Amazon.com (NASDAQ:AMZN) Given New $218.00 Price Target at Desjardins

Amazon.com (NASDAQ:AMZN) had its price target upped by Desjardins to $218.00 in a report released on Monday,MarketScreener reports. Desjardins’ price target suggests a potential downside of 3.92% from the stock’s current price.

AMZN has been the subject of several other research reports. CICC Research raised their target price on Amazon.com from $240.00 to $280.00 and gave the stock an “outperform” rating in a research note on Wednesday, November 5th. Mizuho downgraded shares of Amazon.com from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, November 18th. Arete Research boosted their price target on shares of Amazon.com from $248.00 to $253.00 and gave the company a “buy” rating in a research report on Monday, October 27th. Telsey Advisory Group boosted their price objective on shares of Amazon.com from $265.00 to $300.00 and gave the company an “outperform” rating in a research note on Friday, October 31st. Finally, Barclays reissued an “overweight” rating and issued a $300.00 price target (up previously from $275.00) on shares of Amazon.com in a research note on Friday, October 31st. One investment analyst has rated the stock with a Strong Buy rating, fifty-six have issued a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $295.35.

Amazon.com Stock Down 1.2%

NASDAQ:AMZN opened at $226.89 on Monday. Amazon.com has a twelve month low of $161.38 and a twelve month high of $258.60. The firm has a market capitalization of $2.43 trillion, a price-to-earnings ratio of 32.05, a price-to-earnings-growth ratio of 1.58 and a beta of 1.37. The stock’s 50 day moving average price is $228.67 and its two-hundred day moving average price is $224.28. The company has a quick ratio of 0.80, a current ratio of 1.01 and a debt-to-equity ratio of 0.14.

Amazon.com (NASDAQ:AMZN) last issued its quarterly earnings data on Thursday, October 30th. The e-commerce giant reported $1.95 EPS for the quarter, beating analysts’ consensus estimates of $1.57 by $0.38. The firm had revenue of $180.17 billion for the quarter, compared to analyst estimates of $177.53 billion. Amazon.com had a return on equity of 23.62% and a net margin of 11.06%.The company’s revenue for the quarter was up 13.4% on a year-over-year basis. During the same period in the prior year, the firm posted $1.43 EPS. Equities research analysts expect that Amazon.com will post 6.31 earnings per share for the current fiscal year.

Insider Activity

In other news, Director Daniel P. Huttenlocher sold 1,237 shares of Amazon.com stock in a transaction dated Thursday, November 20th. The stock was sold at an average price of $226.61, for a total value of $280,316.57. Following the sale, the director directly owned 26,148 shares of the company’s stock, valued at approximately $5,925,398.28. The trade was a 4.52% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Douglas J. Herrington sold 2,500 shares of the business’s stock in a transaction on Monday, December 1st. The stock was sold at an average price of $233.22, for a total transaction of $583,050.00. Following the completion of the sale, the chief executive officer owned 505,934 shares in the company, valued at $117,993,927.48. This represents a 0.49% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders have sold 82,234 shares of company stock worth $19,076,767. Company insiders own 10.80% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of AMZN. Painted Porch Advisors LLC grew its holdings in Amazon.com by 51.0% during the 3rd quarter. Painted Porch Advisors LLC now owns 5,855 shares of the e-commerce giant’s stock valued at $1,286,000 after purchasing an additional 1,978 shares during the last quarter. MRP Capital Investments LLC bought a new stake in Amazon.com during the 3rd quarter valued at about $2,444,000. Saranac Partners Ltd purchased a new stake in Amazon.com in the 3rd quarter valued at about $5,468,000. Strategic Investment Solutions Inc. IL grew its stake in Amazon.com by 15.9% in the 3rd quarter. Strategic Investment Solutions Inc. IL now owns 14,005 shares of the e-commerce giant’s stock worth $2,946,000 after acquiring an additional 1,926 shares in the last quarter. Finally, Standard Investments LLC increased its position in shares of Amazon.com by 92.1% during the third quarter. Standard Investments LLC now owns 1,673,000 shares of the e-commerce giant’s stock worth $367,341,000 after acquiring an additional 802,000 shares during the period. Institutional investors own 72.20% of the company’s stock.

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.