Amazon.com (NASDAQ:AMZN) Price Target Cut to $230.00 by Analysts at Cantor Fitzgerald

Amazon.com (NASDAQ:AMZN) had its price target reduced by Cantor Fitzgerald from $270.00 to $230.00 in a report issued on Wednesday morning, Marketbeat Ratings reports. Cantor Fitzgerald currently has an overweight rating on the e-commerce giant’s stock.

AMZN has been the subject of a number of other reports. Mizuho cut their price target on Amazon.com from $285.00 to $255.00 and set an “outperform” rating for the company in a report on Wednesday, April 9th. Bank of America cut their target price on shares of Amazon.com from $257.00 to $225.00 and set a “buy” rating for the company in a research note on Wednesday, April 9th. Benchmark boosted their price objective on shares of Amazon.com from $215.00 to $265.00 and gave the stock a “buy” rating in a report on Tuesday, February 4th. Scotiabank increased their target price on shares of Amazon.com from $246.00 to $306.00 and gave the company a “sector outperform” rating in a research note on Friday, January 24th. Finally, Jefferies Financial Group lowered their price target on Amazon.com from $275.00 to $250.00 and set a “buy” rating on the stock in a research note on Monday, March 31st. Two research analysts have rated the stock with a hold rating, forty-four have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $252.73.

Amazon.com Stock Performance

NASDAQ:AMZN opened at $172.51 on Wednesday. The firm has a market capitalization of $1.83 trillion, a PE ratio of 31.19, a PEG ratio of 1.50 and a beta of 1.39. Amazon.com has a 1 year low of $151.61 and a 1 year high of $242.52. The company has a current ratio of 1.06, a quick ratio of 0.87 and a debt-to-equity ratio of 0.18. The firm’s fifty day simple moving average is $198.44 and its 200 day simple moving average is $207.88.

Amazon.com (NASDAQ:AMZN) last issued its quarterly earnings results on Thursday, February 6th. The e-commerce giant reported $1.86 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.52 by $0.34. Amazon.com had a return on equity of 24.25% and a net margin of 9.29%. On average, sell-side analysts anticipate that Amazon.com will post 6.31 EPS for the current year.

Insider Transactions at Amazon.com

In other news, CEO Andrew R. Jassy sold 20,784 shares of the company’s stock in a transaction that occurred on Friday, February 21st. The shares were sold at an average price of $220.65, for a total value of $4,585,989.60. Following the completion of the transaction, the chief executive officer now owns 2,118,886 shares in the company, valued at $467,532,195.90. This represents a 0.97 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Douglas J. Herrington sold 27,500 shares of the business’s stock in a transaction on Wednesday, February 12th. The shares were sold at an average price of $230.27, for a total transaction of $6,332,425.00. Following the completion of the sale, the chief executive officer now directly owns 497,067 shares in the company, valued at $114,459,618.09. This represents a 5.24 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 104,798 shares of company stock valued at $23,341,803 over the last three months. 10.80% of the stock is currently owned by corporate insiders.

Institutional Trading of Amazon.com

A number of institutional investors have recently modified their holdings of AMZN. Wolf Group Capital Advisors raised its position in Amazon.com by 21.8% in the 1st quarter. Wolf Group Capital Advisors now owns 15,554 shares of the e-commerce giant’s stock valued at $2,959,000 after buying an additional 2,781 shares during the last quarter. Cornerstone Wealth Management LLC grew its stake in shares of Amazon.com by 1.0% during the 1st quarter. Cornerstone Wealth Management LLC now owns 86,240 shares of the e-commerce giant’s stock worth $16,408,000 after acquiring an additional 832 shares in the last quarter. Bender Robert & Associates raised its holdings in shares of Amazon.com by 4.3% in the first quarter. Bender Robert & Associates now owns 133,593 shares of the e-commerce giant’s stock valued at $25,417,000 after purchasing an additional 5,471 shares during the last quarter. Shepherd Financial Partners LLC lifted its position in shares of Amazon.com by 5.2% in the first quarter. Shepherd Financial Partners LLC now owns 86,996 shares of the e-commerce giant’s stock worth $16,552,000 after purchasing an additional 4,263 shares in the last quarter. Finally, Cushing Capital Partners LLC boosted its holdings in Amazon.com by 26.2% during the first quarter. Cushing Capital Partners LLC now owns 1,381 shares of the e-commerce giant’s stock worth $263,000 after purchasing an additional 287 shares during the last quarter. 72.20% of the stock is currently owned by institutional investors.

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.