Jefferies Financial Group Increases Amazon.com (NASDAQ:AMZN) Price Target to $235.00

Amazon.com (NASDAQ:AMZN) had its target price boosted by equities researchers at Jefferies Financial Group from $225.00 to $235.00 in a research report issued on Tuesday, BayStreet.CA reports. Jefferies Financial Group’s price target indicates a potential upside of 17.62% from the company’s current price.

Other equities research analysts have also recently issued reports about the stock. JMP Securities reiterated a “market outperform” rating and issued a $225.00 price target on shares of Amazon.com in a research report on Wednesday, May 1st. Robert W. Baird boosted their target price on shares of Amazon.com from $210.00 to $213.00 and gave the stock an “outperform” rating in a report on Friday, June 21st. Rosenblatt Securities restated a “buy” rating and set a $220.00 target price on shares of Amazon.com in a report on Wednesday, May 1st. Barclays upped their price target on Amazon.com from $220.00 to $230.00 and gave the company an “overweight” rating in a report on Wednesday, May 1st. Finally, Citigroup raised their price objective on Amazon.com from $235.00 to $245.00 and gave the stock a “buy” rating in a research note on Wednesday, May 1st. One investment analyst has rated the stock with a hold rating, forty-two have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Buy” and an average target price of $217.38.

Amazon.com Price Performance

NASDAQ AMZN opened at $199.79 on Tuesday. Amazon.com has a 12 month low of $118.35 and a 12 month high of $201.20. The firm has a market capitalization of $2.08 trillion, a PE ratio of 55.96, a P/E/G ratio of 1.43 and a beta of 1.15. The company’s 50 day simple moving average is $187.26 and its 200 day simple moving average is $175.75. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.07 and a quick ratio of 0.87.

Amazon.com (NASDAQ:AMZN) last issued its quarterly earnings results on Tuesday, April 30th. The e-commerce giant reported $0.98 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.83 by $0.15. Amazon.com had a return on equity of 19.86% and a net margin of 6.38%. The firm had revenue of $143.31 billion during the quarter, compared to analyst estimates of $142.65 billion. During the same period last year, the company posted $0.31 EPS. The firm’s quarterly revenue was up 12.5% on a year-over-year basis. As a group, equities research analysts forecast that Amazon.com will post 4.72 EPS for the current fiscal year.

Insider Buying and Selling at Amazon.com

In other news, CEO Adam Selipsky sold 500 shares of the business’s stock in a transaction on Thursday, April 18th. The shares were sold at an average price of $181.38, for a total value of $90,690.00. Following the completion of the sale, the chief executive officer now directly owns 130,600 shares in the company, valued at $23,688,228. 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 3,500 shares of the firm’s stock in a transaction that occurred on Monday, June 3rd. The stock was sold at an average price of $177.29, for a total value of $620,515.00. Following the sale, the chief executive officer now owns 523,253 shares of the company’s stock, valued at approximately $92,767,524.37. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Adam Selipsky sold 500 shares of the company’s stock in a transaction that occurred on Thursday, April 18th. The stock was sold at an average price of $181.38, for a total value of $90,690.00. Following the transaction, the chief executive officer now owns 130,600 shares of the company’s stock, valued at $23,688,228. The disclosure for this sale can be found here. Insiders have sold a total of 5,847,094 shares of company stock worth $1,169,058,874 over the last 90 days. Insiders own 10.80% of the company’s stock.

Hedge Funds Weigh In On Amazon.com

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Cooksen Wealth LLC bought a new stake in shares of Amazon.com in the fourth quarter valued at about $30,000. E Fund Management Hong Kong Co. Ltd. grew its holdings in shares of Amazon.com by 45.0% during the 4th quarter. E Fund Management Hong Kong Co. Ltd. now owns 277 shares of the e-commerce giant’s stock worth $42,000 after purchasing an additional 86 shares in the last quarter. Strid Group LLC bought a new stake in shares of Amazon.com during the fourth quarter valued at approximately $43,000. Harbor Investment Advisory LLC raised its stake in shares of Amazon.com by 0.7% in the fourth quarter. Harbor Investment Advisory LLC now owns 299,959 shares of the e-commerce giant’s stock valued at $46,000 after purchasing an additional 1,988 shares in the last quarter. Finally, Clarity Asset Management Inc. bought a new position in Amazon.com in the fourth quarter worth $46,000. Institutional investors 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.