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

Benchmark restated their buy rating on shares of Amazon.com (NASDAQ:AMZN) in a report released on Wednesday, Benzinga reports. They currently have a $200.00 price objective on the e-commerce giant’s stock.

A number of other analysts also recently commented on the company. Deutsche Bank Aktiengesellschaft raised their price objective on Amazon.com from $175.00 to $200.00 and gave the stock a buy rating in a research report on Friday, February 2nd. JPMorgan Chase & Co. raised their price objective on Amazon.com from $190.00 to $225.00 and gave the stock an overweight rating in a research report on Friday, February 2nd. Maxim Group initiated coverage on Amazon.com in a research report on Wednesday, April 17th. They issued a buy rating and a $218.00 price objective for the company. JMP Securities raised their price objective on Amazon.com from $175.00 to $225.00 and gave the stock an outperform rating in a research report on Friday, February 2nd. Finally, Oppenheimer raised their price objective on Amazon.com from $200.00 to $210.00 and gave the stock an outperform rating in a research report on Friday, February 2nd. One 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.com, the company currently has a consensus rating of Buy and an average target price of $204.76.

Amazon.com Price Performance

NASDAQ AMZN opened at $176.59 on Wednesday. Amazon.com has a twelve month low of $101.15 and a twelve month high of $189.77. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.84 and a current ratio of 1.05. The stock has a market capitalization of $1.83 trillion, a PE ratio of 60.89, a P/E/G ratio of 1.54 and a beta of 1.16. The stock has a 50-day simple moving average of $177.71 and a 200 day simple moving average of $158.12.

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

Insider Activity at Amazon.com

In related news, CEO Adam Selipsky sold 500 shares of Amazon.com stock in a transaction dated Thursday, April 18th. The stock was sold at an average price of $181.38, for a total value of $90,690.00. Following the sale, the chief executive officer now owns 130,600 shares of the company’s stock, valued at $23,688,228. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. In related news, CEO Adam Selipsky sold 500 shares of Amazon.com stock in a transaction dated Thursday, April 18th. The stock was sold at an average price of $181.38, for a total value of $90,690.00. Following the sale, the chief executive officer now owns 130,600 shares of the company’s stock, valued at $23,688,228. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, VP Shelley Reynolds sold 3,100 shares of Amazon.com stock in a transaction dated Wednesday, February 21st. The shares were sold at an average price of $168.97, for a total value of $523,807.00. Following the completion of the sale, the vice president now directly owns 119,780 shares in the company, valued at approximately $20,239,226.60. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 32,214,010 shares of company stock valued at $5,505,889,146. 10.80% of the stock is owned by insiders.

Hedge Funds Weigh In On Amazon.com

Institutional investors have recently bought and sold shares of the business. Cooksen Wealth LLC acquired a new position in Amazon.com during the fourth quarter worth approximately $30,000. PayPay Securities Corp boosted its holdings in shares of Amazon.com by 54.3% during the third quarter. PayPay Securities Corp now owns 267 shares of the e-commerce giant’s stock worth $34,000 after acquiring an additional 94 shares during the period. E Fund Management Hong Kong Co. Ltd. boosted its holdings in shares of Amazon.com by 45.0% during the fourth quarter. E Fund Management Hong Kong Co. Ltd. now owns 277 shares of the e-commerce giant’s stock worth $42,000 after acquiring an additional 86 shares during the period. Strid Group LLC bought a new stake in shares of Amazon.com during the fourth quarter worth approximately $43,000. Finally, Harbor Investment Advisory LLC boosted its holdings in shares of Amazon.com by 0.7% during the fourth quarter. Harbor Investment Advisory LLC now owns 299,959 shares of the e-commerce giant’s stock worth $46,000 after acquiring an additional 1,988 shares during the period. Institutional investors and hedge funds 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.