Jefferies Financial Group Reiterates Buy Rating for Amazon.com (NASDAQ:AMZN)

Amazon.com (NASDAQ:AMZN)‘s stock had its “buy” rating reiterated by Jefferies Financial Group in a research report issued on Monday,MarketScreener reports.

A number of other brokerages also recently issued reports on AMZN. Wolfe Research increased their price objective on shares of Amazon.com from $265.00 to $270.00 in a research note on Tuesday, September 30th. Barclays reaffirmed an “overweight” rating and set a $300.00 price target (up previously from $275.00) on shares of Amazon.com in a report on Friday, October 31st. Cantor Fitzgerald reiterated an “overweight” rating on shares of Amazon.com in a research report on Wednesday, December 3rd. Susquehanna set a $300.00 price objective on shares of Amazon.com and gave the company a “positive” rating in a research report on Friday, October 31st. Finally, Arete Research upped their target price on Amazon.com from $248.00 to $253.00 and gave the stock a “buy” rating in a research note on Monday, October 27th. One equities research analyst has rated the stock with a Strong Buy rating, fifty-seven have issued a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $295.43.

Amazon.com Price Performance

Amazon.com stock opened at $227.92 on Monday. The firm has a market cap of $2.44 trillion, a PE ratio of 32.19, a price-to-earnings-growth ratio of 1.56 and a beta of 1.37. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.01 and a quick ratio of 0.80. The stock’s fifty day moving average price is $228.84 and its two-hundred day moving average price is $224.47. Amazon.com has a one year low of $161.38 and a one year high of $258.60.

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

Insider Activity

In related news, Director Keith Brian Alexander sold 900 shares of Amazon.com stock in a transaction that occurred on Monday, November 17th. The shares were sold at an average price of $233.00, for a total transaction of $209,700.00. Following the sale, the director directly owned 7,170 shares in the company, valued at $1,670,610. This trade represents a 11.15% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Daniel P. Huttenlocher sold 1,237 shares of the business’s stock in a transaction that occurred on Thursday, November 20th. The stock was sold at an average price of $226.61, for a total transaction of $280,316.57. Following the sale, the director directly owned 26,148 shares in the company, valued at $5,925,398.28. The trade was a 4.52% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders sold 82,234 shares of company stock valued at $19,076,767. 10.80% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Amazon.com

Several large investors have recently modified their holdings of AMZN. Kingstone Capital Partners Texas LLC grew its stake in shares of Amazon.com by 542,733.6% in the 2nd quarter. Kingstone Capital Partners Texas LLC now owns 132,641,388 shares of the e-commerce giant’s stock valued at $29,100,194,000 after buying an additional 132,616,953 shares during the period. Norges Bank bought a new position in Amazon.com in the second quarter worth approximately $27,438,011,000. Nuveen LLC acquired a new stake in Amazon.com in the first quarter valued at approximately $11,674,091,000. Vanguard Group Inc. grew its stake in Amazon.com by 2.1% in the second quarter. Vanguard Group Inc. now owns 849,721,601 shares of the e-commerce giant’s stock valued at $186,420,422,000 after acquiring an additional 17,447,045 shares during the period. Finally, Laurel Wealth Advisors LLC raised its position in shares of Amazon.com by 22,085.8% during the second quarter. Laurel Wealth Advisors LLC now owns 12,177,557 shares of the e-commerce giant’s stock worth $2,671,634,000 after purchasing an additional 12,122,668 shares during the period. 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.