Amazon.com (NASDAQ:AMZN) Price Target Raised to $218.00

Amazon.com (NASDAQ:AMZN) had its price target boosted by Desjardins to $218.00 in a research report released on Monday morning,MarketScreener reports.

Several other research firms have also commented on AMZN. UBS Group set a $300.00 price target on Amazon.com in a research report on Friday, December 5th. Barclays reiterated an “overweight” rating and set a $300.00 price objective (up previously from $275.00) on shares of Amazon.com in a research note on Friday, October 31st. JPMorgan Chase & Co. restated a “buy” rating and issued a $305.00 target price on shares of Amazon.com in a research note on Tuesday, December 2nd. Cowen reaffirmed a “buy” rating on shares of Amazon.com in a research note on Tuesday, November 25th. Finally, BNP Paribas Exane initiated coverage on shares of Amazon.com in a report on Monday, November 24th. They issued an “outperform” rating on the stock. One investment analyst has rated the stock with a Strong Buy rating, fifty-seven have issued a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat, Amazon.com currently has an average rating of “Moderate Buy” and an average target price of $295.43.

Amazon.com Stock Up 1.7%

Shares of Amazon.com stock opened at $231.78 on Monday. Amazon.com has a twelve month low of $161.38 and a twelve month high of $258.60. The stock has a market cap of $2.48 trillion, a price-to-earnings ratio of 32.74, a price-to-earnings-growth ratio of 1.57 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 company has a fifty day moving average price of $229.06 and a 200 day moving average price of $224.52.

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

Insider Transactions at Amazon.com

In related news, Director Keith Brian Alexander sold 900 shares of the company’s stock in a transaction that occurred on Monday, November 17th. The stock was sold at an average price of $233.00, for a total transaction of $209,700.00. Following the sale, the director directly owned 7,170 shares of the company’s stock, valued at approximately $1,670,610. This represents a 11.15% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CEO Matthew S. Garman sold 17,768 shares of the firm’s stock in a transaction on Friday, November 21st. The stock was sold at an average price of $216.90, for a total value of $3,853,879.20. Following the transaction, the chief executive officer owned 6,273 shares in the company, valued at $1,360,613.70. This trade represents a 73.91% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 82,234 shares of company stock valued at $19,076,767 over the last 90 days. Corporate insiders own 9.70% of the company’s stock.

Institutional Trading of Amazon.com

A number of institutional investors and hedge funds have recently modified their holdings of AMZN. Wilson Asset Management International PTY Ltd. purchased a new position in Amazon.com during the 2nd quarter valued at about $11,102,000. ARK Investment Management LLC lifted its position in shares of Amazon.com by 8.3% in the second quarter. ARK Investment Management LLC now owns 1,140,494 shares of the e-commerce giant’s stock worth $250,213,000 after purchasing an additional 86,978 shares in the last quarter. Buckhead Capital Management LLC boosted its holdings in shares of Amazon.com by 16.1% during the second quarter. Buckhead Capital Management LLC now owns 28,407 shares of the e-commerce giant’s stock worth $6,232,000 after purchasing an additional 3,948 shares during the period. Flaharty Asset Management LLC grew its position in Amazon.com by 87.7% during the first quarter. Flaharty Asset Management LLC now owns 5,088 shares of the e-commerce giant’s stock valued at $968,000 after purchasing an additional 2,377 shares in the last quarter. Finally, Border to Coast Pensions Partnership Ltd grew its position in Amazon.com by 6.0% during the second quarter. Border to Coast Pensions Partnership Ltd now owns 1,136,311 shares of the e-commerce giant’s stock valued at $249,295,000 after purchasing an additional 63,924 shares in the last quarter. 72.20% of the stock is owned by institutional investors and hedge funds.

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.