Amazon.com (NASDAQ:AMZN) PT Lowered to $210.00 at Bank of America

Amazon.com (NASDAQ:AMZN) had its price target dropped by research analysts at Bank of America from $220.00 to $210.00 in a report issued on Friday, Benzinga reports. The firm presently has a “buy” rating on the e-commerce giant’s stock. Bank of America‘s price objective would suggest a potential upside of 26.83% from the company’s current price.

Several other equities analysts have also recently weighed in on AMZN. Maxim Group raised their target price on shares of Amazon.com from $238.00 to $251.00 and gave the company a “buy” rating in a research note on Friday. Itau BBA Securities cut shares of Amazon.com from an “outperform” rating to a “market perform” rating and set a $186.00 price objective for the company. in a research note on Friday. Barclays lifted their price target on shares of Amazon.com from $220.00 to $235.00 and gave the stock an “overweight” rating in a research note on Friday. UBS Group lifted their price target on shares of Amazon.com from $217.00 to $224.00 and gave the stock a “buy” rating in a research note on Tuesday. Finally, Mizuho lifted their price target on shares of Amazon.com from $230.00 to $240.00 and gave the stock a “buy” rating in a research note on Wednesday, May 1st. Two research 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 stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $218.89.

Amazon.com Price Performance

Shares of AMZN stock traded down $18.50 on Friday, hitting $165.57. 98,104,535 shares of the stock traded hands, compared to its average volume of 42,957,211. The firm has a market cap of $1.72 trillion, a price-to-earnings ratio of 46.68, a PEG ratio of 1.34 and a beta of 1.15. Amazon.com has a 52 week low of $118.35 and a 52 week high of $201.20. The firm has a 50 day simple moving average of $187.38 and a two-hundred day simple moving average of $179.45. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.07 and a quick ratio of 0.87.

Amazon.com (NASDAQ:AMZN) last announced its quarterly earnings data on Thursday, August 1st. The e-commerce giant reported $1.23 EPS for the quarter, beating the consensus estimate of $1.05 by $0.18. The firm had revenue of $147.98 billion for the quarter, compared to the consensus estimate of $148.63 billion. Amazon.com had a net margin of 6.38% and a return on equity of 19.86%. As a group, equities research analysts predict that Amazon.com will post 4.73 earnings per share for the current fiscal year.

Insider Activity

In other news, Director Keith Brian Alexander sold 1,000 shares of the stock in a transaction dated Monday, May 6th. The shares were sold at an average price of $186.22, for a total value of $186,220.00. Following the completion of the sale, the director now directly owns 4,760 shares in the company, valued at $886,407.20. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In other news, insider Jeffrey P. Bezos sold 266,396 shares of the stock in a transaction dated Wednesday, July 10th. The shares were sold at an average price of $200.01, for a total transaction of $53,281,863.96. Following the sale, the insider now owns 928,433,873 shares of the company’s stock, valued at $185,696,058,938.73. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Keith Brian Alexander sold 1,000 shares of the stock in a transaction dated Monday, May 6th. The stock was sold at an average price of $186.22, for a total transaction of $186,220.00. Following the sale, the director now directly owns 4,760 shares in the company, valued at approximately $886,407.20. The disclosure for this sale can be found here. Insiders sold 6,109,490 shares of company stock worth $1,221,619,033 over the last three months. Insiders own 10.80% of the company’s stock.

Institutional Trading of Amazon.com

Several hedge funds have recently made changes to their positions in the business. Collective Family Office LLC raised its holdings in Amazon.com by 9.7% in the first quarter. Collective Family Office LLC now owns 9,278 shares of the e-commerce giant’s stock valued at $1,674,000 after acquiring an additional 819 shares in the last quarter. Members Trust Co raised its holdings in Amazon.com by 8.9% during the fourth quarter. Members Trust Co now owns 4,157 shares of the e-commerce giant’s stock worth $638,000 after purchasing an additional 341 shares in the last quarter. Phillips Wealth Planners LLC raised its holdings in Amazon.com by 9.2% during the first quarter. Phillips Wealth Planners LLC now owns 2,655 shares of the e-commerce giant’s stock worth $487,000 after purchasing an additional 224 shares in the last quarter. LifePlan Financial LLC acquired a new stake in Amazon.com during the fourth quarter worth approximately $1,276,000. Finally, Legacy CG LLC raised its holdings in Amazon.com by 8.2% during the fourth quarter. Legacy CG LLC now owns 55,645 shares of the e-commerce giant’s stock worth $8,455,000 after purchasing an additional 4,217 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.