Amazon.com (NASDAQ:AMZN) Now Covered by Maxim Group

Maxim Group assumed coverage on shares of Amazon.com (NASDAQ:AMZN) in a report published on Wednesday, Marketbeat.com reports. The brokerage issued a buy rating and a $218.00 price target on the e-commerce giant’s stock.

Several other brokerages have also commented on AMZN. DA Davidson upped their target price on Amazon.com from $200.00 to $235.00 and gave the company a buy rating in a research report on Wednesday, April 10th. Monness Crespi & Hardt upped their target price on Amazon.com from $170.00 to $215.00 and gave the company a buy rating in a research report on Friday, February 2nd. Deutsche Bank Aktiengesellschaft upped their target price on Amazon.com from $175.00 to $200.00 and gave the company a buy rating in a research report on Friday, February 2nd. Mizuho upped their target price on Amazon.com from $220.00 to $230.00 and gave the company a buy rating in a research report on Friday, February 2nd. Finally, Telsey Advisory Group reaffirmed an outperform rating and set a $200.00 price target on shares of Amazon.com in a research note on Wednesday, March 27th. One investment analyst has rated the stock with a hold rating, forty-four have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of Buy and a consensus target price of $202.80.

Amazon.com Trading Down 1.1 %

Shares of AMZN stock opened at $181.28 on Wednesday. The stock’s fifty day simple moving average is $177.09 and its 200 day simple moving average is $156.36. Amazon.com has a twelve month low of $101.15 and a twelve month high of $189.77. The firm has a market capitalization of $1.89 trillion, a P/E ratio of 62.51, a P/E/G ratio of 1.60 and a beta of 1.16. The company has a quick ratio of 0.84, a current ratio of 1.05 and a debt-to-equity ratio of 0.29.

Amazon.com (NASDAQ:AMZN) last released its quarterly earnings results on Thursday, February 1st. The e-commerce giant reported $1.00 EPS for the quarter, beating analysts’ consensus estimates of $0.81 by $0.19. Amazon.com had a return on equity of 16.61% and a net margin of 5.29%. The firm had revenue of $169.96 billion for the quarter, compared to analyst estimates of $165.96 billion. During the same quarter in the previous year, the company posted $0.21 EPS. The business’s revenue was up 13.9% on a year-over-year basis. As a group, sell-side analysts predict that Amazon.com will post 4.08 EPS for the current fiscal year.

Insiders Place Their Bets

In other Amazon.com news, CEO Adam Selipsky sold 500 shares of Amazon.com stock in a transaction dated Thursday, February 1st. The stock was sold at an average price of $155.72, for a total transaction of $77,860.00. Following the completion of the sale, the chief executive officer now owns 116,560 shares of the company’s stock, valued at $18,150,723.20. The sale was disclosed in a filing with the SEC, which is available at the SEC website. In other Amazon.com news, insider Jeffrey P. Bezos sold 5,998,849 shares of Amazon.com stock in a transaction dated Wednesday, February 7th. The stock was sold at an average price of $170.16, for a total transaction of $1,020,764,145.84. Following the completion of the sale, the insider now owns 982,252,968 shares of the company’s stock, valued at $167,140,165,034.88. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO Adam Selipsky sold 500 shares of the business’s stock in a transaction dated Thursday, February 1st. The shares were sold at an average price of $155.72, for a total value of $77,860.00. Following the completion of the sale, the chief executive officer now directly owns 116,560 shares of the company’s stock, valued at approximately $18,150,723.20. The disclosure for this sale can be found here. Insiders sold a total of 32,213,510 shares of company stock valued at $5,505,798,456 over the last 90 days. Insiders own 12.70% of the company’s stock.

Institutional Investors Weigh In On Amazon.com

A number of hedge funds and other institutional investors have recently modified their holdings of AMZN. Mayflower Financial Advisors LLC increased its holdings in Amazon.com by 0.3% during the 3rd quarter. Mayflower Financial Advisors LLC now owns 194,762 shares of the e-commerce giant’s stock valued at $25,000 after purchasing an additional 572 shares during the period. Cooksen Wealth LLC purchased a new position in Amazon.com during the 4th quarter valued at about $30,000. PayPay Securities Corp increased its holdings in Amazon.com by 54.3% during the 3rd quarter. PayPay Securities Corp now owns 267 shares of the e-commerce giant’s stock valued at $34,000 after purchasing an additional 94 shares during the period. Laurel Wealth Planning LLC increased its holdings in Amazon.com by 1,900.0% during the 2nd quarter. Laurel Wealth Planning LLC now owns 320 shares of the e-commerce giant’s stock valued at $34,000 after purchasing an additional 304 shares during the period. Finally, Sanctuary Wealth Management L.L.C. purchased a new position in Amazon.com during the 4th quarter valued at about $37,000. 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.