Amazon.com’s (AMZN) “Outperform” Rating Reiterated at Telsey Advisory Group

Telsey Advisory Group reissued their outperform rating on shares of Amazon.com (NASDAQ:AMZN) in a report released on Friday morning,Benzinga reports. Telsey Advisory Group currently has a $275.00 price objective on the e-commerce giant’s stock.

A number of other analysts have also issued reports on AMZN. Loop Capital raised their price target on Amazon.com from $225.00 to $275.00 and gave the stock a “buy” rating in a research note on Wednesday, November 6th. Moffett Nathanson boosted their target price on shares of Amazon.com from $235.00 to $248.00 and gave the company a “buy” rating in a report on Tuesday, November 26th. Raymond James upped their price target on shares of Amazon.com from $230.00 to $260.00 and gave the stock a “strong-buy” rating in a research report on Tuesday, January 21st. JPMorgan Chase & Co. lifted their price target on shares of Amazon.com from $250.00 to $280.00 and gave the company an “overweight” rating in a report on Wednesday, December 18th. Finally, Susquehanna upped 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. Two investment analysts have rated the stock with a hold rating, forty-two have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $260.20.

Amazon.com Price Performance

NASDAQ:AMZN opened at $229.15 on Friday. The firm has a market cap of $2.41 trillion, a price-to-earnings ratio of 41.44, a price-to-earnings-growth ratio of 1.36 and a beta of 1.15. Amazon.com has a 12-month low of $151.61 and a 12-month high of $242.52. The company has a current ratio of 1.09, a quick ratio of 0.87 and a debt-to-equity ratio of 0.21. The company’s 50-day moving average is $226.93 and its two-hundred day moving average is $200.72.

Amazon.com (NASDAQ:AMZN) last released its earnings results on Thursday, February 6th. The e-commerce giant reported $1.86 EPS for the quarter, topping the consensus estimate of $1.52 by $0.34. Amazon.com had a net margin of 9.29% and a return on equity of 25.49%. Research analysts expect that Amazon.com will post 6.24 EPS for the current year.

Insider Activity at Amazon.com

In other Amazon.com news, Director Daniel P. Huttenlocher sold 1,237 shares of the business’s stock in a transaction dated Tuesday, November 19th. The shares were sold at an average price of $199.06, for a total transaction of $246,237.22. Following the sale, the director now directly owns 24,912 shares in the company, valued at approximately $4,958,982.72. The trade was a 4.73 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Jonathan Rubinstein sold 4,351 shares of Amazon.com stock in a transaction on Monday, December 9th. The shares were sold at an average price of $229.85, for a total value of $1,000,077.35. Following the transaction, the director now owns 88,203 shares in the company, valued at approximately $20,273,459.55. This trade represents a 4.70 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 29,850 shares of company stock worth $6,168,581 in the last 90 days. 10.80% of the stock is currently owned by company insiders.

Institutional Trading of Amazon.com

Several institutional investors and hedge funds have recently added to or reduced their stakes in AMZN. State Street Corp raised its position in shares of Amazon.com by 3.3% during the third quarter. State Street Corp now owns 359,179,990 shares of the e-commerce giant’s stock worth $66,926,008,000 after purchasing an additional 11,370,309 shares during the period. Geode Capital Management LLC raised its stake in Amazon.com by 3.4% during the 3rd quarter. Geode Capital Management LLC now owns 199,915,046 shares of the e-commerce giant’s stock valued at $37,116,341,000 after purchasing an additional 6,545,944 shares during the period. Legal & General Group Plc lifted its holdings in shares of Amazon.com by 1.5% in the second quarter. Legal & General Group Plc now owns 69,686,374 shares of the e-commerce giant’s stock valued at $13,466,933,000 after purchasing an additional 1,042,177 shares in the last quarter. Bank of New York Mellon Corp grew its holdings in shares of Amazon.com by 0.8% during the fourth quarter. Bank of New York Mellon Corp now owns 67,092,427 shares of the e-commerce giant’s stock valued at $14,719,407,000 after buying an additional 545,292 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. raised its position in Amazon.com by 4.1% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 59,638,207 shares of the e-commerce giant’s stock valued at $13,084,026,000 after buying an additional 2,330,113 shares during the period. 72.20% of the stock is owned by institutional investors and hedge funds.

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.