Amazon.com (NASDAQ:AMZN) Price Target Increased to $235.00 by Analysts at Jefferies Financial Group

Amazon.com (NASDAQ:AMZN) had its price target raised by Jefferies Financial Group from $225.00 to $235.00 in a report issued on Tuesday, BayStreet.CA reports.

A number of other analysts have also recently weighed in on the company. Raymond James increased their price objective on Amazon.com from $200.00 to $205.00 and gave the stock a strong-buy rating in a research report on Wednesday, May 1st. DA Davidson reissued a buy rating and issued a $235.00 price target on shares of Amazon.com in a report on Thursday, April 18th. Roth Mkm reaffirmed a buy rating and set a $210.00 price objective (up from $205.00) on shares of Amazon.com in a report on Wednesday, May 1st. Telsey Advisory Group lifted their price objective on Amazon.com from $200.00 to $215.00 and gave the stock an outperform rating in a report on Wednesday, May 1st. Finally, Needham & Company LLC reaffirmed a buy rating and set a $205.00 price objective on shares of Amazon.com in a report on Tuesday. One analyst has rated the stock with a hold rating, forty-two have given a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of Buy and an average price target of $217.38.

Amazon.com Trading Down 2.4 %

AMZN opened at $195.05 on Tuesday. Amazon.com has a one year low of $118.35 and a one year high of $201.20. The company has a market cap of $2.03 trillion, a P/E ratio of 54.64, a PEG ratio of 1.43 and a beta of 1.15. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.87 and a current ratio of 1.07. The business’s 50-day simple moving average is $187.46 and its 200-day simple moving average is $175.88.

Amazon.com (NASDAQ:AMZN) last released its quarterly earnings data on Tuesday, April 30th. The e-commerce giant reported $0.98 EPS for the quarter, beating analysts’ consensus estimates of $0.83 by $0.15. The business had revenue of $143.31 billion for the quarter, compared to the consensus estimate of $142.65 billion. Amazon.com had a return on equity of 19.86% and a net margin of 6.38%. The business’s revenue for the quarter was up 12.5% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.31 EPS. As a group, equities research analysts expect that Amazon.com will post 4.72 EPS for the current fiscal year.

Insider Activity at Amazon.com

In related news, CEO Adam Selipsky sold 500 shares of the business’s stock in a transaction dated Thursday, April 18th. The stock was sold at an average price of $181.38, for a total value of $90,690.00. Following the completion of the sale, the chief executive officer now directly owns 130,600 shares of the company’s stock, valued at $23,688,228. The sale was disclosed in a filing with the SEC, which can be accessed through this link. In other news, CEO Douglas J. Herrington sold 3,500 shares of the stock in a transaction that occurred on Wednesday, May 1st. The stock was sold at an average price of $180.29, for a total transaction of $631,015.00. Following the sale, the chief executive officer now directly owns 509,358 shares in the company, valued at approximately $91,832,153.82. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Adam Selipsky sold 500 shares of the stock in a transaction that occurred on Thursday, April 18th. The stock was sold at an average price of $181.38, for a total value of $90,690.00. Following the sale, the chief executive officer now owns 130,600 shares in the company, valued at $23,688,228. The disclosure for this sale can be found here. Insiders sold a total of 6,113,490 shares of company stock valued at $1,222,340,738 over the last three months. 10.80% of the stock is owned by insiders.

Institutional Trading of Amazon.com

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Vanguard Group Inc. raised its position in shares of Amazon.com by 1.9% during the 1st quarter. Vanguard Group Inc. now owns 785,811,114 shares of the e-commerce giant’s stock worth $141,744,609,000 after purchasing an additional 14,724,687 shares during the period. Norges Bank acquired a new stake in Amazon.com in the 4th quarter valued at approximately $17,700,551,000. Capital Research Global Investors increased its position in Amazon.com by 8.5% in the 1st quarter. Capital Research Global Investors now owns 86,982,857 shares of the e-commerce giant’s stock valued at $15,689,968,000 after acquiring an additional 6,810,145 shares during the period. Jennison Associates LLC increased its position in Amazon.com by 0.5% in the 1st quarter. Jennison Associates LLC now owns 56,666,183 shares of the e-commerce giant’s stock valued at $10,221,446,000 after acquiring an additional 295,132 shares during the period. Finally, Charles Schwab Investment Management Inc. increased its position in Amazon.com by 3.0% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 51,920,953 shares of the e-commerce giant’s stock valued at $7,888,870,000 after acquiring an additional 1,525,922 shares during the period. 72.20% of the stock is currently owned by institutional investors and hedge funds.

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.