Brokerages Set Amazon.com, Inc. (NASDAQ:AMZN) Price Target at $260.65

Shares of Amazon.com, Inc. (NASDAQ:AMZN) have received an average rating of “Moderate Buy” from the forty-five brokerages that are currently covering the stock, MarketBeat Ratings reports. Two equities research analysts have rated the stock with a hold recommendation, forty-two have given a buy recommendation and one has assigned a strong buy recommendation to the company. The average twelve-month price target among brokers that have issued a report on the stock in the last year is $260.65.

Several brokerages have recently issued reports on AMZN. Loop Capital boosted their price objective on Amazon.com from $275.00 to $285.00 and gave the company a “buy” rating in a report on Wednesday, February 12th. Royal Bank of Canada boosted their price target on Amazon.com from $255.00 to $265.00 and gave the company an “outperform” rating in a report on Friday, February 7th. JMP Securities restated a “market outperform” rating and issued a $285.00 price objective on shares of Amazon.com in a research report on Friday, February 7th. HSBC lifted their target price on shares of Amazon.com from $225.00 to $270.00 and gave the company a “buy” rating in a report on Monday, January 13th. Finally, Benchmark raised their price target on shares of Amazon.com from $215.00 to $265.00 and gave the company a “buy” rating in a research report on Tuesday, February 4th.

Insider Buying and Selling at Amazon.com

In other Amazon.com news, CEO Douglas J. Herrington sold 27,500 shares of Amazon.com stock in a transaction dated Wednesday, February 12th. The shares were sold at an average price of $230.27, for a total transaction of $6,332,425.00. Following the completion of the sale, the chief executive officer now directly owns 497,067 shares in the company, valued at $114,459,618.09. This trade represents a 5.24 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Shelley Reynolds sold 8,833 shares of the business’s stock in a transaction that occurred on Friday, February 21st. The shares were sold at an average price of $222.47, for a total transaction of $1,965,077.51. Following the completion of the sale, the vice president now directly owns 119,780 shares in the company, valued at $26,647,456.60. This trade represents a 6.87 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 106,649 shares of company stock worth $23,871,905 over the last quarter. 10.80% of the stock is currently owned by company insiders.

Institutional Trading of Amazon.com

Institutional investors have recently added to or reduced their stakes in the stock. Castlekeep Investment Advisors LLC purchased a new stake in shares of Amazon.com in the 4th quarter valued at $25,000. Accordant Advisory Group Inc grew its position in Amazon.com by 400.0% in the 4th quarter. Accordant Advisory Group Inc now owns 125 shares of the e-commerce giant’s stock valued at $27,000 after acquiring an additional 100 shares in the last quarter. Prudent Man Investment Management Inc. purchased a new stake in Amazon.com during the fourth quarter worth about $27,000. Icon Wealth Advisors LLC lifted its position in shares of Amazon.com by 20.5% during the third quarter. Icon Wealth Advisors LLC now owns 150,661 shares of the e-commerce giant’s stock worth $28,000 after purchasing an additional 25,581 shares in the last quarter. Finally, LSV Asset Management purchased a new position in shares of Amazon.com in the fourth quarter valued at approximately $35,000. Institutional investors and hedge funds own 72.20% of the company’s stock.

Amazon.com Price Performance

Shares of NASDAQ:AMZN opened at $208.36 on Thursday. Amazon.com has a twelve month low of $151.61 and a twelve 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 company has a market cap of $2.21 trillion, a PE ratio of 37.68, a price-to-earnings-growth ratio of 1.50 and a beta of 1.19. The company’s 50 day moving average is $225.12 and its 200 day moving average is $206.50.

Amazon.com (NASDAQ:AMZN) 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 net margin of 9.29% and a return on equity of 24.25%. On average, sell-side analysts forecast that Amazon.com will post 6.31 EPS for the current year.

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.