Amazon.com (NASDAQ:AMZN) Price Target Lowered to $235.00 at Telsey Advisory Group

Amazon.com (NASDAQ:AMZN) had its price objective cut by Telsey Advisory Group from $275.00 to $235.00 in a research report report published on Wednesday morning, MarketBeat.com reports. They currently have an outperform rating on the e-commerce giant's stock.

A number of other research firms have also recently weighed in on AMZN. Stifel Nicolaus increased their price target on Amazon.com from $245.00 to $275.00 and gave the stock a "buy" rating in a report on Friday, February 7th. Wolfe Research upped their price objective on Amazon.com from $250.00 to $270.00 and gave the stock an "outperform" rating in a research report on Friday, January 3rd. Wedbush reaffirmed an "outperform" rating and issued a $280.00 target price on shares of Amazon.com in a report on Friday, February 7th. Raymond James reaffirmed an "outperform" rating and set a $195.00 price target (down from $275.00) on shares of Amazon.com in a report on Monday, April 21st. Finally, Royal Bank of Canada increased their target price on shares of Amazon.com from $255.00 to $265.00 and gave the company an "outperform" rating in a research report on Friday, February 7th. Two equities research analysts have rated the stock with a hold rating and forty-five have assigned a buy rating to the stock. According to MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $247.56.

Amazon.com Price Performance

AMZN traded up $2.45 on Wednesday, hitting $188.99. 36,349,105 shares of the company's stock were exchanged, compared to its average volume of 41,921,682. The firm has a 50-day moving average price of $193.52 and a 200-day moving average price of $207.75. 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 stock has a market cap of $2.00 trillion, a price-to-earnings ratio of 34.18, a P/E/G ratio of 1.50 and a beta of 1.39. Amazon.com has a fifty-two week low of $151.61 and a fifty-two week high of $242.52.

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, topping analysts' consensus estimates of $1.52 by $0.34. Amazon.com had a return on equity of 24.25% and a net margin of 9.29%. As a group, equities analysts anticipate that Amazon.com will post 6.31 earnings per share for the current year.

Insider Buying and Selling

In related news, SVP David Zapolsky sold 19,212 shares of the company's stock in a transaction that occurred on Monday, February 24th. The stock was sold at an average price of $217.50, for a total transaction of $4,178,610.00. Following the sale, the senior vice president now directly owns 49,950 shares of the company's stock, valued at approximately $10,864,125. This represents a 27.78 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible 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 stock was sold at an average price of $187.99, for a total transaction of $469,975.00. Following the completion of the transaction, 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 position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 104,798 shares of company stock valued at $23,341,803. Corporate insiders own 10.80% of the company's stock.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in the business. Rench Wealth Management Inc. increased its holdings 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 period. Segall Bryant & Hamill LLC boosted its stake in shares of Amazon.com by 14.3% during the 4th quarter. Segall Bryant & Hamill LLC now owns 317,114 shares of the e-commerce giant's stock worth $69,572,000 after acquiring an additional 39,696 shares in the last quarter. Momentous Wealth Management Inc. acquired a new position in shares of Amazon.com during the 4th quarter valued at about $749,000. Blankinship & Foster LLC lifted its holdings in Amazon.com by 216.4% in the 3rd quarter. Blankinship & Foster LLC now owns 6,930 shares of the e-commerce giant's stock worth $1,291,000 after purchasing an additional 4,740 shares during the last quarter. Finally, One Wealth Capital Management LLC bought a new stake in Amazon.com during the fourth quarter worth approximately $4,270,000. 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.