Amazon.com (NASDAQ:AMZN) Stock Rating Reaffirmed by JMP Securities

JMP Securities reaffirmed their market outperform rating on shares of Amazon.com (NASDAQ:AMZN) in a research note released on Wednesday morning, Benzinga reports. JMP Securities currently has a $225.00 price objective on the e-commerce giant’s stock.

AMZN has been the subject of a number of other reports. Wolfe Research increased their price objective on shares of Amazon.com from $195.00 to $205.00 and gave the stock an outperform rating in a research note on Friday, February 2nd. Stifel Nicolaus increased their price objective on shares of Amazon.com from $224.00 to $228.00 and gave the stock a buy rating in a research note on Wednesday. Roth Mkm reissued a buy rating and issued a $205.00 price objective on shares of Amazon.com in a research note on Tuesday, April 16th. Raymond James increased their price objective on shares of Amazon.com from $200.00 to $205.00 and gave the stock a strong-buy rating in a research note on Wednesday. Finally, Wells Fargo & Company increased their price objective on shares of Amazon.com from $211.00 to $217.00 and gave the stock an overweight rating in a research note on Monday, April 1st. One research analyst has rated the stock with a hold rating, forty-four have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, Amazon.com has a consensus rating of Buy and an average target price of $210.18.

Amazon.com Stock Up 2.3 %

AMZN opened at $179.00 on Wednesday. The company has a current ratio of 1.05, a quick ratio of 0.84 and a debt-to-equity ratio of 0.29. Amazon.com has a 1-year low of $101.15 and a 1-year high of $189.77. The company has a market capitalization of $1.86 trillion, a PE ratio of 61.72, a PEG ratio of 1.57 and a beta of 1.16. The firm’s 50 day simple moving average is $178.59 and its two-hundred day simple moving average is $159.78.

Amazon.com (NASDAQ:AMZN) last released its quarterly earnings results on Tuesday, April 30th. The e-commerce giant reported $0.98 earnings per share for the quarter, topping the consensus estimate of $0.83 by $0.15. Amazon.com had a net margin of 5.29% and a return on equity of 16.61%. The business had revenue of $143.31 billion for the quarter, compared to the consensus estimate of $142.65 billion. During the same period last year, the firm earned $0.31 earnings per share. The company’s quarterly revenue was up 12.5% on a year-over-year basis. As a group, equities analysts forecast that Amazon.com will post 4.11 EPS for the current year.

Insider Activity at Amazon.com

In related news, CEO Adam Selipsky sold 500 shares of Amazon.com stock in a transaction dated Thursday, March 21st. The shares were sold at an average price of $180.00, for a total transaction of $90,000.00. Following the completion of the sale, the chief executive officer now owns 132,600 shares in the company, valued at approximately $23,868,000. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In related news, VP Shelley Reynolds sold 3,100 shares of Amazon.com stock in a transaction dated Wednesday, February 21st. The shares were sold at an average price of $168.97, for a total transaction of $523,807.00. Following the completion of the sale, the vice president now owns 119,780 shares in the company, valued at approximately $20,239,226.60. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Adam Selipsky sold 500 shares of the business’s stock in a transaction dated Thursday, March 21st. The shares were sold at an average price of $180.00, for a total transaction of $90,000.00. Following the completion of the sale, the chief executive officer now owns 132,600 shares of the company’s stock, valued at approximately $23,868,000. The disclosure for this sale can be found here. Insiders sold 32,213,510 shares of company stock worth $5,505,811,286 in the last 90 days. 10.30% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Amazon.com

Large investors have recently modified their holdings of the business. Cooksen Wealth LLC bought a new stake in shares of Amazon.com in the 4th quarter valued at about $30,000. PayPay Securities Corp raised its holdings in shares of Amazon.com by 54.3% in the 3rd quarter. PayPay Securities Corp now owns 267 shares of the e-commerce giant’s stock valued at $34,000 after purchasing an additional 94 shares in the last quarter. E Fund Management Hong Kong Co. Ltd. raised its holdings in shares of Amazon.com by 45.0% in the 4th quarter. E Fund Management Hong Kong Co. Ltd. now owns 277 shares of the e-commerce giant’s stock valued at $42,000 after purchasing an additional 86 shares in the last quarter. Strid Group LLC bought a new stake in shares of Amazon.com in the 4th quarter valued at about $43,000. Finally, Clarity Asset Management Inc. bought a new stake in shares of Amazon.com in the 4th quarter valued at about $46,000. 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.