Amazon.com (NASDAQ:AMZN) Price Target Raised to $280.00 at Maxim Group

Amazon.com (NASDAQ:AMZN) had its price target upped by Maxim Group from $260.00 to $280.00 in a research report report published on Friday,Benzinga reports. They currently have a buy rating on the e-commerce giant’s stock.

Other research analysts also recently issued reports about the company. Royal Bank of Canada boosted their target price on Amazon.com from $255.00 to $265.00 and gave the stock an “outperform” rating in a research note on Friday. Moffett Nathanson upped their price objective on shares of Amazon.com from $235.00 to $248.00 and gave the company a “buy” rating in a report on Tuesday, November 26th. Robert W. Baird increased their price objective on shares of Amazon.com from $220.00 to $260.00 and gave the company an “outperform” rating in a research report on Friday, December 13th. Redburn Atlantic boosted their target price on shares of Amazon.com from $225.00 to $235.00 and gave the stock a “buy” rating in a research report on Tuesday, November 26th. Finally, Mizuho raised their price target on shares of Amazon.com from $240.00 to $260.00 and gave the stock an “outperform” rating in a report on Tuesday, December 10th. Two analysts have rated the stock with a hold rating, forty-two have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, Amazon.com currently has a consensus rating of “Moderate Buy” and an average price target of $260.20.

Amazon.com Stock Performance

AMZN stock opened at $229.15 on Friday. The firm has a 50-day simple moving average of $226.51 and a two-hundred day simple moving average of $200.30. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.87 and a current ratio of 1.09. Amazon.com has a one year low of $151.61 and a one year high of $242.52. The firm has a market cap of $2.41 trillion, a price-to-earnings ratio of 49.07, a PEG ratio of 1.35 and a beta of 1.15.

Amazon.com (NASDAQ:AMZN) last announced its earnings results 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 net margin of 8.04% and a return on equity of 22.41%. On average, equities analysts forecast that Amazon.com will post 5.3 EPS for the current fiscal year.

Insider Transactions at Amazon.com

In other news, CEO Douglas J. Herrington sold 3,500 shares of the company’s stock in a transaction on Monday, December 2nd. The shares were sold at an average price of $210.00, for a total transaction of $735,000.00. Following the completion of the sale, the chief executive officer now owns 524,567 shares of the company’s stock, valued at $110,159,070. This represents a 0.66 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Jonathan Rubinstein sold 4,351 shares of the stock in a transaction dated Monday, December 9th. The shares were sold at an average price of $229.85, for a total transaction of $1,000,077.35. Following the completion of the sale, the director now owns 88,203 shares of the company’s stock, valued at $20,273,459.55. This trade represents a 4.70 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 3,026,212 shares of company stock valued at $625,666,424 over the last 90 days. Corporate insiders own 10.80% of the company’s stock.

Institutional Trading of Amazon.com

A number of hedge funds have recently bought and sold shares of AMZN. Warwick Investment Management Inc. boosted its holdings in shares of Amazon.com by 2.9% during the 4th quarter. Warwick Investment Management Inc. now owns 8,829 shares of the e-commerce giant’s stock worth $1,937,000 after purchasing an additional 246 shares during the last quarter. Saturna Capital Corp lifted its position in Amazon.com by 1.8% during the fourth quarter. Saturna Capital Corp now owns 28,999 shares of the e-commerce giant’s stock worth $6,362,000 after buying an additional 505 shares in the last quarter. Summit X LLC boosted its stake in Amazon.com by 11.4% during the fourth quarter. Summit X LLC now owns 24,485 shares of the e-commerce giant’s stock worth $5,372,000 after buying an additional 2,500 shares during the last quarter. Wealth High Governance Capital Ltda grew its holdings in Amazon.com by 396.0% in the 4th quarter. Wealth High Governance Capital Ltda now owns 49,600 shares of the e-commerce giant’s stock valued at $10,882,000 after buying an additional 39,600 shares in the last quarter. Finally, Windle Wealth LLC grew its holdings in Amazon.com by 6.6% in the 4th quarter. Windle Wealth LLC now owns 12,884 shares of the e-commerce giant’s stock valued at $2,827,000 after buying an additional 800 shares in the last quarter. Institutional investors and hedge funds 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.