Amazon.com (NASDAQ:AMZN) Stock Rating Reaffirmed by Benchmark

Amazon.com (NASDAQ:AMZN)‘s stock had its “buy” rating reaffirmed by equities researchers at Benchmark in a report released on Wednesday, Benzinga reports. They presently have a $200.00 target price on the e-commerce giant’s stock. Benchmark’s target price would indicate a potential upside of 15.16% from the company’s previous close.

Several other analysts have also recently issued reports on AMZN. Raymond James upped their target price on Amazon.com from $185.00 to $200.00 and gave the company a “strong-buy” rating in a report on Friday, February 2nd. Wedbush upped their target price on Amazon.com from $220.00 to $225.00 and gave the company an “outperform” rating in a report on Wednesday. Royal Bank of Canada upped their target price on Amazon.com from $180.00 to $215.00 and gave the company an “outperform” rating in a report on Friday, February 2nd. JMP Securities upped their target price on Amazon.com from $175.00 to $225.00 and gave the company an “outperform” rating in a report on Friday, February 2nd. Finally, Susquehanna increased their price target on Amazon.com from $185.00 to $220.00 and gave the stock a “positive” rating in a report on Friday, February 2nd. One analyst has rated the stock with a hold rating, forty-four have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Buy” and an average target price of $205.13.

Amazon.com Stock Down 1.7 %

NASDAQ AMZN opened at $173.67 on Wednesday. The business has a fifty day moving average price of $177.79 and a 200 day moving average price of $158.23. Amazon.com has a one year low of $101.15 and a one year high of $189.77. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.84 and a current ratio of 1.05. The company has a market cap of $1.80 trillion, a P/E ratio of 59.89, a P/E/G ratio of 1.56 and a beta of 1.16.

Amazon.com (NASDAQ:AMZN) last posted its quarterly earnings data on Thursday, February 1st. The e-commerce giant reported $1.00 EPS for the quarter, beating the consensus estimate of $0.81 by $0.19. The firm had revenue of $169.96 billion during the quarter, compared to the consensus estimate 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 was up 13.9% compared to the same quarter last year. During the same period in the prior year, the company earned $0.21 EPS. Research analysts anticipate that Amazon.com will post 4.1 EPS for the current fiscal year.

Insider Transactions at Amazon.com

In other news, CEO Adam Selipsky sold 500 shares of the firm’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 sale, the chief executive officer now owns 116,560 shares of the company’s stock, valued at approximately $18,150,723.20. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In other news, VP Shelley Reynolds sold 3,100 shares of the firm’s stock in a transaction dated Wednesday, February 21st. The stock was sold at an average price of $168.97, for a total transaction of $523,807.00. Following the sale, the vice president now owns 119,780 shares of the company’s stock, valued at approximately $20,239,226.60. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Adam Selipsky sold 500 shares of the firm’s stock in a transaction that occurred on Thursday, February 1st. The stock was sold at an average price of $155.72, for a total value of $77,860.00. Following the transaction, the chief executive officer now owns 116,560 shares in the company, valued at approximately $18,150,723.20. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 32,214,010 shares of company stock valued at $5,505,889,146. Corporate insiders own 10.30% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the company. Cooksen Wealth LLC purchased a new position in Amazon.com during the 4th quarter worth approximately $30,000. PayPay Securities Corp grew its stake in Amazon.com by 54.3% during the 3rd quarter. PayPay Securities Corp now owns 267 shares of the e-commerce giant’s stock worth $34,000 after buying an additional 94 shares during the last quarter. E Fund Management Hong Kong Co. Ltd. grew its stake in Amazon.com by 45.0% during the 4th quarter. E Fund Management Hong Kong Co. Ltd. now owns 277 shares of the e-commerce giant’s stock worth $42,000 after buying an additional 86 shares during the last quarter. Strid Group LLC purchased a new position in Amazon.com during the 4th quarter worth approximately $43,000. Finally, Harbor Investment Advisory LLC grew its stake in Amazon.com by 0.7% during the 4th quarter. Harbor Investment Advisory LLC now owns 299,959 shares of the e-commerce giant’s stock worth $46,000 after buying an additional 1,988 shares during the last quarter. Hedge funds and other 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.