Amazon.com (NASDAQ:AMZN) Price Target Raised to $270.00

Amazon.com (NASDAQ:AMZN) had its target price boosted by Wolfe Research from $250.00 to $270.00 in a research note issued to investors on Friday, Marketbeat.com reports. Wolfe Research currently has an outperform rating on the e-commerce giant’s stock.

Several other equities analysts have also recently weighed in on AMZN. Stifel Nicolaus raised their price target on Amazon.com from $224.00 to $245.00 and gave the company a “buy” rating in a report on Friday, November 1st. Robert W. Baird raised their target price on shares of Amazon.com from $220.00 to $260.00 and gave the company an “outperform” rating in a report on Friday, December 13th. JPMorgan Chase & Co. boosted their price target on shares of Amazon.com from $250.00 to $280.00 and gave the stock an “overweight” rating in a research report on Wednesday, December 18th. JMP Securities reiterated a “market outperform” rating and set a $285.00 price objective on shares of Amazon.com in a research report on Monday, December 16th. Finally, Susquehanna boosted their target price on shares of Amazon.com from $220.00 to $230.00 and gave the stock a “positive” rating in a report on Friday, November 1st. Two analysts have rated the stock with a hold rating, forty-one have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $243.44.

Amazon.com Trading Up 1.8 %

AMZN stock opened at $224.19 on Friday. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.09 and a quick ratio of 0.87. Amazon.com has a 1-year low of $144.05 and a 1-year high of $233.00. The business has a 50 day simple moving average of $213.07 and a two-hundred day simple moving average of $194.21. The company has a market capitalization of $2.36 trillion, a price-to-earnings ratio of 48.01, a PEG ratio of 1.54 and a beta of 1.16.

Amazon.com (NASDAQ:AMZN) last issued its earnings results on Thursday, October 31st. The e-commerce giant reported $1.43 earnings per share for the quarter, topping analysts’ consensus estimates of $1.14 by $0.29. The firm had revenue of $158.88 billion during 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%. Amazon.com’s revenue for the quarter was up 11.0% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.85 earnings per share. Research analysts anticipate that Amazon.com will post 5.29 EPS for the current fiscal year.

Insider Buying and Selling

In other news, insider Jeffrey P. Bezos sold 2,996,362 shares of the company’s stock in a transaction on Monday, November 11th. The shares were sold at an average price of $206.75, for a total transaction of $619,497,843.50. Following the completion of the sale, the insider now owns 914,420,614 shares of the company’s stock, valued at $189,056,461,944.50. This represents a 0.33 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Jonathan Rubinstein sold 4,351 shares of the firm’s stock in a transaction dated Monday, December 9th. The stock was sold at an average price of $229.85, for a total transaction of $1,000,077.35. Following the completion of the transaction, the director now directly owns 88,203 shares in the company, valued at approximately $20,273,459.55. This represents a 4.70 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 6,032,344 shares of company stock valued at $1,253,456,822. 10.80% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the business. jvl associates llc grew its position in shares of Amazon.com by 1.8% in the fourth quarter. jvl associates llc now owns 3,958 shares of the e-commerce giant’s stock valued at $868,000 after purchasing an additional 70 shares in the last quarter. Integrated Capital Management LLC grew its holdings in Amazon.com by 1.0% in the 4th quarter. Integrated Capital Management LLC now owns 6,116 shares of the e-commerce giant’s stock valued at $1,342,000 after buying an additional 58 shares in the last quarter. First Citizens Financial Corp raised its holdings in shares of Amazon.com by 32.4% during the 4th quarter. First Citizens Financial Corp now owns 2,076 shares of the e-commerce giant’s stock worth $455,000 after acquiring an additional 508 shares during the period. Everence Capital Management Inc. boosted its position in shares of Amazon.com by 0.8% during the 4th quarter. Everence Capital Management Inc. now owns 176,370 shares of the e-commerce giant’s stock valued at $38,694,000 after acquiring an additional 1,370 shares during the last quarter. Finally, NRI Wealth Management LC acquired a new stake in Amazon.com during the fourth quarter worth about $5,990,000. 72.20% of the stock is owned by hedge funds and other institutional investors.

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.