Amazon.com (NASDAQ:AMZN) Rating Reiterated by Roth Mkm

Roth Mkm reaffirmed their buy rating on shares of Amazon.com (NASDAQ:AMZN) in a research note published on Tuesday, Benzinga reports. They currently have a $210.00 price target on the e-commerce giant’s stock.

Several other research analysts have also recently issued reports on the stock. Monness Crespi & Hardt upped their target price on shares of Amazon.com from $215.00 to $225.00 and gave the company a buy rating in a report on Wednesday, May 1st. Barclays increased their price target on shares of Amazon.com from $220.00 to $230.00 and gave the stock an overweight rating in a research note on Wednesday, May 1st. Evercore ISI raised their price objective on shares of Amazon.com from $220.00 to $225.00 and gave the stock an outperform rating in a research report on Wednesday, May 1st. Citigroup upped their target price on shares of Amazon.com from $235.00 to $245.00 and gave the company a buy rating in a report on Wednesday, May 1st. Finally, Morgan Stanley raised their price target on Amazon.com from $215.00 to $220.00 and gave the stock an overweight rating in a report on Wednesday, May 1st. One equities research analyst has rated the stock with a hold rating, forty-two have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of Buy and a consensus price target of $217.38.

Amazon.com Stock Down 0.3 %

Shares of AMZN opened at $194.49 on Tuesday. The stock has a fifty day simple moving average of $187.63 and a two-hundred day simple moving average of $176.17. The company has a quick ratio of 0.87, a current ratio of 1.07 and a debt-to-equity ratio of 0.27. The company has a market capitalization of $2.02 trillion, a PE ratio of 54.48, a price-to-earnings-growth ratio of 1.43 and a beta of 1.15. Amazon.com has a 52-week low of $118.35 and a 52-week high of $201.20.

Amazon.com (NASDAQ:AMZN) last posted its quarterly earnings results on Tuesday, April 30th. The e-commerce giant reported $0.98 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.83 by $0.15. Amazon.com had a return on equity of 19.86% and a net margin of 6.38%. The company had revenue of $143.31 billion for the quarter, compared to analyst estimates of $142.65 billion. During the same quarter last year, the company earned $0.31 EPS. Amazon.com’s revenue for the quarter was up 12.5% compared to the same quarter last year. As a group, equities analysts forecast that Amazon.com will post 4.72 EPS for the current year.

Insider Buying and Selling

In related news, insider Jeffrey P. Bezos sold 266,396 shares of the company’s stock in a transaction that occurred on Wednesday, July 10th. The shares were sold at an average price of $200.01, for a total transaction of $53,281,863.96. Following the completion of the transaction, the insider now owns 928,433,873 shares of the company’s stock, valued at $185,696,058,938.73. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, CEO Adam Selipsky sold 500 shares of the business’s stock in a transaction dated Thursday, April 18th. The stock was sold at an average price of $181.38, for a total transaction of $90,690.00. Following the completion of the sale, the chief executive officer now owns 130,600 shares in the company, valued at approximately $23,688,228. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Jeffrey P. Bezos sold 266,396 shares of the firm’s stock in a transaction that occurred on Wednesday, July 10th. The shares were sold at an average price of $200.01, for a total transaction of $53,281,863.96. Following the completion of the transaction, the insider now owns 928,433,873 shares in the company, valued at approximately $185,696,058,938.73. The disclosure for this sale can be found here. Over the last three months, insiders have sold 6,113,490 shares of company stock valued at $1,222,340,738. Insiders own 10.80% of the company’s stock.

Institutional Investors Weigh In On Amazon.com

Large investors have recently made changes to their positions in the business. Cooksen Wealth LLC acquired a new stake in Amazon.com in the 4th quarter valued at $30,000. E Fund Management Hong Kong Co. Ltd. grew its stake in shares of Amazon.com by 45.0% in the fourth quarter. E Fund Management Hong Kong Co. Ltd. now owns 277 shares of the e-commerce giant’s stock valued at $42,000 after buying an additional 86 shares in the last quarter. Strid Group LLC acquired a new stake in shares of Amazon.com in the fourth quarter valued at about $43,000. Clarity Asset Management Inc. purchased a new stake in shares of Amazon.com during the 4th quarter valued at about $46,000. Finally, Steph & Co. acquired a new position in Amazon.com during the 1st quarter worth approximately $65,000. Institutional investors and hedge funds own 72.20% of the company’s stock.

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.