Loop Capital Issues Positive Forecast for Amazon.com (NASDAQ:AMZN) Stock Price

Amazon.com (NASDAQ:AMZN) had its price target raised by investment analysts at Loop Capital from $275.00 to $285.00 in a note issued to investors on Wednesday,Benzinga reports. The brokerage currently has a “buy” rating on the e-commerce giant’s stock. Loop Capital’s target price would suggest a potential upside of 23.46% from the company’s previous close.

A number of other research firms also recently commented on AMZN. JPMorgan Chase & Co. boosted their price objective on shares of Amazon.com from $250.00 to $280.00 and gave the stock an “overweight” rating in a report on Wednesday, December 18th. UBS Group boosted their price objective on shares of Amazon.com from $230.00 to $264.00 and gave the stock a “buy” rating in a report on Monday, December 16th. Morgan Stanley boosted their price objective on shares of Amazon.com from $230.00 to $280.00 and gave the stock an “overweight” rating in a report on Monday, January 13th. Mizuho upped their price target on shares of Amazon.com from $240.00 to $260.00 and gave the company an “outperform” rating in a report on Tuesday, December 10th. Finally, Barclays upped their price target on shares of Amazon.com from $235.00 to $265.00 and gave the company an “overweight” rating in a report on Friday, February 7th. Two investment analysts have rated the stock with a hold rating, forty-two have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $260.74.

Amazon.com Stock Performance

Shares of Amazon.com stock traded down $1.91 on Wednesday, reaching $230.85. 14,898,226 shares of the stock were exchanged, compared to its average volume of 34,657,379. Amazon.com has a 1-year low of $151.61 and a 1-year high of $242.52. The company has a current ratio of 1.09, a quick ratio of 0.87 and a debt-to-equity ratio of 0.21. The business has a fifty day moving average price of $227.77 and a two-hundred day moving average price of $201.59. The firm has a market capitalization of $2.43 trillion, a PE ratio of 41.75, a PEG ratio of 1.36 and a beta of 1.15.

Amazon.com (NASDAQ:AMZN) last issued its quarterly earnings results on Thursday, February 6th. The e-commerce giant reported $1.86 earnings per share (EPS) 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 25.49%. As a group, research analysts anticipate that Amazon.com will post 6.24 earnings per share for the current fiscal year.

Insider Activity

In other Amazon.com news, CEO Douglas J. Herrington sold 3,500 shares of the 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 transaction, the chief executive officer now directly owns 524,567 shares in the company, valued at $110,159,070. This represents a 0.66 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Daniel P. Huttenlocher sold 1,237 shares of the stock in a transaction on Tuesday, November 19th. The shares were sold at an average price of $199.06, for a total transaction of $246,237.22. Following the transaction, the director now owns 24,912 shares in the company, valued at $4,958,982.72. This trade represents a 4.73 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 29,850 shares of company stock worth $6,168,581. 10.80% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of AMZN. Fiera Capital Corp lifted its position in shares of Amazon.com by 12.5% in the 2nd quarter. Fiera Capital Corp now owns 401,113 shares of the e-commerce giant’s stock worth $77,515,000 after buying an additional 44,615 shares during the last quarter. Mystic Asset Management Inc. lifted its position in shares of Amazon.com by 1.6% in the 2nd quarter. Mystic Asset Management Inc. now owns 17,034 shares of the e-commerce giant’s stock worth $3,292,000 after buying an additional 274 shares during the last quarter. MayTech Global Investments LLC lifted its position in shares of Amazon.com by 1.8% in the 2nd quarter. MayTech Global Investments LLC now owns 222,873 shares of the e-commerce giant’s stock worth $43,070,000 after buying an additional 3,904 shares during the last quarter. WINTON GROUP Ltd lifted its position in shares of Amazon.com by 307.7% in the 2nd quarter. WINTON GROUP Ltd now owns 22,965 shares of the e-commerce giant’s stock worth $4,438,000 after buying an additional 17,332 shares during the last quarter. Finally, Nia Impact Advisors LLC acquired a new stake in shares of Amazon.com in the 2nd quarter worth about $222,000. 72.20% of the stock is currently owned by institutional investors.

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.