Amazon.com, Inc. (NASDAQ:AMZN) Given Average Rating of “Moderate Buy” by Analysts

Amazon.com, Inc. (NASDAQ:AMZN) has earned an average rating of “Moderate Buy” from the forty-seven ratings firms that are currently covering the firm, Marketbeat.com reports. Two analysts have rated the stock with a hold recommendation, forty-four have issued a buy recommendation and one has given a strong buy recommendation to the company. The average 12-month price target among brokerages that have covered the stock in the last year is $252.73.

AMZN has been the topic of several research analyst reports. Canaccord Genuity Group reaffirmed a “buy” rating on shares of Amazon.com in a research note on Thursday, February 13th. Loop Capital lifted their price target on shares of Amazon.com from $275.00 to $285.00 and gave the company a “buy” rating in a report on Wednesday, February 12th. Telsey Advisory Group reissued an “outperform” rating and issued a $275.00 price objective on shares of Amazon.com in a research note on Friday, February 7th. Piper Sandler reaffirmed an “overweight” rating and set a $265.00 target price (up previously from $225.00) on shares of Amazon.com in a research note on Friday, February 7th. Finally, Citigroup dropped their price target on Amazon.com from $273.00 to $225.00 and set a “buy” rating for the company in a research note on Monday.

Insider Activity at Amazon.com

In other Amazon.com news, CEO Andrew R. Jassy sold 20,784 shares of Amazon.com stock in a transaction that occurred on Friday, February 21st. The shares were sold at an average price of $220.65, for a total transaction of $4,585,989.60. Following the transaction, the chief executive officer now owns 2,118,886 shares of the company’s stock, valued at $467,532,195.90. This trade represents a 0.97 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Douglas J. Herrington sold 27,500 shares of the business’s stock in a transaction on Wednesday, February 12th. The stock was sold at an average price of $230.27, for a total value of $6,332,425.00. Following the completion of the transaction, the chief executive officer now directly owns 497,067 shares in the company, valued at approximately $114,459,618.09. This represents a 5.24 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 104,798 shares of company stock valued at $23,341,803. 10.80% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the company. Lynch & Associates IN lifted its stake in shares of Amazon.com by 1.0% during the 1st quarter. Lynch & Associates IN now owns 21,413 shares of the e-commerce giant’s stock valued at $4,074,000 after buying an additional 221 shares in the last quarter. RS Crum Inc. lifted its position in shares of Amazon.com by 2.1% during the first quarter. RS Crum Inc. now owns 42,653 shares of the e-commerce giant’s stock worth $8,115,000 after acquiring an additional 875 shares in the last quarter. Smith Shellnut Wilson LLC ADV boosted its holdings in shares of Amazon.com by 11.5% in the first quarter. Smith Shellnut Wilson LLC ADV now owns 7,702 shares of the e-commerce giant’s stock worth $1,465,000 after acquiring an additional 795 shares during the period. Schaper Benz & Wise Investment Counsel Inc. WI raised its stake in shares of Amazon.com by 7.8% during the 1st quarter. Schaper Benz & Wise Investment Counsel Inc. WI now owns 61,046 shares of the e-commerce giant’s stock valued at $11,615,000 after purchasing an additional 4,420 shares during the period. Finally, Vista Investment Partners LLC lifted its holdings in Amazon.com by 6.5% during the 1st quarter. Vista Investment Partners LLC now owns 5,807 shares of the e-commerce giant’s stock worth $1,105,000 after purchasing an additional 355 shares in the last quarter. Institutional investors own 72.20% of the company’s stock.

Amazon.com Stock Down 1.0 %

AMZN stock opened at $172.51 on Friday. The company has a market cap of $1.83 trillion, a PE ratio of 31.19, a price-to-earnings-growth ratio of 1.50 and a beta of 1.39. The company has a quick ratio of 0.87, a current ratio of 1.06 and a debt-to-equity ratio of 0.18. Amazon.com has a 52 week low of $151.61 and a 52 week high of $242.52. The business has a 50-day simple moving average of $199.65 and a 200 day simple moving average of $207.97.

Amazon.com (NASDAQ:AMZN) last announced its quarterly earnings data on Thursday, February 6th. The e-commerce giant reported $1.86 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.52 by $0.34. Amazon.com had a net margin of 9.29% and a return on equity of 24.25%. Sell-side analysts anticipate that Amazon.com will post 6.31 EPS for the current fiscal year.

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.