Amazon.com (NASDAQ:AMZN) Price Target Cut to $230.00 by Analysts at DA Davidson

Amazon.com (NASDAQ:AMZN) had its target price lowered by stock analysts at DA Davidson from $280.00 to $230.00 in a report issued on Monday,Benzinga reports. The brokerage currently has a "buy" rating on the e-commerce giant's stock. DA Davidson's target price suggests a potential upside of 33.33% from the stock's previous close.

Several other research analysts have also recently issued reports on AMZN. Morgan Stanley lowered 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. Benchmark raised their price objective on Amazon.com from $215.00 to $265.00 and gave the stock a "buy" rating in a report on Tuesday, February 4th. Citigroup reduced their price objective on Amazon.com from $273.00 to $225.00 and set a "buy" rating for the company in a research note on Monday. Wolfe Research increased their target price on shares of Amazon.com from $250.00 to $270.00 and gave the stock an "outperform" rating in a research note on Friday, January 3rd. Finally, The Goldman Sachs Group increased their price target on Amazon.com from $240.00 to $255.00 and gave the stock a "buy" rating in a report on Friday, February 7th. Two analysts have rated the stock with a hold rating, forty-four have issued a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $252.73.

Amazon.com Stock Down 1.0 %

AMZN traded down $1.82 during trading hours on Monday, hitting $172.51. 44,456,290 shares of the company's stock were exchanged, compared to its average volume of 41,785,381. The firm has a market cap of $1.83 trillion, a P/E ratio of 31.19, a price-to-earnings-growth ratio of 1.50 and a beta of 1.39. Amazon.com has a 12-month low of $151.61 and a 12-month high of $242.52. The company has a current ratio of 1.06, a quick ratio of 0.87 and a debt-to-equity ratio of 0.18. The firm has a 50 day moving average of $199.65 and a 200 day moving average of $207.97.

Amazon.com (NASDAQ:AMZN - Get Free Report) last released its earnings results on Thursday, February 6th. The e-commerce giant reported $1.86 earnings per share for the quarter, topping analysts' consensus estimates of $1.52 by $0.34. Amazon.com had a net margin of 9.29% and a return on equity of 24.25%. Analysts predict that Amazon.com will post 6.31 EPS for the current fiscal year.

Insider Transactions at Amazon.com

In related news, SVP David Zapolsky sold 5,848 shares of the business's stock in a transaction dated Friday, February 21st. The stock was sold at an average price of $220.72, for a total value of $1,290,770.56. Following the completion of the sale, the senior vice president now directly owns 69,162 shares of the company's stock, valued at $15,265,436.64. The trade was a 7.80 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Douglas J. Herrington sold 5,501 shares of the firm's stock in a transaction on Tuesday, February 18th. The stock was sold at an average price of $228.44, for a total value of $1,256,648.44. Following the transaction, the chief executive officer now owns 505,318 shares in the company, valued at $115,434,843.92. This trade represents a 1.08 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 104,798 shares of company stock worth $23,341,803 in the last three months. Company insiders own 10.80% of the company's stock.

Hedge Funds Weigh In On Amazon.com

Several hedge funds and other institutional investors have recently modified their holdings of AMZN. Wolf Group Capital Advisors raised its stake in Amazon.com by 21.8% during the 1st quarter. Wolf Group Capital Advisors now owns 15,554 shares of the e-commerce giant's stock valued at $2,959,000 after acquiring an additional 2,781 shares in the last quarter. Cornerstone Wealth Management LLC raised its position in shares of Amazon.com by 1.0% during the first quarter. Cornerstone Wealth Management LLC now owns 86,240 shares of the e-commerce giant's stock worth $16,408,000 after purchasing an additional 832 shares during the period. Bender Robert & Associates boosted its holdings in shares of Amazon.com by 4.3% in the first quarter. Bender Robert & Associates now owns 133,593 shares of the e-commerce giant's stock worth $25,417,000 after buying an additional 5,471 shares during the period. Shepherd Financial Partners LLC boosted its position in Amazon.com by 5.2% during the 1st quarter. Shepherd Financial Partners LLC now owns 86,996 shares of the e-commerce giant's stock worth $16,552,000 after acquiring an additional 4,263 shares during the period. Finally, Cushing Capital Partners LLC increased its holdings in shares of Amazon.com by 26.2% in the 1st quarter. Cushing Capital Partners LLC now owns 1,381 shares of the e-commerce giant's stock valued at $263,000 after purchasing an additional 287 shares during the period. 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.