Amazon.com’s (AMZN) “Overweight” Rating Reaffirmed at Piper Sandler

Amazon.com (NASDAQ:AMZN)‘s stock had its “overweight” rating restated by equities researchers at Piper Sandler in a research report issued on Friday,Benzinga reports. They presently have a $265.00 price objective on the e-commerce giant’s stock, up from their previous price objective of $225.00. Piper Sandler’s price objective suggests a potential upside of 13.74% from the stock’s current price.

AMZN has been the subject of a number of other reports. Redburn Atlantic boosted their target price on shares of Amazon.com from $225.00 to $235.00 and gave the company a “buy” rating in a research note on Tuesday, November 26th. BMO Capital Markets reissued an “outperform” rating and set a $236.00 price target on shares of Amazon.com in a report on Tuesday, December 3rd. Moffett Nathanson increased their target price on Amazon.com from $235.00 to $248.00 and gave the stock a “buy” rating in a research report on Tuesday, November 26th. Robert W. Baird upped their price target on Amazon.com from $220.00 to $260.00 and gave the stock an “outperform” rating in a research note on Friday, December 13th. Finally, Sanford C. Bernstein boosted their target price on shares of Amazon.com from $235.00 to $265.00 and gave the stock an “outperform” rating in a report on Wednesday, December 18th. Two equities research analysts have rated the stock with a hold rating, forty-one have assigned a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $254.91.

Amazon.com Price Performance

Shares of NASDAQ AMZN opened at $232.99 on Friday. Amazon.com has a 1 year low of $151.61 and a 1 year high of $242.52. The stock has a market capitalization of $2.45 trillion, a P/E ratio of 49.89, a P/E/G ratio of 1.35 and a beta of 1.15. The company’s 50-day moving average is $226.51 and its 200 day moving average is $200.30. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.09 and a quick ratio of 0.87.

Amazon.com (NASDAQ:AMZN) last released its earnings results on Thursday, February 6th. The e-commerce giant reported $1.86 EPS for the quarter, beating analysts’ consensus estimates of $1.52 by $0.34. Amazon.com had a return on equity of 22.41% and a net margin of 8.04%. On average, sell-side analysts expect that Amazon.com will post 5.3 earnings per share for the current year.

Insiders Place Their Bets

In other Amazon.com news, insider Jeffrey P. Bezos sold 2,996,362 shares of the stock in a transaction on Monday, November 11th. The stock was sold at an average price of $206.75, for a total transaction of $619,497,843.50. Following the completion of the transaction, the insider now directly owns 914,420,614 shares of the company’s stock, valued at approximately $189,056,461,944.50. This trade represents a 0.33 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Matthew S. Garman sold 15,260 shares of the business’s stock in a transaction on Thursday, November 21st. The stock was sold at an average price of $200.19, for a total value of $3,054,899.40. Following the completion of the sale, the chief executive officer now directly owns 349,261 shares in the company, valued at $69,918,559.59. This represents a 4.19 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 3,026,212 shares of company stock valued at $625,666,424. Company insiders own 10.80% of the company’s stock.

Institutional Investors Weigh In On Amazon.com

Hedge funds have recently bought and sold shares of the business. Accordant Advisory Group Inc lifted its position in shares of Amazon.com by 400.0% in the fourth quarter. Accordant Advisory Group Inc now owns 125 shares of the e-commerce giant’s stock worth $27,000 after buying an additional 100 shares during the last quarter. Hoese & Co LLP acquired a new position in Amazon.com during the third quarter valued at approximately $37,000. Compass Planning Associates Inc bought a new position in shares of Amazon.com in the fourth quarter valued at approximately $51,000. Quattro Financial Advisors LLC lifted its stake in shares of Amazon.com by 23.8% in the fourth quarter. Quattro Financial Advisors LLC now owns 234 shares of the e-commerce giant’s stock worth $51,000 after buying an additional 45 shares during the last quarter. Finally, Bull Oak Capital LLC bought a new stake in shares of Amazon.com during the 3rd quarter worth $45,000. 72.20% of the stock is owned by hedge funds and other 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.