Deutsche Bank Aktiengesellschaft Issues Pessimistic Forecast for Amazon.com (NASDAQ:AMZN) Stock Price

Amazon.com (NASDAQ:AMZN) had its target price cut by investment analysts at Deutsche Bank Aktiengesellschaft from $287.00 to $206.00 in a research report issued to clients and investors on Monday, MarketBeat.com reports. The brokerage currently has a “buy” rating on the e-commerce giant’s stock. Deutsche Bank Aktiengesellschaft’s price objective would indicate a potential upside of 14.71% from the stock’s current price.

A number of other equities research analysts have also recently commented on AMZN. Tigress Financial increased their target price on Amazon.com from $245.00 to $290.00 and gave the company a “buy” rating in a report on Friday, December 20th. JPMorgan Chase & Co. cut their target price on shares of Amazon.com from $270.00 to $220.00 and set an “overweight” rating for the company in a research note on Tuesday, April 8th. Canaccord Genuity Group reaffirmed a “buy” rating on shares of Amazon.com in a research note on Thursday, February 13th. Bank of America cut their price objective on shares of Amazon.com from $257.00 to $225.00 and set a “buy” rating for the company in a research report on Wednesday, April 9th. Finally, Citigroup restated a “buy” rating on shares of Amazon.com in a research report on Thursday, April 3rd. Two analysts have rated the stock with a hold rating, forty-four have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $253.56.

Amazon.com Stock Down 1.4 %

Amazon.com stock opened at $179.59 on Monday. The firm has a market capitalization of $1.90 trillion, a price-to-earnings ratio of 32.48, a price-to-earnings-growth ratio of 1.50 and a beta of 1.39. 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 fifty-two week low of $151.61 and a fifty-two week high of $242.52. The stock’s fifty day moving average is $201.96 and its two-hundred day moving average is $208.30.

Amazon.com (NASDAQ:AMZN) last posted its earnings results on Thursday, February 6th. The e-commerce giant reported $1.86 earnings per share for the quarter, beating 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%. Analysts predict that Amazon.com will post 6.31 EPS for the current fiscal year.

Insider Transactions at Amazon.com

In other Amazon.com 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 sale, the chief executive officer now directly owns 509,474 shares in the company, valued at approximately $95,776,017.26. This trade represents a 0.49 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, VP Shelley Reynolds sold 8,833 shares of the business’s stock in a transaction on 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 transaction, the vice president now directly owns 119,780 shares of the company’s stock, valued at approximately $26,647,456.60. This trade represents a 6.87 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 104,798 shares of company stock worth $23,341,803. 10.80% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Amazon.com

Hedge funds and other institutional investors have recently made changes to their positions in the business. FMB Wealth Management increased its position in Amazon.com by 9.1% in the 1st quarter. FMB Wealth Management now owns 4,370 shares of the e-commerce giant’s stock valued at $831,000 after acquiring an additional 363 shares during the period. Yarger Wealth Strategies LLC grew its stake in shares of Amazon.com by 0.3% in the first quarter. Yarger Wealth Strategies LLC now owns 28,906 shares of the e-commerce giant’s stock worth $5,500,000 after purchasing an additional 89 shares in the last quarter. Net Worth Advisory Group increased its holdings in shares of Amazon.com by 12.0% during the first quarter. Net Worth Advisory Group now owns 12,937 shares of the e-commerce giant’s stock valued at $2,461,000 after purchasing an additional 1,385 shares during the period. Members Wealth LLC raised its stake in shares of Amazon.com by 4.9% during the first quarter. Members Wealth LLC now owns 7,636 shares of the e-commerce giant’s stock valued at $1,453,000 after purchasing an additional 358 shares in the last quarter. Finally, apricus wealth LLC lifted its holdings in Amazon.com by 13.2% in the first quarter. apricus wealth LLC now owns 3,433 shares of the e-commerce giant’s stock worth $653,000 after purchasing an additional 400 shares during the period. 72.20% of the stock is currently owned by institutional investors and hedge funds.

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.