Amazon.com (NASDAQ:AMZN) Price Target Raised to $285.00 at JMP Securities

Amazon.com (NASDAQ:AMZN) had its price objective lifted by analysts at JMP Securities from $250.00 to $285.00 in a research note issued to investors on Thursday,Benzinga reports. The brokerage presently has a “market outperform” rating on the e-commerce giant’s stock. JMP Securities’ price objective would indicate a potential upside of 26.66% from the company’s current price.

Several other equities analysts also recently issued reports on the stock. Cantor Fitzgerald boosted their price target on shares of Amazon.com from $230.00 to $240.00 and gave the company an “overweight” rating in a report on Friday, May 2nd. Morgan Stanley reduced their price target on shares of Amazon.com from $280.00 to $245.00 and set an “overweight” rating for the company in a report on Monday, April 14th. Raymond James Financial reissued an “outperform” rating and set a $195.00 price target (down previously from $275.00) on shares of Amazon.com in a report on Monday, April 21st. Mizuho reduced their price target on shares of Amazon.com from $285.00 to $255.00 and set an “outperform” rating for the company in a report on Wednesday, April 9th. Finally, Benchmark reaffirmed a “buy” rating and issued a $260.00 price objective on shares of Amazon.com in a report on Friday, May 2nd. Three investment analysts have rated the stock with a hold rating, forty-five have given a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $249.42.

Amazon.com Stock Performance

Amazon.com stock opened at $225.02 on Thursday. The company has a market cap of $2.39 trillion, a PE ratio of 36.65, a P/E/G ratio of 1.67 and a beta of 1.33. The company has a fifty day moving average price of $209.90 and a two-hundred day moving average price of $208.63. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.05 and a quick ratio of 0.84. Amazon.com has a 12 month low of $151.61 and a 12 month high of $242.52.

Amazon.com (NASDAQ:AMZN) last announced its quarterly earnings results on Thursday, May 1st. The e-commerce giant reported $1.59 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.38 by $0.21. Amazon.com had a net margin of 10.14% and a return on equity of 24.14%. The company had revenue of $155.67 billion during the quarter, compared to the consensus estimate of $154.96 billion. During the same quarter in the previous year, the company posted $0.98 earnings per share. The company’s revenue for the quarter was up 8.6% compared to the same quarter last year. Research analysts expect that Amazon.com will post 6.31 earnings per share for the current year.

Insider Buying and Selling

In other news, CFO Brian T. Olsavsky sold 17,750 shares of the company’s stock in a transaction dated Wednesday, May 21st. The stock was sold at an average price of $201.57, for a total value of $3,577,867.50. Following the transaction, the chief financial officer owned 49,000 shares in the company, valued at $9,876,930. This represents a 26.59% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, SVP David Zapolsky sold 13,570 shares of the company’s stock in a transaction dated Thursday, May 22nd. The shares were sold at an average price of $202.41, for a total value of $2,746,703.70. Following the completion of the transaction, the senior vice president owned 47,030 shares in the company, valued at $9,519,342.30. This represents a 22.39% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 6,886,613 shares of company stock worth $1,531,840,610 over the last ninety days. 9.70% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Amazon.com

Large investors have recently made changes to their positions in the business. Castlekeep Investment Advisors LLC acquired a new position in shares of Amazon.com in the 4th quarter valued at about $25,000. Prudent Man Investment Management Inc. bought a new stake in shares of Amazon.com in the 4th quarter valued at approximately $27,000. Carderock Capital Management Inc. bought a new stake in shares of Amazon.com in the 2nd quarter valued at approximately $27,000. LSV Asset Management bought a new stake in shares of Amazon.com in the 4th quarter valued at approximately $35,000. Finally, Cooksen Wealth LLC bought a new stake in shares of Amazon.com in the 1st quarter valued at approximately $36,000. Institutional investors and hedge funds own 72.20% of the company’s stock.

About Amazon.com

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.