Amazon.com (NASDAQ:AMZN) Price Target Cut to $238.00 by Analysts at Maxim Group

Amazon.com (NASDAQ:AMZN) had its target price reduced by Maxim Group from $318.00 to $238.00 in a research note published on Wednesday, MarketBeat Ratings reports. Maxim Group currently has a buy rating on the e-commerce giant’s stock.

Several other research firms have also recently commented on AMZN. TD Cowen lifted their price target on Amazon.com from $200.00 to $225.00 and gave the company an outperform rating in a report on Friday, February 2nd. Moffett Nathanson restated a buy rating and issued a $228.00 price target on shares of Amazon.com in a report on Thursday, April 11th. Needham & Company LLC reiterated a buy rating and set a $205.00 target price on shares of Amazon.com in a report on Wednesday. Telsey Advisory Group boosted their target price on Amazon.com from $200.00 to $215.00 and gave the stock an outperform rating in a report on Wednesday. Finally, Oppenheimer boosted their target price on Amazon.com from $200.00 to $210.00 and gave the stock an outperform rating in a report on Friday, February 2nd. One investment analyst has rated the stock with a hold rating, forty-four have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of Buy and a consensus target price of $210.18.

Amazon.com Trading Up 2.3 %

Amazon.com stock opened at $179.00 on Wednesday. The company has a current ratio of 1.05, a quick ratio of 0.84 and a debt-to-equity ratio of 0.29. The stock has a market cap of $1.86 trillion, a PE ratio of 61.72, a P/E/G ratio of 1.57 and a beta of 1.16. The stock has a 50-day moving average price of $178.59 and a 200 day moving average price of $159.78. Amazon.com has a 52 week low of $101.15 and a 52 week high of $189.77.

Amazon.com (NASDAQ:AMZN) last posted its quarterly earnings results on Tuesday, April 30th. The e-commerce giant reported $0.98 EPS for the quarter, beating the consensus estimate of $0.83 by $0.15. The company had revenue of $143.31 billion during the quarter, compared to analysts’ expectations of $142.65 billion. Amazon.com had a return on equity of 16.61% and a net margin of 5.29%. The firm’s revenue was up 12.5% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.31 EPS. Equities research analysts predict that Amazon.com will post 4.11 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Amazon.com news, CEO Douglas J. Herrington sold 20,200 shares of the stock in a transaction on Wednesday, February 7th. The stock was sold at an average price of $169.99, for a total value of $3,433,798.00. Following the sale, the chief executive officer now directly owns 514,131 shares of the company’s stock, valued at $87,397,128.69. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In other Amazon.com news, CEO Douglas J. Herrington sold 20,200 shares of the stock in a transaction on Wednesday, February 7th. The stock was sold at an average price of $169.99, for a total value of $3,433,798.00. Following the sale, the chief executive officer now directly owns 514,131 shares of the company’s stock, valued at $87,397,128.69. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Adam Selipsky sold 500 shares of the stock in a transaction on Thursday, April 4th. The stock was sold at an average price of $184.00, for a total value of $92,000.00. Following the completion of the sale, the chief executive officer now directly owns 131,600 shares in the company, valued at $24,214,400. The disclosure for this sale can be found here. Insiders sold a total of 32,213,510 shares of company stock worth $5,505,811,286 in the last three months. 10.30% of the stock is owned by insiders.

Institutional Investors Weigh In On Amazon.com

Several large investors have recently added to or reduced their stakes in AMZN. Ridgecrest Wealth Partners LLC increased its holdings in shares of Amazon.com by 0.7% during the first quarter. Ridgecrest Wealth Partners LLC now owns 7,755 shares of the e-commerce giant’s stock valued at $1,399,000 after purchasing an additional 56 shares during the period. Stordahl Capital Management Inc. increased its holdings in shares of Amazon.com by 2.1% during the first quarter. Stordahl Capital Management Inc. now owns 2,763 shares of the e-commerce giant’s stock valued at $498,000 after purchasing an additional 56 shares during the period. Echo45 Advisors LLC increased its holdings in shares of Amazon.com by 0.9% during the first quarter. Echo45 Advisors LLC now owns 6,619 shares of the e-commerce giant’s stock valued at $1,194,000 after purchasing an additional 59 shares during the period. Boyd Wealth Management LLC increased its holdings in shares of Amazon.com by 1.7% during the first quarter. Boyd Wealth Management LLC now owns 3,655 shares of the e-commerce giant’s stock valued at $659,000 after purchasing an additional 60 shares during the period. Finally, ShoreHaven Wealth Partners LLC increased its holdings in shares of Amazon.com by 1.9% during the fourth quarter. ShoreHaven Wealth Partners LLC now owns 3,234 shares of the e-commerce giant’s stock valued at $491,000 after purchasing an additional 60 shares during the period. 72.20% of the stock is owned by institutional investors and hedge funds.

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.