Amazon.com (NASDAQ:AMZN) Given New $230.00 Price Target at JPMorgan Chase & Co.

Amazon.com (NASDAQ:AMZN) had its price target lowered by JPMorgan Chase & Co. from $240.00 to $230.00 in a research note issued to investors on Friday, Benzinga reports. The brokerage currently has an overweight rating on the e-commerce giant’s stock.

Several other analysts have also weighed in on AMZN. Loop Capital raised their price objective on Amazon.com from $215.00 to $225.00 and gave the company a buy rating in a research note on Monday, May 6th. Sanford C. Bernstein raised their price objective on Amazon.com from $210.00 to $215.00 and gave the company an outperform rating in a research note on Monday, July 22nd. Bank of America raised their price objective on Amazon.com from $210.00 to $220.00 and gave the company a buy rating in a research note on Wednesday, June 26th. Itau BBA Securities lowered Amazon.com from an outperform rating to a market perform rating and set a $186.00 price objective on the stock. in a research note on Friday. Finally, Citigroup increased their target price on Amazon.com from $235.00 to $245.00 and gave the company a buy rating in a research report on Wednesday, May 1st. Two research analysts have rated the stock with a hold rating, forty-three have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of Moderate Buy and a consensus price target of $218.91.

Amazon.com Stock Performance

AMZN opened at $167.90 on Friday. The firm has a market cap of $1.75 trillion, a P/E ratio of 47.03, a price-to-earnings-growth ratio of 1.32 and a beta of 1.15. Amazon.com has a 52-week low of $118.35 and a 52-week high of $201.20. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.87 and a current ratio of 1.07. The business’s fifty day moving average is $187.12 and its 200-day moving average is $179.54.

Amazon.com (NASDAQ:AMZN) last released its quarterly earnings data on Tuesday, April 30th. The e-commerce giant reported $0.98 earnings per share for the quarter, beating the consensus estimate of $0.83 by $0.15. The business had revenue of $143.31 billion for the quarter, compared to analyst estimates of $142.65 billion. Amazon.com had a return on equity of 22.35% and a net margin of 7.35%. Amazon.com’s revenue was up 12.5% compared to the same quarter last year. During the same period last year, the firm posted $0.31 earnings per share. Sell-side analysts expect that Amazon.com will post 4.73 EPS for the current fiscal year.

Insider Buying and Selling

In related news, CEO Andrew R. Jassy sold 20,784 shares of the company’s stock in a transaction on Tuesday, May 21st. The stock was sold at an average price of $181.44, for a total transaction of $3,771,048.96. Following the completion of the sale, the chief executive officer now owns 2,025,358 shares in the company, valued at $367,480,955.52. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. In related news, CEO Andrew R. Jassy sold 20,784 shares of the company’s stock in a transaction on Tuesday, May 21st. The stock was sold at an average price of $181.44, for a total transaction of $3,771,048.96. Following the completion of the sale, the chief executive officer now owns 2,025,358 shares in the company, valued at $367,480,955.52. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Keith Brian Alexander sold 1,000 shares of the company’s stock in a transaction on Monday, May 6th. The stock was sold at an average price of $186.22, for a total value of $186,220.00. Following the sale, the director now owns 4,760 shares of the company’s stock, valued at approximately $886,407.20. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 6,109,490 shares of company stock worth $1,221,619,033. 10.80% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of AMZN. Norges Bank purchased a new stake in Amazon.com during the 4th quarter worth about $17,700,551,000. International Assets Investment Management LLC lifted its holdings in Amazon.com by 16,029.3% during the 4th quarter. International Assets Investment Management LLC now owns 23,865,216 shares of the e-commerce giant’s stock worth $36,260,810,000 after purchasing an additional 23,717,254 shares in the last quarter. Vanguard Group Inc. lifted its holdings in Amazon.com by 1.9% during the 1st quarter. Vanguard Group Inc. now owns 785,811,114 shares of the e-commerce giant’s stock worth $141,744,609,000 after purchasing an additional 14,724,687 shares in the last quarter. Swedbank AB purchased a new stake in Amazon.com during the 1st quarter worth about $2,239,757,000. Finally, Capital World Investors lifted its holdings in Amazon.com by 64.6% during the 1st quarter. Capital World Investors now owns 29,359,677 shares of the e-commerce giant’s stock worth $5,295,899,000 after purchasing an additional 11,524,463 shares in the last quarter. 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.