Deutsche Bank Aktiengesellschaft Lowers Amazon.com (NASDAQ:AMZN) Price Target to $206.00

Amazon.com (NASDAQ:AMZN) had its price target dropped by research analysts at Deutsche Bank Aktiengesellschaft from $287.00 to $206.00 in a report issued on Monday, Marketbeat reports. The firm currently has a "buy" rating on the e-commerce giant's stock. Deutsche Bank Aktiengesellschaft's target price indicates a potential upside of 19.42% from the stock's previous close.

AMZN has been the subject of a number of other reports. Wolfe Research lifted their price target on shares of Amazon.com from $250.00 to $270.00 and gave the company an "outperform" rating in a research report on Friday, January 3rd. The Goldman Sachs Group raised their price objective on shares of Amazon.com from $240.00 to $255.00 and gave the company a "buy" rating in a research note on Friday, February 7th. Needham & Company LLC reiterated a "buy" rating and issued a $250.00 target price on shares of Amazon.com in a report on Friday, February 7th. Rosenblatt Securities lifted their price target on shares of Amazon.com from $236.00 to $287.00 and gave the stock a "buy" rating in a research note on Friday, February 7th. Finally, Piper Sandler reiterated an "overweight" rating and set a $265.00 target price (up previously from $225.00) on shares of Amazon.com in a research note on Friday, February 7th. Two investment analysts have rated the stock with a hold rating, forty-four have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of $252.73.

Amazon.com Stock Performance

AMZN stock traded down $1.82 during trading on Monday, hitting $172.51. 44,456,290 shares of the company traded hands, compared to its average volume of 41,741,255. The company has a market cap of $1.83 trillion, a PE ratio of 31.19, a P/E/G ratio of 1.50 and a beta of 1.39. Amazon.com has a 1 year low of $151.61 and a 1 year high of $242.52. The stock's 50-day simple moving average is $199.65 and its 200 day simple moving average is $207.97. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.06 and a quick ratio of 0.87.

Amazon.com (NASDAQ:AMZN - Get Free Report) last issued its quarterly earnings results on Thursday, February 6th. The e-commerce giant reported $1.86 earnings per share for the quarter, beating 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%. On average, equities analysts expect that Amazon.com will post 6.31 earnings per share for the current fiscal year.

Insider Activity

In other Amazon.com news, VP Shelley Reynolds sold 8,833 shares of the stock in a transaction on Friday, February 21st. The stock was sold at an average price of $222.47, for a total transaction of $1,965,077.51. Following the completion of the transaction, the vice president now directly owns 119,780 shares in the company, valued at $26,647,456.60. This represents a 6.87 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Douglas J. Herrington sold 5,501 shares of the stock in a transaction dated Tuesday, February 18th. The stock was sold at an average price of $228.44, for a total transaction of $1,256,648.44. Following the sale, the chief executive officer now owns 505,318 shares of the company's stock, valued at $115,434,843.92. This trade represents a 1.08 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 104,798 shares of company stock valued at $23,341,803. Insiders own 10.80% of the company's stock.

Institutional Investors Weigh In On Amazon.com

Large investors have recently bought and sold shares of the business. Rench Wealth Management Inc. boosted its stake in shares of Amazon.com by 7.9% in the 3rd quarter. Rench Wealth Management Inc. now owns 50,403 shares of the e-commerce giant's stock valued at $9,392,000 after purchasing an additional 3,703 shares during the last quarter. Blankinship & Foster LLC increased its holdings in Amazon.com by 216.4% in the third quarter. Blankinship & Foster LLC now owns 6,930 shares of the e-commerce giant's stock valued at $1,291,000 after purchasing an additional 4,740 shares during the last quarter. One Wealth Capital Management LLC acquired a new position in Amazon.com in the fourth quarter valued at about $4,270,000. Floyd Financial Group LLC bought a new position in Amazon.com during the fourth quarter worth about $4,494,000. Finally, Washington Trust Advisors Inc. increased its stake in shares of Amazon.com by 0.4% in the 3rd quarter. Washington Trust Advisors Inc. now owns 225,254 shares of the e-commerce giant's stock valued at $41,972,000 after acquiring an additional 982 shares during the last quarter. 72.20% of the stock is currently owned by institutional investors.

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.