Amazon.com (NASDAQ:AMZN) PT Lowered to $135.00 at JPMorgan Chase & Co.

Amazon.com (NASDAQ:AMZN) had its price target lowered by JPMorgan Chase & Co. from $142.00 to $135.00 in a report released on Thursday, Benzinga reports. JPMorgan Chase & Co. currently has an overweight rating on the e-commerce giant’s stock.

Other research analysts also recently issued research reports about the company. The Goldman Sachs Group lowered their target price on Amazon.com from $165.00 to $145.00 and set a buy rating on the stock in a report on Friday, January 13th. Wolfe Research increased their target price on Amazon.com from $115.00 to $130.00 in a report on Friday, February 3rd. Roth Capital reissued a buy rating on shares of Amazon.com in a report on Friday, February 3rd. Cowen raised their price objective on Amazon.com from $150.00 to $160.00 and gave the stock an outperform rating in a research note on Thursday, December 1st. Finally, Wells Fargo & Company decreased their price objective on Amazon.com from $155.00 to $145.00 in a research note on Friday, February 3rd. Two research analysts have rated the stock with a sell rating, three have issued a hold rating and forty-one have assigned a buy rating to the stock. According to MarketBeat, the company has an average rating of Moderate Buy and a consensus target price of $144.72.

Amazon.com Stock Down 1.1 %

Amazon.com stock opened at $98.95 on Thursday. Amazon.com has a one year low of $81.43 and a one year high of $170.83. The business’s fifty day moving average is $97.01 and its 200 day moving average is $101.53. The company has a quick ratio of 0.72, a current ratio of 0.94 and a debt-to-equity ratio of 0.46.

Amazon.com (NASDAQ:AMZN – Get Rating) last posted its earnings results on Thursday, February 2nd. The e-commerce giant reported $0.03 earnings per share for the quarter, missing analysts’ consensus estimates of $0.15 by ($0.12). Amazon.com had a negative net margin of 0.53% and a positive return on equity of 5.33%. The firm had revenue of $149.20 billion during the quarter, compared to the consensus estimate of $145.72 billion. During the same period in the prior year, the company posted $1.39 EPS. The firm’s revenue was up 8.6% compared to the same quarter last year. Equities analysts anticipate that Amazon.com will post 1.34 earnings per share for the current fiscal year.

Insider Buying and Selling at Amazon.com

In other Amazon.com news, CEO Adam Selipsky sold 5,100 shares of Amazon.com stock in a transaction on Thursday, February 2nd. The stock was sold at an average price of $111.43, for a total transaction of $568,293.00. Following the completion of the sale, the chief executive officer now directly owns 124,180 shares of the company’s stock, valued at approximately $13,837,377.40. The sale was disclosed in a filing with the SEC, which is available at the SEC website. In other Amazon.com news, CEO Adam Selipsky sold 5,100 shares of Amazon.com stock in a transaction on Thursday, February 2nd. The stock was sold at an average price of $111.43, for a total transaction of $568,293.00. Following the completion of the sale, the chief executive officer now directly owns 124,180 shares of the company’s stock, valued at approximately $13,837,377.40. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, VP Shelley Reynolds sold 3,500 shares of Amazon.com stock in a transaction on Tuesday, February 21st. The shares were sold at an average price of $94.91, for a total value of $332,185.00. Following the sale, the vice president now directly owns 119,780 shares of the company’s stock, valued at $11,368,319.80. The disclosure for this sale can be found here. Insiders sold a total of 71,394 shares of company stock valued at $6,994,626 in the last ninety days. Corporate insiders own 12.70% of the company’s stock.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in the stock. Meridian Investment Counsel Inc. raised its position in shares of Amazon.com by 3.4% in the 1st quarter. Meridian Investment Counsel Inc. now owns 151 shares of the e-commerce giant’s stock worth $492,000 after acquiring an additional 5 shares in the last quarter. Alterna Wealth Management Inc. raised its position in shares of Amazon.com by 1.8% in the 1st quarter. Alterna Wealth Management Inc. now owns 289 shares of the e-commerce giant’s stock worth $942,000 after acquiring an additional 5 shares in the last quarter. Fiduciary Planning LLC raised its position in shares of Amazon.com by 1.5% in the 1st quarter. Fiduciary Planning LLC now owns 349 shares of the e-commerce giant’s stock worth $1,138,000 after acquiring an additional 5 shares in the last quarter. HBC Financial Services PLLC raised its position in shares of Amazon.com by 0.8% in the 1st quarter. HBC Financial Services PLLC now owns 616 shares of the e-commerce giant’s stock worth $1,717,000 after acquiring an additional 5 shares in the last quarter. Finally, Archetype Wealth Partners grew its stake in Amazon.com by 3.7% during the 1st quarter. Archetype Wealth Partners now owns 169 shares of the e-commerce giant’s stock worth $552,000 after buying an additional 6 shares during the last quarter. 57.64% of the stock is owned by institutional investors.

About Amazon.com

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Amazon.com, Inc is a multinational technology company, which engages in the provision of online retail shopping services. It operates through the following segments: North America, International, and Amazon Web Services (AWS). The North America segment is involved in the retail sales of consumer products including from sellers and subscriptions through North America-focused online and physical stores.