Amazon.com (NASDAQ:AMZN) Given New $260.00 Price Target at Oppenheimer

Amazon.com (NASDAQ:AMZN) had its price target boosted by analysts at Oppenheimer from $230.00 to $260.00 in a research report issued on Friday,Benzinga reports. The brokerage currently has an “outperform” rating on the e-commerce giant’s stock. Oppenheimer’s price target points to a potential upside of 13.03% from the stock’s current price.

A number of other research firms have also recently commented on AMZN. Scotiabank lifted their target price on Amazon.com from $246.00 to $306.00 and gave the stock a “sector outperform” rating in a research report on Friday, January 24th. Deutsche Bank Aktiengesellschaft increased their target price on Amazon.com from $225.00 to $232.00 and gave the company a “buy” rating in a research note on Friday, November 1st. Moffett Nathanson boosted their price objective on Amazon.com from $235.00 to $248.00 and gave the stock a “buy” rating in a research report on Tuesday, November 26th. HSBC raised their target price on Amazon.com from $225.00 to $270.00 and gave the company a “buy” rating in a report on Monday, January 13th. Finally, Roth Mkm increased their price objective on Amazon.com from $220.00 to $250.00 and gave the company a “buy” rating in a research report on Monday, December 9th. Two analysts have rated the stock with a hold rating, forty-one have issued a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $256.13.

Amazon.com Stock Performance

AMZN stock traded down $8.80 during midday trading on Friday, hitting $230.03. The company’s stock had a trading volume of 47,616,520 shares, compared to its average volume of 34,618,402. The stock has a market cap of $2.42 trillion, a price-to-earnings ratio of 49.26, a PEG ratio of 1.35 and a beta of 1.15. Amazon.com has a 1 year low of $151.61 and a 1 year high of $242.52. 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’s 50-day moving average price is $226.51 and its 200 day moving average price is $200.30.

Amazon.com (NASDAQ:AMZN) last announced its quarterly earnings data on Thursday, February 6th. The e-commerce giant reported $1.86 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.52 by $0.34. Amazon.com had a return on equity of 22.41% and a net margin of 8.04%. On average, equities analysts forecast that Amazon.com will post 5.3 EPS for the current year.

Insider Buying and Selling at Amazon.com

In other Amazon.com news, insider Jeffrey P. Bezos sold 2,996,362 shares of the stock in a transaction dated Monday, November 11th. The stock was sold at an average price of $206.75, for a total value of $619,497,843.50. Following the transaction, the insider now owns 914,420,614 shares of the company’s stock, valued at approximately $189,056,461,944.50. This represents a 0.33 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Jonathan Rubinstein sold 4,351 shares of the stock in a transaction dated Monday, December 9th. The stock was sold at an average price of $229.85, for a total value of $1,000,077.35. Following the sale, 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 sold 3,026,212 shares of company stock valued at $625,666,424. 10.80% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Amazon.com

Several institutional investors and hedge funds have recently modified their holdings of AMZN. Argentarii LLC acquired a new stake in shares of Amazon.com in the fourth quarter valued at $7,229,000. Jackson Hole Capital Partners LLC lifted its position in shares of Amazon.com by 1.4% during the 4th quarter. Jackson Hole Capital Partners LLC now owns 40,915 shares of the e-commerce giant’s stock valued at $8,976,000 after acquiring an additional 569 shares during the period. Horan Securities Inc. increased its stake in shares of Amazon.com by 5.9% during the 4th quarter. Horan Securities Inc. now owns 1,501 shares of the e-commerce giant’s stock worth $329,000 after purchasing an additional 84 shares in the last quarter. Schaper Benz & Wise Investment Counsel Inc. WI raised its holdings in Amazon.com by 2.3% in the 4th quarter. Schaper Benz & Wise Investment Counsel Inc. WI now owns 56,626 shares of the e-commerce giant’s stock valued at $12,423,000 after acquiring an additional 1,268 shares during the last quarter. Finally, Kendall Capital Management acquired a new stake in shares of Amazon.com during the 4th quarter worth $382,000. 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.