JPMorgan Chase & Co. Issues Pessimistic Forecast for Amazon.com (NASDAQ:AMZN) Stock Price

Amazon.com (NASDAQ:AMZN) had its price target cut by equities research analysts at JPMorgan Chase & Co. from $270.00 to $220.00 in a note issued to investors on Tuesday,Benzinga reports. The firm currently has an “overweight” rating on the e-commerce giant’s stock. JPMorgan Chase & Co.‘s price target would suggest a potential upside of 23.31% from the company’s previous close.

AMZN has been the topic of several other research reports. Piper Sandler restated an “overweight” rating and issued a $265.00 price objective (up previously from $225.00) on shares of Amazon.com in a research note on Friday, February 7th. Cantor Fitzgerald reiterated an “overweight” rating and set a $270.00 target price on shares of Amazon.com in a research report on Friday, February 7th. Oppenheimer raised their price target on shares of Amazon.com from $230.00 to $260.00 and gave the stock an “outperform” rating in a research note on Friday, February 7th. Sanford C. Bernstein lifted their price objective on Amazon.com from $235.00 to $265.00 and gave the company an “outperform” rating in a report on Wednesday, December 18th. Finally, Raymond James lifted their price target on shares of Amazon.com from $260.00 to $275.00 in a report on Monday, February 10th. Two research analysts have rated the stock with a hold rating, forty-three have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $259.26.

Amazon.com Stock Up 1.8 %

Shares of Amazon.com stock traded up $3.15 during trading on Tuesday, hitting $178.41. 31,414,693 shares of the stock traded hands, compared to its average volume of 40,878,877. The stock has a market cap of $1.89 trillion, a P/E ratio of 32.17, a PEG ratio of 1.50 and a beta of 1.39. The company has a fifty day moving average price of $210.97 and a two-hundred day moving average price of $209.12. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.87 and a current ratio of 1.06. Amazon.com has a twelve month low of $151.61 and a twelve month high of $242.52.

Amazon.com (NASDAQ:AMZN) last announced its quarterly earnings results on Thursday, February 6th. The e-commerce giant reported $1.86 EPS for the quarter, topping the consensus estimate of $1.52 by $0.34. Amazon.com had a net margin of 9.29% and a return on equity of 24.25%. Equities research analysts predict that Amazon.com will post 6.31 EPS for the current fiscal year.

Insider Transactions at Amazon.com

In related news, CEO Douglas J. Herrington sold 2,500 shares of the firm’s stock in a transaction on Tuesday, April 1st. The stock was sold at an average price of $187.99, for a total value of $469,975.00. Following the transaction, the chief executive officer now directly owns 509,474 shares of the company’s stock, valued at approximately $95,776,017.26. This trade represents a 0.49 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Andrew R. Jassy sold 20,784 shares of Amazon.com stock in a transaction that occurred on Friday, February 21st. The shares were sold at an average price of $220.65, for a total transaction of $4,585,989.60. Following the sale, the chief executive officer now owns 2,118,886 shares in the company, valued at approximately $467,532,195.90. The trade was a 0.97 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 104,798 shares of company stock worth $23,341,803. Company insiders own 10.80% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in AMZN. Cable Hill Partners LLC raised its stake in Amazon.com by 0.5% in the fourth 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 grew its position in shares of Amazon.com by 23.8% during the 4th quarter. Quattro Financial Advisors LLC now owns 234 shares of the e-commerce giant’s stock valued at $51,000 after acquiring an additional 45 shares during the period. Northern Capital Management Inc. raised its stake in shares of Amazon.com by 0.6% during the 4th quarter. Northern Capital Management Inc. now owns 7,353 shares of the e-commerce giant’s stock worth $1,613,000 after buying an additional 45 shares during the period. White Wing Wealth Management boosted its holdings 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 worth $433,000 after buying an additional 47 shares during the last quarter. Finally, MBM Wealth Consultants LLC grew its position in shares of Amazon.com by 0.6% in the fourth quarter. MBM Wealth Consultants LLC now owns 8,578 shares of the e-commerce giant’s stock valued at $1,889,000 after purchasing an additional 48 shares in the last quarter. 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.