Amazon.com (NASDAQ:AMZN) Receives Buy Rating from Benchmark

Amazon.com (NASDAQ:AMZN)‘s stock had its “buy” rating reaffirmed by equities researchers at Benchmark in a report issued on Wednesday, Benzinga reports. They presently have a $200.00 price target on the e-commerce giant’s stock. Benchmark’s price objective indicates a potential upside of 15.16% from the stock’s current price.

A number of other analysts have also issued reports on AMZN. Truist Financial increased their target price on Amazon.com from $195.00 to $216.00 and gave the company a “buy” rating in a report on Wednesday, April 17th. Robert W. Baird increased their target price on Amazon.com from $185.00 to $205.00 and gave the company an “outperform” rating in a report on Friday, February 2nd. The Goldman Sachs Group increased their target price on Amazon.com from $200.00 to $220.00 and gave the company a “buy” rating in a report on Friday, February 2nd. Wedbush increased their target price on Amazon.com from $220.00 to $225.00 and gave the company an “outperform” rating in a report on Wednesday. Finally, Barclays increased their target price on Amazon.com from $190.00 to $220.00 and gave the company an “overweight” rating in a report on Friday, February 2nd. One research analyst has rated the stock with a hold rating, forty-four have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Buy” and a consensus target price of $205.13.

Amazon.com Price Performance

Shares of NASDAQ:AMZN opened at $173.67 on Wednesday. Amazon.com has a one year low of $101.15 and a one year high of $189.77. The stock has a fifty day moving average of $177.79 and a 200-day moving average of $158.23. The company has a market capitalization of $1.80 trillion, a PE ratio of 59.89, a price-to-earnings-growth ratio of 1.56 and a beta of 1.16. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.84 and a current ratio of 1.05.

Amazon.com (NASDAQ:AMZN) last released its earnings results on Thursday, February 1st. The e-commerce giant reported $1.00 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.81 by $0.19. The company had revenue of $169.96 billion during the quarter, compared to analyst estimates of $165.96 billion. Amazon.com had a return on equity of 16.61% and a net margin of 5.29%. The company’s revenue for the quarter was up 13.9% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.21 earnings per share. As a group, equities analysts anticipate that Amazon.com will post 4.1 EPS for the current fiscal year.

Insider Activity

In other news, CEO Adam Selipsky sold 500 shares of the firm’s stock in a transaction dated Thursday, February 1st. The stock was sold at an average price of $155.72, for a total value of $77,860.00. Following the sale, the chief executive officer now directly owns 116,560 shares of the company’s stock, valued at $18,150,723.20. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. In other news, CEO Adam Selipsky sold 500 shares of the firm’s stock in a transaction dated Thursday, February 1st. The stock was sold at an average price of $155.72, for a total value of $77,860.00. Following the sale, the chief executive officer now directly owns 116,560 shares of the company’s stock, valued at $18,150,723.20. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO Andrew R. Jassy sold 50,000 shares of the firm’s stock in a transaction dated Friday, February 16th. The shares were sold at an average price of $168.65, for a total value of $8,432,500.00. Following the completion of the sale, the chief executive officer now directly owns 2,014,055 shares in the company, valued at $339,670,375.75. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 32,214,010 shares of company stock valued at $5,505,889,146. 10.30% of the stock is owned by insiders.

Institutional Investors Weigh In On Amazon.com

A number of institutional investors have recently added to or reduced their stakes in the company. Vanguard Group Inc. grew its position in Amazon.com by 1.7% during the fourth quarter. Vanguard Group Inc. now owns 771,086,427 shares of the e-commerce giant’s stock worth $117,158,872,000 after buying an additional 13,134,632 shares in the last quarter. FMR LLC grew its position in Amazon.com by 7.7% during the third quarter. FMR LLC now owns 302,101,441 shares of the e-commerce giant’s stock worth $38,403,135,000 after buying an additional 21,649,871 shares in the last quarter. Norges Bank acquired a new stake in Amazon.com during the fourth quarter worth about $17,700,551,000. Northern Trust Corp grew its position in Amazon.com by 3.7% during the third quarter. Northern Trust Corp now owns 92,329,336 shares of the e-commerce giant’s stock worth $11,736,905,000 after buying an additional 3,260,411 shares in the last quarter. Finally, Jennison Associates LLC grew its position in Amazon.com by 2.5% during the fourth quarter. Jennison Associates LLC now owns 56,371,051 shares of the e-commerce giant’s stock worth $8,565,017,000 after buying an additional 1,389,503 shares in the last quarter. 72.20% of the stock is owned by institutional investors and hedge funds.

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.