Amazon.com (NASDAQ:AMZN) Stock Rating Reaffirmed by JMP Securities

Amazon.com (NASDAQ:AMZN)‘s stock had its “market outperform” rating reaffirmed by equities research analysts at JMP Securities in a research report issued to clients and investors on Friday, Benzinga reports. They currently have a $265.00 target price on the e-commerce giant’s stock. JMP Securities’ target price would suggest a potential upside of 42.08% from the company’s current price.

A number of other brokerages also recently issued reports on AMZN. Royal Bank of Canada reissued an “outperform” rating and set a $215.00 target price on shares of Amazon.com in a research note on Friday, August 2nd. Rosenblatt Securities increased their price objective on Amazon.com from $220.00 to $221.00 and gave the stock a “buy” rating in a research report on Friday, August 2nd. The Goldman Sachs Group decreased their target price on shares of Amazon.com from $250.00 to $230.00 and set a “buy” rating on the stock in a research report on Friday, August 2nd. Robert W. Baird increased their price target on shares of Amazon.com from $210.00 to $213.00 and gave the company an “outperform” rating in a report on Friday, June 21st. Finally, Roth Mkm boosted their price objective on shares of Amazon.com from $210.00 to $215.00 and gave the stock a “buy” rating in a report on Friday, August 2nd. One research 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 company. Based on data from MarketBeat, the company presently has a consensus rating of “Buy” and an average target price of $223.65.

Amazon.com Stock Performance

Shares of AMZN opened at $186.51 on Friday. The stock has a market capitalization of $1.94 trillion, a P/E ratio of 52.24, a P/E/G 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 1 year low of $118.35 and a 1 year high of $201.20. The company’s fifty day moving average is $179.17 and its two-hundred day moving average is $182.95.

Amazon.com (NASDAQ:AMZN) last issued its quarterly earnings results on Thursday, August 1st. The e-commerce giant reported $1.23 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.05 by $0.18. The business had revenue of $147.98 billion for the quarter, compared to analyst estimates of $148.63 billion. Amazon.com had a net margin of 7.35% and a return on equity of 21.39%. On average, sell-side analysts predict that Amazon.com will post 4.86 earnings per share for the current year.

Insider Transactions at Amazon.com

In other Amazon.com news, insider Jeffrey P. Bezos sold 1,228,993 shares of the company’s stock in a transaction dated Monday, July 8th. The stock was sold at an average price of $200.36, for a total transaction of $246,241,037.48. Following the completion of the sale, the insider now directly owns 930,696,284 shares in the company, valued at $186,474,307,462.24. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. In related news, SVP David Zapolsky sold 2,190 shares of Amazon.com 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 transaction, the senior vice president now owns 62,420 shares in the company, valued at approximately $12,171,900. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Jeffrey P. Bezos sold 1,228,993 shares of the company’s stock in a transaction on Monday, July 8th. The stock was sold at an average price of $200.36, for a total transaction of $246,241,037.48. Following the sale, the insider now directly owns 930,696,284 shares of the company’s stock, valued at approximately $186,474,307,462.24. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 1,549,744 shares of company stock worth $309,400,324 in the last ninety days. Insiders own 10.80% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the stock. FUKOKU MUTUAL LIFE INSURANCE Co increased its position in shares of Amazon.com by 0.3% during the fourth quarter. FUKOKU MUTUAL LIFE INSURANCE Co now owns 148,514 shares of the e-commerce giant’s stock worth $22,565,000 after acquiring an additional 500 shares during the last quarter. Norges Bank acquired a new position in shares of Amazon.com in the 4th quarter valued at approximately $17,700,551,000. BI Asset Management Fondsmaeglerselskab A S raised its position in shares of Amazon.com by 2.0% in the 4th quarter. BI Asset Management Fondsmaeglerselskab A S now owns 552,961 shares of the e-commerce giant’s stock valued at $84,017,000 after purchasing an additional 10,739 shares in the last quarter. MainStreet Investment Advisors LLC boosted its stake in shares of Amazon.com by 5.4% during the 4th quarter. MainStreet Investment Advisors LLC now owns 87,961 shares of the e-commerce giant’s stock valued at $13,365,000 after buying an additional 4,502 shares during the last quarter. Finally, Brady Family Wealth LLC increased its stake in shares of Amazon.com by 8.4% in the fourth quarter. Brady Family Wealth LLC now owns 29,955 shares of the e-commerce giant’s stock worth $4,551,000 after buying an additional 2,317 shares during the last quarter. Institutional investors and hedge funds own 72.20% of the company’s stock.

About Amazon.com

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.