Amazon.com (NASDAQ:AMZN) Upgraded by BNP Paribas Exane to Outperform Rating

BNP Paribas Exane upgraded shares of Amazon.com (NASDAQ:AMZN) from a neutral rating to an outperform rating in a report published on Friday morning, MarketBeat Ratings reports. They currently have $254.00 target price on the e-commerce giant’s stock.

A number of other research analysts have also weighed in on the company. Wall Street Zen lowered Amazon.com from a “buy” rating to a “hold” rating in a report on Monday, May 5th. Bank of America boosted their target price on Amazon.com from $230.00 to $248.00 and gave the company a “buy” rating in a research note on Monday, June 2nd. Raymond James Financial reiterated an “outperform” rating and issued a $195.00 price target (down from $275.00) on shares of Amazon.com in a research report on Monday, April 21st. Oppenheimer lifted their price target on Amazon.com from $215.00 to $250.00 and gave the company an “outperform” rating in a research report on Friday, June 20th. Finally, JPMorgan Chase & Co. boosted their target price on Amazon.com from $225.00 to $240.00 and gave the stock an “overweight” rating in a research report on Wednesday, June 4th. Four equities research analysts have rated the stock with a hold rating and forty-five have issued a buy rating to the stock. According to MarketBeat, Amazon.com currently has a consensus rating of “Moderate Buy” and an average target price of $245.81.

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Amazon.com Stock Up 2.8%

Shares of Amazon.com stock opened at $223.30 on Friday. Amazon.com has a one year low of $151.61 and a one year high of $242.52. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.05 and a quick ratio of 0.84. The stock’s 50-day moving average is $202.26 and its 200 day moving average is $209.01. The firm has a market cap of $2.37 trillion, a price-to-earnings ratio of 36.37, a PEG ratio of 1.64 and a beta of 1.33.

Amazon.com (NASDAQ:AMZNGet Free Report) last issued its earnings results on Thursday, May 1st. The e-commerce giant reported $1.59 earnings per share for the quarter, topping analysts’ consensus estimates of $1.38 by $0.21. Amazon.com had a return on equity of 24.14% and a net margin of 10.14%. The company had revenue of $155.67 billion for the quarter, compared to analyst estimates of $154.96 billion. During the same period in the prior year, the firm earned $0.98 earnings per share. Amazon.com’s revenue for the quarter was up 8.6% on a year-over-year basis. Equities research analysts anticipate that Amazon.com will post 6.31 EPS for the current year.

Insider Buying and Selling at Amazon.com

In other news, CEO Douglas J. Herrington sold 2,500 shares of the stock in a transaction that occurred on Monday, June 2nd. The stock was sold at an average price of $204.98, for a total value of $512,450.00. Following the completion of the transaction, the chief executive officer now owns 517,050 shares of the company’s stock, valued at approximately $105,984,909. This represents a 0.48% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Keith Brian Alexander sold 1,000 shares of the company’s stock in a transaction that occurred on Monday, May 12th. The stock was sold at an average price of $210.68, for a total value of $210,680.00. Following the completion of the sale, the director now owns 5,465 shares in the company, valued at $1,151,366.20. The trade was a 15.47% decrease in their position. The disclosure for this sale can be found here. Insiders sold 102,037 shares of company stock valued at $20,531,075 in the last 90 days. Insiders own 9.70% of the company’s stock.

Institutional Trading of Amazon.com

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Castlekeep Investment Advisors LLC bought a new stake in Amazon.com during the fourth quarter valued at about $25,000. Prudent Man Investment Management Inc. purchased a new position in Amazon.com in the fourth quarter worth about $27,000. LSV Asset Management purchased a new position in Amazon.com in the fourth quarter worth about $35,000. Cooksen Wealth LLC purchased a new position in Amazon.com in the first quarter worth about $36,000. Finally, Inlight Wealth Management LLC purchased a new position in shares of Amazon.com during the first quarter valued at approximately $40,000. Hedge funds and other institutional investors own 72.20% of the company’s stock.

About Amazon.com

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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.

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