Amazon.com (NASDAQ:AMZN) Stock Price Expected to Rise, Loop Capital Analyst Says

Amazon.com (NASDAQ:AMZN) had its price objective lifted by Loop Capital from $275.00 to $285.00 in a report issued on Wednesday,Benzinga reports. The firm presently has a “buy” rating on the e-commerce giant’s stock. Loop Capital’s price objective would indicate a potential upside of 23.71% from the company’s current price.

A number of other research firms have also recently weighed in on AMZN. The Goldman Sachs Group lifted their price objective on Amazon.com from $240.00 to $255.00 and gave the company a “buy” rating in a research report on Friday, February 7th. Cantor Fitzgerald reaffirmed an “overweight” rating and set a $270.00 price objective on shares of Amazon.com in a research report on Friday, February 7th. Raymond James lifted their price objective on Amazon.com from $260.00 to $275.00 in a research report on Monday. HSBC lifted their price objective on Amazon.com from $225.00 to $270.00 and gave the company a “buy” rating in a research report on Monday, January 13th. Finally, Deutsche Bank Aktiengesellschaft lifted their price objective on Amazon.com from $225.00 to $232.00 and gave the company a “buy” rating in a research report on Friday, November 1st. Two equities research analysts have 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. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $260.74.

Amazon.com Trading Up 0.6 %

Shares of NASDAQ:AMZN opened at $230.37 on Wednesday. The stock has a market capitalization of $2.42 trillion, a price-to-earnings ratio of 41.66, a PEG ratio of 1.36 and a beta of 1.15. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.87 and a current ratio of 1.09. The stock’s 50-day simple moving average is $227.98 and its two-hundred day simple moving average is $201.78. Amazon.com has a 52-week low of $151.61 and a 52-week high of $242.52.

Amazon.com (NASDAQ:AMZN) last announced its earnings results on Thursday, February 6th. The e-commerce giant reported $1.86 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.52 by $0.34. Amazon.com had a return on equity of 25.49% and a net margin of 9.29%. Analysts expect that Amazon.com will post 6.24 EPS for the current year.

Insider Buying and Selling

In related news, Director Daniel P. Huttenlocher sold 1,237 shares of the firm’s stock in a transaction dated Tuesday, November 19th. The shares were sold at an average price of $199.06, for a total value of $246,237.22. Following the transaction, the director now owns 24,912 shares of the company’s stock, valued at $4,958,982.72. This trade represents a 4.73 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Jonathan Rubinstein sold 4,351 shares of the firm’s stock in a transaction dated Monday, December 9th. The stock was sold at an average price of $229.85, for a total transaction of $1,000,077.35. Following the completion of the transaction, the director now directly owns 88,203 shares in the company, valued at $20,273,459.55. This represents a 4.70 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 24,348 shares of company stock valued at $5,036,214 in the last 90 days. Company insiders own 10.80% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in AMZN. Cable Hill Partners LLC raised its position in Amazon.com by 0.5% in the 4th quarter. Cable Hill Partners LLC now owns 9,588 shares of the e-commerce giant’s stock valued at $2,104,000 after buying an additional 44 shares during the last quarter. Quattro Financial Advisors LLC raised its position in Amazon.com by 23.8% in the 4th quarter. Quattro Financial Advisors LLC now owns 234 shares of the e-commerce giant’s stock valued at $51,000 after buying an additional 45 shares during the last quarter. Northern Capital Management Inc. raised its position in Amazon.com by 0.6% in the 4th quarter. Northern Capital Management Inc. now owns 7,353 shares of the e-commerce giant’s stock valued at $1,613,000 after buying an additional 45 shares during the last quarter. White Wing Wealth Management raised its position in Amazon.com by 2.4% in the 4th quarter. White Wing Wealth Management now owns 1,972 shares of the e-commerce giant’s stock valued at $433,000 after buying an additional 47 shares during the last quarter. Finally, MBM Wealth Consultants LLC raised its position in Amazon.com by 0.6% in the 4th quarter. MBM Wealth Consultants LLC now owns 8,578 shares of the e-commerce giant’s stock valued at $1,889,000 after buying an additional 48 shares during the last quarter. Hedge funds and other institutional investors own 72.20% of the company’s stock.

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.