Amazon.com (NASDAQ:AMZN) Given “Overweight” Rating at Cantor Fitzgerald

Amazon.com (NASDAQ:AMZN)‘s stock had its “overweight” rating reiterated by stock analysts at Cantor Fitzgerald in a research note issued to investors on Wednesday,Benzinga reports. They presently have a $270.00 price objective on the e-commerce giant’s stock. Cantor Fitzgerald’s target price indicates a potential upside of 15.12% from the stock’s current price.

AMZN has been the subject of several other reports. Jefferies Financial Group lifted their price target on Amazon.com from $235.00 to $275.00 and gave the stock a “buy” rating in a report on Monday, December 16th. Scotiabank raised their price objective on Amazon.com from $245.00 to $246.00 and gave the stock a “sector outperform” rating in a research note on Friday, November 1st. Wedbush raised their price objective on Amazon.com from $250.00 to $260.00 and gave the stock an “outperform” rating in a research note on Monday, January 6th. DA Davidson restated a “buy” rating and set a $235.00 price objective on shares of Amazon.com in a research note on Thursday, October 10th. Finally, Benchmark lifted their price target on Amazon.com from $200.00 to $215.00 and gave the company a “buy” rating in a research note on Friday, November 1st. Two analysts have rated the stock with a hold rating, forty-two have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $247.72.

Amazon.com Stock Up 1.7 %

NASDAQ AMZN traded up $3.82 during trading hours on Wednesday, hitting $234.53. 14,329,245 shares of the company traded hands, compared to its average volume of 29,756,539. The business’s 50-day moving average is $218.73 and its 200-day moving average is $196.68. Amazon.com has a twelve month low of $151.61 and a twelve month high of $235.44. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.87 and a current ratio of 1.09. The stock has a market capitalization of $2.47 trillion, a price-to-earnings ratio of 50.20, a P/E/G ratio of 1.26 and a beta of 1.14.

Amazon.com (NASDAQ:AMZN) last released its quarterly earnings data on Thursday, October 31st. The e-commerce giant reported $1.43 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.14 by $0.29. Amazon.com had a return on equity of 22.41% and a net margin of 8.04%. The company had revenue of $158.88 billion during the quarter, compared to analysts’ expectations of $157.28 billion. During the same period last year, the firm posted $0.85 earnings per share. The business’s revenue was up 11.0% on a year-over-year basis. Sell-side analysts anticipate that Amazon.com will post 5.39 earnings per share for the current year.

Insider Activity at Amazon.com

In other Amazon.com news, Director Daniel P. Huttenlocher sold 1,237 shares of the stock in a transaction on Tuesday, November 19th. The stock was sold at an average price of $199.06, for a total transaction of $246,237.22. Following the sale, the director now owns 24,912 shares in the company, valued at $4,958,982.72. This represents a 4.73 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Jeffrey P. Bezos sold 2,996,362 shares of the stock in a transaction on Friday, November 8th. The stock was sold at an average price of $208.85, for a total value of $625,790,203.70. Following the sale, the insider now owns 917,416,976 shares in the company, valued at approximately $191,602,535,437.60. This represents a 0.33 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 6,032,344 shares of company stock worth $1,253,456,822. Insiders own 10.80% of the company’s stock.

Institutional Investors Weigh In On Amazon.com

Large investors have recently added to or reduced their stakes in the business. PayPay Securities Corp boosted its stake in Amazon.com by 64.6% during the second quarter. PayPay Securities Corp now owns 163 shares of the e-commerce giant’s stock valued at $32,000 after buying an additional 64 shares during the period. Hoese & Co LLP bought a new stake in Amazon.com during the third quarter valued at $37,000. Bull Oak Capital LLC bought a new stake in Amazon.com during the third quarter valued at $45,000. Values First Advisors Inc. purchased a new stake in Amazon.com during the third quarter valued at about $56,000. Finally, IFS Advisors LLC raised its position in Amazon.com by 1,625.0% during the fourth quarter. IFS Advisors LLC now owns 345 shares of the e-commerce giant’s stock valued at $76,000 after purchasing an additional 325 shares in the last quarter. Institutional investors own 72.20% of the company’s stock.

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.