Citigroup Issues Pessimistic Forecast for Amazon.com (NASDAQ:AMZN) Stock Price

Amazon.com (NASDAQ:AMZN) had its price target reduced by equities research analysts at Citigroup from $273.00 to $225.00 in a research note issued on Monday, Marketbeat reports. The firm presently has a “buy” rating on the e-commerce giant’s stock. Citigroup’s price target would suggest a potential upside of 25.29% from the stock’s previous close.

Several other equities research analysts also recently issued reports on AMZN. Barclays raised their price target on Amazon.com from $235.00 to $265.00 and gave the company an “overweight” rating in a report on Friday, February 7th. Benchmark raised their target price on shares of Amazon.com from $215.00 to $265.00 and gave the stock a “buy” rating in a research note on Tuesday, February 4th. Rosenblatt Securities upped their price target on shares of Amazon.com from $236.00 to $287.00 and gave the company a “buy” rating in a research note on Friday, February 7th. Wolfe Research raised their price objective on shares of Amazon.com from $250.00 to $270.00 and gave the stock an “outperform” rating in a research report on Friday, January 3rd. Finally, Telsey Advisory Group restated an “outperform” rating and set a $275.00 price objective on shares of Amazon.com in a report on Friday, February 7th. Two investment 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’s stock. According to MarketBeat, Amazon.com presently has a consensus rating of “Moderate Buy” and a consensus target price of $253.56.

Amazon.com Stock Performance

Shares of AMZN opened at $179.59 on Monday. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.06 and a quick ratio of 0.87. The firm has a 50-day moving average of $201.96 and a 200-day moving average of $208.30. The company has a market cap of $1.90 trillion, a PE ratio of 32.48, a price-to-earnings-growth ratio of 1.50 and a beta of 1.39. Amazon.com has a one year low of $151.61 and a one year high of $242.52.

Amazon.com (NASDAQ:AMZN) last posted its quarterly earnings results on Thursday, February 6th. The e-commerce giant reported $1.86 EPS for the quarter, topping analysts’ consensus estimates of $1.52 by $0.34. Amazon.com had a return on equity of 24.25% and a net margin of 9.29%. As a group, equities analysts forecast that Amazon.com will post 6.31 earnings per share for the current year.

Insider Buying and Selling

In other news, VP Shelley Reynolds sold 8,833 shares of Amazon.com stock in a transaction on Friday, February 21st. The shares were sold at an average price of $222.47, for a total transaction of $1,965,077.51. Following the transaction, the vice president now owns 119,780 shares in the company, valued at approximately $26,647,456.60. The trade was a 6.87 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Douglas J. Herrington sold 2,500 shares of the stock in a transaction on Tuesday, April 1st. The shares were sold at an average price of $187.99, for a total value of $469,975.00. Following the completion of the sale, the chief executive officer now owns 509,474 shares of the company’s stock, valued at $95,776,017.26. The trade was a 0.49 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 104,798 shares of company stock worth $23,341,803 in the last 90 days. Insiders own 10.80% of the company’s stock.

Institutional Investors Weigh In On Amazon.com

A number of institutional investors have recently made changes to their positions in AMZN. Castlekeep Investment Advisors LLC acquired a new stake in Amazon.com during the 4th quarter valued at approximately $25,000. Accordant Advisory Group Inc boosted its stake in shares of Amazon.com by 400.0% in the 4th quarter. Accordant Advisory Group Inc now owns 125 shares of the e-commerce giant’s stock valued at $27,000 after purchasing an additional 100 shares during the last quarter. Prudent Man Investment Management Inc. acquired a new stake in shares of Amazon.com during the fourth quarter worth $27,000. Icon Wealth Advisors LLC raised its stake in Amazon.com by 20.5% during the third quarter. Icon Wealth Advisors LLC now owns 150,661 shares of the e-commerce giant’s stock worth $28,000 after buying an additional 25,581 shares during the last quarter. Finally, LSV Asset Management acquired a new position in Amazon.com in the fourth quarter valued at $35,000. 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.