Amazon.com (NASDAQ:AMZN) Price Target Increased to $265.00 by Analysts at JMP Securities

Amazon.com (NASDAQ:AMZN) had its price objective hoisted by equities researchers at JMP Securities from $245.00 to $265.00 in a research note issued on Tuesday, Benzinga reports. The brokerage presently has a "market outperform" rating on the e-commerce giant's stock. JMP Securities' price target indicates a potential upside of 50.35% from the stock's previous close.

AMZN has been the subject of a number of other reports. Itau BBA Securities cut Amazon.com from an "outperform" rating to a "market perform" rating and set a $186.00 price objective for the company. in a research report on Friday, August 2nd. Roth Mkm upped their price objective on shares of Amazon.com from $210.00 to $215.00 and gave the stock a "buy" rating in a research report on Friday, August 2nd. Rosenblatt Securities lifted their price objective on Amazon.com from $220.00 to $221.00 and gave the stock a "buy" rating in a report on Friday, August 2nd. TD Cowen increased their target price on Amazon.com from $225.00 to $245.00 and gave the company a "buy" rating in a report on Wednesday, July 10th. Finally, Needham & Company LLC raised their target price on Amazon.com from $205.00 to $210.00 and gave the company a "buy" rating in a research report on Wednesday, July 17th. One analyst has rated the stock with a hold rating, forty have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of "Buy" and a consensus target price of $222.31.

Amazon.com Stock Performance

NASDAQ AMZN traded down $2.25 during mid-day trading on Tuesday, reaching $176.25. 37,738,780 shares of the stock were exchanged, compared to its average volume of 42,606,961. The company has a market capitalization of $1.83 trillion, a P/E ratio of 49.45, a P/E/G ratio of 1.34 and a beta of 1.15. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.88 and a current ratio of 1.10. The business's 50 day moving average is $182.54 and its 200-day moving average is $181.21. Amazon.com has a 1 year low of $118.35 and a 1 year high of $201.20.

Amazon.com (NASDAQ:AMZN - Get Free Report) last posted its earnings results on Thursday, August 1st. The e-commerce giant reported $1.23 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.05 by $0.18. Amazon.com had a net margin of 7.35% and a return on equity of 21.39%. The business had revenue of $147.98 billion for the quarter, compared to analyst estimates of $148.63 billion. On average, equities research analysts forecast that Amazon.com will post 4.86 EPS for the current fiscal year.

Insider Buying and Selling

In other news, CEO Andrew R. Jassy sold 20,784 shares of the firm's stock in a transaction that occurred on Wednesday, August 21st. The shares were sold at an average price of $180.77, for a total transaction of $3,757,123.68. Following the transaction, the chief executive officer now directly owns 2,056,534 shares in the company, valued at $371,759,651.18. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In other news, CEO Andrew R. Jassy sold 20,784 shares of the company's stock in a transaction that occurred on Wednesday, August 21st. The stock was sold at an average price of $180.77, for a total transaction of $3,757,123.68. Following the completion of the sale, the chief executive officer now owns 2,056,534 shares in the company, valued at $371,759,651.18. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Brian T. Olsavsky sold 14,600 shares of Amazon.com stock in a transaction on Wednesday, August 21st. The shares were sold at an average price of $180.00, for a total transaction of $2,628,000.00. Following the completion of the transaction, the chief financial officer now owns 49,000 shares in the company, valued at $8,820,000. The disclosure for this sale can be found here. Insiders have sold 6,104,317 shares of company stock worth $1,220,621,322 in the last ninety days. 10.80% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of AMZN. Cooksen Wealth LLC acquired a new position in shares of Amazon.com during the 4th quarter worth approximately $30,000. PayPay Securities Corp raised its holdings in shares of Amazon.com by 64.6% in the second quarter. PayPay Securities Corp now owns 163 shares of the e-commerce giant's stock worth $32,000 after acquiring an additional 64 shares during the last quarter. Strid Group LLC purchased a new stake in shares of Amazon.com in the fourth quarter valued at $43,000. Clarity Asset Management Inc. acquired a new stake in shares of Amazon.com during the 4th quarter worth about $46,000. Finally, Christopher J. Hasenberg Inc boosted its position in Amazon.com by 650.0% during the second quarter. Christopher J. Hasenberg Inc now owns 300 shares of the e-commerce giant's stock worth $58,000 after acquiring an additional 260 shares during the last quarter. 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.