Several other research analysts also recently commented on the company. Tigress Financial raised their price objective on Amazon.com from $290.00 to $305.00 and gave the stock a “buy” rating in a report on Tuesday, May 6th. Piper Sandler restated an “overweight” rating and issued a $212.00 price objective (down from $215.00) on shares of Amazon.com in a report on Friday, May 2nd. Barclays lowered their price objective on shares of Amazon.com from $265.00 to $240.00 and set an “overweight” rating for the company in a research note on Friday, May 2nd. Citizens Jmp cut their target price on shares of Amazon.com from $285.00 to $240.00 and set an “outperform” rating on the stock in a research report on Monday, April 14th. Finally, Royal Bank of Canada lowered their price target on shares of Amazon.com from $235.00 to $230.00 and set an “outperform” rating for the company in a research report on Friday, May 2nd. Four equities research analysts have rated the stock with a hold rating and forty-four have issued a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $244.89.

View Our Latest Research Report on Amazon.com

In other Amazon.com news, CEO Douglas J. Herrington sold 2,500 shares of the business’s stock in a transaction that occurred on Thursday, May 1st. The stock was sold at an average price of $190.67, for a total value of $476,675.00. Following the completion of the transaction, the chief executive officer now directly owns 506,974 shares of the company’s stock, valued at approximately $96,664,732.58. The trade was a 0.49% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Andrew R. Jassy sold 19,872 shares of the company’s stock in a transaction that occurred on Wednesday, May 21st. The stock was sold at an average price of $201.30, for a total value of $4,000,233.60. Following the completion of the sale, the chief executive officer now owns 2,148,694 shares in the company, valued at approximately $432,532,102.20. This represents a 0.92% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 102,037 shares of company stock valued at $20,531,075. Company insiders own 9.70% of the company’s stock.

Several institutional investors have recently made changes to their positions in AMZN. Momentous Wealth Management Inc. purchased a new position in shares of Amazon.com in the 4th quarter valued at about $749,000. Segall Bryant & Hamill LLC grew its holdings in Amazon.com by 14.3% in the fourth quarter. Segall Bryant & Hamill LLC now owns 317,114 shares of the e-commerce giant’s stock valued at $69,572,000 after purchasing an additional 39,696 shares during the period. Evergreen Capital Management LLC increased its position in shares of Amazon.com by 0.5% in the fourth quarter. Evergreen Capital Management LLC now owns 242,550 shares of the e-commerce giant’s stock valued at $53,213,000 after buying an additional 1,198 shares in the last quarter. Bearing Point Capital LLC acquired a new position in shares of Amazon.com during the 4th quarter worth approximately $12,014,000. Finally, Arrowstreet Capital Limited Partnership raised its stake in shares of Amazon.com by 173.6% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 3,461,573 shares of the e-commerce giant’s stock worth $759,434,000 after buying an additional 2,196,353 shares during the period. 72.20% of the stock is owned by hedge funds and other institutional investors.

The business has a 50-day moving average price of $191.41 and a 200-day moving average price of $208.65. The stock has a market cap of $2.21 trillion, a PE ratio of 37.60, a price-to-earnings-growth ratio of 1.50 and a beta of 1.33. The company has a current ratio of 1.06, a quick ratio of 0.87 and a debt-to-equity ratio of 0.18.

Amazon.com (NASDAQ:AMZN – Get Free Report) last posted its quarterly earnings data on Thursday, May 1st. The e-commerce giant reported $1.59 earnings per share for the quarter, topping analysts’ consensus estimates of $1.38 by $0.21. Amazon.com had a net margin of 9.29% and a return on equity of 24.25%. The company had revenue of $155.67 billion during the quarter, compared to analysts’ expectations of $154.96 billion. During the same period in the prior year, the business posted $0.98 earnings per share. The firm’s revenue for the quarter was up 8.6% on a year-over-year basis. As a group, analysts forecast that Amazon.com, Inc. will post 6.31 earnings per share for the current year.

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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.

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