Amazon.com (NASDAQ:AMZN) Receives Outperform Rating from Wedbush

Wedbush restated their outperform rating on shares of Amazon.com (NASDAQ:AMZN) in a report released on Wednesday, Benzinga reports. The brokerage currently has a $225.00 price target on the e-commerce giant’s stock.

A number of other analysts have also weighed in on the stock. Canaccord Genuity Group upped their price objective on shares of Amazon.com from $185.00 to $200.00 and gave the stock a buy rating in a research note on Friday, February 2nd. JPMorgan Chase & Co. increased their price target on shares of Amazon.com from $190.00 to $225.00 and gave the company an overweight rating in a research report on Friday, February 2nd. Barclays increased their price target on shares of Amazon.com from $190.00 to $220.00 and gave the company an overweight rating in a research report on Friday, February 2nd. Robert W. Baird increased their price target on shares of Amazon.com from $205.00 to $210.00 and gave the company an outperform rating in a research report on Wednesday. Finally, Evercore ISI increased their price target on shares of Amazon.com from $220.00 to $225.00 and gave the company an outperform rating in a research report on Wednesday. One research analyst has rated the stock with a hold rating, forty-four have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, Amazon.com has a consensus rating of Buy and an average price target of $210.18.

Amazon.com Stock Up 2.3 %

NASDAQ:AMZN opened at $179.00 on Wednesday. Amazon.com has a 1-year low of $101.15 and a 1-year high of $189.77. The company has a 50-day moving average of $178.59 and a 200 day moving average of $159.78. The firm has a market cap 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 debt-to-equity ratio of 0.29, a current ratio of 1.05 and a quick ratio of 0.84.

Amazon.com (NASDAQ:AMZN) last released its quarterly earnings data on Tuesday, April 30th. The e-commerce giant reported $0.98 earnings per share 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 analyst estimates of $142.65 billion. During the same period in the prior year, the firm earned $0.31 earnings per share. The firm’s revenue for the quarter was up 12.5% compared to the same quarter last year. As a group, research analysts anticipate that Amazon.com will post 4.11 EPS for the current fiscal year.

Insider Activity

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

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Better Money Decisions LLC raised its holdings in shares of Amazon.com by 3.3% during the 1st quarter. Better Money Decisions LLC now owns 8,449 shares of the e-commerce giant’s stock worth $1,524,000 after acquiring an additional 266 shares during the period. Crown Wealth Group LLC raised its holdings in shares of Amazon.com by 18.5% during the 1st quarter. Crown Wealth Group LLC now owns 20,478 shares of the e-commerce giant’s stock worth $3,694,000 after acquiring an additional 3,193 shares during the period. ESG Planning DBA Harper Investing raised its holdings in shares of Amazon.com by 61.0% during the 1st quarter. ESG Planning DBA Harper Investing now owns 10,584 shares of the e-commerce giant’s stock worth $1,909,000 after acquiring an additional 4,009 shares during the period. Hunter Associates Investment Management LLC raised its holdings in shares of Amazon.com by 2.0% during the 1st quarter. Hunter Associates Investment Management LLC now owns 10,101 shares of the e-commerce giant’s stock worth $1,821,000 after acquiring an additional 200 shares during the period. Finally, Rockline Wealth Management LLC raised its holdings in shares of Amazon.com by 7.6% during the 1st quarter. Rockline Wealth Management LLC now owns 32,544 shares of the e-commerce giant’s stock worth $5,870,000 after acquiring an additional 2,285 shares during the period. 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.