Amazon.com (NASDAQ:AMZN) Price Target Cut to $240.00 by Analysts at Jefferies Financial Group

Amazon.com (NASDAQ:AMZN) had its target price cut by analysts at Jefferies Financial Group from $250.00 to $240.00 in a report released on Tuesday, MarketBeat Ratings reports. The brokerage presently has a "buy" rating on the e-commerce giant's stock. Jefferies Financial Group's price objective would suggest a potential upside of 26.99% from the company's previous close.

Several other equities analysts also recently commented on the stock. Oppenheimer increased their price objective on shares of Amazon.com from $230.00 to $260.00 and gave the company an "outperform" rating in a research note on Friday, February 7th. The Goldman Sachs Group increased their price target on Amazon.com from $240.00 to $255.00 and gave the company a "buy" rating in a research note on Friday, February 7th. HSBC boosted their price objective on Amazon.com from $225.00 to $270.00 and gave the stock a "buy" rating in a research report on Monday, January 13th. Wolfe Research increased their target price on Amazon.com from $250.00 to $270.00 and gave the company an "outperform" rating in a research report on Friday, January 3rd. Finally, Maxim Group boosted their price target on Amazon.com from $260.00 to $280.00 and gave the stock a "buy" rating in a report on Friday, February 7th. Two investment analysts have rated the stock with a hold rating and forty-five have given a buy rating to the stock. According to MarketBeat, Amazon.com has an average rating of "Moderate Buy" and an average target price of $247.56.

Amazon.com Price Performance

Shares of AMZN stock traded up $2.45 during trading hours on Tuesday, reaching $188.99. The company's stock had a trading volume of 36,349,105 shares, compared to its average volume of 41,950,653. Amazon.com has a fifty-two week low of $151.61 and a fifty-two week high of $242.52. The firm's 50 day simple moving average is $194.27 and its 200-day simple moving average is $207.70. The company has a quick ratio of 0.87, a current ratio of 1.06 and a debt-to-equity ratio of 0.18. The company has a market capitalization of $2.00 trillion, a price-to-earnings ratio of 34.18, a PEG ratio of 1.50 and a beta of 1.39.

Amazon.com (NASDAQ:AMZN - Get Free Report) last released its quarterly earnings data on Thursday, February 6th. The e-commerce giant reported $1.86 earnings per share for the quarter, beating the consensus estimate of $1.52 by $0.34. Amazon.com had a return on equity of 24.25% and a net margin of 9.29%. Sell-side analysts forecast that Amazon.com will post 6.31 earnings per share for the current year.

Insider Transactions at Amazon.com

In other news, CEO Andrew R. Jassy sold 20,784 shares of the company's stock in a transaction on Friday, February 21st. The shares were sold at an average price of $220.65, for a total value of $4,585,989.60. Following the completion of the sale, the chief executive officer now owns 2,118,886 shares in the company, valued at $467,532,195.90. This represents a 0.97 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CEO Douglas J. Herrington sold 2,500 shares of the firm's stock in a transaction dated Tuesday, April 1st. The shares were sold at an average price of $187.99, for a total transaction of $469,975.00. Following the transaction, the chief executive officer now directly owns 509,474 shares in the company, valued at $95,776,017.26. The trade was a 0.49 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 104,798 shares of company stock valued at $23,341,803 over the last three months. Corporate insiders own 10.80% of the company's stock.

Institutional Investors Weigh In On Amazon.com

Several institutional investors and hedge funds have recently added to or reduced their stakes in AMZN. Cable Hill Partners LLC raised its stake in shares of Amazon.com by 0.5% during the 4th quarter. Cable Hill Partners LLC now owns 9,588 shares of the e-commerce giant's stock worth $2,104,000 after purchasing an additional 44 shares during the period. Quattro Financial Advisors LLC boosted its stake in Amazon.com by 23.8% in the fourth quarter. Quattro Financial Advisors LLC now owns 234 shares of the e-commerce giant's stock valued at $51,000 after acquiring an additional 45 shares during the last quarter. Northern Capital Management Inc. grew its position in shares of Amazon.com by 0.6% during the 4th quarter. Northern Capital Management Inc. now owns 7,353 shares of the e-commerce giant's stock valued at $1,613,000 after acquiring an additional 45 shares during the period. White Wing Wealth Management increased its stake in shares of Amazon.com by 2.4% during the 4th quarter. White Wing Wealth Management now owns 1,972 shares of the e-commerce giant's stock worth $433,000 after purchasing an additional 47 shares during the last quarter. Finally, MBM Wealth Consultants LLC raised its holdings in shares of Amazon.com by 0.6% in the 4th quarter. MBM Wealth Consultants LLC now owns 8,578 shares of the e-commerce giant's stock worth $1,889,000 after purchasing an additional 48 shares during the period. Hedge funds and other 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.