Amazon.com (NASDAQ:AMZN) Given New $285.00 Price Target at JMP Securities

Amazon.com (NASDAQ:AMZN) had its price objective boosted by equities research analysts at JMP Securities from $265.00 to $285.00 in a note issued to investors on Friday, Benzinga reports. The brokerage presently has a “market outperform” rating on the e-commerce giant’s stock. JMP Securities’ price objective points to a potential upside of 43.99% from the company’s current price.

Several other research firms also recently commented on AMZN. Wolfe Research started coverage on Amazon.com in a report on Tuesday, July 16th. They issued an “outperform” rating and a $250.00 price objective for the company. JPMorgan Chase & Co. reduced their price target on shares of Amazon.com from $240.00 to $230.00 and set an “overweight” rating for the company in a research note on Friday, August 2nd. UBS Group boosted their price objective on shares of Amazon.com from $220.00 to $223.00 and gave the company a “buy” rating in a report on Monday, October 28th. Morgan Stanley restated an “overweight” rating and issued a $210.00 target price on shares of Amazon.com in a report on Thursday, October 3rd. Finally, The Goldman Sachs Group lifted their target price on shares of Amazon.com from $230.00 to $240.00 and gave the stock a “buy” rating in a research report on Friday. Two equities research analysts have rated the stock with a hold rating, forty have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $246.02.

Amazon.com Trading Up 6.2 %

Shares of NASDAQ AMZN opened at $197.93 on Friday. The firm’s 50 day moving average price is $184.82 and its 200-day moving average price is $183.76. Amazon.com has a 52-week low of $136.47 and a 52-week high of $201.20. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.88 and a current ratio of 1.10. The company has a market cap of $2.08 trillion, a PE ratio of 42.38, a P/E/G ratio of 1.46 and a beta of 1.14.

Amazon.com (NASDAQ:AMZN) last released its quarterly earnings data 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 business had revenue of $158.88 billion for the quarter, compared to analysts’ expectations of $157.28 billion. Amazon.com had a return on equity of 21.39% and a net margin of 7.35%. The firm’s quarterly revenue was up 11.0% on a year-over-year basis. During the same period in the prior year, the firm posted $0.85 EPS. On average, equities research analysts expect that Amazon.com will post 4.84 EPS for the current fiscal year.

Insider Buying and Selling at Amazon.com

In other news, CEO Andrew R. Jassy sold 20,784 shares of the firm’s stock in a transaction dated Wednesday, August 21st. The stock was sold at an average price of $180.77, for a total transaction of $3,757,123.68. Following the completion of the transaction, the chief executive officer now owns 2,056,534 shares in the company, valued at $371,759,651.18. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. In related news, SVP David Zapolsky sold 2,190 shares of the business’s stock in a transaction on Tuesday, September 24th. The shares were sold at an average price of $195.00, for a total value of $427,050.00. Following the sale, the senior vice president now owns 62,420 shares in the company, valued at approximately $12,171,900. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Andrew R. Jassy sold 20,784 shares of the stock in a transaction on Wednesday, August 21st. The shares were sold at an average price of $180.77, for a total transaction of $3,757,123.68. Following the transaction, the chief executive officer now owns 2,056,534 shares of the company’s stock, valued at $371,759,651.18. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 50,855 shares of company stock worth $9,215,048. Insiders own 10.80% of the company’s stock.

Institutional Trading of Amazon.com

A number of large investors have recently made changes to their positions in AMZN. Garrison Point Advisors LLC increased its stake in Amazon.com by 0.3% during the first quarter. Garrison Point Advisors LLC now owns 20,375 shares of the e-commerce giant’s stock worth $3,675,000 after acquiring an additional 55 shares during the last quarter. Meridian Investment Counsel Inc. increased its position in shares of Amazon.com by 1.8% during the 2nd quarter. Meridian Investment Counsel Inc. now owns 3,076 shares of the e-commerce giant’s stock valued at $594,000 after purchasing an additional 55 shares during the last quarter. O Connor Financial Group LLC raised its holdings in Amazon.com by 2.2% during the 3rd quarter. O Connor Financial Group LLC now owns 2,536 shares of the e-commerce giant’s stock valued at $473,000 after buying an additional 55 shares during the period. Cherrydale Wealth Management LLC raised its holdings in Amazon.com by 0.7% during the 3rd quarter. Cherrydale Wealth Management LLC now owns 7,492 shares of the e-commerce giant’s stock valued at $1,396,000 after buying an additional 55 shares during the period. Finally, Ridgecrest Wealth Partners LLC lifted its position in Amazon.com by 0.7% in the first quarter. Ridgecrest Wealth Partners LLC now owns 7,755 shares of the e-commerce giant’s stock worth $1,399,000 after buying an additional 56 shares during the last quarter. 72.20% of the stock is currently owned by institutional investors.

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.