Amazon.com’s (AMZN) Buy Rating Reaffirmed at Rosenblatt Securities

Rosenblatt Securities reissued their buy rating on shares of Amazon.com (NASDAQ:AMZN) in a research note issued to investors on Wednesday, Benzinga reports. Rosenblatt Securities currently has a $220.00 target price on the e-commerce giant’s stock.

AMZN has been the topic of several other research reports. DA Davidson reissued a buy rating and set a $235.00 target price on shares of Amazon.com in a research note on Thursday, April 18th. Evercore ISI raised their price objective on shares of Amazon.com from $220.00 to $225.00 and gave the company an outperform rating in a research report on Wednesday. Barclays raised their price objective 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. Canaccord Genuity Group raised their price objective on shares of Amazon.com from $185.00 to $200.00 and gave the company a buy rating in a research report on Friday, February 2nd. Finally, Sanford C. Bernstein raised their price objective on shares of Amazon.com from $175.00 to $200.00 and gave the company an outperform rating in a research report on Friday, February 2nd. One equities 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’s stock. According to data from MarketBeat, the stock has an average rating of Buy and an average price target of $210.18.

Amazon.com Stock Up 2.3 %

Amazon.com stock opened at $179.00 on Wednesday. The stock has a market cap of $1.86 trillion, a price-to-earnings ratio of 61.72, a PEG ratio of 1.57 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. The company’s 50-day moving average price is $178.59 and its two-hundred day moving average price is $159.78. Amazon.com has a 52 week low of $101.15 and a 52 week high of $189.77.

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

Insider Activity at Amazon.com

In other Amazon.com news, insider Jeffrey P. Bezos sold 5,998,849 shares of the stock in a transaction on Wednesday, February 7th. The shares were sold at an average price of $170.16, for a total transaction of $1,020,764,145.84. Following the transaction, the insider now directly owns 982,252,968 shares of the company’s stock, valued at $167,140,165,034.88. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In other Amazon.com news, insider Jeffrey P. Bezos sold 5,998,849 shares of the firm’s stock in a transaction dated Wednesday, February 7th. The stock was sold at an average price of $170.16, for a total transaction of $1,020,764,145.84. Following the transaction, the insider now directly owns 982,252,968 shares in the company, valued at $167,140,165,034.88. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, CEO Adam Selipsky sold 500 shares of the firm’s stock in a transaction dated Thursday, March 21st. The shares were sold at an average price of $180.00, for a total value of $90,000.00. Following the transaction, the chief executive officer now owns 132,600 shares in the company, valued at $23,868,000. The disclosure for this sale can be found here. In 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.

Hedge Funds Weigh In On Amazon.com

Several institutional investors have recently bought and sold shares of the stock. 1900 Wealth Management LLC increased its stake in shares of Amazon.com by 7.9% in the third quarter. 1900 Wealth Management LLC now owns 26,006 shares of the e-commerce giant’s stock worth $3,306,000 after purchasing an additional 1,899 shares during the period. Park Place Capital Corp increased its stake in shares of Amazon.com by 4.0% in the third quarter. Park Place Capital Corp now owns 22,054 shares of the e-commerce giant’s stock worth $2,804,000 after purchasing an additional 857 shares during the period. Kozak & Associates Inc. increased its stake in shares of Amazon.com by 81.9% in the third quarter. Kozak & Associates Inc. now owns 54,534 shares of the e-commerce giant’s stock worth $6,978,000 after purchasing an additional 24,549 shares during the period. Avior Wealth Management LLC increased its stake in shares of Amazon.com by 0.3% in the third quarter. Avior Wealth Management LLC now owns 71,767 shares of the e-commerce giant’s stock worth $9,123,000 after purchasing an additional 225 shares during the period. Finally, Founders Financial Securities LLC increased its stake in shares of Amazon.com by 5.6% in the third quarter. Founders Financial Securities LLC now owns 40,762 shares of the e-commerce giant’s stock worth $5,182,000 after purchasing an additional 2,147 shares during the period. 72.20% of the stock is currently owned by institutional investors.

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.