Amazon.com (NASDAQ:AMZN) Receives Buy Rating from Roth Mkm

Roth Mkm reaffirmed their buy rating on shares of Amazon.com (NASDAQ:AMZN) in a report issued on Wednesday morning, Benzinga reports. They currently have a $210.00 price objective on the e-commerce giant’s stock, up from their previous price objective of $205.00.

Several other research analysts also recently weighed in on AMZN. Stifel Nicolaus boosted their target price on shares of Amazon.com from $224.00 to $228.00 and gave the company a buy rating in a research note on Wednesday. Oppenheimer boosted their target price on shares of Amazon.com from $210.00 to $220.00 and gave the company an outperform rating in a research note on Wednesday. Benchmark reissued a buy rating and issued a $200.00 target price on shares of Amazon.com in a research note on Wednesday. Royal Bank of Canada boosted their target price on shares of Amazon.com from $180.00 to $215.00 and gave the company an outperform rating in a research note on Friday, February 2nd. Finally, JPMorgan Chase & Co. boosted their target price on shares of Amazon.com from $225.00 to $240.00 and gave the company an overweight rating in a research note on Wednesday. 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 company. According to MarketBeat, the stock has a consensus rating of Buy and a consensus price target of $210.18.

Amazon.com Trading Up 2.3 %

NASDAQ:AMZN opened at $179.00 on Wednesday. The company has a market capitalization of $1.86 trillion, a PE ratio of 61.72, a price-to-earnings-growth ratio of 1.57 and a beta of 1.16. 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 has a fifty day simple moving average of $178.59 and a 200-day simple moving average of $159.78.

Amazon.com (NASDAQ:AMZN) last released its quarterly earnings results on Tuesday, April 30th. The e-commerce giant reported $0.98 earnings per share (EPS) for the quarter, topping 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 during the quarter, compared to the consensus estimate of $142.65 billion. During the same quarter in the previous year, the company posted $0.31 EPS. The business’s revenue was up 12.5% on a year-over-year basis. On average, equities research analysts expect that Amazon.com will post 4.11 earnings per share for the current fiscal year.

Insider Buying and Selling at Amazon.com

In other Amazon.com news, insider Jeffrey P. Bezos sold 2,009,208 shares of the company’s stock in a transaction that occurred on Tuesday, February 20th. The stock was sold at an average price of $166.79, for a total value of $335,115,802.32. Following the transaction, the insider now directly owns 938,251,817 shares of the company’s stock, valued at approximately $156,491,020,557.43. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. In other Amazon.com news, insider Jeffrey P. Bezos sold 2,009,208 shares of the company’s stock in a transaction that occurred on Tuesday, February 20th. The stock was sold at an average price of $166.79, for a total value of $335,115,802.32. Following the transaction, the insider now directly owns 938,251,817 shares of the company’s stock, valued at approximately $156,491,020,557.43. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, VP Shelley Reynolds sold 3,100 shares of the company’s stock in a transaction that occurred on Wednesday, February 21st. The shares were sold at an average price of $168.97, for a total value of $523,807.00. Following the completion of the transaction, the vice president now directly owns 119,780 shares in the company, valued at $20,239,226.60. The disclosure for this sale can be found here. Insiders have sold a total of 32,213,510 shares of company stock valued at $5,505,811,286 in the last three months. Corporate insiders own 10.30% of the company’s stock.

Hedge Funds Weigh In On Amazon.com

A number of institutional investors have recently made changes to their positions in the business. Cooksen Wealth LLC acquired a new stake in shares of Amazon.com during the 4th quarter valued at approximately $30,000. PayPay Securities Corp raised its position in shares of Amazon.com by 54.3% during the 3rd quarter. PayPay Securities Corp now owns 267 shares of the e-commerce giant’s stock valued at $34,000 after acquiring an additional 94 shares in the last quarter. E Fund Management Hong Kong Co. Ltd. raised its position in shares of 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 valued at $42,000 after acquiring an additional 86 shares in the last quarter. Strid Group LLC acquired a new stake in shares of Amazon.com during the 4th quarter valued at approximately $43,000. Finally, Harbor Investment Advisory LLC raised its position in shares of 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 valued at $46,000 after acquiring an additional 1,988 shares in the last quarter. 72.20% of the stock is 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.