Amazon.com (NASDAQ:AMZN) Receives “Overweight” Rating from Cantor Fitzgerald

Cantor Fitzgerald restated their overweight rating on shares of Amazon.com (NASDAQ:AMZN) in a research note released on Monday, Benzinga reports. The firm currently has a $230.00 price target on the e-commerce giant’s stock.

AMZN has been the subject of a number of other reports. Wedbush reissued an outperform rating and issued a $225.00 price target on shares of Amazon.com in a research note on Friday, August 2nd. TD Securities lifted their target price on shares of Amazon.com from $225.00 to $245.00 in a report on Wednesday, July 10th. Morgan Stanley lowered their target price on shares of Amazon.com from $240.00 to $210.00 and set an overweight rating for the company in a report on Tuesday, August 6th. Royal Bank of Canada reiterated an outperform rating and set a $215.00 target price on shares of Amazon.com in a report on Friday, August 2nd. Finally, JPMorgan Chase & Co. lowered their target price on shares of Amazon.com from $240.00 to $230.00 and set an overweight rating for the company in a report on Friday, August 2nd. One analyst has rated the stock with a hold rating, forty-one have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of Buy and an average price target of $223.65.

Amazon.com Stock Performance

Shares of AMZN opened at $181.96 on Monday. The stock’s 50-day simple moving average is $179.09 and its 200 day simple moving average is $182.82. The stock has a market capitalization of $1.89 trillion, a price-to-earnings ratio of 50.97, a price-to-earnings-growth ratio of 1.46 and a beta of 1.14. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.88 and a current ratio of 1.10. Amazon.com has a 52-week low of $118.35 and a 52-week high of $201.20.

Amazon.com (NASDAQ:AMZN) last released its quarterly earnings results on Thursday, August 1st. The e-commerce giant reported $1.23 earnings per share for the quarter, beating the consensus estimate of $1.05 by $0.18. The firm had revenue of $147.98 billion for the quarter, compared to analysts’ expectations of $148.63 billion. Amazon.com had a return on equity of 21.39% and a net margin of 7.35%. Research analysts forecast that Amazon.com will post 4.86 EPS for the current fiscal year.

Insider Activity

In other news, SVP David Zapolsky sold 2,190 shares of the firm’s stock in a transaction on Tuesday, September 24th. The shares were sold at an average price of $195.00, for a total transaction of $427,050.00. Following the completion of the transaction, the senior vice president now owns 62,420 shares of the company’s stock, valued at $12,171,900. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In related news, CEO Andrew R. Jassy sold 20,784 shares of the firm’s stock in a transaction dated Wednesday, August 21st. The shares were sold at an average price of $180.77, for a total transaction of $3,757,123.68. Following the transaction, the chief executive officer now directly owns 2,056,534 shares of the company’s stock, valued at $371,759,651.18. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP David Zapolsky sold 2,190 shares of the firm’s stock in a transaction dated Tuesday, September 24th. The shares were sold at an average price of $195.00, for a total transaction of $427,050.00. Following the transaction, the senior vice president now directly owns 62,420 shares in the company, valued at $12,171,900. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 1,549,744 shares of company stock valued at $309,400,324. Insiders own 10.80% of the company’s stock.

Hedge Funds Weigh In On Amazon.com

Several hedge funds have recently bought and sold shares of AMZN. Cooksen Wealth LLC purchased a new position in Amazon.com during the fourth quarter valued at approximately $30,000. PayPay Securities Corp grew its stake in Amazon.com by 64.6% in the 2nd quarter. PayPay Securities Corp now owns 163 shares of the e-commerce giant’s stock worth $32,000 after buying an additional 64 shares in the last quarter. Clarity Asset Management Inc. purchased a new position in Amazon.com in the 4th quarter worth approximately $46,000. Christopher J. Hasenberg Inc grew its stake in Amazon.com by 650.0% in the 2nd quarter. Christopher J. Hasenberg Inc now owns 300 shares of the e-commerce giant’s stock worth $58,000 after buying an additional 260 shares in the last quarter. Finally, Steph & Co. purchased a new position in Amazon.com in the 1st quarter worth approximately $65,000. 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.