Cadence Wealth Management LLC increased its position in Amazon.com by 3.5% in the 3rd quarter. Cadence Wealth Management LLC now owns 1,328 shares of the e-commerce giant’s stock valued at $292,000 after acquiring an additional 45 shares during the period. 72.20% of the stock is currently owned by 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.