Amazon.com’s (AMZN) Market Outperform Rating Reaffirmed at JMP Securities

JMP Securities restated their market outperform rating on shares of Amazon.com (NASDAQ:AMZN) in a research note released on Wednesday morning, Benzinga reports. The firm currently has a $225.00 price target on the e-commerce giant’s stock.

AMZN has been the subject of several other reports. Monness Crespi & Hardt upped their price target on shares of Amazon.com from $215.00 to $225.00 and gave the stock a buy rating in a report on Wednesday. Raymond James boosted their price objective on shares of Amazon.com from $200.00 to $205.00 and gave the stock a strong-buy rating in a research note on Wednesday. TD Cowen boosted their price objective on shares of Amazon.com from $200.00 to $225.00 and gave the stock an outperform rating in a research note on Friday, February 2nd. DA Davidson reissued a buy rating and issued a $235.00 price objective on shares of Amazon.com in a research note on Thursday, April 18th. Finally, Maxim Group reduced their price objective on shares of Amazon.com from $318.00 to $238.00 and set a buy rating on the stock in a research note on Wednesday. One investment 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’s stock. Based on data from MarketBeat, Amazon.com presently has a consensus rating of Buy and an average target price of $210.18.

Amazon.com Stock Up 2.3 %

Shares of NASDAQ:AMZN opened at $179.00 on Wednesday. The company has a fifty day moving average of $178.59 and a 200-day moving average of $159.78. 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 debt-to-equity ratio of 0.29, a quick ratio of 0.84 and a current ratio of 1.05. Amazon.com has a 52-week low of $101.15 and a 52-week high of $189.77.

Amazon.com (NASDAQ:AMZN) last announced 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. The company had revenue of $143.31 billion during the quarter, compared to the consensus estimate of $142.65 billion. Amazon.com had a net margin of 5.29% and a return on equity of 16.61%. The company’s revenue for the quarter was up 12.5% compared to the same quarter last year. During the same period in the prior year, the business earned $0.31 earnings per share. On average, equities analysts predict that Amazon.com will post 4.11 EPS for the current fiscal year.

Insider Buying and Selling at Amazon.com

In other Amazon.com news, insider Jeffrey P. Bezos sold 5,998,849 shares of the stock in a transaction dated Wednesday, February 7th. The shares were sold at an average price of $170.16, for a total value of $1,020,764,145.84. Following the completion of the sale, the insider now owns 982,252,968 shares in the company, valued at approximately $167,140,165,034.88. The transaction was disclosed in a document filed with the SEC, which is available at this link. In other Amazon.com news, insider Jeffrey P. Bezos sold 5,998,849 shares of the stock in a transaction dated Wednesday, February 7th. The shares were sold at an average price of $170.16, for a total value of $1,020,764,145.84. Following the completion of the sale, the insider now owns 982,252,968 shares in the company, valued at approximately $167,140,165,034.88. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, insider Jeffrey P. Bezos sold 2,009,208 shares of the stock in a transaction dated Tuesday, February 20th. The shares were sold at an average price of $166.79, for a total transaction of $335,115,802.32. Following the completion of the sale, the insider now owns 938,251,817 shares of the company’s stock, valued at approximately $156,491,020,557.43. The disclosure for this sale can be found here. In the last 90 days, insiders sold 32,213,510 shares of company stock worth $5,505,811,286. Insiders own 10.30% of the company’s stock.

Institutional Investors Weigh In On Amazon.com

Several institutional investors and hedge funds have recently added to or reduced their stakes in AMZN. Norges Bank bought a new position in shares of Amazon.com during the 4th quarter valued at approximately $17,700,551,000. Vanguard Group Inc. grew its position in shares of Amazon.com by 4.4% during the 3rd quarter. Vanguard Group Inc. now owns 757,951,795 shares of the e-commerce giant’s stock valued at $96,350,832,000 after acquiring an additional 32,038,029 shares during the period. International Assets Investment Management LLC grew its position in shares of Amazon.com by 16,029.3% during the 4th quarter. International Assets Investment Management LLC now owns 23,865,216 shares of the e-commerce giant’s stock valued at $36,260,810,000 after acquiring an additional 23,717,254 shares during the period. FMR LLC boosted its holdings in Amazon.com by 7.7% in the 3rd quarter. FMR LLC now owns 302,101,441 shares of the e-commerce giant’s stock worth $38,403,135,000 after buying an additional 21,649,871 shares during the period. Finally, Jennison Associates LLC boosted its holdings in Amazon.com by 28.4% in the 3rd quarter. Jennison Associates LLC now owns 54,981,548 shares of the e-commerce giant’s stock worth $6,989,254,000 after buying an additional 12,176,114 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.