Amazon.com (NASDAQ:AMZN) Rating Reiterated by DA Davidson

Amazon.com (NASDAQ:AMZN)‘s stock had its “buy” rating reiterated by investment analysts at DA Davidson in a research note issued to investors on Thursday, Benzinga reports. They currently have a $235.00 price target on the e-commerce giant’s stock. DA Davidson’s price objective points to a potential upside of 34.57% from the company’s current price.

A number of other research firms have also issued reports on AMZN. Mizuho increased their target price on Amazon.com from $220.00 to $230.00 and gave the company a “buy” rating in a research note on Friday, February 2nd. Deutsche Bank Aktiengesellschaft increased their target price on Amazon.com from $175.00 to $200.00 and gave the company a “buy” rating in a research note on Friday, February 2nd. Piper Sandler increased their target price on Amazon.com from $185.00 to $205.00 and gave the company an “overweight” rating in a research note on Friday, February 2nd. Bank of America increased their target price on Amazon.com from $185.00 to $204.00 and gave the company a “buy” rating in a research note on Friday, February 2nd. Finally, Canaccord Genuity Group increased their target price on Amazon.com from $185.00 to $200.00 and gave the company a “buy” rating in a research note on Friday, February 2nd. One investment analyst has rated the stock with a hold rating, forty-four have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, Amazon.com currently has an average rating of “Buy” and an average price target of $202.80.

Amazon.com Price Performance

AMZN stock opened at $174.63 on Thursday. The stock has a 50-day moving average price of $177.28 and a two-hundred day moving average price of $156.83. Amazon.com has a 12-month low of $101.15 and a 12-month high of $189.77. The company has a current ratio of 1.05, a quick ratio of 0.84 and a debt-to-equity ratio of 0.29. The company has a market cap of $1.82 trillion, a PE ratio of 60.22, a price-to-earnings-growth ratio of 1.57 and a beta of 1.16.

Amazon.com (NASDAQ:AMZN) last posted its quarterly earnings results on Thursday, February 1st. The e-commerce giant reported $1.00 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.81 by $0.19. Amazon.com had a return on equity of 16.61% and a net margin of 5.29%. The firm had revenue of $169.96 billion during the quarter, compared to the consensus estimate of $165.96 billion. During the same quarter in the previous year, the business earned $0.21 earnings per share. The firm’s quarterly revenue was up 13.9% compared to the same quarter last year. As a group, research analysts predict that Amazon.com will post 4.1 EPS for the current year.

Insider Buying and Selling

In other Amazon.com news, CEO Adam Selipsky sold 500 shares of Amazon.com stock in a transaction on Thursday, February 1st. The stock was sold at an average price of $155.72, for a total transaction of $77,860.00. Following the sale, the chief executive officer now owns 116,560 shares of the company’s stock, valued at approximately $18,150,723.20. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other Amazon.com news, CEO Adam Selipsky sold 500 shares of Amazon.com stock in a transaction on Thursday, February 1st. The stock was sold at an average price of $155.72, for a total transaction of $77,860.00. Following the sale, the chief executive officer now owns 116,560 shares of the company’s stock, valued at approximately $18,150,723.20. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Andrew R. Jassy sold 50,000 shares of Amazon.com stock in a transaction on Friday, February 16th. The shares were sold at an average price of $168.65, for a total value of $8,432,500.00. Following the sale, the chief executive officer now directly owns 2,014,055 shares in the company, valued at approximately $339,670,375.75. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 32,213,510 shares of company stock valued at $5,505,798,456. Insiders own 12.30% of the company’s stock.

Institutional Trading of Amazon.com

Several hedge funds have recently added to or reduced their stakes in AMZN. Maryland State Retirement & Pension System increased its position in shares of Amazon.com by 0.6% during the 1st quarter. Maryland State Retirement & Pension System now owns 704,441 shares of the e-commerce giant’s stock valued at $126,747,000 after purchasing an additional 4,195 shares during the period. Cohen Investment Advisors LLC increased its position in shares of Amazon.com by 2.1% during the 1st quarter. Cohen Investment Advisors LLC now owns 35,207 shares of the e-commerce giant’s stock valued at $6,351,000 after purchasing an additional 728 shares during the period. Kesler Norman & Wride LLC increased its position in shares of Amazon.com by 145.9% during the 1st quarter. Kesler Norman & Wride LLC now owns 16,994 shares of the e-commerce giant’s stock valued at $3,065,000 after purchasing an additional 10,082 shares during the period. Mezzasalma Advisors LLC increased its position in shares of Amazon.com by 7.7% during the 1st quarter. Mezzasalma Advisors LLC now owns 53,452 shares of the e-commerce giant’s stock valued at $9,642,000 after purchasing an additional 3,842 shares during the period. Finally, FORVIS Wealth Advisors LLC increased its position in shares of Amazon.com by 68.0% during the 1st quarter. FORVIS Wealth Advisors LLC now owns 60,901 shares of the e-commerce giant’s stock valued at $10,985,000 after purchasing an additional 24,644 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.