Amazon.com (NASDAQ:AMZN) Stock Rating Reaffirmed by JMP Securities

Amazon.com (NASDAQ:AMZN)‘s stock had its “market outperform” rating restated by research analysts at JMP Securities in a report released on Wednesday, Benzinga reports. They presently have a $225.00 target price on the e-commerce giant’s stock. JMP Securities’ target price suggests a potential upside of 29.56% from the stock’s previous close.

Other research analysts have also recently issued research reports about the company. Wells Fargo & Company upped their price target on Amazon.com from $211.00 to $217.00 and gave the company an “overweight” rating in a research report on Monday, April 1st. The Goldman Sachs Group boosted their price objective on Amazon.com from $200.00 to $220.00 and gave the company a “buy” rating in a research note on Friday, February 2nd. Mizuho boosted their price objective on Amazon.com from $220.00 to $230.00 and gave the company a “buy” rating in a research note on Friday, February 2nd. Royal Bank of Canada boosted their price objective on Amazon.com from $180.00 to $215.00 and gave the company an “outperform” rating in a research note on Friday, February 2nd. Finally, Telsey Advisory Group reiterated an “outperform” rating and set a $200.00 price objective on shares of Amazon.com in a research note on Wednesday, March 27th. One equities research analyst has rated the stock with a hold rating, forty-four have issued a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Buy” and a consensus price target of $205.13.

Amazon.com Stock Down 1.7 %

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 company has a debt-to-equity ratio of 0.29, a current ratio of 1.05 and a quick ratio of 0.84. The business’s fifty day moving average price is $177.79 and its 200-day moving average price is $158.23. The stock has a market capitalization of $1.80 trillion, a PE ratio of 59.89, a P/E/G ratio of 1.56 and a beta of 1.16.

Amazon.com (NASDAQ:AMZN) last issued 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 analysts’ expectations of $165.96 billion. During the same quarter in the prior year, the firm earned $0.21 EPS. The business’s revenue for the quarter was up 13.9% compared to the same quarter last year. On average, equities research analysts anticipate that Amazon.com will post 4.1 EPS for the current year.

Insiders Place Their Bets

In other news, insider Jeffrey P. Bezos sold 5,998,849 shares of the stock in a transaction that occurred on Wednesday, February 7th. The stock was sold at an average price of $170.16, for a total value of $1,020,764,145.84. Following the completion of the transaction, the insider now owns 982,252,968 shares of the company’s stock, valued at approximately $167,140,165,034.88. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, insider Jeffrey P. Bezos sold 5,998,849 shares of the firm’s stock in a transaction that occurred on 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 transaction, the insider now owns 982,252,968 shares of the company’s stock, valued at approximately $167,140,165,034.88. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, CEO Douglas J. Herrington sold 20,200 shares of the firm’s stock in a transaction that occurred on Wednesday, February 7th. The shares were sold at an average price of $169.99, for a total value of $3,433,798.00. Following the transaction, the chief executive officer now directly owns 514,131 shares of the company’s stock, valued at approximately $87,397,128.69. The disclosure for this sale can be found here. In the last 90 days, insiders sold 32,214,010 shares of company stock worth $5,505,889,146. 10.30% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Capital City Trust Co. FL increased its holdings in shares of Amazon.com by 1.5% in the 3rd quarter. Capital City Trust Co. FL now owns 53,923 shares of the e-commerce giant’s stock worth $6,855,000 after purchasing an additional 771 shares in the last quarter. Essex Savings Bank increased its holdings in shares of Amazon.com by 2.8% in the 3rd quarter. Essex Savings Bank now owns 26,332 shares of the e-commerce giant’s stock worth $3,347,000 after purchasing an additional 706 shares in the last quarter. Geometric Wealth Advisors increased its holdings in shares of Amazon.com by 2.4% in the 3rd quarter. Geometric Wealth Advisors now owns 6,695 shares of the e-commerce giant’s stock worth $851,000 after purchasing an additional 155 shares in the last quarter. BCS Wealth Management bought a new stake in shares of Amazon.com in the 3rd quarter worth $1,335,000. Finally, Northwest Investment Counselors LLC increased its holdings in shares of Amazon.com by 0.6% in the 3rd quarter. Northwest Investment Counselors LLC now owns 23,131 shares of the e-commerce giant’s stock worth $2,940,000 after purchasing an additional 146 shares in the last quarter. 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.