Amazon.com, Inc. (NASDAQ:AMZN) Receives Average Recommendation of “Moderate Buy” from Brokerages

Amazon.com, Inc. (NASDAQ:AMZN) has been assigned a consensus recommendation of “Moderate Buy” from the forty-four analysts that are currently covering the stock, Marketbeat Ratings reports. Two equities research analysts have rated the stock with a hold recommendation, forty-one have issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average twelve-month price target among brokerages that have issued ratings on the stock in the last year is $238.87.

Several equities research analysts have weighed in on AMZN shares. TD Cowen raised their price objective on shares of Amazon.com from $240.00 to $265.00 and gave the company a “buy” rating in a research report on Thursday. Stifel Nicolaus raised their price objective on shares of Amazon.com from $224.00 to $245.00 and gave the company a “buy” rating in a research report on Friday, November 1st. Loop Capital raised their price objective on shares of Amazon.com from $225.00 to $275.00 and gave the company a “buy” rating in a research report on Wednesday, November 6th. Morgan Stanley raised their price objective on shares of Amazon.com from $210.00 to $230.00 and gave the company an “overweight” rating in a research report on Monday, November 4th. Finally, Monness Crespi & Hardt raised their price objective on shares of Amazon.com from $225.00 to $245.00 and gave the company a “buy” rating in a research report on Friday, November 1st.

Amazon.com Trading Down 0.7 %

Shares of AMZN stock opened at $227.46 on Friday. Amazon.com has a 12-month low of $144.05 and a 12-month high of $231.20. The company has a market capitalization of $2.39 trillion, a P/E ratio of 48.71, a P/E/G ratio of 1.54 and a beta of 1.16. The firm has a 50-day moving average price of $200.84 and a 200 day moving average price of $189.35. The company has a quick ratio of 0.87, a current ratio of 1.09 and a debt-to-equity ratio of 0.21.

Amazon.com (NASDAQ:AMZN) last announced its quarterly earnings results on Thursday, October 31st. The e-commerce giant reported $1.43 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.14 by $0.29. Amazon.com had a net margin of 8.04% and a return on equity of 22.41%. The firm had revenue of $158.88 billion during the quarter, compared to the consensus estimate of $157.28 billion. During the same period last year, the firm posted $0.85 EPS. The firm’s quarterly revenue was up 11.0% on a year-over-year basis. Research analysts forecast that Amazon.com will post 5.29 earnings per share for the current fiscal year.

Insider Buying and Selling at Amazon.com

In related news, SVP David Zapolsky sold 2,190 shares of the company’s stock in a transaction dated Tuesday, September 24th. The shares were sold at an average price of $195.00, for a total value of $427,050.00. Following the transaction, the senior vice president now directly owns 62,420 shares in the company, valued at approximately $12,171,900. This represents a 3.39 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Jonathan Rubinstein sold 5,004 shares of the company’s stock in a transaction dated Friday, November 1st. The shares were sold at an average price of $199.85, for a total transaction of $1,000,049.40. Following the completion of the transaction, the director now owns 99,396 shares in the company, valued at $19,864,290.60. This trade represents a 4.79 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 6,034,534 shares of company stock worth $1,253,883,872 over the last ninety days. Insiders own 10.80% of the company’s stock.

Institutional Investors Weigh In On Amazon.com

Several institutional investors and hedge funds have recently bought and sold shares of the company. Legacy Wealth Management LLC MS lifted its position in Amazon.com by 75.7% during the third quarter. Legacy Wealth Management LLC MS now owns 12,922 shares of the e-commerce giant’s stock worth $2,408,000 after purchasing an additional 5,567 shares during the period. Alternative Investment Advisors LLC. lifted its position in Amazon.com by 2.2% during the third quarter. Alternative Investment Advisors LLC. now owns 10,164 shares of the e-commerce giant’s stock worth $1,894,000 after purchasing an additional 215 shares during the period. DGS Capital Management LLC lifted its position in Amazon.com by 4.3% during the third quarter. DGS Capital Management LLC now owns 25,410 shares of the e-commerce giant’s stock worth $4,735,000 after purchasing an additional 1,039 shares during the period. Copley Financial Group Inc. bought a new stake in Amazon.com during the third quarter worth about $705,000. Finally, Milestone Resources Group Ltd lifted its position in Amazon.com by 31.9% during the third quarter. Milestone Resources Group Ltd now owns 1,183,916 shares of the e-commerce giant’s stock worth $220,599,000 after purchasing an additional 286,141 shares during the period. 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.