Amazon.com (NASDAQ:AMZN) Earns “Market Outperform” Rating from JMP Securities

JMP Securities restated their market outperform rating on shares of Amazon.com (NASDAQ:AMZN) in a research note issued to investors on Wednesday morning, Benzinga reports. They currently have a $225.00 target price on the e-commerce giant’s stock.

AMZN has been the topic of several other research reports. UBS Group lifted their price target on Amazon.com from $180.00 to $198.00 and gave the company a buy rating in a research note on Friday, February 2nd. Deutsche Bank Aktiengesellschaft lifted their price target on Amazon.com from $175.00 to $200.00 and gave the company a buy rating in a research note on Friday, February 2nd. Stifel Nicolaus lifted their target price on Amazon.com from $200.00 to $224.00 and gave the company a buy rating in a research report on Tuesday, April 16th. The Goldman Sachs Group lifted their target price on Amazon.com from $200.00 to $220.00 and gave the company a buy rating in a research report on Friday, February 2nd. Finally, Barclays lifted their target price on Amazon.com from $190.00 to $220.00 and gave the company an overweight rating in a research report on Friday, February 2nd. One research analyst has rated the stock with a hold rating, forty-four have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the stock has a consensus rating of Buy and an average price target of $205.13.

Amazon.com Stock Performance

AMZN stock opened at $179.62 on Wednesday. The business’s 50-day moving average price is $177.99 and its two-hundred day moving average price is $158.59. Amazon.com has a 1-year low of $101.15 and a 1-year high of $189.77. The firm has a market cap of $1.87 trillion, a PE ratio of 61.94, a P/E/G ratio of 1.53 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 (NASDAQ:AMZN) last released its quarterly earnings results on Thursday, February 1st. The e-commerce giant reported $1.00 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.81 by $0.19. Amazon.com had a return on equity of 16.61% and a net margin of 5.29%. The firm had revenue of $169.96 billion for the quarter, compared to the consensus estimate of $165.96 billion. During the same quarter last year, the business posted $0.21 EPS. The company’s revenue for the quarter was up 13.9% on a year-over-year basis. As a group, research analysts forecast that Amazon.com will post 4.1 earnings per share for the current year.

Insider Activity at Amazon.com

In related news, CEO Adam Selipsky sold 500 shares of the business’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 completion of the sale, the chief executive officer now directly owns 116,560 shares in the company, valued at $18,150,723.20. The sale was disclosed in a filing with the SEC, which is available at this link. In other Amazon.com news, CEO Andrew R. Jassy sold 50,000 shares of the business’s stock in a transaction that occurred on Friday, February 16th. The shares were sold at an average price of $168.65, for a total transaction of $8,432,500.00. Following the completion of the transaction, the chief executive officer now directly owns 2,014,055 shares in the company, valued at $339,670,375.75. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO Adam Selipsky sold 500 shares of the business’s stock in a transaction that occurred 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 transaction, the chief executive officer now owns 116,560 shares of the company’s stock, valued at $18,150,723.20. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 32,214,010 shares of company stock worth $5,505,889,146. Company insiders own 10.30% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the company. Ridgecrest Wealth Partners LLC raised its position in Amazon.com by 0.7% during the first quarter. Ridgecrest Wealth Partners LLC now owns 7,755 shares of the e-commerce giant’s stock valued at $1,399,000 after purchasing an additional 56 shares in the last quarter. Stordahl Capital Management Inc. raised its position in Amazon.com by 2.1% during the first quarter. Stordahl Capital Management Inc. now owns 2,763 shares of the e-commerce giant’s stock valued at $498,000 after purchasing an additional 56 shares in the last quarter. Echo45 Advisors LLC increased its holdings in shares of Amazon.com by 0.9% during the first quarter. Echo45 Advisors LLC now owns 6,619 shares of the e-commerce giant’s stock worth $1,194,000 after buying an additional 59 shares in the last quarter. Boyd Wealth Management LLC increased its holdings in shares of Amazon.com by 1.7% during the first quarter. Boyd Wealth Management LLC now owns 3,655 shares of the e-commerce giant’s stock worth $659,000 after buying an additional 60 shares in the last quarter. Finally, ShoreHaven Wealth Partners LLC increased its holdings in shares of Amazon.com by 1.9% during the fourth quarter. ShoreHaven Wealth Partners LLC now owns 3,234 shares of the e-commerce giant’s stock worth $491,000 after buying an additional 60 shares in the last quarter. 72.20% of the stock is currently owned by institutional investors and hedge funds.

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.