Amazon.com (NASDAQ:AMZN) Receives Market Outperform Rating from JMP Securities

JMP Securities restated their market outperform rating on shares of Amazon.com (NASDAQ:AMZN) in a report released on Monday,Benzinga reports. They currently have a $285.00 price target on the e-commerce giant’s stock.

Several other analysts have also commented on the company. Susquehanna lifted their price objective on Amazon.com from $220.00 to $230.00 and gave the stock a “positive” rating in a report on Friday, November 1st. Moffett Nathanson lifted their target price on Amazon.com from $235.00 to $248.00 and gave the company a “buy” rating in a research report on Tuesday, November 26th. Sanford C. Bernstein lifted their target price on Amazon.com from $225.00 to $235.00 and gave the company an “outperform” rating in a research report on Friday, November 1st. Bank of America lifted their target price on Amazon.com from $210.00 to $230.00 and gave the company a “buy” rating in a research report on Friday, November 1st. Finally, TD Cowen lifted their target price on Amazon.com from $240.00 to $265.00 and gave the company a “buy” rating in a research report on Thursday, December 12th. Two research analysts have rated the stock with a hold rating, forty-one have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, Amazon.com presently has an average rating of “Moderate Buy” and a consensus price target of $240.67.

Amazon.com Stock Performance

Shares of AMZN opened at $232.93 on Monday. 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 one year low of $144.05 and a one year high of $233.00. The firm has a market capitalization of $2.45 trillion, a P/E ratio of 49.88, a PEG ratio of 1.54 and a beta of 1.16. The business has a fifty day moving average of $202.70 and a 200 day moving average of $190.16.

Amazon.com (NASDAQ:AMZN) last issued its quarterly earnings data on Thursday, October 31st. The e-commerce giant reported $1.43 EPS for the quarter, topping the consensus estimate of $1.14 by $0.29. Amazon.com had a return on equity of 22.41% and a net margin of 8.04%. The company had revenue of $158.88 billion during the quarter, compared to analyst estimates of $157.28 billion. During the same quarter in the previous year, the company posted $0.85 earnings per share. Amazon.com’s revenue was up 11.0% compared to the same quarter last year. As a group, sell-side analysts anticipate that Amazon.com will post 5.29 EPS for the current year.

Insider Activity

In related news, Director Jonathan Rubinstein sold 4,351 shares of the business’s stock in a transaction that occurred on Monday, December 9th. The stock was sold at an average price of $229.85, for a total value of $1,000,077.35. Following the completion of the sale, the director now owns 88,203 shares in the company, valued at approximately $20,273,459.55. The trade was a 4.70 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Douglas J. Herrington sold 3,500 shares of the business’s stock in a transaction that occurred on Monday, December 2nd. The shares were sold at an average price of $210.00, for a total value of $735,000.00. Following the completion of the sale, the chief executive officer now owns 524,567 shares of the company’s stock, valued at $110,159,070. The trade was a 0.66 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 6,034,534 shares of company stock valued at $1,253,883,872. 10.80% of the stock is currently owned by insiders.

Institutional Trading of Amazon.com

Several hedge funds and other institutional investors have recently made changes to their positions in AMZN. City State Bank lifted its holdings in shares of Amazon.com by 1.7% during the 2nd quarter. City State Bank now owns 15,770 shares of the e-commerce giant’s stock valued at $3,048,000 after purchasing an additional 270 shares during the last quarter. Monterey Private Wealth Inc. lifted its holdings in shares of Amazon.com by 6.5% during the 2nd quarter. Monterey Private Wealth Inc. now owns 12,288 shares of the e-commerce giant’s stock valued at $2,375,000 after purchasing an additional 755 shares during the last quarter. Lynx Investment Advisory purchased a new stake in shares of Amazon.com during the 2nd quarter valued at $2,609,000. New England Research & Management Inc. increased its position in shares of Amazon.com by 7.4% in the 2nd quarter. New England Research & Management Inc. now owns 10,109 shares of the e-commerce giant’s stock valued at $1,954,000 after acquiring an additional 696 shares during the period. Finally, Marion Wealth Management increased its position in shares of Amazon.com by 9.4% in the 2nd quarter. Marion Wealth Management now owns 4,911 shares of the e-commerce giant’s stock valued at $949,000 after acquiring an additional 422 shares during the period. Hedge funds and other institutional investors own 72.20% of the company’s stock.

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.