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

Amazon.com (NASDAQ:AMZN)‘s stock had its “buy” rating reissued by analysts at Roth Mkm in a note issued to investors on Tuesday, Benzinga reports. They presently have a $205.00 price target on the e-commerce giant’s stock. Roth Mkm’s target price suggests a potential upside of 13.08% from the stock’s current price.

Several other brokerages have also recently commented on AMZN. Royal Bank of Canada boosted their target price on Amazon.com from $180.00 to $215.00 and gave the stock an “outperform” rating in a report on Friday, February 2nd. Susquehanna boosted their target price on Amazon.com from $185.00 to $220.00 and gave the stock a “positive” rating in a report on Friday, February 2nd. Telsey Advisory Group reissued an “outperform” rating and set a $200.00 target price on shares of Amazon.com in a report on Wednesday, March 27th. Barclays boosted their target price on Amazon.com from $190.00 to $220.00 and gave the stock an “overweight” rating in a report on Friday, February 2nd. Finally, Monness Crespi & Hardt boosted their target price on Amazon.com from $170.00 to $215.00 and gave the stock a “buy” rating in a report on Friday, February 2nd. One equities research analyst has rated the stock with a hold rating, forty-four have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, Amazon.com currently has an average rating of “Buy” and an average target price of $202.80.

Amazon.com Stock Performance

AMZN opened at $181.28 on Tuesday. The business’s 50 day moving average is $177.09 and its 200-day moving average is $156.36. The stock has a market cap of $1.89 trillion, a PE ratio of 62.51, a price-to-earnings-growth ratio of 1.60 and a beta of 1.16. 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 twelve month low of $101.15 and a twelve month high of $189.77.

Amazon.com (NASDAQ:AMZN) last released its quarterly earnings results on Thursday, February 1st. The e-commerce giant reported $1.00 earnings per share for the quarter, beating analysts’ consensus estimates of $0.81 by $0.19. The company had revenue of $169.96 billion for the quarter, compared to analysts’ expectations of $165.96 billion. Amazon.com had a return on equity of 16.61% and a net margin of 5.29%. The business’s revenue for the quarter was up 13.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.21 earnings per share. On average, analysts predict that Amazon.com will post 4.08 earnings per share for the current year.

Insiders Place Their Bets

In other news, CEO Adam Selipsky sold 500 shares of the company’s stock in a transaction dated Thursday, February 1st. The stock was sold at an average price of $155.72, for a total transaction of $77,860.00. Following the completion of the sale, the chief executive officer now owns 116,560 shares in the company, valued at approximately $18,150,723.20. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. In other news, CEO Adam Selipsky sold 500 shares of the company’s stock in a transaction dated Thursday, February 1st. The stock was sold at an average price of $155.72, for a total transaction of $77,860.00. Following the completion of the sale, the chief executive officer now owns 116,560 shares in the company, valued at approximately $18,150,723.20. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CEO Douglas J. Herrington sold 20,200 shares of the company’s stock in a transaction dated Wednesday, February 7th. The stock was sold at an average price of $169.99, for a total value of $3,433,798.00. Following the sale, the chief executive officer now owns 514,131 shares of the company’s stock, valued at approximately $87,397,128.69. The disclosure for this sale can be found here. Insiders have sold a total of 32,213,510 shares of company stock valued at $5,505,798,456 in the last three months. Insiders own 12.70% of the company’s stock.

Institutional Trading of Amazon.com

Several large investors have recently made changes to their positions in AMZN. Fiduciary Planning LLC raised its holdings in shares of Amazon.com by 1.5% in the 1st quarter. Fiduciary Planning LLC now owns 349 shares of the e-commerce giant’s stock worth $1,138,000 after purchasing an additional 5 shares during the period. HBC Financial Services PLLC raised its holdings in shares of Amazon.com by 0.8% in the 1st quarter. HBC Financial Services PLLC now owns 616 shares of the e-commerce giant’s stock worth $1,717,000 after purchasing an additional 5 shares during the period. Meridian Investment Counsel Inc. raised its holdings in shares of Amazon.com by 3.4% in the 1st quarter. Meridian Investment Counsel Inc. now owns 151 shares of the e-commerce giant’s stock worth $492,000 after purchasing an additional 5 shares during the period. Alterna Wealth Management Inc. raised its holdings in shares of Amazon.com by 1.8% in the 1st quarter. Alterna Wealth Management Inc. now owns 289 shares of the e-commerce giant’s stock worth $942,000 after purchasing an additional 5 shares during the period. Finally, Archetype Wealth Partners raised its holdings in Amazon.com by 3.7% during the 1st quarter. Archetype Wealth Partners now owns 169 shares of the e-commerce giant’s stock valued at $552,000 after acquiring an additional 6 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.