By otakuyassine3@gmail.com 
Amazon.com (NASDAQ:AMZN) had its price objective cut by equities research analysts at Jefferies Financial Group from $275.00 to $250.00 in a note issued to investors on Monday,Benzinga reports. The brokerage currently has a “buy” rating on the e-commerce giant’s stock. Jefferies Financial Group’s target price indicates a potential upside of 30.09% from the company’s previous close.
Several other equities research analysts also recently commented on the company. Tigress Financial lifted their price objective on Amazon.com from $245.00 to $290.00 and gave the stock a “buy” rating in a report on Friday, December 20th. Phillip Securities lowered Amazon.com from a “strong-buy” rating to a “moderate buy” rating in a report on Monday, February 10th. Sanford C. Bernstein increased their price target on shares of Amazon.com from $235.00 to $265.00 and gave the stock an “outperform” rating in a research report on Wednesday, December 18th. Rosenblatt Securities boosted their price objective on shares of Amazon.com from $236.00 to $287.00 and gave the company a “buy” rating in a research report on Friday, February 7th. Finally, BMO Capital Markets reaffirmed an “outperform” rating and issued a $236.00 price objective on shares of Amazon.com in a research note on Tuesday, December 3rd. Two analysts have rated the stock with a hold rating, forty-three have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, Amazon.com has an average rating of “Moderate Buy” and an average target price of $260.53.
View Our Latest Research Report on Amazon.com
Amazon.com Stock Up 1.0 %
Shares of NASDAQ:AMZN opened at $192.17 on Monday. The stock’s 50-day moving average price is $215.38 and its 200-day moving average price is $209.31. The company has a current ratio of 1.06, a quick ratio of 0.87 and a debt-to-equity ratio of 0.18. Amazon.com has a 12-month low of $151.61 and a 12-month high of $242.52. The stock has a market capitalization of $2.04 trillion, a P/E ratio of 34.75, a price-to-earnings-growth ratio of 1.50 and a beta of 1.19.
Amazon.com (NASDAQ:AMZN – Get Free Report) last issued its quarterly earnings data on Thursday, February 6th. The e-commerce giant reported $1.86 EPS for the quarter, beating the consensus estimate of $1.52 by $0.34. Amazon.com had a net margin of 9.29% and a return on equity of 24.25%. On average, equities analysts anticipate that Amazon.com will post 6.31 earnings per share for the current year.
Insider Buying and Selling at Amazon.com
In other news, CEO Douglas J. Herrington sold 27,500 shares of the firm’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 transaction, the chief executive officer now owns 497,067 shares in the company, valued at approximately $114,459,618.09. This trade represents a 5.24 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP David Zapolsky sold 19,212 shares of the company’s stock in a transaction that occurred on Monday, February 24th. The stock was sold at an average price of $217.50, for a total value of $4,178,610.00. Following the sale, the senior vice president now directly owns 49,950 shares of the company’s stock, valued at $10,864,125. The trade was a 27.78 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 102,298 shares of company stock valued at $22,871,828. 10.80% of the stock is owned by corporate insiders.
Institutional Inflows and Outflows
Several hedge funds have recently added to or reduced their stakes in AMZN. Vanguard Group Inc. raised its holdings in Amazon.com by 2.2% during the 4th quarter. Vanguard Group Inc. now owns 823,360,597 shares of the e-commerce giant’s stock worth $180,637,081,000 after purchasing an additional 17,635,391 shares during the last quarter. State Street Corp raised its position in Amazon.com by 3.3% in the 3rd quarter. State Street Corp now owns 359,179,990 shares of the e-commerce giant’s stock valued at $66,926,008,000 after buying an additional 11,370,309 shares during the last quarter. FMR LLC lifted its stake in Amazon.com by 0.5% in the 4th quarter. FMR LLC now owns 328,464,225 shares of the e-commerce giant’s stock valued at $72,061,766,000 after acquiring an additional 1,725,664 shares in the last quarter. Geode Capital Management LLC boosted its position in Amazon.com by 2.5% during the 4th quarter. Geode Capital Management LLC now owns 204,930,426 shares of the e-commerce giant’s stock worth $44,837,256,000 after acquiring an additional 5,015,380 shares during the last quarter. Finally, Price T Rowe Associates Inc. MD grew its position in Amazon.com by 2.3% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 182,813,905 shares of the e-commerce giant’s stock valued at $40,107,544,000 after purchasing an additional 4,087,933 shares in the last quarter. Institutional investors and hedge funds 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.
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