Jefferies Financial Group Forecasts Strong Price Appreciation for Amazon.com (NASDAQ:AMZN) Stock

Amazon.com (NASDAQ:AMZN) had its price target boosted by analysts at Jefferies Financial Group from $235.00 to $275.00 in a report issued on Monday,Benzinga reports. The brokerage presently has a “buy” rating on the e-commerce giant’s stock. Jefferies Financial Group’s price objective suggests a potential upside of 20.90% from the company’s previous close.

Several other equities research analysts have also recently weighed in on the stock. Wedbush upped their price objective on shares of Amazon.com from $225.00 to $250.00 and gave the stock an “outperform” rating in a research report on Friday, November 1st. Oppenheimer upped their target price on Amazon.com from $220.00 to $230.00 and gave the company an “outperform” rating in a report on Friday, November 1st. JMP Securities raised their price target on shares of Amazon.com from $265.00 to $285.00 and gave the stock a “market outperform” rating in a research note on Friday, November 1st. Mizuho lifted their price target on Amazon.com from $240.00 to $260.00 and gave the company an “outperform” rating in a research report on Tuesday, December 10th. Finally, Cantor Fitzgerald reiterated an “overweight” rating and set a $230.00 price target on shares of Amazon.com in a research report on Monday, October 7th. Two research analysts have rated the stock with a hold rating, forty-one have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $239.76.

Amazon.com Trading Down 0.7 %

Shares of AMZN opened at $227.46 on Monday. The business’s 50-day moving average price is $201.65 and its 200 day moving average price is $189.78. Amazon.com has a 1-year low of $144.05 and a 1-year high of $231.20. The company has a current ratio of 1.09, a quick ratio of 0.87 and a debt-to-equity ratio of 0.21. The stock has a market capitalization of $2.39 trillion, a P/E ratio of 48.71, a P/E/G ratio of 1.54 and a beta of 1.16.

Amazon.com (NASDAQ:AMZN) last announced its quarterly earnings results on Thursday, October 31st. The e-commerce giant reported $1.43 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.14 by $0.29. The firm had revenue of $158.88 billion for the quarter, compared to analyst estimates of $157.28 billion. Amazon.com had a net margin of 8.04% and a return on equity of 22.41%. The business’s revenue for the quarter was up 11.0% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.85 EPS. Analysts expect that Amazon.com will post 5.29 earnings per share for the current year.

Insider Activity

In other Amazon.com news, Director Daniel P. Huttenlocher sold 1,237 shares of the business’s stock in a transaction dated Tuesday, November 19th. The shares were sold at an average price of $199.06, for a total transaction of $246,237.22. Following the sale, the director now directly owns 24,912 shares of the company’s stock, valued at $4,958,982.72. The trade was a 4.73 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. Also, Director Jonathan Rubinstein sold 4,351 shares of the firm’s stock in a transaction dated Monday, December 9th. The shares were sold at an average price of $229.85, for a total value of $1,000,077.35. Following the completion of the transaction, the director now owns 88,203 shares of the company’s stock, valued at $20,273,459.55. The trade was a 4.70 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 6,034,534 shares of company stock worth $1,253,883,872 over the last quarter. 10.80% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the stock. Icon Wealth Advisors LLC grew its stake in shares of Amazon.com by 20.5% in the third quarter. Icon Wealth Advisors LLC now owns 150,661 shares of the e-commerce giant’s stock valued at $28,000 after buying an additional 25,581 shares in the last quarter. PayPay Securities Corp grew its position in shares of Amazon.com by 64.6% in the 2nd quarter. PayPay Securities Corp now owns 163 shares of the e-commerce giant’s stock valued at $32,000 after acquiring an additional 64 shares during the period. Hoese & Co LLP acquired a new position in shares of Amazon.com during the 3rd quarter worth about $37,000. Bull Oak Capital LLC bought a new stake in shares of Amazon.com in the 3rd quarter valued at about $45,000. Finally, Values First Advisors Inc. acquired a new stake in Amazon.com in the 3rd quarter valued at about $56,000. 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.