Amazon.com (NASDAQ:AMZN) Price Target Cut to $240.00 by Analysts at Citizens Jmp

Amazon.com (NASDAQ:AMZN) had its target price decreased by Citizens Jmp from $285.00 to $240.00 in a research note issued to investors on Monday morning, Marketbeat.com reports. Citizens Jmp currently has an outperform rating on the e-commerce giant’s stock.

Other analysts also recently issued reports about the company. Cantor Fitzgerald restated an “overweight” rating and issued a $270.00 price objective on shares of Amazon.com in a report on Friday, February 7th. Westpark Capital initiated coverage on shares of Amazon.com in a research note on Tuesday, April 1st. They set a “buy” rating and a $280.00 price objective on the stock. Sanford C. Bernstein lifted their price objective on shares of Amazon.com from $235.00 to $265.00 and gave the company an “outperform” rating in a report on Wednesday, December 18th. Telsey Advisory Group reaffirmed an “outperform” rating and set a $275.00 target price on shares of Amazon.com in a research report on Friday, February 7th. Finally, Citigroup reiterated a “buy” rating on shares of Amazon.com in a report on Thursday, April 3rd. Two investment analysts have rated the stock with a hold rating, forty-four have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, Amazon.com presently has a consensus rating of “Moderate Buy” and an average target price of $252.73.

Amazon.com Stock Down 2.9 %

Shares of NASDAQ:AMZN opened at $174.33 on Monday. The firm has a market capitalization of $1.85 trillion, a PE ratio of 31.52, a price-to-earnings-growth ratio of 1.50 and a beta of 1.39. The business has a 50 day simple moving average of $200.86 and a two-hundred day simple moving average of $208.06. Amazon.com has a 1 year low of $151.61 and a 1 year high of $242.52. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.06 and a quick ratio of 0.87.

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 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 predict that Amazon.com will post 6.31 EPS for the current year.

Insider Activity at Amazon.com

In other news, CFO Brian T. Olsavsky sold 14,620 shares of the stock in a transaction on Friday, February 21st. The stock was sold at an average price of $223.14, for a total value of $3,262,306.80. Following the sale, the chief financial officer now directly owns 49,000 shares in the company, valued at approximately $10,933,860. This trade represents a 22.98 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Douglas J. Herrington sold 2,500 shares of the business’s stock in a transaction on Tuesday, April 1st. The stock was sold at an average price of $187.99, for a total value of $469,975.00. Following the transaction, the chief executive officer now directly 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 sold 104,798 shares of company stock worth $23,341,803 in the last three months. 10.80% of the stock is owned by company insiders.

Institutional Investors Weigh In On Amazon.com

A number of hedge funds have recently bought and sold shares of AMZN. Rench Wealth Management Inc. increased its position in shares of Amazon.com by 7.9% in the 3rd quarter. Rench Wealth Management Inc. now owns 50,403 shares of the e-commerce giant’s stock valued at $9,392,000 after purchasing an additional 3,703 shares during the last quarter. Blankinship & Foster LLC increased its holdings in Amazon.com by 216.4% in the third quarter. Blankinship & Foster LLC now owns 6,930 shares of the e-commerce giant’s stock valued at $1,291,000 after buying an additional 4,740 shares during the last quarter. One Wealth Capital Management LLC acquired a new stake in Amazon.com in the fourth quarter valued at $4,270,000. Floyd Financial Group LLC purchased a new stake in Amazon.com during the 4th quarter worth about $4,494,000. Finally, Washington Trust Advisors Inc. boosted its position in shares of Amazon.com by 0.4% during the 3rd quarter. Washington Trust Advisors Inc. now owns 225,254 shares of the e-commerce giant’s stock worth $41,972,000 after acquiring an additional 982 shares in the last quarter. Institutional investors and hedge funds 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.