Amazon.com (NASDAQ:AMZN) Price Target Cut to $210.00

Amazon.com (NASDAQ:AMZN) had its price target trimmed by Bank of America from $220.00 to $210.00 in a research note released on Friday, Benzinga reports. They currently have a buy rating on the e-commerce giant’s stock.

A number of other analysts have also commented on AMZN. Robert W. Baird lifted their target price on Amazon.com from $210.00 to $213.00 and gave the stock an outperform rating in a report on Friday, June 21st. Raymond James boosted their target price on Amazon.com from $200.00 to $205.00 and gave the stock a strong-buy rating in a research report on Wednesday, May 1st. Itau BBA Securities downgraded shares of Amazon.com from an outperform rating to a market perform rating and set a $186.00 price target on the stock. in a report on Friday. Benchmark reissued a buy rating and set a $200.00 price objective on shares of Amazon.com in a report on Friday. Finally, Wedbush restated an outperform rating and issued a $225.00 target price on shares of Amazon.com in a report on Friday. One equities research analyst has rated the stock with a hold rating, forty-one have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, Amazon.com presently has an average rating of Buy and a consensus target price of $222.58.

Amazon.com Stock Down 4.1 %

Shares of Amazon.com stock opened at $161.02 on Friday. The company has a 50-day simple moving average of $187.12 and a two-hundred day simple moving average of $179.92. The stock has a market capitalization of $1.68 trillion, a PE ratio of 44.45, a price-to-earnings-growth ratio of 1.32 and a beta of 1.15. Amazon.com has a 52-week low of $118.35 and a 52-week high of $201.20. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.87 and a current ratio of 1.07.

Insider Buying and Selling

In other Amazon.com news, CEO Andrew R. Jassy sold 20,784 shares of the stock in a transaction dated Tuesday, May 21st. The shares were sold at an average price of $181.44, for a total transaction of $3,771,048.96. Following the completion of the sale, the chief executive officer now directly owns 2,025,358 shares of the company’s stock, valued at $367,480,955.52. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. In other Amazon.com news, CEO Andrew R. Jassy sold 20,784 shares of the firm’s stock in a transaction dated Tuesday, May 21st. The stock was sold at an average price of $181.44, for a total value of $3,771,048.96. Following the completion of the sale, the chief executive officer now owns 2,025,358 shares of the company’s stock, valued at $367,480,955.52. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, insider Jeffrey P. Bezos sold 1,228,993 shares of the business’s stock in a transaction that occurred on Monday, July 8th. The stock was sold at an average price of $200.36, for a total transaction of $246,241,037.48. Following the sale, the insider now directly owns 930,696,284 shares in the company, valued at approximately $186,474,307,462.24. The disclosure for this sale can be found here. Insiders sold 6,111,990 shares of company stock valued at $1,222,095,188 over the last 90 days. Corporate insiders own 10.80% of the company’s stock.

Institutional Investors Weigh In On Amazon.com

A number of large investors have recently bought and sold shares of AMZN. PayPay Securities Corp grew its holdings in Amazon.com by 64.6% during the second quarter. PayPay Securities Corp now owns 163 shares of the e-commerce giant’s stock worth $32,000 after acquiring an additional 64 shares during the period. Cooksen Wealth LLC acquired a new position in Amazon.com during the fourth quarter worth $30,000. Strid Group LLC acquired a new stake in Amazon.com in the 4th quarter worth about $43,000. Christopher J. Hasenberg Inc raised its stake in Amazon.com by 650.0% in the 2nd quarter. Christopher J. Hasenberg Inc now owns 300 shares of the e-commerce giant’s stock valued at $58,000 after purchasing an additional 260 shares during the last quarter. Finally, Clarity Asset Management Inc. acquired a new stake in shares of Amazon.com in the fourth quarter valued at about $46,000. Hedge funds and other 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.