Amazon.com (NASDAQ:AMZN) Stock Rating Reaffirmed by Telsey Advisory Group

Amazon.com (NASDAQ:AMZN)‘s stock had its “outperform” rating reaffirmed by stock analysts at Telsey Advisory Group in a research report issued to clients and investors on Thursday, Benzinga reports. They presently have a $200.00 price objective on the e-commerce giant’s stock. Telsey Advisory Group’s price objective would suggest a potential upside of 11.35% from the stock’s previous close.

A number of other research firms have also recently issued reports on AMZN. Maxim Group began coverage on shares of Amazon.com in a research note on Wednesday, April 17th. They issued a “buy” rating and a $218.00 price target on the stock. UBS Group lifted their price target on shares of Amazon.com from $180.00 to $198.00 and gave the company a “buy” rating in a research note on Friday, February 2nd. Truist Financial lifted their price target on shares of Amazon.com from $195.00 to $216.00 and gave the company a “buy” rating in a research note on Wednesday, April 17th. Benchmark reissued a “buy” rating and issued a $200.00 price target on shares of Amazon.com in a research note on Wednesday. Finally, Deutsche Bank Aktiengesellschaft lifted their price target on shares of Amazon.com from $175.00 to $200.00 and gave the company a “buy” rating in a research note on Friday, February 2nd. One investment 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’s stock. Based on data from MarketBeat, the company has a consensus rating of “Buy” and an average price target of $205.13.

Amazon.com Price Performance

Shares of NASDAQ AMZN opened at $179.62 on Thursday. The stock has a market capitalization of $1.87 trillion, a price-to-earnings ratio of 61.94, a PEG ratio of 1.53 and a beta of 1.16. Amazon.com has a 12 month low of $101.15 and a 12 month high of $189.77. The firm’s 50 day simple moving average is $177.99 and its 200-day simple moving average is $158.59. The company has a debt-to-equity ratio of 0.29, a current ratio of 1.05 and a quick ratio of 0.84.

Amazon.com (NASDAQ:AMZN) last issued its quarterly earnings data on Thursday, February 1st. The e-commerce giant reported $1.00 EPS for the quarter, topping analysts’ consensus estimates of $0.81 by $0.19. The business had revenue of $169.96 billion for the quarter, compared to analysts’ expectations of $165.96 billion. Amazon.com had a net margin of 5.29% and a return on equity of 16.61%. The business’s revenue was up 13.9% on a year-over-year basis. During the same quarter last year, the company earned $0.21 EPS. Analysts expect that Amazon.com will post 4.1 EPS for the current year.

Insider Activity at Amazon.com

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 value of $77,860.00. Following the completion of the transaction, the chief executive officer now directly owns 116,560 shares of the company’s stock, valued at approximately $18,150,723.20. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. 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 value of $1,020,764,145.84. Following the completion of the transaction, the insider now directly 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 is accessible through this hyperlink. Also, CEO Adam Selipsky sold 500 shares of Amazon.com 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 transaction, the chief executive officer now directly owns 116,560 shares of the company’s stock, valued at $18,150,723.20. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 32,214,010 shares of company stock worth $5,505,889,146. Company insiders own 10.30% of the company’s stock.

Hedge Funds Weigh In On Amazon.com

Several institutional investors have recently bought and sold shares of AMZN. Norges Bank acquired a new position in Amazon.com in the 4th quarter valued at about $17,700,551,000. Vanguard Group Inc. grew its position in shares of Amazon.com by 4.4% during the third quarter. Vanguard Group Inc. now owns 757,951,795 shares of the e-commerce giant’s stock worth $96,350,832,000 after buying an additional 32,038,029 shares in the last quarter. International Assets Investment Management LLC grew its position in shares of Amazon.com by 16,029.3% during the fourth quarter. International Assets Investment Management LLC now owns 23,865,216 shares of the e-commerce giant’s stock worth $36,260,810,000 after buying an additional 23,717,254 shares in the last quarter. FMR LLC grew its position in shares of 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. Finally, Jennison Associates LLC grew its position in shares of Amazon.com by 28.4% during the third quarter. Jennison Associates LLC now owns 54,981,548 shares of the e-commerce giant’s stock worth $6,989,254,000 after buying an additional 12,176,114 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.