Amazon.com (NASDAQ:AMZN) Given New $265.00 Price Target at Royal Bank of Canada

Amazon.com (NASDAQ:AMZN) had its price objective hoisted by Royal Bank of Canada from $255.00 to $265.00 in a report released on Friday morning,Benzinga reports. Royal Bank of Canada currently has an outperform rating on the e-commerce giant’s stock.

Several other equities analysts have also weighed in on AMZN. Morgan Stanley raised their price objective on shares of Amazon.com from $230.00 to $280.00 and gave the company an “overweight” rating in a research report on Monday, January 13th. Oppenheimer raised their target price on shares of Amazon.com from $230.00 to $260.00 and gave the stock an “outperform” rating in a report on Friday. Maxim Group upped their price target on Amazon.com from $251.00 to $260.00 and gave the company a “buy” rating in a report on Friday, November 1st. Jefferies Financial Group increased their price objective on Amazon.com from $235.00 to $275.00 and gave the company a “buy” rating in a research report on Monday, December 16th. Finally, Robert W. Baird boosted their target price on Amazon.com from $220.00 to $260.00 and gave the stock an “outperform” rating in a research report on Friday, December 13th. Two analysts have rated the stock with a hold rating, forty-two have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, Amazon.com currently has a consensus rating of “Moderate Buy” and an average target price of $260.20.

Amazon.com Price Performance

Shares of NASDAQ:AMZN opened at $229.15 on Friday. The stock has a market cap of $2.41 trillion, a price-to-earnings ratio of 49.07, a PEG ratio of 1.35 and a beta of 1.15. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.09 and a quick ratio of 0.87. Amazon.com has a 12 month low of $151.61 and a 12 month high of $242.52. 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 posted its quarterly earnings data on Thursday, February 6th. The e-commerce giant reported $1.86 EPS for the quarter, topping 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%. Equities research analysts anticipate that Amazon.com will post 5.3 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, Director Jonathan Rubinstein sold 4,351 shares of Amazon.com stock in a transaction on Monday, December 9th. The shares were sold at an average price of $229.85, for a total value of $1,000,077.35. Following the transaction, the director now owns 88,203 shares in the company, valued at $20,273,459.55. This trade represents a 4.70 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Douglas J. Herrington sold 5,502 shares of the company’s stock in a transaction dated Friday, November 15th. The shares were sold at an average price of $205.81, for a total transaction of $1,132,366.62. Following the sale, the chief executive officer now owns 518,911 shares of the company’s stock, valued at $106,797,072.91. This trade represents a 1.05 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 3,026,212 shares of company stock worth $625,666,424. 10.80% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the business. Fiera Capital Corp grew its position in Amazon.com by 12.5% in the 2nd quarter. Fiera Capital Corp now owns 401,113 shares of the e-commerce giant’s stock worth $77,515,000 after purchasing an additional 44,615 shares during the last quarter. Beam Wealth Advisors Inc. lifted its stake in shares of Amazon.com by 138.6% in the second quarter. Beam Wealth Advisors Inc. now owns 12,503 shares of the e-commerce giant’s stock valued at $2,416,000 after buying an additional 7,262 shares during the period. Daiwa Securities Group Inc. grew its position in Amazon.com by 21.1% during the second quarter. Daiwa Securities Group Inc. now owns 2,410,036 shares of the e-commerce giant’s stock worth $465,739,000 after buying an additional 419,503 shares in the last quarter. FARMERS & MERCHANTS TRUST Co OF LONG BEACH grew its position in Amazon.com by 0.4% during the second quarter. FARMERS & MERCHANTS TRUST Co OF LONG BEACH now owns 62,907 shares of the e-commerce giant’s stock worth $12,157,000 after buying an additional 252 shares in the last quarter. Finally, Redwood Financial Network Corp increased its stake in Amazon.com by 3.6% during the second quarter. Redwood Financial Network Corp now owns 10,091 shares of the e-commerce giant’s stock valued at $1,950,000 after acquiring an additional 349 shares during the period. 72.20% of the stock is owned by institutional investors.

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.