Amazon.com (NASDAQ:AMZN) Rating Reiterated by Needham & Company LLC

Needham & Company LLC restated their buy rating on shares of Amazon.com (NASDAQ:AMZN) in a report released on Wednesday morning, Benzinga reports. The firm currently has a $205.00 price target on the e-commerce giant’s stock.

Several other equities research analysts also recently issued reports on the stock. The Goldman Sachs Group raised their target price on shares of Amazon.com from $200.00 to $220.00 and gave the company a buy rating in a research note on Friday, February 2nd. JMP Securities reiterated a market outperform rating and issued a $225.00 target price on shares of Amazon.com in a research note on Wednesday, April 24th. Moffett Nathanson reiterated a buy rating and issued a $228.00 target price on shares of Amazon.com in a research note on Thursday, April 11th. Maxim Group initiated coverage on shares of Amazon.com in a research note on Wednesday, April 17th. They issued a buy rating and a $218.00 target price for the company. Finally, Citigroup raised their target price on shares of Amazon.com from $215.00 to $235.00 and gave the company a buy rating in a research note on Wednesday, April 24th. One investment analyst has rated the stock with a hold rating, forty-four have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, Amazon.com presently has a consensus rating of Buy and a consensus price target of $210.18.

Amazon.com Trading Up 2.3 %

Amazon.com stock opened at $179.00 on Wednesday. The firm has a 50-day moving average of $178.59 and a 200-day moving average of $159.78. 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 current ratio of 1.05 and a quick ratio of 0.84. The company has a market cap of $1.86 trillion, a price-to-earnings ratio of 61.72, a P/E/G ratio of 1.57 and a beta of 1.16.

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

Insider Activity at Amazon.com

In related news, CEO Douglas J. Herrington sold 20,200 shares of Amazon.com stock in a transaction that occurred on Wednesday, February 7th. The shares were sold at an average price of $169.99, for a total value of $3,433,798.00. Following the transaction, the chief executive officer now directly owns 514,131 shares of the company’s stock, valued at $87,397,128.69. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other Amazon.com news, CEO Douglas J. Herrington sold 20,200 shares of the firm’s stock in a transaction that occurred on Wednesday, February 7th. The shares were 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 in the company, valued at $87,397,128.69. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Adam Selipsky sold 500 shares of the firm’s stock in a transaction that occurred on Thursday, April 18th. The shares were sold at an average price of $181.38, for a total transaction of $90,690.00. Following the completion of the sale, the chief executive officer now owns 130,600 shares in the company, valued at approximately $23,688,228. The disclosure for this sale can be found here. Insiders have sold 32,213,510 shares of company stock valued at $5,505,811,286 over the last three months. 10.30% of the stock is owned by insiders.

Institutional Trading of Amazon.com

Hedge funds have recently added to or reduced their stakes in the stock. Cooksen Wealth LLC acquired a new stake in Amazon.com in the fourth quarter valued at approximately $30,000. PayPay Securities Corp lifted its holdings in shares of Amazon.com by 54.3% during the third quarter. PayPay Securities Corp now owns 267 shares of the e-commerce giant’s stock worth $34,000 after purchasing an additional 94 shares during the period. E Fund Management Hong Kong Co. Ltd. lifted its holdings in shares of Amazon.com by 45.0% during the fourth quarter. E Fund Management Hong Kong Co. Ltd. now owns 277 shares of the e-commerce giant’s stock worth $42,000 after purchasing an additional 86 shares during the period. Strid Group LLC acquired a new position in shares of Amazon.com during the fourth quarter worth $43,000. Finally, Clarity Asset Management Inc. acquired a new position in shares of Amazon.com during the fourth quarter worth $46,000. Institutional investors and hedge funds 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.