Amazon.com (NASDAQ:AMZN) Given New $253.00 Price Target at Moffett Nathanson

Amazon.com (NASDAQ:AMZN) had its target price hoisted by Moffett Nathanson from $250.00 to $253.00 in a research report issued on Tuesday,Briefing.com Automated Import reports. The brokerage presently has a “buy” rating on the e-commerce giant’s stock. Moffett Nathanson’s price objective suggests a potential upside of 21.36% from the stock’s previous close.

Several other research firms also recently weighed in on AMZN. Barclays decreased their target price on Amazon.com from $265.00 to $240.00 and set an “overweight” rating on the stock in a research report on Friday, May 2nd. Morgan Stanley dropped their target price on shares of Amazon.com from $280.00 to $245.00 and set an “overweight” rating for the company in a report on Monday, April 14th. Truist Financial dropped their price objective on shares of Amazon.com from $265.00 to $230.00 and set a “buy” rating for the company in a report on Thursday, April 10th. Rosenblatt Securities lifted their price objective on Amazon.com from $287.00 to $288.00 and gave the company a “buy” rating in a research note on Friday, May 2nd. Finally, JPMorgan Chase & Co. increased their target price on Amazon.com from $225.00 to $240.00 and gave the company an “overweight” rating in a report on Wednesday, June 4th. Four investment analysts have rated the stock with a hold rating and forty-four have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $245.64.

Amazon.com Trading Down 0.6%

AMZN opened at $208.47 on Tuesday. The stock has a market cap of $2.21 trillion, a price-to-earnings ratio of 33.95, a P/E/G ratio of 1.58 and a beta of 1.33. Amazon.com has a one year low of $151.61 and a one year high of $242.52. The stock’s 50 day moving average price is $198.94 and its 200-day moving average price is $209.04. The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.84 and a current ratio of 1.05.

Amazon.com (NASDAQ:AMZN) last released its quarterly earnings results on Thursday, May 1st. The e-commerce giant reported $1.59 EPS for the quarter, beating the consensus estimate of $1.38 by $0.21. The business had revenue of $155.67 billion during the quarter, compared to analyst estimates of $154.96 billion. Amazon.com had a net margin of 10.14% and a return on equity of 24.14%. The company’s quarterly revenue was up 8.6% on a year-over-year basis. During the same period in the prior year, the firm posted $0.98 earnings per share. On average, equities analysts forecast that Amazon.com will post 6.31 EPS for the current year.

Insider Buying and Selling

In other news, CEO Douglas J. Herrington sold 2,500 shares of the stock in a transaction that occurred on Tuesday, April 1st. The shares were sold at an average price of $187.99, for a total value of $469,975.00. Following the sale, the chief executive officer now directly owns 509,474 shares in the company, valued at $95,776,017.26. This represents a 0.49% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Matthew S. Garman sold 20,923 shares of the firm’s stock in a transaction dated Wednesday, May 21st. The stock was sold at an average price of $201.30, for a total value of $4,211,799.90. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 102,037 shares of company stock worth $20,531,075. Insiders own 9.70% of the company’s stock.

Hedge Funds Weigh In On Amazon.com

Institutional investors have recently added to or reduced their stakes in the company. Castlekeep Investment Advisors LLC acquired a new stake in Amazon.com in the fourth quarter worth $25,000. Prudent Man Investment Management Inc. bought a new position in shares of Amazon.com in the fourth quarter valued at $27,000. LSV Asset Management purchased a new position in Amazon.com in the 4th quarter worth about $35,000. Cooksen Wealth LLC purchased a new stake in shares of Amazon.com in the 1st quarter valued at approximately $36,000. Finally, Inlight Wealth Management LLC purchased a new stake in Amazon.com in the 1st quarter worth about $40,000. 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.