Amazon.com’s (AMZN) “Overweight” Rating Reiterated at Piper Sandler

Piper Sandler restated their overweight rating on shares of Amazon.com (NASDAQ:AMZN) in a report released on Friday morning,Benzinga reports. They currently have a $265.00 target price on the e-commerce giant’s stock, up from their prior target price of $225.00.

Several other research firms also recently commented on AMZN. Wedbush reiterated an “outperform” rating and issued a $280.00 price objective (up previously from $260.00) on shares of Amazon.com in a research note on Monday, January 27th. Maxim Group upped their price objective on shares of Amazon.com from $251.00 to $260.00 and gave the company a “buy” rating in a report on Friday, November 1st. Jefferies Financial Group increased their target price on shares of Amazon.com from $235.00 to $275.00 and gave the stock a “buy” rating in a research report on Monday, December 16th. Stifel Nicolaus boosted their price target 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. Finally, Cantor Fitzgerald reaffirmed an “overweight” rating and issued a $270.00 price objective on shares of Amazon.com in a report on Wednesday, January 22nd. Two investment analysts have rated the stock with a hold rating, forty-two have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, Amazon.com currently has an average rating of “Moderate Buy” and a consensus price target of $260.20.

Amazon.com Stock Down 4.1 %

Shares of NASDAQ:AMZN opened at $229.15 on Friday. The company has a quick ratio of 0.87, a current ratio of 1.09 and a debt-to-equity ratio of 0.21. The business’s 50 day moving average is $226.93 and its 200 day moving average is $200.72. Amazon.com has a 12-month low of $151.61 and a 12-month high of $242.52. The stock has a market cap of $2.41 trillion, a price-to-earnings ratio of 41.44, a PEG ratio of 1.36 and a beta of 1.15.

Amazon.com (NASDAQ:AMZN) last announced its earnings results on Thursday, February 6th. The e-commerce giant reported $1.86 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.52 by $0.34. Amazon.com had a return on equity of 25.49% and a net margin of 9.29%. On average, sell-side analysts forecast that Amazon.com will post 6.24 earnings per share for the current fiscal year.

Insider Buying and Selling at Amazon.com

In other news, CEO Matthew S. Garman sold 15,260 shares of the stock in a transaction that occurred on Thursday, November 21st. The stock was sold at an average price of $200.19, for a total transaction of $3,054,899.40. Following the completion of the sale, the chief executive officer now owns 349,261 shares of the company’s stock, valued at approximately $69,918,559.59. This represents a 4.19 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Douglas J. Herrington sold 5,502 shares of the firm’s stock in a transaction that occurred on Friday, November 15th. The stock was sold at an average price of $205.81, for a total transaction of $1,132,366.62. Following the completion of the transaction, the chief executive officer now owns 518,911 shares in the company, valued at $106,797,072.91. This represents a 1.05 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 29,850 shares of company stock worth $6,168,581 over the last three months. Company insiders own 10.80% of the company’s stock.

Institutional Trading of Amazon.com

A number of institutional investors have recently modified their holdings of AMZN. Warwick Investment Management Inc. increased its holdings in Amazon.com by 2.9% during the 4th quarter. Warwick Investment Management Inc. now owns 8,829 shares of the e-commerce giant’s stock valued at $1,937,000 after purchasing an additional 246 shares during the period. Saturna Capital Corp grew its position in shares of Amazon.com by 1.8% in the 4th quarter. Saturna Capital Corp now owns 28,999 shares of the e-commerce giant’s stock worth $6,362,000 after buying an additional 505 shares during the last quarter. Summit X LLC increased its stake in shares of Amazon.com by 11.4% during the fourth quarter. Summit X LLC now owns 24,485 shares of the e-commerce giant’s stock valued at $5,372,000 after buying an additional 2,500 shares during the period. Wealth High Governance Capital Ltda increased its stake in shares of Amazon.com by 396.0% during the fourth quarter. Wealth High Governance Capital Ltda now owns 49,600 shares of the e-commerce giant’s stock valued at $10,882,000 after buying an additional 39,600 shares during the period. Finally, Windle Wealth LLC raised its holdings in shares of Amazon.com by 6.6% during the fourth quarter. Windle Wealth LLC now owns 12,884 shares of the e-commerce giant’s stock valued at $2,827,000 after acquiring an additional 800 shares in 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.