New Street Research Issues Pessimistic Forecast for Amazon.com (NASDAQ:AMZN) Stock Price

Amazon.com (NASDAQ:AMZN) had its price target decreased by stock analysts at New Street Research from $285.00 to $280.00 in a note issued to investors on Monday,MarketScreener reports. The firm presently has a “buy” rating on the e-commerce giant’s stock. New Street Research’s price target would indicate a potential upside of 34.59% from the company’s current price.

Other equities analysts also recently issued reports about the stock. Tigress Financial boosted their target price on shares of Amazon.com from $305.00 to $315.00 and gave the stock a “buy” rating in a report on Wednesday, March 25th. Daiwa Securities Group cut their price objective on shares of Amazon.com from $300.00 to $280.00 and set a “buy” rating on the stock in a research report on Wednesday, February 11th. The Goldman Sachs Group boosted their price objective on shares of Amazon.com from $290.00 to $300.00 and gave the stock a “buy” rating in a research note on Wednesday, January 14th. Guggenheim reissued a “buy” rating and set a $300.00 target price on shares of Amazon.com in a research report on Friday, February 6th. Finally, Scotiabank restated an “outperform” rating and issued a $275.00 target price (down from $300.00) on shares of Amazon.com in a research note on Friday, February 6th. One equities research analyst has rated the stock with a Strong Buy rating, fifty-three have assigned a Buy rating and four have given a Hold rating to the stock. According to MarketBeat, Amazon.com currently has a consensus rating of “Moderate Buy” and an average target price of $286.57.

Read Our Latest Stock Report on Amazon.com

Amazon.com Stock Up 3.5%

Amazon.com stock opened at $208.04 on Monday. The company has a quick ratio of 0.88, a current ratio of 1.05 and a debt-to-equity ratio of 0.16. The firm has a market cap of $2.23 trillion, a P/E ratio of 29.02, a P/E/G ratio of 1.51 and a beta of 1.40. The business has a fifty day moving average of $215.20 and a two-hundred day moving average of $224.73. Amazon.com has a twelve month low of $161.38 and a twelve month high of $258.60.

Amazon.com (NASDAQ:AMZNGet Free Report) last announced its quarterly earnings results on Thursday, February 5th. The e-commerce giant reported $1.95 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.97 by ($0.02). The company had revenue of $213.39 billion during the quarter, compared to analysts’ expectations of $211.02 billion. Amazon.com had a net margin of 10.83% and a return on equity of 21.87%. During the same quarter in the prior year, the business posted $1.86 earnings per share. The company’s revenue was up 13.6% compared to the same quarter last year. On average, analysts forecast that Amazon.com will post 6.31 earnings per share for the current fiscal year.

Insider Activity at Amazon.com

In other Amazon.com news, CEO Andrew R. Jassy sold 19,872 shares of the company’s stock in a transaction that occurred on Monday, February 23rd. The shares were sold at an average price of $205.18, for a total transaction of $4,077,336.96. Following the transaction, 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 document filed with the SEC, which can be accessed through the SEC website. Also, CEO Douglas J. Herrington sold 1,000 shares of the firm’s stock in a transaction on Monday, March 2nd. The stock was sold at an average price of $204.25, for a total transaction of $204,250.00. Following the completion of the transaction, the chief executive officer directly owned 521,361 shares of the company’s stock, valued at approximately $106,487,984.25. This represents a 0.19% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 71,686 shares of company stock worth $14,688,739 in the last 90 days. 10.80% of the stock is owned by insiders.

Institutional Trading of Amazon.com

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. J. Derek Lewis & Associates Inc. purchased a new position in Amazon.com during the 4th quarter worth approximately $3,469,000. Purpose Unlimited Inc. acquired a new stake in shares of Amazon.com in the fourth quarter worth $103,016,000. Cornerstone Planning LLC purchased a new position in shares of Amazon.com during the fourth quarter worth $6,871,000. AMG Asset Management Group Inc. purchased a new position in shares of Amazon.com during the fourth quarter worth $947,000. Finally, Forty three Eighteen Advisors LLC acquired a new position in Amazon.com during the fourth quarter valued at $419,000. Institutional investors and hedge funds own 72.20% of the company’s stock.

Amazon.com News Summary

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.

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