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

Amazon.com (NASDAQ:AMZN) had its price objective raised by Maxim Group from $260.00 to $280.00 in a report published on Friday morning,Benzinga reports. Maxim Group currently has a buy rating on the e-commerce giant’s stock.

Other equities research analysts also recently issued reports about the stock. Benchmark boosted their price target on shares of Amazon.com from $215.00 to $265.00 and gave the company a “buy” rating in a research note on Tuesday. Scotiabank boosted their target price on Amazon.com from $246.00 to $306.00 and gave the company a “sector outperform” rating in a research report on Friday, January 24th. Robert W. Baird raised their price target on Amazon.com from $220.00 to $260.00 and gave the stock an “outperform” rating in a research report on Friday, December 13th. TD Cowen boosted their price objective on Amazon.com from $240.00 to $265.00 and gave the company a “buy” rating in a report on Thursday, December 12th. Finally, Stifel Nicolaus raised their target price on Amazon.com from $245.00 to $275.00 and gave the company a “buy” rating in a report on Friday. Two equities research analysts have rated the stock with a hold rating, forty-two have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, Amazon.com has a consensus rating of “Moderate Buy” and an average target price of $260.20.

Amazon.com Trading Down 4.1 %

AMZN opened at $229.15 on Friday. The business’s 50 day moving average price is $226.51 and its 200 day moving average price is $200.30. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.87 and a current ratio of 1.09. The stock has a market capitalization of $2.41 trillion, a PE ratio of 49.07, a P/E/G ratio of 1.35 and a beta of 1.15. Amazon.com has a one year low of $151.61 and a one year high of $242.52.

Amazon.com (NASDAQ:AMZN) last released its quarterly earnings results on Thursday, February 6th. The e-commerce giant reported $1.86 earnings per share for the quarter, topping analysts’ consensus estimates of $1.52 by $0.34. Amazon.com had a return on equity of 22.41% and a net margin of 8.04%. As a group, equities research analysts expect that Amazon.com will post 5.3 EPS for the current year.

Insider Activity

In other Amazon.com news, Director Daniel P. Huttenlocher sold 1,237 shares of the firm’s stock in a transaction on Tuesday, November 19th. The shares were sold at an average price of $199.06, for a total transaction of $246,237.22. Following the transaction, the director now directly owns 24,912 shares of the company’s stock, valued at approximately $4,958,982.72. This trade represents a 4.73 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Jonathan Rubinstein sold 4,351 shares of the company’s stock in a transaction dated Monday, December 9th. The shares were sold at an average price of $229.85, for a total transaction of $1,000,077.35. Following the completion of the sale, the director now directly owns 88,203 shares of the company’s stock, valued at $20,273,459.55. The trade was a 4.70 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 3,026,212 shares of company stock valued at $625,666,424. Insiders own 10.80% of the company’s stock.

Hedge Funds Weigh In On Amazon.com

Several institutional investors have recently added to or reduced their stakes in the stock. Warwick Investment Management Inc. lifted its position in Amazon.com by 2.9% during the 4th quarter. Warwick Investment Management Inc. now owns 8,829 shares of the e-commerce giant’s stock worth $1,937,000 after acquiring an additional 246 shares during the period. Saturna Capital Corp raised its stake in shares of Amazon.com by 1.8% during the fourth quarter. Saturna Capital Corp now owns 28,999 shares of the e-commerce giant’s stock worth $6,362,000 after purchasing an additional 505 shares during the last quarter. Summit X LLC lifted its holdings in shares of Amazon.com by 11.4% during the fourth quarter. Summit X LLC now owns 24,485 shares of the e-commerce giant’s stock worth $5,372,000 after purchasing an additional 2,500 shares during the period. Wealth High Governance Capital Ltda grew its position in Amazon.com by 396.0% in the 4th quarter. Wealth High Governance Capital Ltda now owns 49,600 shares of the e-commerce giant’s stock valued at $10,882,000 after buying an additional 39,600 shares during the last quarter. Finally, Windle Wealth LLC increased its stake in Amazon.com by 6.6% in the 4th quarter. Windle Wealth LLC now owns 12,884 shares of the e-commerce giant’s stock valued at $2,827,000 after buying an additional 800 shares during the period. 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.