Cantor Fitzgerald Forecasts Strong Price Appreciation for Amazon.com (NASDAQ:AMZN) Stock

Amazon.com (NASDAQ:AMZN) had its price target increased by analysts at Cantor Fitzgerald from $250.00 to $260.00 in a research report issued to clients and investors on Wednesday,Benzinga reports. The firm presently has an “overweight” rating on the e-commerce giant’s stock. Cantor Fitzgerald’s price target indicates a potential upside of 11.28% from the stock’s current price.

Several other equities analysts also recently weighed in on the company. Guggenheim reaffirmed a “buy” rating and issued a $300.00 price objective on shares of Amazon.com in a research note on Friday, February 6th. Roth Mkm reaffirmed a “buy” rating and issued a $295.00 price objective (up from $270.00) on shares of Amazon.com in a research note on Monday, January 26th. JPMorgan Chase & Co. raised their price objective on Amazon.com from $265.00 to $280.00 and gave the company an “overweight” rating in a research note on Wednesday, March 25th. Wedbush dropped their price objective on Amazon.com from $340.00 to $300.00 and set an “outperform” rating for the company in a research note on Friday, February 6th. Finally, Needham & Company LLC reaffirmed a “buy” rating and issued a $265.00 price objective on shares of Amazon.com in a research note on Tuesday, March 17th. One research analyst has rated the stock with a Strong Buy rating, fifty-three have given a Buy rating and four have issued a Hold rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $287.39.

View Our Latest Analysis on Amazon.com

Amazon.com Stock Performance

AMZN opened at $233.65 on Wednesday. Amazon.com has a 1-year low of $165.29 and a 1-year high of $258.60. The stock has a market cap of $2.51 trillion, a P/E ratio of 32.59, a P/E/G ratio of 1.66 and a beta of 1.38. The stock’s 50 day simple moving average is $211.98 and its 200 day simple moving average is $224.05. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.05 and a quick ratio of 0.88.

Amazon.com (NASDAQ:AMZNGet Free Report) last released its quarterly earnings data on Thursday, February 5th. The e-commerce giant reported $1.95 earnings per share for the quarter, missing the consensus estimate of $1.97 by ($0.02). Amazon.com had a net margin of 10.83% and a return on equity of 21.87%. The firm had revenue of $213.39 billion during the quarter, compared to analysts’ expectations of $211.02 billion. During the same period in the previous year, the business earned $1.86 earnings per share. The business’s revenue for the quarter was up 13.6% on a year-over-year basis. As a group, equities analysts anticipate that Amazon.com will post 6.31 EPS for the current fiscal year.

Insider Activity

In other Amazon.com news, CEO Andrew R. Jassy sold 19,872 shares of the stock in a transaction on Monday, February 23rd. The stock was sold at an average price of $205.18, for a total transaction of $4,077,336.96. Following the sale, the chief executive officer owned 2,238,118 shares in the company, valued at approximately $459,217,051.24. This represents a 0.88% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Matthew S. Garman sold 17,751 shares of the stock in a transaction on Monday, February 23rd. The shares were sold at an average price of $205.22, for a total value of $3,642,860.22. Following the sale, the chief executive officer owned 9,405 shares in the company, valued at approximately $1,930,094.10. This trade represents a 65.37% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 72,686 shares of company stock worth $14,899,239 in the last quarter. 9.70% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Amazon.com

Several hedge funds have recently made changes to their positions in the business. J. Derek Lewis & Associates Inc. acquired a new stake in shares of Amazon.com during the fourth quarter worth $3,469,000. Purpose Unlimited Inc. acquired a new stake in shares of Amazon.com during the fourth quarter worth $103,016,000. Cornerstone Planning LLC acquired a new stake in shares of Amazon.com during the fourth quarter worth $6,871,000. AMG Asset Management Group Inc. acquired a new stake in shares of Amazon.com during the fourth quarter worth $947,000. Finally, Forty three Eighteen Advisors LLC acquired a new stake in shares of Amazon.com during the fourth quarter worth $419,000. Institutional investors and hedge funds own 72.20% of the company’s stock.

Key Headlines Impacting Amazon.com

Here are the key news stories impacting Amazon.com this week:

Amazon.com Company Profile

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Amazon.com, Inc is a diversified technology and retail company best known for its e-commerce marketplace and broad portfolio of consumer and enterprise services. Founded by Jeff Bezos in 1994 and headquartered in Seattle, Washington, the company launched as an online bookseller and expanded into a global retail platform that sells products directly to consumers and provides a marketplace for third-party sellers. Over time Amazon has grown beyond retail into areas including cloud computing, digital media, devices and logistics.

Key businesses and offerings include Amazon’s online marketplace and fulfillment services, the Amazon Prime membership program (which bundles expedited shipping with streaming and other benefits), Amazon Web Services (AWS) which supplies on-demand cloud computing and storage to businesses and public-sector customers, and a range of content and advertising services such as Prime Video and Amazon Advertising.

Further Reading

Analyst Recommendations for Amazon.com (NASDAQ:AMZN)

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