JMP Securities Increases Amazon.com (NASDAQ:AMZN) Price Target to $265.00

Amazon.com (NASDAQ:AMZN) had its target price raised by JMP Securities from $245.00 to $265.00 in a research note released on Tuesday, Benzinga reports. JMP Securities currently has a market outperform rating on the e-commerce giant’s stock.

Several other research firms have also recently commented on AMZN. Sanford C. Bernstein lifted their target price on Amazon.com from $210.00 to $215.00 and gave the company an outperform rating in a research note on Monday, July 22nd. Rosenblatt Securities lifted their price objective on Amazon.com from $220.00 to $221.00 and gave the stock a buy rating in a research report on Friday, August 2nd. BMO Capital Markets boosted their price objective on Amazon.com from $220.00 to $230.00 and gave the stock an outperform rating in a report on Thursday, July 25th. Benchmark reaffirmed a buy rating and issued a $200.00 target price on shares of Amazon.com in a research note on Friday, August 2nd. Finally, Jefferies Financial Group lowered their price target on shares of Amazon.com from $235.00 to $225.00 and set a buy rating for the company in a research report on Friday, August 2nd. One investment analyst has rated the stock with a hold rating, forty have assigned a buy rating and two have given a strong buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of Buy and an average price target of $222.49.

Amazon.com Stock Performance

Amazon.com stock opened at $171.39 on Tuesday. The stock has a 50-day simple moving average of $181.10 and a 200 day simple moving average of $181.19. The stock has a market capitalization of $1.78 trillion, a price-to-earnings ratio of 48.01, a P/E/G ratio of 1.34 and a beta of 1.14. The company has a quick ratio of 0.88, a current ratio of 1.10 and a debt-to-equity ratio of 0.23. Amazon.com has a 12-month low of $118.35 and a 12-month high of $201.20.

Amazon.com (NASDAQ:AMZN) last announced its earnings results on Thursday, August 1st. The e-commerce giant reported $1.23 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.05 by $0.18. The company had revenue of $147.98 billion for the quarter, compared to analyst estimates of $148.63 billion. Amazon.com had a net margin of 7.35% and a return on equity of 21.39%. On average, research analysts anticipate that Amazon.com will post 4.86 earnings per share for the current fiscal year.

Insider Buying and Selling at Amazon.com

In other news, insider Jeffrey P. Bezos sold 3,085,116 shares of the firm’s stock in a transaction that occurred on Friday, July 5th. The shares were sold at an average price of $200.07, for a total transaction of $617,239,158.12. Following the transaction, the insider now directly owns 931,925,277 shares of the company’s stock, valued at $186,450,290,169.39. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other Amazon.com news, insider Jeffrey P. Bezos sold 3,085,116 shares of the stock in a transaction dated Friday, July 5th. The shares were sold at an average price of $200.07, for a total transaction of $617,239,158.12. Following the sale, the insider now directly owns 931,925,277 shares in the company, valued at $186,450,290,169.39. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Andrew R. Jassy sold 20,784 shares of Amazon.com stock in a transaction on Wednesday, August 21st. The shares were sold at an average price of $180.77, for a total value of $3,757,123.68. Following the completion of the transaction, the chief executive officer now owns 2,056,534 shares in the company, valued at approximately $371,759,651.18. The disclosure for this sale can be found here. Insiders sold 6,104,317 shares of company stock valued at $1,220,621,322 in the last quarter. Company insiders own 10.80% of the company’s stock.

Hedge Funds Weigh In On Amazon.com

A number of institutional investors have recently added to or reduced their stakes in the stock. Collective Family Office LLC increased its holdings in Amazon.com by 9.7% in the 1st quarter. Collective Family Office LLC now owns 9,278 shares of the e-commerce giant’s stock worth $1,674,000 after purchasing an additional 819 shares in the last quarter. Phillips Wealth Planners LLC lifted its holdings in shares of Amazon.com by 9.2% during the first quarter. Phillips Wealth Planners LLC now owns 2,655 shares of the e-commerce giant’s stock worth $487,000 after purchasing an additional 224 shares during the period. Bayesian Capital Management LP bought a new stake in shares of Amazon.com in the fourth quarter worth $5,926,000. Clearstead Trust LLC raised its position in Amazon.com by 25.8% during the 4th quarter. Clearstead Trust LLC now owns 65,539 shares of the e-commerce giant’s stock worth $9,958,000 after purchasing an additional 13,454 shares during the last quarter. Finally, Summa Corp. acquired a new position in Amazon.com during the 4th quarter worth about $1,506,000. 72.20% of the stock is currently 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.