Amazon.com’s (AMZN) “Buy” Rating Reaffirmed at Needham & Company LLC

Needham & Company LLC restated their buy rating on shares of Amazon.com (NASDAQ:AMZN) in a research note released on Thursday morning, Benzinga reports. They currently have a $205.00 price objective on the e-commerce giant’s stock.

AMZN has been the topic of several other reports. Royal Bank of Canada raised their target price on shares of Amazon.com from $180.00 to $215.00 and gave the stock an outperform rating in a research report on Friday, February 2nd. Morgan Stanley raised their target price on shares of Amazon.com from $185.00 to $200.00 and gave the stock an overweight rating in a research report on Friday, February 2nd. TD Cowen raised their target price on shares of Amazon.com from $200.00 to $225.00 and gave the stock an outperform rating in a research report on Friday, February 2nd. Bank of America raised their target price on shares of Amazon.com from $185.00 to $204.00 and gave the stock a buy rating in a research report on Friday, February 2nd. Finally, Mizuho lifted their price target on shares of Amazon.com from $220.00 to $230.00 and gave the company a buy rating in a research report on Friday, February 2nd. One investment analyst has rated the stock with a hold rating, forty-four have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, Amazon.com has a consensus rating of Buy and a consensus target price of $202.80.

Amazon.com Stock Performance

Shares of NASDAQ AMZN opened at $179.22 on Thursday. The company has a market cap of $1.86 trillion, a PE ratio of 61.80, a price-to-earnings-growth ratio of 1.60 and a beta of 1.16. Amazon.com has a 12 month low of $101.15 and a 12 month high of $189.77. The company has a debt-to-equity ratio of 0.29, a current ratio of 1.05 and a quick ratio of 0.84. The company has a 50-day simple moving average of $177.28 and a 200-day simple moving average of $156.52.

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

Insider Activity

In other news, CEO Adam Selipsky sold 500 shares of the business’s stock in a transaction on Thursday, February 1st. The shares were sold at an average price of $155.72, for a total transaction of $77,860.00. Following the completion of the transaction, the chief executive officer now owns 116,560 shares of the company’s stock, valued at $18,150,723.20. The sale 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 business’s stock in a transaction on Thursday, February 1st. The shares were sold at an average price of $155.72, for a total transaction of $77,860.00. Following the completion of the transaction, the chief executive officer now owns 116,560 shares of the company’s stock, valued at $18,150,723.20. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CEO Andrew R. Jassy sold 50,000 shares of the company’s stock in a transaction dated Friday, February 16th. The stock was sold at an average price of $168.65, for a total transaction of $8,432,500.00. Following the completion of the sale, the chief executive officer now directly owns 2,014,055 shares of the company’s stock, valued at approximately $339,670,375.75. The disclosure for this sale can be found here. Over the last quarter, insiders sold 32,213,510 shares of company stock valued at $5,505,798,456. 12.30% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Amazon.com

Several institutional investors have recently bought and sold shares of AMZN. State Street Corp lifted its holdings in Amazon.com by 1,869.1% in the 2nd quarter. State Street Corp now owns 326,727,487 shares of the e-commerce giant’s stock valued at $34,701,726,000 after acquiring an additional 310,134,486 shares during the last quarter. Price T Rowe Associates Inc. MD lifted its holdings in Amazon.com by 1,838.8% in the 2nd quarter. Price T Rowe Associates Inc. MD now owns 311,971,394 shares of the e-commerce giant’s stock valued at $33,134,481,000 after acquiring an additional 295,880,050 shares during the last quarter. FMR LLC lifted its holdings in Amazon.com by 1,792.4% in the 2nd quarter. FMR LLC now owns 286,047,356 shares of the e-commerce giant’s stock valued at $30,381,089,000 after acquiring an additional 270,931,640 shares during the last quarter. Norges Bank acquired a new stake in Amazon.com in the 4th quarter valued at about $17,700,551,000. Finally, Moneta Group Investment Advisors LLC lifted its holdings in Amazon.com by 120,235.9% in the 4th quarter. Moneta Group Investment Advisors LLC now owns 116,480,298 shares of the e-commerce giant’s stock valued at $9,784,345,000 after acquiring an additional 116,383,502 shares during the last quarter. 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.