Amazon.com (NASDAQ:AMZN) Price Target Raised to $304.00

Amazon.com (NASDAQ:AMZN) had its target price upped by analysts at BMO Capital Markets from $300.00 to $304.00 in a research report issued to clients and investors on Tuesday,MarketScreener reports. The firm currently has an “outperform” rating on the e-commerce giant’s stock. BMO Capital Markets’ price target points to a potential upside of 36.60% from the stock’s previous close.

Several other analysts have also recently issued reports on the stock. New Street Research upped their target price on shares of Amazon.com from $270.00 to $340.00 and gave the company a “buy” rating in a research report on Tuesday, November 4th. Citigroup reaffirmed an “overweight” rating on shares of Amazon.com in a research note on Wednesday, November 26th. CICC Research boosted their target price on Amazon.com from $240.00 to $280.00 and gave the company an “outperform” rating in a research report on Wednesday, November 5th. Zacks Research raised shares of Amazon.com from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, October 22nd. Finally, Mizuho lowered Amazon.com from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, November 18th. Two analysts have rated the stock with a Strong Buy rating, fifty-six have assigned a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $295.50.

Amazon.com Stock Performance

Shares of NASDAQ AMZN opened at $222.54 on Tuesday. The company has a market cap of $2.38 trillion, a P/E ratio of 31.43, a P/E/G ratio of 1.56 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 fifty day moving average is $229.39 and its two-hundred day moving average is $225.13.

Amazon.com (NASDAQ:AMZN) last released its quarterly earnings results on Thursday, October 30th. The e-commerce giant reported $1.95 earnings per share for the quarter, beating the consensus estimate of $1.57 by $0.38. Amazon.com had a return on equity of 23.62% and a net margin of 11.06%.The business had revenue of $180.17 billion during the quarter, compared to analysts’ expectations of $177.53 billion. During the same quarter last year, the business posted $1.43 EPS. The firm’s revenue for the quarter was up 13.4% compared to the same quarter last year. As a group, analysts anticipate that Amazon.com will post 6.31 EPS for the current fiscal year.

Insiders Place Their Bets

In other Amazon.com news, Director Daniel P. Huttenlocher sold 1,237 shares of the firm’s stock in a transaction that occurred on Thursday, November 20th. The shares were sold at an average price of $226.61, for a total value of $280,316.57. Following the completion of the sale, the director directly owned 26,148 shares in the company, valued at $5,925,398.28. This trade represents a 4.52% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Douglas J. Herrington sold 2,500 shares of the company’s stock in a transaction on Monday, December 1st. The stock was sold at an average price of $233.22, for a total value of $583,050.00. Following the transaction, the chief executive officer directly owned 505,934 shares in the company, valued at approximately $117,993,927.48. The trade was a 0.49% 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. Insiders own 9.70% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Fairway Wealth LLC raised its position in shares of Amazon.com by 113.2% in the 3rd quarter. Fairway Wealth LLC now owns 113 shares of the e-commerce giant’s stock valued at $25,000 after purchasing an additional 60 shares during the last quarter. Carderock Capital Management Inc. acquired a new position in Amazon.com during the 2nd quarter valued at approximately $27,000. Sellwood Investment Partners LLC purchased a new position in shares of Amazon.com in the third quarter worth $27,000. Maryland Capital Advisors Inc. lifted its stake in shares of Amazon.com by 81.9% during the second quarter. Maryland Capital Advisors Inc. now owns 211 shares of the e-commerce giant’s stock worth $46,000 after buying an additional 95 shares during the period. Finally, Ryan Investment Management Inc. purchased a new stake in shares of Amazon.com during the second quarter valued at $48,000. 72.20% of the stock is currently owned by hedge funds and other institutional investors.

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.