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

Shares of Amazon.com, Inc. (NASDAQ:AMZN) have earned an average recommendation of “Moderate Buy” from the forty-three ratings firms that are covering the firm, Marketbeat Ratings reports. Two equities research analysts have rated the stock with a hold rating, forty have assigned a buy rating and one has issued a strong buy rating on the company. The average 1 year price objective among analysts that have updated their coverage on the stock in the last year is $235.45.

Several equities analysts have recently weighed in on AMZN shares. DA Davidson reaffirmed a “buy” rating and set a $235.00 target price on shares of Amazon.com in a report on Thursday, October 10th. JPMorgan Chase & Co. boosted their price objective on shares of Amazon.com from $230.00 to $250.00 and gave the company an “overweight” rating in a report on Friday, November 1st. Susquehanna boosted their price target on shares of Amazon.com from $220.00 to $230.00 and gave the stock a “positive” rating in a research note on Friday, November 1st. Evercore ISI boosted their price target on shares of Amazon.com from $240.00 to $260.00 and gave the stock an “outperform” rating in a research note on Friday, November 1st. Finally, Rosenblatt Securities upped their target price on shares of Amazon.com from $221.00 to $236.00 and gave the stock a “buy” rating in a research note on Friday, November 1st.

Amazon.com Price Performance

Amazon.com stock opened at $201.70 on Tuesday. The firm has a 50-day moving average price of $191.69 and a 200-day moving average price of $185.93. The firm has a market capitalization of $2.12 trillion, a PE ratio of 43.19, a price-to-earnings-growth ratio of 1.36 and a beta of 1.14. The company has a current ratio of 1.09, a quick ratio of 0.87 and a debt-to-equity ratio of 0.21. Amazon.com has a 12-month low of $141.50 and a 12-month high of $215.90.

Amazon.com (NASDAQ:AMZN) last posted its earnings results on Thursday, October 31st. The e-commerce giant reported $1.43 EPS for the quarter, beating analysts’ consensus estimates of $1.14 by $0.29. Amazon.com had a net margin of 8.04% and a return on equity of 22.41%. The business had revenue of $158.88 billion for the quarter, compared to the consensus estimate of $157.28 billion. During the same quarter last year, the firm posted $0.85 EPS. The company’s revenue for the quarter was up 11.0% on a year-over-year basis. As a group, equities research analysts forecast that Amazon.com will post 5.27 EPS for the current year.

Insiders Place Their Bets

In other Amazon.com news, VP Shelley Reynolds sold 3,791 shares of the company’s stock in a transaction dated Wednesday, August 21st. The shares were sold at an average price of $181.04, for a total value of $686,322.64. Following the sale, the vice president now owns 121,461 shares in the company, valued at approximately $21,989,299.44. This represents a 3.03 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Andrew R. Jassy sold 20,784 shares of the company’s stock in a transaction that occurred on Wednesday, August 21st. The stock was sold at an average price of $180.77, for a total transaction of $3,757,123.68. Following the completion of the transaction, the chief executive officer now owns 2,056,534 shares in the company, valued at approximately $371,759,651.18. This represents a 1.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 6,053,349 shares of company stock valued at $1,256,503,289 over the last three months. Insiders own 10.80% of the company’s stock.

Institutional Trading of Amazon.com

A number of hedge funds and other institutional investors have recently modified their holdings of AMZN. Soltis Investment Advisors LLC raised its holdings in shares of Amazon.com by 2.1% in the 3rd quarter. Soltis Investment Advisors LLC now owns 122,716 shares of the e-commerce giant’s stock valued at $22,866,000 after purchasing an additional 2,570 shares in the last quarter. Rehmann Capital Advisory Group boosted its holdings in shares of Amazon.com by 2.1% in the 3rd quarter. Rehmann Capital Advisory Group now owns 62,676 shares of the e-commerce giant’s stock valued at $11,694,000 after acquiring an additional 1,261 shares during the last quarter. TD Private Client Wealth LLC boosted its holdings in Amazon.com by 5.7% during the third quarter. TD Private Client Wealth LLC now owns 144,339 shares of the e-commerce giant’s stock worth $26,895,000 after buying an additional 7,833 shares in the last quarter. Fortem Financial Group LLC boosted its holdings in Amazon.com by 29.1% during the third quarter. Fortem Financial Group LLC now owns 19,550 shares of the e-commerce giant’s stock worth $3,643,000 after buying an additional 4,412 shares in the last quarter. Finally, Asset Allocation Strategies LLC boosted its holdings in Amazon.com by 2.2% during the third quarter. Asset Allocation Strategies LLC now owns 3,491 shares of the e-commerce giant’s stock worth $650,000 after buying an additional 76 shares in the last quarter. 72.20% of the stock is 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.