Amazon.com’s (AMZN) “Market Outperform” Rating Reiterated at JMP Securities

JMP Securities restated their market outperform rating on shares of Amazon.com (NASDAQ:AMZN) in a report released on Thursday,Benzinga reports. JMP Securities currently has a $240.00 price target on the e-commerce giant’s stock.

Several other research analysts have also recently weighed in on the stock. Wells Fargo & Company decreased their price target on shares of Amazon.com from $207.00 to $203.00 and set an “equal weight” rating on the stock in a report on Tuesday, February 25th. UBS Group dropped their price target on Amazon.com from $272.00 to $253.00 and set a “buy” rating for the company in a research report on Tuesday, April 29th. Canaccord Genuity Group restated a “buy” rating on shares of Amazon.com in a research report on Thursday, February 13th. Morgan Stanley cut their price target on shares of Amazon.com from $280.00 to $245.00 and set an “overweight” rating for the company in a research note on Monday, April 14th. Finally, Stifel Nicolaus lowered their price objective on shares of Amazon.com from $275.00 to $248.00 and set a “buy” rating on the stock in a research report on Wednesday, April 23rd. Three investment analysts have rated the stock with a hold rating and forty-four have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Amazon.com currently has a consensus rating of “Moderate Buy” and a consensus target price of $243.55.

Amazon.com Trading Down 0.1 %

NASDAQ:AMZN opened at $189.98 on Thursday. The company has a market cap of $2.02 trillion, a P/E ratio of 34.35, a P/E/G ratio of 1.50 and a beta of 1.39. Amazon.com has a 1 year low of $151.61 and a 1 year high of $242.52. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.06 and a quick ratio of 0.87. The stock’s fifty day moving average price is $190.48 and its two-hundred day moving average price is $207.92.

Amazon.com (NASDAQ:AMZN) last posted its earnings results on Thursday, May 1st. The e-commerce giant reported $1.59 earnings per share for the quarter, beating analysts’ consensus estimates of $1.38 by $0.21. Amazon.com had a return on equity of 24.25% and a net margin of 9.29%. The business had revenue of $155.67 billion during the quarter, compared to analyst estimates of $154.96 billion. During the same quarter in the previous year, the firm earned $0.98 EPS. The company’s quarterly revenue was up 8.6% compared to the same quarter last year. As a group, analysts expect that Amazon.com will post 6.31 EPS for the current year.

Insider Activity

In other Amazon.com news, CEO Douglas J. Herrington sold 2,500 shares of Amazon.com stock in a transaction that occurred on Tuesday, April 1st. The shares were sold at an average price of $187.99, for a total value of $469,975.00. Following the completion of the sale, the chief executive officer now owns 509,474 shares of the company’s stock, valued at approximately $95,776,017.26. The trade was a 0.49 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, VP Shelley Reynolds sold 8,833 shares of the stock in a transaction on Friday, February 21st. The shares were sold at an average price of $222.47, for a total value of $1,965,077.51. Following the transaction, the vice president now directly owns 119,780 shares in the company, valued at $26,647,456.60. The trade was a 6.87 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 104,798 shares of company stock worth $23,341,803 over the last 90 days. 10.80% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Amazon.com

Several hedge funds and other institutional investors have recently made changes to their positions in AMZN. Vanguard Group Inc. lifted its position in Amazon.com by 2.2% during the fourth quarter. Vanguard Group Inc. now owns 823,360,597 shares of the e-commerce giant’s stock valued at $180,637,081,000 after purchasing an additional 17,635,391 shares in the last quarter. State Street Corp lifted its position in shares of Amazon.com by 3.3% during the 3rd quarter. State Street Corp now owns 359,179,990 shares of the e-commerce giant’s stock valued at $66,926,008,000 after buying an additional 11,370,309 shares in the last quarter. FMR LLC grew its stake in shares of Amazon.com by 0.5% during the 4th quarter. FMR LLC now owns 328,464,225 shares of the e-commerce giant’s stock valued at $72,061,766,000 after acquiring an additional 1,725,664 shares during the period. Geode Capital Management LLC increased its holdings in Amazon.com by 2.5% in the 4th quarter. Geode Capital Management LLC now owns 204,930,426 shares of the e-commerce giant’s stock worth $44,837,256,000 after acquiring an additional 5,015,380 shares in the last quarter. Finally, Price T Rowe Associates Inc. MD lifted its holdings in Amazon.com by 2.3% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 182,813,905 shares of the e-commerce giant’s stock valued at $40,107,544,000 after purchasing an additional 4,087,933 shares in the last quarter. Hedge funds and other 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.