Amazon.com (NASDAQ:AMZN) PT Lowered to $215.00

Amazon.com (NASDAQ:AMZN) had its target price lowered by Piper Sandler from $220.00 to $215.00 in a research note issued to investors on Friday, Benzinga reports. The brokerage presently has an “overweight” rating on the e-commerce giant’s stock. Piper Sandler’s target price points to a potential upside of 16.80% from the company’s current price.

A number of other research firms also recently issued reports on AMZN. JMP Securities restated a “market outperform” rating and set a $225.00 price target on shares of Amazon.com in a research note on Wednesday. Loop Capital lifted their target price on shares of Amazon.com from $215.00 to $225.00 and gave the company a “buy” rating in a report on Monday, May 6th. Stifel Nicolaus reduced their price target on shares of Amazon.com from $228.00 to $224.00 and set a “buy” rating for the company in a research report on Friday. Roth Mkm restated a “buy” rating and issued a $210.00 price objective on shares of Amazon.com in a research note on Tuesday, July 9th. Finally, Wolfe Research started coverage on shares of Amazon.com in a research note on Tuesday, July 16th. They set an “outperform” rating and a $250.00 target price for the company. Two research analysts have rated the stock with a hold rating, forty-three have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, Amazon.com has an average rating of “Moderate Buy” and an average price target of $218.67.

Amazon.com Stock Down 1.6 %

AMZN stock opened at $184.07 on Friday. The stock has a market cap of $1.92 trillion, a P/E ratio of 51.56, a PEG ratio of 1.34 and a beta of 1.15. The company has a current ratio of 1.07, a quick ratio of 0.87 and a debt-to-equity ratio of 0.27. Amazon.com has a twelve month low of $118.35 and a twelve month high of $201.20. The company’s 50 day moving average is $187.38 and its two-hundred day moving average is $179.45.

Amazon.com (NASDAQ:AMZN) last announced its quarterly earnings results on Thursday, August 1st. The e-commerce giant reported $1.23 EPS for the quarter, topping the consensus estimate of $1.05 by $0.18. Amazon.com had a net margin of 6.38% and a return on equity of 19.86%. The firm had revenue of $147.98 billion for the quarter, compared to analyst estimates of $148.63 billion. Research analysts expect that Amazon.com will post 4.73 earnings per share for the current fiscal year.

Insider Buying and Selling at Amazon.com

In other news, VP Shelley Reynolds sold 2,700 shares of the firm’s stock in a transaction dated Tuesday, May 21st. The stock was sold at an average price of $181.39, for a total value of $489,753.00. Following the transaction, the vice president now directly owns 119,780 shares in the company, valued at approximately $21,726,894.20. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. In other news, VP Shelley Reynolds sold 2,700 shares of the firm’s stock in a transaction on Tuesday, May 21st. The shares were sold at an average price of $181.39, for a total value of $489,753.00. Following the transaction, the vice president now owns 119,780 shares of the company’s stock, valued at approximately $21,726,894.20. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Jeffrey P. Bezos sold 266,396 shares of the business’s stock in a transaction dated Wednesday, July 10th. The stock was sold at an average price of $200.01, for a total value of $53,281,863.96. Following the transaction, the insider now owns 928,433,873 shares in the company, valued at approximately $185,696,058,938.73. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 6,109,490 shares of company stock valued at $1,221,619,033. Company insiders own 10.80% of the company’s stock.

Institutional Trading of Amazon.com

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Cooksen Wealth LLC bought a new position in shares of Amazon.com during the fourth quarter worth about $30,000. PayPay Securities Corp lifted its holdings in Amazon.com by 64.6% during the 2nd quarter. PayPay Securities Corp now owns 163 shares of the e-commerce giant’s stock worth $32,000 after buying an additional 64 shares during the last quarter. Strid Group LLC bought a new position in Amazon.com during the 4th quarter worth approximately $43,000. Harbor Investment Advisory LLC grew its position in shares of Amazon.com by 0.7% in the 4th quarter. Harbor Investment Advisory LLC now owns 299,959 shares of the e-commerce giant’s stock worth $46,000 after acquiring an additional 1,988 shares in the last quarter. Finally, Clarity Asset Management Inc. acquired a new stake in shares of Amazon.com during the 4th quarter valued at approximately $46,000. 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.