Amazon.com (NASDAQ:AMZN) Given New $250.00 Price Target at Needham & Company LLC

Amazon.com (NASDAQ:AMZN) had its target price increased by stock analysts at Needham & Company LLC from $210.00 to $250.00 in a report released on Thursday, Marketbeat Ratings reports. The brokerage currently has a “buy” rating on the e-commerce giant’s stock. Needham & Company LLC’s price objective would suggest a potential upside of 23.39% from the company’s current price.

AMZN has been the topic of a number of other research reports. Maxim Group boosted their target price on Amazon.com from $251.00 to $260.00 and gave the company a “buy” rating in a research report on Friday, November 1st. BMO Capital Markets reiterated an “outperform” rating and issued a $236.00 price objective (up previously from $230.00) on shares of Amazon.com in a report on Friday, November 1st. UBS Group raised their target price on Amazon.com from $220.00 to $223.00 and gave the company a “buy” rating in a report on Monday, October 28th. Stifel Nicolaus boosted their price target on shares of Amazon.com from $224.00 to $245.00 and gave the stock a “buy” rating in a research note on Friday, November 1st. Finally, Pivotal Research began coverage on shares of Amazon.com in a research note on Friday, October 11th. They issued a “buy” rating and a $260.00 price objective for the company. 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. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $235.45.

Amazon.com Stock Performance

Amazon.com stock opened at $202.61 on Thursday. The firm has a 50 day simple moving average of $190.54 and a 200-day simple moving average of $185.54. The stock has a market cap of $2.13 trillion, a price-to-earnings ratio of 43.39, a price-to-earnings-growth ratio of 1.44 and a beta of 1.14. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.09 and a quick ratio of 0.87. Amazon.com has a 1-year low of $139.52 and a 1-year high of $215.90.

Amazon.com (NASDAQ:AMZN) last released its quarterly earnings results on Thursday, October 31st. The e-commerce giant reported $1.43 earnings per share for the quarter, topping analysts’ consensus estimates of $1.14 by $0.29. The business had revenue of $158.88 billion during the quarter, compared to analysts’ expectations of $157.28 billion. Amazon.com had a return on equity of 22.41% and a net margin of 8.04%. The company’s revenue was up 11.0% compared to the same quarter last year. During the same period in the prior year, the business posted $0.85 EPS. On average, analysts expect that Amazon.com will post 5.27 EPS for the current year.

Insider Transactions at Amazon.com

In other Amazon.com news, CEO Andrew R. Jassy sold 20,784 shares of the company’s stock in a transaction dated Wednesday, August 21st. The shares were sold at an average price of $180.77, for a total value of $3,757,123.68. Following the transaction, the chief executive officer now directly owns 2,056,534 shares in the company, valued at approximately $371,759,651.18. This represents a 1.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Jeffrey P. Bezos sold 2,996,362 shares of the firm’s stock in a transaction on Monday, November 11th. The stock was sold at an average price of $206.75, for a total value of $619,497,843.50. Following the sale, the insider now owns 914,420,614 shares in the company, valued at $189,056,461,944.50. This trade represents a 0.33 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 6,053,349 shares of company stock valued at $1,256,503,289 in the last ninety days. 10.80% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of the stock. Greenwood Gearhart Inc. increased its holdings in shares of Amazon.com by 9.6% during the 3rd quarter. Greenwood Gearhart Inc. now owns 112,410 shares of the e-commerce giant’s stock worth $20,945,000 after buying an additional 9,880 shares during the last quarter. Valued Retirements Inc. acquired a new position in shares of Amazon.com in the third quarter worth about $858,000. 3Chopt Investment Partners LLC boosted its stake in shares of Amazon.com by 0.4% during the 3rd quarter. 3Chopt Investment Partners LLC now owns 16,338 shares of the e-commerce giant’s stock valued at $3,044,000 after buying an additional 65 shares during the last quarter. Disciplined Growth Investors Inc. MN acquired a new position in Amazon.com during the 3rd quarter worth $235,000. Finally, Frisch Financial Group Inc. increased its holdings in shares of Amazon.com by 10.4% in the 3rd quarter. Frisch Financial Group Inc. now owns 29,957 shares of the e-commerce giant’s stock valued at $5,582,000 after acquiring an additional 2,831 shares during the last quarter. 72.20% of the stock is currently owned by hedge funds and other institutional investors.

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.