Amazon.com (NASDAQ:AMZN) Price Target Raised to $218.00

Amazon.com (NASDAQ:AMZN) had its price target boosted by research analysts at Desjardins to $218.00 in a note issued to investors on Monday,MarketScreener reports. Desjardins’ price target suggests a potential downside of 3.92% from the stock’s previous close.

Other analysts have also issued research reports about the company. Royal Bank Of Canada reissued a “buy” rating and issued a $300.00 price objective on shares of Amazon.com in a research report on Tuesday, December 2nd. Deutsche Bank Aktiengesellschaft lifted their target price on shares of Amazon.com from $278.00 to $300.00 and gave the company a “buy” rating in a report on Friday, October 31st. JPMorgan Chase & Co. reiterated a “buy” rating and issued a $305.00 price objective on shares of Amazon.com in a research report on Tuesday, December 2nd. Maxim Group upped their price target on Amazon.com from $272.00 to $280.00 and gave the stock a “buy” rating in a report on Friday, October 31st. Finally, TD Cowen upped their target price on Amazon.com from $255.00 to $300.00 and gave the stock a “buy” rating in a research note on Friday, October 31st. One investment analyst has rated the stock with a Strong Buy rating, fifty-six have assigned a Buy rating and three have issued a Hold rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $295.35.

Amazon.com Price Performance

NASDAQ AMZN opened at $226.89 on Monday. The company has a market cap of $2.43 trillion, a PE ratio of 32.05, a P/E/G ratio of 1.58 and a beta of 1.37. Amazon.com has a 52-week low of $161.38 and a 52-week high of $258.60. The company has a debt-to-equity ratio of 0.14, a quick ratio of 0.80 and a current ratio of 1.01. The firm’s 50 day moving average price is $228.67 and its 200-day moving average price is $224.28.

Amazon.com (NASDAQ:AMZN) last issued its quarterly earnings data on Thursday, October 30th. The e-commerce giant reported $1.95 earnings per share for the quarter, topping analysts’ consensus estimates of $1.57 by $0.38. The firm had revenue of $180.17 billion during the quarter, compared to analysts’ expectations of $177.53 billion. Amazon.com had a return on equity of 23.62% and a net margin of 11.06%.The firm’s quarterly revenue was up 13.4% on a year-over-year basis. During the same period in the prior year, the business posted $1.43 EPS. Sell-side analysts forecast that Amazon.com will post 6.31 EPS for the current fiscal year.

Insider Activity

In related news, CEO Andrew R. Jassy sold 19,872 shares of the business’s stock in a transaction dated Friday, November 21st. The shares were sold at an average price of $216.94, for a total value of $4,311,031.68. Following the sale, the chief executive officer directly owned 2,208,310 shares in the company, valued at approximately $479,070,771.40. The trade was a 0.89% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Keith Brian Alexander sold 900 shares of the company’s stock in a transaction that occurred on Monday, November 17th. The stock was sold at an average price of $233.00, for a total transaction of $209,700.00. Following the completion of the transaction, the director owned 7,170 shares in the company, valued at approximately $1,670,610. This represents a 11.15% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders sold 82,234 shares of company stock worth $19,076,767. 10.80% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Amazon.com

Several hedge funds and other institutional investors have recently made changes to their positions in AMZN. Painted Porch Advisors LLC raised its holdings in Amazon.com by 51.0% in the third quarter. Painted Porch Advisors LLC now owns 5,855 shares of the e-commerce giant’s stock valued at $1,286,000 after acquiring an additional 1,978 shares in the last quarter. MRP Capital Investments LLC acquired a new position in shares of Amazon.com in the 3rd quarter valued at $2,444,000. Saranac Partners Ltd purchased a new position in shares of Amazon.com during the third quarter worth about $5,468,000. Strategic Investment Solutions Inc. IL increased its position in shares of Amazon.com by 15.9% during the third quarter. Strategic Investment Solutions Inc. IL now owns 14,005 shares of the e-commerce giant’s stock worth $2,946,000 after purchasing an additional 1,926 shares in the last quarter. Finally, Standard Investments LLC lifted its holdings in shares of Amazon.com by 92.1% in the 3rd quarter. Standard Investments LLC now owns 1,673,000 shares of the e-commerce giant’s stock valued at $367,341,000 after purchasing an additional 802,000 shares during the last quarter. Hedge funds and other institutional investors 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.