Benchmark Reiterates “Buy” Rating for Amazon.com (NASDAQ:AMZN)

Amazon.com (NASDAQ:AMZN)‘s stock had its “buy” rating restated by equities research analysts at Benchmark in a research note issued to investors on Friday,Benzinga reports. They currently have a $260.00 target price on the e-commerce giant’s stock. Benchmark’s price objective would suggest a potential upside of 36.86% from the company’s previous close.

Other analysts have also issued research reports about the company. Truist Financial dropped their price target on Amazon.com from $265.00 to $230.00 and set a “buy” rating for the company in a research note on Thursday, April 10th. Phillip Securities lowered shares of Amazon.com from a “strong-buy” rating to a “moderate buy” rating in a research note on Monday, February 10th. Barclays decreased their price target on shares of Amazon.com from $265.00 to $240.00 and set an “overweight” rating for the company in a research note on Friday. Canaccord Genuity Group reaffirmed a “buy” rating on shares of Amazon.com in a research report on Thursday, February 13th. Finally, Rosenblatt Securities raised their target price on Amazon.com from $287.00 to $288.00 and gave the company a “buy” rating in a research note on Friday. Three analysts have rated the stock with a hold rating and forty-four have issued a buy rating to the company’s stock. According to data from MarketBeat, Amazon.com currently has a consensus rating of “Moderate Buy” and an average target price of $243.55.

Amazon.com Trading Down 0.1 %

Shares of AMZN opened at $189.98 on Friday. The firm has a fifty day simple moving average of $190.48 and a two-hundred day simple moving average of $207.92. Amazon.com has a twelve month low of $151.61 and a twelve month high of $242.52. The stock has a market capitalization of $2.02 trillion, a P/E ratio of 34.35, a PEG ratio of 1.50 and a beta of 1.39. The company has a quick ratio of 0.87, a current ratio of 1.06 and a debt-to-equity ratio of 0.18.

Amazon.com (NASDAQ:AMZN) last announced its quarterly earnings results on Thursday, May 1st. The e-commerce giant reported $1.59 earnings per share (EPS) 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 company had revenue of $155.67 billion for the quarter, compared to the consensus estimate of $154.96 billion. During the same quarter in the previous year, the business earned $0.98 EPS. Amazon.com’s revenue was up 8.6% compared to the same quarter last year. On average, research analysts anticipate that Amazon.com will post 6.31 EPS for the current year.

Insider Transactions at Amazon.com

In related news, CEO Douglas J. Herrington sold 27,500 shares of Amazon.com stock in a transaction on Wednesday, February 12th. The shares were sold at an average price of $230.27, for a total transaction of $6,332,425.00. Following the transaction, the chief executive officer now owns 497,067 shares in the company, valued at approximately $114,459,618.09. The trade was a 5.24 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, VP Shelley Reynolds sold 8,833 shares of the stock in a transaction on Friday, February 21st. The stock was sold at an average price of $222.47, for a total value of $1,965,077.51. Following the completion of the sale, the vice president now owns 119,780 shares of the company’s stock, valued at $26,647,456.60. The trade was a 6.87 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 104,798 shares of company stock valued at $23,341,803 over the last quarter. 10.80% of the stock is currently owned by company insiders.

Institutional Trading of Amazon.com

Institutional investors have recently made changes to their positions in the business. Cable Hill Partners LLC boosted its position in shares of Amazon.com by 0.5% during the fourth quarter. Cable Hill Partners LLC now owns 9,588 shares of the e-commerce giant’s stock worth $2,104,000 after acquiring an additional 44 shares during the last quarter. Quattro Financial Advisors LLC grew its position in shares of Amazon.com by 23.8% during the fourth quarter. Quattro Financial Advisors LLC now owns 234 shares of the e-commerce giant’s stock valued at $51,000 after purchasing an additional 45 shares in the last quarter. Northern Capital Management Inc. increased its holdings in shares of Amazon.com by 0.6% in the fourth quarter. Northern Capital Management Inc. now owns 7,353 shares of the e-commerce giant’s stock worth $1,613,000 after purchasing an additional 45 shares during the last quarter. White Wing Wealth Management lifted its position in shares of Amazon.com by 2.4% in the fourth quarter. White Wing Wealth Management now owns 1,972 shares of the e-commerce giant’s stock worth $433,000 after buying an additional 47 shares in the last quarter. Finally, MBM Wealth Consultants LLC boosted its stake in Amazon.com by 0.6% during the fourth quarter. MBM Wealth Consultants LLC now owns 8,578 shares of the e-commerce giant’s stock valued at $1,889,000 after buying an additional 48 shares during the last quarter. Hedge funds and other 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.