Amazon.com (NASDAQ:AMZN) Given Market Outperform Rating at JMP Securities

Amazon.com (NASDAQ:AMZN)‘s stock had its “market outperform” rating reiterated by stock analysts at JMP Securities in a note issued to investors on Monday,Benzinga reports. They currently have a $285.00 target price on the e-commerce giant’s stock. JMP Securities’ price target points to a potential upside of 23.99% from the stock’s current price.

AMZN has been the subject of several other reports. Evercore ISI upped their price objective on shares of Amazon.com from $240.00 to $260.00 and gave the stock an “outperform” rating in a report on Friday, November 1st. Loop Capital upped their price target on shares of Amazon.com from $225.00 to $275.00 and gave the company a “buy” rating in a report on Wednesday, November 6th. Stifel Nicolaus lifted their price objective on Amazon.com from $224.00 to $245.00 and gave the stock a “buy” rating in a research note on Friday, November 1st. Cantor Fitzgerald restated an “overweight” rating and set a $230.00 target price on shares of Amazon.com in a research note on Monday, October 7th. Finally, Susquehanna raised their target price on Amazon.com from $220.00 to $230.00 and gave the company a “positive” rating in a report on Friday, November 1st. Two analysts have rated the stock with a hold rating, forty-one have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $239.76.

Amazon.com Trading Up 1.1 %

Amazon.com stock opened at $229.85 on Monday. Amazon.com has a one year low of $144.05 and a one year high of $231.20. The company’s fifty day moving average price is $201.65 and its two-hundred day moving average price is $189.78. The company has a market capitalization of $2.42 trillion, a price-to-earnings ratio of 49.22, a PEG ratio of 1.54 and a beta of 1.16. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.09 and a quick ratio of 0.87.

Amazon.com (NASDAQ:AMZN) last issued its quarterly earnings data on Thursday, October 31st. The e-commerce giant reported $1.43 earnings per share for the quarter, beating analysts’ consensus estimates of $1.14 by $0.29. The business had revenue of $158.88 billion for the quarter, compared to the consensus estimate of $157.28 billion. Amazon.com had a return on equity of 22.41% and a net margin of 8.04%. The firm’s revenue was up 11.0% compared to the same quarter last year. During the same period last year, the business earned $0.85 EPS. On average, analysts forecast that Amazon.com will post 5.29 earnings per share for the current fiscal year.

Insider Activity

In other Amazon.com news, SVP David Zapolsky sold 2,190 shares of the business’s stock in a transaction that occurred on Tuesday, September 24th. The stock was sold at an average price of $195.00, for a total value of $427,050.00. Following the transaction, the senior vice president now directly owns 62,420 shares of the company’s stock, valued at approximately $12,171,900. The trade was a 3.39 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Daniel P. Huttenlocher sold 1,237 shares of the stock in a transaction on Tuesday, November 19th. The stock was sold at an average price of $199.06, for a total transaction of $246,237.22. Following the transaction, the director now directly owns 24,912 shares in the company, valued at approximately $4,958,982.72. This represents a 4.73 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 6,034,534 shares of company stock valued at $1,253,883,872 over the last quarter. 10.80% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the stock. Icon Wealth Advisors LLC lifted its position in shares of Amazon.com by 20.5% during the 3rd quarter. Icon Wealth Advisors LLC now owns 150,661 shares of the e-commerce giant’s stock valued at $28,000 after buying an additional 25,581 shares during the last quarter. PayPay Securities Corp lifted its holdings in Amazon.com by 64.6% during the second quarter. PayPay Securities Corp now owns 163 shares of the e-commerce giant’s stock valued at $32,000 after purchasing an additional 64 shares during the last quarter. Hoese & Co LLP bought a new position in Amazon.com during the third quarter worth about $37,000. Bull Oak Capital LLC purchased a new position in shares of Amazon.com in the third quarter worth about $45,000. Finally, Values First Advisors Inc. bought a new stake in shares of Amazon.com in the third quarter valued at approximately $56,000. Institutional investors 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.