Citizens Jmp Reaffirms Market Outperform Rating for Amazon.com (NASDAQ:AMZN)

Amazon.com (NASDAQ:AMZN)‘s stock had its “market outperform” rating reaffirmed by equities research analysts at Citizens Jmp in a report issued on Wednesday,Benzinga reports. They currently have a $300.00 price objective on the e-commerce giant’s stock. Citizens Jmp’s price objective points to a potential upside of 30.94% from the stock’s current price.

AMZN has been the subject of a number of other research reports. Loop Capital lifted their price objective on shares of Amazon.com from $300.00 to $360.00 and gave the company a “buy” rating in a report on Tuesday, November 18th. Bank of America raised their target price on Amazon.com from $272.00 to $303.00 and gave the company a “buy” rating in a research report on Wednesday. Rosenblatt Securities restated a “buy” rating and issued a $305.00 price target on shares of Amazon.com in a research note on Tuesday, November 25th. Barclays reaffirmed an “overweight” rating and issued a $300.00 price target (up previously from $275.00) on shares of Amazon.com in a report on Friday, October 31st. Finally, DA Davidson increased their price target on Amazon.com from $265.00 to $300.00 and gave the stock a “buy” rating in a research report on Friday, October 31st. One research analyst has rated the stock with a Strong Buy rating, fifty-seven have issued a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $296.11.

Amazon.com Trading Down 1.4%

Amazon.com stock opened at $229.11 on Wednesday. The firm has a market cap of $2.45 trillion, a PE ratio of 32.36, a P/E/G ratio of 1.60 and a beta of 1.37. Amazon.com has a 12 month low of $161.38 and a 12 month high of $258.60. The stock’s 50 day simple moving average is $228.38 and its two-hundred day simple moving average is $223.65. The company has a current ratio of 1.01, a quick ratio of 0.80 and a debt-to-equity ratio of 0.14.

Amazon.com (NASDAQ:AMZN) last posted its earnings results on Thursday, October 30th. The e-commerce giant reported $1.95 earnings per share for the quarter, beating the consensus estimate of $1.57 by $0.38. Amazon.com had a net margin of 11.06% and a return on equity of 23.62%. The firm had revenue of $180.17 billion during the quarter, compared to analyst estimates of $177.53 billion. During the same period in the previous year, the firm earned $1.43 EPS. The business’s quarterly revenue was up 13.4% on a year-over-year basis. Analysts anticipate that Amazon.com will post 6.31 earnings per share for the current year.

Insider Transactions at Amazon.com

In other Amazon.com news, Director Keith Brian Alexander sold 900 shares of the firm’s stock in a transaction on Monday, November 17th. The stock was sold at an average price of $233.00, for a total value of $209,700.00. Following the transaction, the director owned 7,170 shares in the company, valued at approximately $1,670,610. This trade represents a 11.15% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO Matthew S. Garman sold 17,768 shares of the company’s stock in a transaction on Friday, November 21st. The stock was sold at an average price of $216.90, for a total transaction of $3,853,879.20. Following the sale, the chief executive officer directly owned 6,273 shares of the company’s stock, valued at $1,360,613.70. The trade was a 73.91% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders sold 82,234 shares of company stock valued at $19,076,767. Insiders own 9.70% of the company’s stock.

Hedge Funds Weigh In On Amazon.com

Institutional investors and hedge funds have recently bought and sold shares of the business. Wilson Asset Management International PTY Ltd. bought a new stake in Amazon.com during the second quarter worth $11,102,000. ARK Investment Management LLC grew its position in shares of Amazon.com by 8.3% in the 2nd quarter. ARK Investment Management LLC now owns 1,140,494 shares of the e-commerce giant’s stock valued at $250,213,000 after acquiring an additional 86,978 shares during the period. Buckhead Capital Management LLC increased its stake in shares of Amazon.com by 16.1% during the 2nd quarter. Buckhead Capital Management LLC now owns 28,407 shares of the e-commerce giant’s stock worth $6,232,000 after purchasing an additional 3,948 shares during the last quarter. Flaharty Asset Management LLC raised its holdings in shares of Amazon.com by 87.7% in the 1st quarter. Flaharty Asset Management LLC now owns 5,088 shares of the e-commerce giant’s stock valued at $968,000 after purchasing an additional 2,377 shares during the period. Finally, Border to Coast Pensions Partnership Ltd raised its holdings in shares of Amazon.com by 6.0% in the 2nd quarter. Border to Coast Pensions Partnership Ltd now owns 1,136,311 shares of the e-commerce giant’s stock valued at $249,295,000 after purchasing an additional 63,924 shares during the period. 72.20% of the stock is currently owned by institutional investors and hedge funds.

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.