Amazon.com (NASDAQ:AMZN) Given New $275.00 Price Target at Raymond James

Amazon.com (NASDAQ:AMZN) had its target price boosted by Raymond James from $260.00 to $275.00 in a research report issued to clients and investors on Monday,BayStreet.CA reports. Raymond James’ price objective would suggest a potential upside of 18.01% from the company’s previous close.

A number of other research firms also recently issued reports on AMZN. Benchmark upped their target price on shares of Amazon.com from $215.00 to $265.00 and gave the company a “buy” rating in a research report on Tuesday, February 4th. Deutsche Bank Aktiengesellschaft raised their price objective on shares of Amazon.com from $225.00 to $232.00 and gave the company a “buy” rating in a research note on Friday, November 1st. Evercore ISI increased their price target on Amazon.com from $240.00 to $260.00 and gave the company an “outperform” rating in a research note on Friday, November 1st. The Goldman Sachs Group lifted their price objective on Amazon.com from $240.00 to $255.00 and gave the stock a “buy” rating in a research note on Friday. Finally, Telsey Advisory Group restated an “outperform” rating and set a $275.00 target price on shares of Amazon.com in a report on Friday. Two equities research analysts have rated the stock with a hold rating, forty-two have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $260.52.

Amazon.com Price Performance

Shares of Amazon.com stock traded up $3.89 during midday trading on Monday, hitting $233.04. 21,818,364 shares of the company were exchanged, compared to its average volume of 35,301,906. Amazon.com has a 52 week low of $151.61 and a 52 week high of $242.52. The firm has a market cap of $2.45 trillion, a P/E ratio of 42.14, a PEG ratio of 1.36 and a beta of 1.15. The firm has a 50 day simple moving average of $226.93 and a 200-day simple moving average of $200.86. 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 (NASDAQ:AMZN) last announced its earnings results on Thursday, February 6th. The e-commerce giant reported $1.86 EPS for the quarter, topping the consensus estimate of $1.52 by $0.34. Amazon.com had a return on equity of 25.49% and a net margin of 9.29%. Research analysts forecast that Amazon.com will post 6.24 earnings per share for the current year.

Insider Activity

In related news, Director Jonathan Rubinstein sold 4,351 shares of the stock in a transaction that occurred on Monday, December 9th. The stock was sold at an average price of $229.85, for a total transaction 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 ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO Matthew S. Garman sold 15,260 shares of the company’s stock in a transaction on Thursday, November 21st. The shares were sold at an average price of $200.19, for a total value of $3,054,899.40. Following the sale, the chief executive officer now owns 349,261 shares of the company’s stock, valued at approximately $69,918,559.59. The trade was a 4.19 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 29,850 shares of company stock valued at $6,168,581 over the last three months. Insiders own 10.80% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Cable Hill Partners LLC increased its stake in shares of Amazon.com by 0.5% in the 4th quarter. Cable Hill Partners LLC now owns 9,588 shares of the e-commerce giant’s stock valued at $2,104,000 after purchasing an additional 44 shares during the last quarter. Quattro Financial Advisors LLC increased its holdings in shares of Amazon.com by 23.8% during the fourth quarter. Quattro Financial Advisors LLC now owns 234 shares of the e-commerce giant’s stock worth $51,000 after buying an additional 45 shares in the last quarter. White Wing Wealth Management lifted its stake in shares of Amazon.com by 2.4% in the 4th quarter. White Wing Wealth Management now owns 1,972 shares of the e-commerce giant’s stock valued at $433,000 after acquiring an additional 47 shares during the last quarter. MBM Wealth Consultants LLC increased its holdings in Amazon.com by 0.6% in the 4th quarter. MBM Wealth Consultants LLC now owns 8,578 shares of the e-commerce giant’s stock worth $1,889,000 after purchasing an additional 48 shares in the last quarter. Finally, Balanced Wealth Group LLC raised its position in Amazon.com by 1.6% in the fourth quarter. Balanced Wealth Group LLC now owns 2,966 shares of the e-commerce giant’s stock valued at $705,000 after purchasing an additional 48 shares during the last quarter. Institutional investors and hedge funds 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.