Amazon.com (NASDAQ:AMZN) Price Target Raised to $265.00

Amazon.com (NASDAQ:AMZN) had its target price lifted by Jefferies Financial Group from $255.00 to $265.00 in a report issued on Wednesday,BayStreet.CA reports.

Several other analysts have also recently commented on AMZN. Roth Capital set a $250.00 price target on Amazon.com and gave the stock a “buy” rating in a research report on Tuesday, July 8th. Sanford C. Bernstein set a $235.00 price target on Amazon.com and gave the stock an “outperform” rating in a research report on Tuesday, July 1st. Raymond James Financial reissued an “outperform” rating and set a $195.00 price objective (down previously from $275.00) on shares of Amazon.com in a research note on Monday, April 21st. Citizens Jmp assumed coverage on Amazon.com in a research note on Thursday, July 10th. They set a “strong-buy” rating on the stock. Finally, Tigress Financial boosted their price objective on Amazon.com from $290.00 to $305.00 and gave the stock a “buy” rating in a research note on Tuesday, May 6th. Three investment analysts have rated the stock with a hold rating, forty-five have given a buy rating and two have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $250.35.

Amazon.com Stock Up 1.0%

Shares of AMZN opened at $226.13 on Wednesday. The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.84 and a current ratio of 1.05. Amazon.com has a one year low of $151.61 and a one year high of $242.52. The stock has a market capitalization of $2.40 trillion, a price-to-earnings ratio of 36.83, a PEG ratio of 1.67 and a beta of 1.33. The stock has a 50 day moving average price of $213.50 and a 200 day moving average price of $208.67.

Amazon.com (NASDAQ:AMZN) last issued its quarterly 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 firm had revenue of $155.67 billion during the quarter, compared to analysts’ expectations of $154.96 billion. During the same period in the previous year, the business earned $0.98 earnings per share. The firm’s revenue for the quarter was up 8.6% on a year-over-year basis. Equities research analysts forecast that Amazon.com will post 6.31 earnings per share for the current fiscal year.

Insider Activity

In other Amazon.com news, CEO Douglas J. Herrington sold 2,500 shares of the company’s stock in a transaction dated Tuesday, July 1st. The stock was sold at an average price of $220.06, for a total transaction of $550,150.00. Following the sale, the chief executive officer owned 514,550 shares in the company, valued at $113,231,873. This represents a 0.48% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Jeffrey P. Bezos sold 733,195 shares of the company’s stock in a transaction dated Tuesday, July 15th. The stock was sold at an average price of $227.02, for a total value of $166,449,928.90. Following the sale, the insider owned 894,546,706 shares in the company, valued at approximately $203,079,993,196.12. This trade represents a 0.08% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 14,335,232 shares of company stock worth $3,210,622,570. 9.70% of the stock is owned by company insiders.

Institutional Investors Weigh In On Amazon.com

Several large investors have recently bought and sold shares of the stock. Momentous Wealth Management Inc. purchased a new position in shares of Amazon.com in the 4th quarter valued at about $749,000. Segall Bryant & Hamill LLC increased its holdings in shares of Amazon.com by 14.3% in the 4th quarter. Segall Bryant & Hamill LLC now owns 317,114 shares of the e-commerce giant’s stock valued at $69,572,000 after acquiring an additional 39,696 shares during the last quarter. Bearing Point Capital LLC purchased a new position in shares of Amazon.com in the 4th quarter valued at about $12,014,000. Evergreen Capital Management LLC increased its holdings in shares of Amazon.com by 0.5% in the 4th quarter. Evergreen Capital Management LLC now owns 242,550 shares of the e-commerce giant’s stock valued at $53,213,000 after acquiring an additional 1,198 shares during the last quarter. Finally, Arrowstreet Capital Limited Partnership increased its holdings in shares of Amazon.com by 173.6% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 3,461,573 shares of the e-commerce giant’s stock valued at $759,434,000 after acquiring an additional 2,196,353 shares during the last quarter. Hedge funds and other institutional investors own 72.20% of the company’s stock.

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.