JPMorgan Chase & Co. Forecasts Strong Price Appreciation for Amazon.com (NASDAQ:AMZN) Stock

Amazon.com (NASDAQ:AMZN) had its price target increased by stock analysts at JPMorgan Chase & Co. from $230.00 to $250.00 in a report issued on Friday, Benzinga reports. The brokerage currently has an “overweight” rating on the e-commerce giant’s stock. JPMorgan Chase & Co.‘s price objective suggests a potential upside of 26.31% from the stock’s previous close.

AMZN has been the subject of several other reports. TD Securities boosted their price target on shares of Amazon.com from $225.00 to $245.00 in a research report on Wednesday, July 10th. Scotiabank assumed coverage on Amazon.com in a research report on Friday, October 11th. They set a “sector outperform” rating and a $245.00 price target on the stock. Roth Mkm lifted their price objective on Amazon.com from $210.00 to $215.00 and gave the company a “buy” rating in a research report on Friday, August 2nd. DA Davidson restated a “buy” rating and set a $235.00 target price on shares of Amazon.com in a report on Thursday, October 10th. Finally, Itau BBA Securities lowered Amazon.com from an “outperform” rating to a “market perform” rating and set a $186.00 target price for the company. in a research note on Friday, August 2nd. Two analysts have rated the stock with a hold rating, forty have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $246.02.

Amazon.com Stock Up 6.2 %

Shares of AMZN opened at $197.93 on Friday. The company has a quick ratio of 0.88, a current ratio of 1.10 and a debt-to-equity ratio of 0.23. The company has a 50-day moving average price of $184.82 and a two-hundred day moving average price of $183.76. The stock has a market cap of $2.08 trillion, a price-to-earnings ratio of 42.38, a P/E/G ratio of 1.46 and a beta of 1.14. Amazon.com has a 12 month low of $136.47 and a 12 month high of $201.20.

Amazon.com (NASDAQ:AMZN) last announced its quarterly earnings results on Thursday, October 31st. The e-commerce giant reported $1.43 EPS for the quarter, beating the consensus estimate of $1.14 by $0.29. Amazon.com had a return on equity of 21.39% and a net margin of 7.35%. The business had revenue of $158.88 billion for the quarter, compared to analyst estimates of $157.28 billion. During the same quarter in the previous year, the firm earned $0.85 EPS. Amazon.com’s quarterly revenue was up 11.0% on a year-over-year basis. Equities analysts predict that Amazon.com will post 4.84 EPS for the current fiscal year.

Insider Activity at Amazon.com

In other Amazon.com news, CEO Andrew R. Jassy sold 20,784 shares of the company’s stock in a transaction that occurred on Wednesday, August 21st. The stock was sold at an average price of $180.77, for a total transaction of $3,757,123.68. Following the completion of the transaction, the chief executive officer now owns 2,056,534 shares of the company’s stock, valued at $371,759,651.18. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. In other news, SVP David Zapolsky sold 2,190 shares of the stock in a transaction dated Tuesday, September 24th. The shares were sold at an average price of $195.00, for a total transaction of $427,050.00. Following the completion of the transaction, the senior vice president now directly owns 62,420 shares in the company, valued at $12,171,900. This represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO Andrew R. Jassy sold 20,784 shares of the company’s stock in a transaction dated Wednesday, August 21st. The stock was sold at an average price of $180.77, for a total value of $3,757,123.68. Following the sale, the chief executive officer now owns 2,056,534 shares in the company, valued at $371,759,651.18. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 50,855 shares of company stock valued at $9,215,048. 10.80% of the stock is owned by insiders.

Institutional Investors Weigh In On Amazon.com

Institutional investors and hedge funds have recently made changes to their positions in the stock. Costello Asset Management INC increased its holdings in Amazon.com by 8.8% during the third quarter. Costello Asset Management INC now owns 38,080 shares of the e-commerce giant’s stock worth $7,095,000 after buying an additional 3,080 shares during the last quarter. Avid Wealth Partners LLC increased its stake in shares of Amazon.com by 3.9% during the 3rd quarter. Avid Wealth Partners LLC now owns 2,207 shares of the e-commerce giant’s stock worth $411,000 after purchasing an additional 83 shares during the last quarter. Ted Buchan & Co lifted its stake in Amazon.com by 4.0% in the 3rd quarter. Ted Buchan & Co now owns 15,298 shares of the e-commerce giant’s stock valued at $2,851,000 after purchasing an additional 593 shares during the last quarter. Covestor Ltd grew its holdings in Amazon.com by 1.8% during the third quarter. Covestor Ltd now owns 5,339 shares of the e-commerce giant’s stock worth $994,000 after purchasing an additional 95 shares during the period. Finally, 17 Capital Partners LLC increased its position in Amazon.com by 1.5% during the third quarter. 17 Capital Partners LLC now owns 10,502 shares of the e-commerce giant’s stock worth $1,957,000 after buying an additional 160 shares during the last quarter. 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.