Tigress Financial Forecasts Strong Price Appreciation for Amazon.com (NASDAQ:AMZN) Stock

Amazon.com (NASDAQ:AMZN) had its price target boosted by Tigress Financial from $245.00 to $290.00 in a note issued to investors on Friday,Benzinga reports. The firm presently has a “buy” rating on the e-commerce giant’s stock. Tigress Financial’s price objective would indicate a potential upside of 31.21% from the stock’s current price.

Other equities analysts have also issued research reports about the company. JPMorgan Chase & Co. lifted their price target on Amazon.com from $250.00 to $280.00 and gave the company an “overweight” rating in a research note on Wednesday. JMP Securities reiterated a “market outperform” rating and set a $285.00 target price on shares of Amazon.com in a research report on Monday. The Goldman Sachs Group boosted their price target on shares of Amazon.com from $230.00 to $240.00 and gave the stock a “buy” rating in a report on Friday, November 1st. Stifel Nicolaus increased their price objective on shares of Amazon.com from $224.00 to $245.00 and gave the company a “buy” rating in a report on Friday, November 1st. Finally, Deutsche Bank Aktiengesellschaft upped their price target on shares of Amazon.com from $225.00 to $232.00 and gave the stock a “buy” rating in a research report on Friday, November 1st. Two equities research analysts have rated the stock with a hold rating, forty-one have given a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, Amazon.com presently has a consensus rating of “Moderate Buy” and an average target price of $243.00.

Amazon.com Stock Performance

Shares of AMZN traded down $2.27 during mid-day trading on Friday, reaching $221.02. The company had a trading volume of 14,781,229 shares, compared to its average volume of 41,072,906. The stock has a 50 day moving average of $205.11 and a two-hundred day moving average of $190.98. The company has a quick ratio of 0.87, a current ratio of 1.09 and a debt-to-equity ratio of 0.21. The stock has a market capitalization of $2.32 trillion, a P/E ratio of 47.33, a PEG ratio of 1.54 and a beta of 1.16. Amazon.com has a 52-week low of $144.05 and a 52-week high of $233.00.

Amazon.com (NASDAQ:AMZN) last posted its earnings results on Thursday, October 31st. The e-commerce giant reported $1.43 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.14 by $0.29. The firm had revenue of $158.88 billion during the quarter, compared to analysts’ expectations of $157.28 billion. Amazon.com had a net margin of 8.04% and a return on equity of 22.41%. The business’s revenue was up 11.0% compared to the same quarter last year. During the same period in the previous year, the business posted $0.85 EPS. On average, analysts expect that Amazon.com will post 5.29 earnings per share for the current year.

Insider Buying and Selling

In other news, SVP David Zapolsky sold 2,190 shares of the business’s stock in a transaction dated Tuesday, September 24th. The stock was sold at an average price of $195.00, for a total transaction of $427,050.00. Following the completion of the transaction, the senior vice president now directly owns 62,420 shares of the company’s stock, valued at approximately $12,171,900. The trade was a 3.39 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Jonathan Rubinstein sold 4,351 shares of Amazon.com stock in a transaction that occurred on Monday, December 9th. The stock was sold at an average price of $229.85, for a total transaction of $1,000,077.35. Following the completion of the transaction, the director now owns 88,203 shares of the company’s stock, valued at $20,273,459.55. This represents a 4.70 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 6,034,534 shares of company stock valued at $1,253,883,872. Corporate insiders own 10.80% of the company’s stock.

Institutional Investors Weigh In On Amazon.com

A number of hedge funds and other institutional investors have recently modified their holdings of the company. IMS Capital Management increased its holdings in shares of Amazon.com by 2.3% in the 3rd quarter. IMS Capital Management now owns 48,008 shares of the e-commerce giant’s stock valued at $8,945,000 after acquiring an additional 1,078 shares during the last quarter. Syntax Research Inc. increased its stake in Amazon.com by 10.8% in the third quarter. Syntax Research Inc. now owns 4,300 shares of the e-commerce giant’s stock valued at $801,000 after purchasing an additional 420 shares during the last quarter. SMART Wealth LLC raised its holdings in Amazon.com by 41.1% during the third quarter. SMART Wealth LLC now owns 7,317 shares of the e-commerce giant’s stock worth $1,363,000 after purchasing an additional 2,132 shares in the last quarter. Legacy Wealth Management LLC MS lifted its position in shares of Amazon.com by 75.7% during the 3rd quarter. Legacy Wealth Management LLC MS now owns 12,922 shares of the e-commerce giant’s stock worth $2,408,000 after buying an additional 5,567 shares during the last quarter. Finally, Alternative Investment Advisors LLC. grew its position in shares of Amazon.com by 2.2% in the 3rd quarter. Alternative Investment Advisors LLC. now owns 10,164 shares of the e-commerce giant’s stock valued at $1,894,000 after buying an additional 215 shares during the last quarter. 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.