Amazon.com (NASDAQ:AMZN) Given “Buy” Rating at Benchmark

Benchmark reissued their buy rating on shares of Amazon.com (NASDAQ:AMZN) in a research report released on Wednesday morning, Benzinga reports. The firm currently has a $200.00 price objective on the e-commerce giant’s stock.

Several other analysts also recently issued reports on the company. DA Davidson restated a buy rating and issued a $235.00 price objective on shares of Amazon.com in a research report on Thursday, April 18th. Wedbush reiterated an outperform rating and set a $225.00 target price on shares of Amazon.com in a research report on Wednesday. JMP Securities reiterated a market outperform rating and set a $225.00 target price on shares of Amazon.com in a research report on Wednesday, April 24th. The Goldman Sachs Group increased their target price on Amazon.com from $220.00 to $225.00 and gave the stock a buy rating in a research report on Wednesday. Finally, TD Cowen increased their target price on Amazon.com from $200.00 to $225.00 and gave the stock an outperform rating in a research report on Friday, February 2nd. One 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 company. According to data from MarketBeat, the company currently has a consensus rating of Buy and a consensus price target of $210.18.

Amazon.com Stock Up 2.3 %

Shares of NASDAQ:AMZN opened at $179.00 on Wednesday. The company has a quick ratio of 0.84, a current ratio of 1.05 and a debt-to-equity ratio of 0.29. Amazon.com has a 52-week low of $101.15 and a 52-week high of $189.77. The stock’s fifty day simple moving average is $178.59 and its 200-day simple moving average is $159.78. The company has a market capitalization of $1.86 trillion, a P/E ratio of 61.72, a P/E/G ratio of 1.57 and a beta of 1.16.

Amazon.com (NASDAQ:AMZN) last issued its quarterly earnings data on Tuesday, April 30th. The e-commerce giant reported $0.98 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.83 by $0.15. Amazon.com had a return on equity of 16.61% and a net margin of 5.29%. The business had revenue of $143.31 billion for the quarter, compared to the consensus estimate of $142.65 billion. During the same period in the prior year, the business earned $0.31 earnings per share. The business’s revenue was up 12.5% on a year-over-year basis. As a group, equities research analysts forecast that Amazon.com will post 4.11 earnings per share for the current fiscal year.

Insider Activity at Amazon.com

In related news, insider Jeffrey P. Bezos sold 5,998,849 shares of the stock in a transaction dated Wednesday, February 7th. The stock was sold at an average price of $170.16, for a total value of $1,020,764,145.84. Following the completion of the transaction, the insider now owns 982,252,968 shares of the company’s stock, valued at $167,140,165,034.88. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In related news, insider Jeffrey P. Bezos sold 5,998,849 shares of the stock in a transaction dated Wednesday, February 7th. The stock was sold at an average price of $170.16, for a total value of $1,020,764,145.84. Following the completion of the transaction, the insider now owns 982,252,968 shares of the company’s stock, valued at $167,140,165,034.88. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Adam Selipsky sold 500 shares of the stock in a transaction dated Thursday, April 4th. The shares were sold at an average price of $184.00, for a total value of $92,000.00. Following the completion of the transaction, the chief executive officer now directly owns 131,600 shares of the company’s stock, valued at approximately $24,214,400. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 32,213,510 shares of company stock valued at $5,505,811,286. Insiders own 10.30% of the company’s stock.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of AMZN. Cooksen Wealth LLC bought a new position in Amazon.com during the 4th quarter worth approximately $30,000. PayPay Securities Corp lifted its holdings 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. lifted its holdings 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 bought a new position in Amazon.com during the 4th quarter worth approximately $43,000. Finally, Harbor Investment Advisory LLC lifted its holdings 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. Institutional investors 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.