Amazon.com (NASDAQ:AMZN) Receives “Outperform” Rating from Telsey Advisory Group

Telsey Advisory Group reaffirmed their outperform rating on shares of Amazon.com (NASDAQ:AMZN) in a research note published on Wednesday, Benzinga reports. Telsey Advisory Group currently has a $200.00 target price on the e-commerce giant’s stock.

A number of other brokerages have also commented on AMZN. Raymond James raised their price target on Amazon.com from $185.00 to $200.00 and gave the company a strong-buy rating in a report on Friday, February 2nd. Evercore ISI increased their price target on Amazon.com from $195.00 to $220.00 and gave the company an outperform rating in a research report on Friday, February 2nd. Piper Sandler increased their price target on Amazon.com from $185.00 to $205.00 and gave the company an overweight rating in a research report on Friday, February 2nd. Barclays increased their price target on Amazon.com from $190.00 to $220.00 and gave the company an overweight rating in a research report on Friday, February 2nd. Finally, Bank of America raised their price objective on Amazon.com from $185.00 to $204.00 and gave the stock a buy rating in a research report on Friday, February 2nd. One research analyst has rated the stock with a hold rating, forty-three have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of Buy and an average target price of $197.95.

Amazon.com Stock Performance

Shares of AMZN opened at $179.83 on Wednesday. The business’s fifty day moving average price is $169.73 and its 200 day moving average price is $151.07. Amazon.com has a 12-month low of $96.29 and a 12-month high of $181.41. The stock has a market capitalization of $1.87 trillion, a PE ratio of 62.01, a price-to-earnings-growth ratio of 1.57 and a beta of 1.17. The company has a debt-to-equity ratio of 0.29, a current ratio of 1.05 and a quick ratio of 0.84.

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

Insiders Place Their Bets

In other news, CEO Adam Selipsky sold 500 shares of Amazon.com stock in a transaction that occurred on Thursday, January 4th. The stock was sold at an average price of $145.63, for a total transaction of $72,815.00. Following the sale, the chief executive officer now owns 118,560 shares of the company’s stock, valued at approximately $17,265,892.80. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other news, insider Jeffrey P. Bezos sold 2,009,208 shares of Amazon.com stock in a transaction that occurred on Tuesday, February 20th. The stock was sold at an average price of $166.79, for a total transaction of $335,115,802.32. Following the sale, the insider now owns 938,251,817 shares of the company’s stock, valued at approximately $156,491,020,557.43. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Adam Selipsky sold 500 shares of Amazon.com stock in a transaction that occurred on Thursday, January 4th. The stock was sold at an average price of $145.63, for a total value of $72,815.00. Following the sale, the chief executive officer now directly owns 118,560 shares in the company, valued at approximately $17,265,892.80. The disclosure for this sale can be found here. Insiders have sold a total of 32,210,510 shares of company stock valued at $5,505,223,106 in the last three months. Company insiders own 12.70% of the company’s stock.

Institutional Trading of Amazon.com

Several institutional investors have recently bought and sold shares of AMZN. Mayflower Financial Advisors LLC raised its position in Amazon.com by 0.3% in the 3rd quarter. Mayflower Financial Advisors LLC now owns 194,762 shares of the e-commerce giant’s stock valued at $25,000 after purchasing an additional 572 shares during the last quarter. Cooksen Wealth LLC bought a new stake in shares of Amazon.com during the fourth quarter worth $30,000. PayPay Securities Corp raised its position in shares of Amazon.com by 54.3% during the third quarter. PayPay Securities Corp now owns 267 shares of the e-commerce giant’s stock worth $34,000 after acquiring an additional 94 shares during the last quarter. Laurel Wealth Planning LLC raised its position in shares of Amazon.com by 1,900.0% during the second quarter. Laurel Wealth Planning LLC now owns 320 shares of the e-commerce giant’s stock worth $34,000 after acquiring an additional 304 shares during the last quarter. Finally, Sanctuary Wealth Management L.L.C. bought a new stake in shares of Amazon.com during the fourth quarter worth $37,000. 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.