Amazon.com (NASDAQ:AMZN) Given New $225.00 Price Target at JPMorgan Chase & Co.

Amazon.com (NASDAQ:AMZN) had its price objective raised by investment analysts at JPMorgan Chase & Co. from $220.00 to $225.00 in a note issued to investors on Friday,Benzinga reports. The firm currently has an “overweight” rating on the e-commerce giant’s stock. JPMorgan Chase & Co.‘s target price would suggest a potential upside of 18.43% from the company’s current price.

AMZN has been the topic of a number of other research reports. Wells Fargo & Company dropped their price target on Amazon.com from $207.00 to $203.00 and set an “equal weight” rating on the stock in a research report on Tuesday, February 25th. Needham & Company LLC reiterated a “buy” rating and set a $220.00 target price on shares of Amazon.com in a research report on Friday. Raymond James reissued an “outperform” rating and issued a $195.00 price target (down previously from $275.00) on shares of Amazon.com in a research report on Monday, April 21st. Cantor Fitzgerald cut their price objective on shares of Amazon.com from $270.00 to $230.00 and set an “overweight” rating for the company in a report on Wednesday, April 16th. Finally, Wolfe Research boosted their target price on shares of Amazon.com from $250.00 to $270.00 and gave the company an “outperform” rating in a report on Friday, January 3rd. Three research analysts have rated the stock with a hold rating and forty-four have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $243.55.

Amazon.com Trading Down 0.1 %

NASDAQ AMZN opened at $189.98 on Friday. The business’s fifty day moving average is $190.48 and its 200-day moving average is $207.92. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.06 and a quick ratio of 0.87. The stock has a market capitalization of $2.02 trillion, a price-to-earnings ratio of 34.35, a PEG ratio of 1.50 and a beta of 1.39. Amazon.com has a one year low of $151.61 and a one year high of $242.52.

Amazon.com (NASDAQ:AMZN) last released its earnings results on Thursday, May 1st. The e-commerce giant reported $1.59 earnings per share for the quarter, beating analysts’ consensus estimates of $1.38 by $0.21. Amazon.com had a net margin of 9.29% and a return on equity of 24.25%. The firm had revenue of $155.67 billion for the quarter, compared to analysts’ expectations of $154.96 billion. During the same period in the previous year, the company earned $0.98 earnings per share. The company’s quarterly revenue was up 8.6% on a year-over-year basis. Equities research analysts predict that Amazon.com will post 6.31 EPS for the current year.

Insider Buying and Selling at Amazon.com

In other Amazon.com news, CFO Brian T. Olsavsky sold 14,620 shares of the stock in a transaction on Friday, February 21st. The stock was sold at an average price of $223.14, for a total value of $3,262,306.80. Following the completion of the transaction, the chief financial officer now owns 49,000 shares in the company, valued at approximately $10,933,860. This represents a 22.98 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Douglas J. Herrington sold 2,500 shares of the company’s stock in a transaction dated Tuesday, April 1st. The stock was sold at an average price of $187.99, for a total transaction of $469,975.00. Following the completion of the sale, the chief executive officer now directly owns 509,474 shares in the company, valued at $95,776,017.26. This represents a 0.49 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 104,798 shares of company stock valued at $23,341,803 in the last 90 days. Insiders own 10.80% of the company’s stock.

Institutional Investors Weigh In On Amazon.com

A number of hedge funds and other institutional investors have recently bought and sold shares of AMZN. Carson Advisory Inc. boosted its position in shares of Amazon.com by 2.9% in the 1st quarter. Carson Advisory Inc. now owns 4,777 shares of the e-commerce giant’s stock worth $909,000 after purchasing an additional 136 shares in the last quarter. Sachetta LLC boosted its holdings in Amazon.com by 3.6% in the first quarter. Sachetta LLC now owns 10,401 shares of the e-commerce giant’s stock worth $1,979,000 after acquiring an additional 361 shares in the last quarter. Burling Wealth Partners LLC grew its stake in shares of Amazon.com by 1.4% in the first quarter. Burling Wealth Partners LLC now owns 109,257 shares of the e-commerce giant’s stock worth $20,787,000 after acquiring an additional 1,523 shares during the last quarter. Retirement Planning Co of New England Inc. increased its holdings in shares of Amazon.com by 61.1% during the first quarter. Retirement Planning Co of New England Inc. now owns 33,071 shares of the e-commerce giant’s stock valued at $6,292,000 after acquiring an additional 12,545 shares in the last quarter. Finally, Acas LLC boosted its stake in Amazon.com by 1.5% in the 1st quarter. Acas LLC now owns 24,712 shares of the e-commerce giant’s stock worth $4,700,000 after purchasing an additional 369 shares in the last quarter. Hedge funds and other 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.