Amazon.com, Inc. (NASDAQ:AMZN) Receives $244.89 Average Price Target from Analysts

Shares of Amazon.com, Inc. (NASDAQ:AMZN) have been given a consensus recommendation of “Moderate Buy” by the forty-seven analysts that are covering the firm, MarketBeat reports. Three equities research analysts have rated the stock with a hold recommendation and forty-four have given a buy recommendation to the company. The average 1 year target price among analysts that have issued a report on the stock in the last year is $244.89.

A number of research firms have recently issued reports on AMZN. Stifel Nicolaus lowered their price objective on shares of Amazon.com from $248.00 to $245.00 and set a “buy” rating on the stock in a report on Friday, May 2nd. Jefferies Financial Group decreased their target price on shares of Amazon.com from $250.00 to $240.00 and set a “buy” rating for the company in a research note on Tuesday, April 22nd. Rosenblatt Securities raised their target price on shares of Amazon.com from $287.00 to $288.00 and gave the company a “buy” rating in a research note on Friday, May 2nd. Oppenheimer decreased their target price on shares of Amazon.com from $260.00 to $220.00 and set an “outperform” rating for the company in a research note on Monday, April 28th. Finally, Loop Capital raised their target price on shares of Amazon.com from $275.00 to $285.00 and gave the company a “buy” rating in a research note on Wednesday, February 12th.

Insiders Place Their Bets

In other Amazon.com news, CEO Douglas J. Herrington sold 2,500 shares of the business’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 transaction, the chief executive officer now owns 509,474 shares of the company’s stock, valued at approximately $95,776,017.26. The trade was a 0.49% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Shelley Reynolds sold 2,695 shares of the company’s stock in a transaction that occurred on Wednesday, May 21st. The shares were sold at an average price of $200.79, for a total value of $541,129.05. Following the completion of the transaction, the vice president now directly owns 119,780 shares of the company’s stock, valued at $24,050,626.20. This represents a 2.20% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 102,037 shares of company stock valued at $20,531,075. 9.70% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the company. Castlekeep Investment Advisors LLC acquired a new position in shares of Amazon.com in the fourth quarter valued at approximately $25,000. Accordant Advisory Group Inc boosted its holdings in Amazon.com by 400.0% in the fourth quarter. Accordant Advisory Group Inc now owns 125 shares of the e-commerce giant’s stock valued at $27,000 after acquiring an additional 100 shares during the last quarter. Prudent Man Investment Management Inc. bought a new stake in Amazon.com in the fourth quarter valued at approximately $27,000. LSV Asset Management bought a new stake in Amazon.com in the fourth quarter valued at approximately $35,000. Finally, Cooksen Wealth LLC bought a new stake in Amazon.com in the first quarter valued at approximately $36,000. Institutional investors and hedge funds own 72.20% of the company’s stock.

Amazon.com Price Performance

NASDAQ AMZN opened at $216.98 on Friday. The company has a quick ratio of 0.87, a current ratio of 1.06 and a debt-to-equity ratio of 0.18. Amazon.com has a 12-month low of $151.61 and a 12-month high of $242.52. The company has a market capitalization of $2.30 trillion, a PE ratio of 39.24, a price-to-earnings-growth ratio of 1.50 and a beta of 1.33. The firm’s 50 day moving average is $192.26 and its 200-day moving average is $208.96.

Amazon.com (NASDAQ:AMZN) last posted its quarterly earnings data on Thursday, May 1st. The e-commerce giant reported $1.59 earnings per share (EPS) 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 company had revenue of $155.67 billion for the quarter, compared to the consensus estimate of $154.96 billion. During the same period last year, the company earned $0.98 earnings per share. The firm’s revenue was up 8.6% compared to the same quarter last year. Equities research analysts anticipate that Amazon.com will post 6.31 earnings per share for the current fiscal year.

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.