Amazon.com (NASDAQ:AMZN) Price Target Raised to $253.00 at Moffett Nathanson

Amazon.com (NASDAQ:AMZN) had its price objective raised by Moffett Nathanson from $250.00 to $253.00 in a research note published on Tuesday morning, MarketBeat reports. The firm currently has a buy rating on the e-commerce giant’s stock.

Several other analysts have also commented on AMZN. Scotiabank cut their price objective on Amazon.com from $306.00 to $250.00 and set a “sector outperform” rating for the company in a report on Monday, April 21st. Wedbush restated an “outperform” rating and set a $235.00 price target (up from $225.00) on shares of Amazon.com in a research note on Friday, May 2nd. Mizuho lowered their price objective on shares of Amazon.com from $285.00 to $255.00 and set an “outperform” rating on the stock in a research note on Wednesday, April 9th. Citizens Jmp decreased their price target on shares of Amazon.com from $285.00 to $240.00 and set an “outperform” rating on the stock in a research report on Monday, April 14th. Finally, Tigress Financial raised their target price on shares of Amazon.com from $290.00 to $305.00 and gave the stock a “buy” rating in a research note on Tuesday, May 6th. Four research analysts have rated the stock with a hold rating and forty-four have assigned a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $245.64.

Amazon.com Price Performance

Shares of NASDAQ AMZN opened at $212.77 on Tuesday. 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 1 year low of $151.61 and a 1 year high of $242.52. The company’s 50-day moving average is $199.60 and its 200 day moving average is $209.07. The stock has a market capitalization of $2.26 trillion, a P/E ratio of 34.65, a P/E/G ratio of 1.57 and a beta of 1.33.

Amazon.com (NASDAQ:AMZN) last released its earnings results on Thursday, May 1st. The e-commerce giant reported $1.59 EPS for the quarter, topping the consensus estimate of $1.38 by $0.21. Amazon.com had a return on equity of 24.14% and a net margin of 10.14%. The business had revenue of $155.67 billion for the quarter, compared to the consensus estimate of $154.96 billion. During the same period 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. On average, sell-side analysts expect that Amazon.com will post 6.31 earnings per share for the current year.

Insiders Place Their Bets

In related news, VP Shelley Reynolds sold 2,695 shares of Amazon.com stock in a transaction that occurred on Wednesday, May 21st. The stock was sold at an average price of $200.79, for a total transaction of $541,129.05. Following the completion of the transaction, the vice president now directly owns 119,780 shares in the company, valued at $24,050,626.20. The trade was a 2.20% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Matthew S. Garman sold 20,923 shares of the firm’s stock in a transaction on Wednesday, May 21st. The stock was sold at an average price of $201.30, for a total value of $4,211,799.90. The disclosure for this sale can be found here. In the last ninety days, insiders sold 102,037 shares of company stock valued at $20,531,075. 10.80% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the company. Prudent Man Investment Management Inc. purchased a new stake in Amazon.com during the fourth quarter valued at about $27,000. LSV Asset Management acquired a new position in Amazon.com during the 4th quarter worth approximately $35,000. Perritt Capital Management Inc raised its stake in shares of Amazon.com by 72.7% during the fourth quarter. Perritt Capital Management Inc now owns 190 shares of the e-commerce giant’s stock valued at $42,000 after purchasing an additional 80 shares during the period. Cooksen Wealth LLC purchased a new stake in shares of Amazon.com during the first quarter valued at approximately $36,000. Finally, Inlight Wealth Management LLC acquired a new position in shares of Amazon.com during the first quarter worth $40,000. Institutional investors and hedge funds 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.