Amazon.com (NASDAQ:AMZN) Given New $290.00 Price Target at Tigress Financial

Amazon.com (NASDAQ:AMZN) had its price objective increased by equities research analysts at Tigress Financial from $245.00 to $290.00 in a research note issued on Friday,Benzinga reports. The brokerage currently has a “buy” rating on the e-commerce giant’s stock. Tigress Financial’s price objective points to a potential upside of 28.93% from the stock’s current price.

AMZN has been the topic of several other research reports. The Goldman Sachs Group lifted their price objective on shares of Amazon.com from $230.00 to $240.00 and gave the stock a “buy” rating in a research note on Friday, November 1st. DA Davidson reaffirmed a “buy” rating and set a $235.00 price objective on shares of Amazon.com in a research note on Thursday, October 10th. Truist Financial lifted their price objective on shares of Amazon.com from $265.00 to $270.00 and gave the stock a “buy” rating in a research report on Friday, November 1st. Maxim Group lifted 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. Finally, Benchmark boosted their price objective on shares of Amazon.com from $200.00 to $215.00 and gave the company a “buy” rating in a research report on Friday, November 1st. Two analysts have rated the stock with a hold rating, forty-one have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $243.00.

Amazon.com Price Performance

Shares of AMZN opened at $224.92 on Friday. Amazon.com has a one year low of $144.05 and a one year high of $233.00. The stock’s fifty day moving average is $205.83 and its 200-day moving average is $191.38. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.87 and a current ratio of 1.09. The firm has a market capitalization of $2.37 trillion, a price-to-earnings ratio of 48.16, a price-to-earnings-growth ratio of 1.54 and a beta of 1.16.

Amazon.com (NASDAQ:AMZN) last released its quarterly earnings results on Thursday, October 31st. The e-commerce giant reported $1.43 EPS for the quarter, topping analysts’ consensus estimates of $1.14 by $0.29. The company had revenue of $158.88 billion for the quarter, compared to the consensus estimate of $157.28 billion. Amazon.com had a net margin of 8.04% and a return on equity of 22.41%. Amazon.com’s revenue was up 11.0% on a year-over-year basis. During the same period in the previous year, the firm earned $0.85 EPS. Equities analysts anticipate that Amazon.com will post 5.29 EPS for the current year.

Insider Activity

In related news, CEO Douglas J. Herrington sold 5,502 shares of the business’s stock in a transaction on Friday, November 15th. The stock was sold at an average price of $205.81, for a total value 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. The trade was a 1.05 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Matthew S. Garman sold 15,260 shares of the stock in a transaction on Thursday, November 21st. The stock was sold at an average price of $200.19, for a total value of $3,054,899.40. Following the transaction, the chief executive officer now owns 349,261 shares of the company’s stock, valued at $69,918,559.59. This represents a 4.19 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 6,034,534 shares of company stock worth $1,253,883,872. 10.80% of the stock is currently owned by corporate insiders.

Institutional Trading of Amazon.com

Several hedge funds have recently modified their holdings of AMZN. IMS Capital Management raised its holdings in shares of Amazon.com by 2.3% in the third quarter. IMS Capital Management now owns 48,008 shares of the e-commerce giant’s stock valued at $8,945,000 after buying an additional 1,078 shares during the last quarter. Syntax Research Inc. raised its position in Amazon.com by 10.8% in the 3rd quarter. Syntax Research Inc. now owns 4,300 shares of the e-commerce giant’s stock worth $801,000 after purchasing an additional 420 shares during the last quarter. SMART Wealth LLC lifted its holdings in Amazon.com by 41.1% during the 3rd quarter. SMART Wealth LLC now owns 7,317 shares of the e-commerce giant’s stock worth $1,363,000 after buying an additional 2,132 shares in the last quarter. Legacy Wealth Management LLC MS increased its stake in shares of Amazon.com by 75.7% in the 3rd quarter. Legacy Wealth Management LLC MS now owns 12,922 shares of the e-commerce giant’s stock valued at $2,408,000 after buying an additional 5,567 shares during the period. Finally, Alternative Investment Advisors LLC. raised its position in shares of Amazon.com by 2.2% during the third quarter. Alternative Investment Advisors LLC. now owns 10,164 shares of the e-commerce giant’s stock worth $1,894,000 after acquiring an additional 215 shares during the last quarter. Institutional investors and hedge funds own 72.20% of the company’s stock.

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.