Jefferies Financial Group Issues Positive Forecast for Amazon.com (NASDAQ:AMZN) Stock Price

Amazon.com (NASDAQ:AMZN) had its price target lifted by Jefferies Financial Group from $235.00 to $275.00 in a research report released on Monday morning,Benzinga reports. The brokerage currently has a buy rating on the e-commerce giant’s stock.

AMZN has been the subject of several other reports. Robert W. Baird raised their target price on shares of Amazon.com from $220.00 to $260.00 and gave the company an “outperform” rating in a report on Friday. JPMorgan Chase & Co. lifted their price target on shares of Amazon.com from $230.00 to $250.00 and gave the stock an “overweight” rating in a report on Friday, November 1st. Truist Financial lifted their price target on shares of Amazon.com from $265.00 to $270.00 and gave the stock a “buy” rating in a report on Friday, November 1st. Wells Fargo & Company reissued an “equal weight” rating and issued a $197.00 target price on shares of Amazon.com in a research report on Wednesday, November 20th. Finally, Evercore ISI raised their target price on shares of Amazon.com from $240.00 to $260.00 and gave the stock an “outperform” rating in a research report on Friday, November 1st. Two analysts have rated the stock with a hold rating, forty-one have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $240.67.

Amazon.com Trading Up 2.4 %

Shares of Amazon.com stock opened at $232.93 on Monday. The company has a fifty day simple moving average of $202.70 and a 200-day simple moving average of $190.16. Amazon.com has a 12-month low of $144.05 and a 12-month high of $233.00. 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 stock has a market cap of $2.45 trillion, a price-to-earnings ratio of 49.88, a PEG ratio of 1.54 and a beta of 1.16.

Amazon.com (NASDAQ:AMZN) last issued its quarterly earnings results on Thursday, October 31st. The e-commerce giant reported $1.43 earnings per share for the quarter, topping analysts’ consensus estimates of $1.14 by $0.29. The firm had revenue of $158.88 billion during the quarter, compared to analysts’ expectations of $157.28 billion. Amazon.com had a net margin of 8.04% and a return on equity of 22.41%. Amazon.com’s quarterly revenue was up 11.0% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.85 EPS. On average, equities analysts forecast that Amazon.com will post 5.29 EPS for the current fiscal year.

Insider Transactions at Amazon.com

In related news, Director Daniel P. Huttenlocher sold 1,237 shares of the stock in a transaction on Tuesday, November 19th. The stock was sold at an average price of $199.06, for a total value of $246,237.22. Following the sale, the director now owns 24,912 shares in the company, valued at approximately $4,958,982.72. This represents a 4.73 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Matthew S. Garman sold 15,260 shares of the company’s stock in a transaction on Thursday, November 21st. The shares were sold at an average price of $200.19, for a total value of $3,054,899.40. Following the completion of the transaction, the chief executive officer now directly owns 349,261 shares in the company, valued at approximately $69,918,559.59. This represents a 4.19 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 6,034,534 shares of company stock worth $1,253,883,872 in the last 90 days. Corporate insiders own 10.80% of the company’s stock.

Institutional Trading of Amazon.com

Several large investors have recently modified their holdings of AMZN. City State Bank lifted its position in shares of Amazon.com by 1.7% during the 2nd quarter. City State Bank now owns 15,770 shares of the e-commerce giant’s stock worth $3,048,000 after buying an additional 270 shares during the last quarter. Monterey Private Wealth Inc. lifted its position in shares of Amazon.com by 6.5% during the 2nd quarter. Monterey Private Wealth Inc. now owns 12,288 shares of the e-commerce giant’s stock worth $2,375,000 after buying an additional 755 shares during the last quarter. Lynx Investment Advisory bought a new stake in shares of Amazon.com during the 2nd quarter worth $2,609,000. New England Research & Management Inc. lifted its position in shares of Amazon.com by 7.4% during the 2nd quarter. New England Research & Management Inc. now owns 10,109 shares of the e-commerce giant’s stock worth $1,954,000 after buying an additional 696 shares during the last quarter. Finally, Marion Wealth Management lifted its position in shares of Amazon.com by 9.4% during the 2nd quarter. Marion Wealth Management now owns 4,911 shares of the e-commerce giant’s stock worth $949,000 after buying an additional 422 shares during the last quarter. 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.