JMP Securities Issues Pessimistic Forecast for Amazon.com (NASDAQ:AMZN) Stock Price

Amazon.com (NASDAQ:AMZN) had its target price lowered by JMP Securities from $285.00 to $240.00 in a research note released on Monday morning,Benzinga reports. The brokerage currently has a market outperform rating on the e-commerce giant’s stock.

A number of other equities analysts have also commented on the stock. UBS Group raised their price target on shares of Amazon.com from $230.00 to $264.00 and gave the stock a “buy” rating in a research report on Monday, December 16th. Westpark Capital assumed coverage on shares of Amazon.com in a report on Tuesday, April 1st. They set a “buy” rating and a $280.00 target price on the stock. Wolfe Research boosted their price target on Amazon.com from $250.00 to $270.00 and gave the company an “outperform” rating in a research note on Friday, January 3rd. Scotiabank raised their price objective on Amazon.com from $246.00 to $306.00 and gave the stock a “sector outperform” rating in a research note on Friday, January 24th. Finally, Bank of America cut their target price on Amazon.com from $257.00 to $225.00 and set a “buy” rating for the company in a research report on Wednesday, April 9th. Two equities research analysts have rated the stock with a hold rating, forty-four have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $253.56.

Amazon.com Trading Down 1.6 %

Shares of NASDAQ:AMZN opened at $181.93 on Monday. Amazon.com has a 12-month low of $151.61 and a 12-month high of $242.52. The business has a 50 day moving average of $203.14 and a 200-day moving average of $208.50. The company has a quick ratio of 0.87, a current ratio of 1.06 and a debt-to-equity ratio of 0.18. The stock has a market cap of $1.93 trillion, a PE ratio of 32.90, a P/E/G ratio of 1.50 and a beta of 1.39.

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

Insider Activity at Amazon.com

In related news, CEO Douglas J. Herrington sold 2,500 shares of Amazon.com stock in a transaction dated Tuesday, April 1st. The stock was sold at an average price of $187.99, for a total value of $469,975.00. Following the completion of the sale, the chief executive officer now 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 legal filing with the SEC, which can be accessed through this hyperlink. Also, VP Shelley Reynolds sold 8,833 shares of the company’s stock in a transaction dated Friday, February 21st. The shares were sold at an average price of $222.47, for a total transaction of $1,965,077.51. Following the sale, the vice president now directly owns 119,780 shares in the company, valued at approximately $26,647,456.60. This trade represents a 6.87 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 104,798 shares of company stock worth $23,341,803. Insiders own 10.80% of the company’s stock.

Institutional Trading of Amazon.com

Several hedge funds and other institutional investors have recently modified their holdings of AMZN. Castlekeep Investment Advisors LLC bought a new stake in Amazon.com during the 4th quarter valued at $25,000. Accordant Advisory Group Inc grew its position in shares of Amazon.com by 400.0% in the fourth quarter. Accordant Advisory Group Inc now owns 125 shares of the e-commerce giant’s stock valued at $27,000 after purchasing an additional 100 shares in the last quarter. Prudent Man Investment Management Inc. bought a new stake in shares of Amazon.com during the 4th quarter valued at $27,000. Icon Wealth Advisors LLC lifted its holdings in Amazon.com by 20.5% during the 3rd quarter. Icon Wealth Advisors LLC now owns 150,661 shares of the e-commerce giant’s stock worth $28,000 after purchasing an additional 25,581 shares in the last quarter. Finally, LSV Asset Management bought a new position in Amazon.com in the 4th quarter worth about $35,000. 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.