Maxim Group Initiates Coverage on Amazon.com (NASDAQ:AMZN)

Stock analysts at Maxim Group started coverage on shares of Amazon.com (NASDAQ:AMZN) in a research report issued to clients and investors on Wednesday, MarketBeat.com reports. The firm set a “buy” rating and a $218.00 price target on the e-commerce giant’s stock. Maxim Group’s price objective would suggest a potential upside of 21.64% from the stock’s previous close.

Several other equities research analysts have also commented on AMZN. Wolfe Research boosted their price target on shares of Amazon.com from $195.00 to $205.00 and gave the stock an “outperform” rating in a report on Friday, February 2nd. Barclays boosted their price target on shares of Amazon.com from $190.00 to $220.00 and gave the stock an “overweight” rating in a report on Friday, February 2nd. Royal Bank of Canada boosted their price target on shares of Amazon.com from $180.00 to $215.00 and gave the stock an “outperform” rating in a report on Friday, February 2nd. Evercore ISI upped their target price on shares of Amazon.com from $195.00 to $220.00 and gave the stock an “outperform” rating in a report on Friday, February 2nd. Finally, Canaccord Genuity Group upped their target price on shares of Amazon.com from $185.00 to $200.00 and gave the stock a “buy” rating in a report on Friday, February 2nd. One investment analyst has rated the stock with a hold rating, forty-four have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, Amazon.com has a consensus rating of “Buy” and an average target price of $202.80.

Amazon.com Stock Performance

AMZN opened at $179.22 on Wednesday. The company has a debt-to-equity ratio of 0.29, a current ratio of 1.05 and a quick ratio of 0.84. The firm has a fifty day moving average price of $177.28 and a 200 day moving average price of $156.52. Amazon.com has a 1 year low of $101.15 and a 1 year high of $189.77. The stock has a market cap of $1.86 trillion, a P/E ratio of 61.80, a P/E/G ratio of 1.60 and a beta of 1.16.

Amazon.com (NASDAQ:AMZN) last posted its earnings results on Thursday, February 1st. The e-commerce giant reported $1.00 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.81 by $0.19. The firm had revenue of $169.96 billion during the quarter, compared to analysts’ expectations of $165.96 billion. Amazon.com had a net margin of 5.29% and a return on equity of 16.61%. The business’s revenue was up 13.9% compared to the same quarter last year. During the same period in the previous year, the business posted $0.21 EPS. Equities research analysts anticipate that Amazon.com will post 4.08 earnings per share for the current year.

Insider Transactions at Amazon.com

In related news, CEO Adam Selipsky sold 500 shares of the company’s stock in a transaction that occurred on Thursday, February 1st. The shares were sold at an average price of $155.72, for a total transaction of $77,860.00. Following the sale, the chief executive officer now directly owns 116,560 shares in the company, valued at $18,150,723.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In related news, CEO Adam Selipsky sold 500 shares of the company’s stock in a transaction that occurred on Thursday, February 1st. The shares were sold at an average price of $155.72, for a total transaction of $77,860.00. Following the sale, the chief executive officer now directly owns 116,560 shares in the company, valued at $18,150,723.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Andrew R. Jassy sold 50,000 shares of the company’s stock in a transaction that occurred on Friday, February 16th. The stock was sold at an average price of $168.65, for a total transaction of $8,432,500.00. Following the sale, the chief executive officer now owns 2,014,055 shares in the company, valued at $339,670,375.75. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 32,213,510 shares of company stock valued at $5,505,798,456. 12.30% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Amazon.com

Several hedge funds have recently added to or reduced their stakes in AMZN. Mayflower Financial Advisors LLC grew its position in shares of Amazon.com by 0.3% during the third quarter. Mayflower Financial Advisors LLC now owns 194,762 shares of the e-commerce giant’s stock worth $25,000 after acquiring an additional 572 shares during the last quarter. Cooksen Wealth LLC purchased a new position in shares of Amazon.com in the fourth quarter valued at $30,000. Laurel Wealth Planning LLC increased its position in shares of Amazon.com by 1,900.0% in the second quarter. Laurel Wealth Planning LLC now owns 320 shares of the e-commerce giant’s stock valued at $34,000 after buying an additional 304 shares in the last quarter. PayPay Securities Corp increased its position in shares of Amazon.com by 54.3% in the third quarter. PayPay Securities Corp now owns 267 shares of the e-commerce giant’s stock valued at $34,000 after buying an additional 94 shares in the last quarter. Finally, Sanctuary Wealth Management L.L.C. purchased a new position in shares of Amazon.com in the fourth quarter valued at $37,000. 72.20% of the stock is currently owned by hedge funds and other institutional investors.

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.