Amazon.com (NASDAQ:AMZN)‘s stock had its “market outperform” rating restated by investment analysts at JMP Securities in a research report issued on Wednesday, Benzinga reports. They currently have a $175.00 price objective on the e-commerce giant’s stock. JMP Securities’ price objective suggests a potential upside of 19.21% from the stock’s previous close.
A number of other analysts have also recently commented on AMZN. BNP Paribas upgraded shares of Amazon.com from an “underperform” rating to a “neutral” rating and set a $140.00 price target on the stock in a research note on Friday, August 4th. Benchmark upped their price target on shares of Amazon.com from $130.00 to $170.00 and gave the company a “buy” rating in a research note on Friday, August 4th. Robert W. Baird upped their price target on shares of Amazon.com from $150.00 to $155.00 and gave the company an “outperform” rating in a research note on Friday, August 4th. Tigress Financial upped their price target on shares of Amazon.com from $204.00 to $210.00 and gave the company a “buy” rating in a research note on Friday, November 10th. Finally, Stifel Nicolaus started coverage on shares of Amazon.com in a research note on Tuesday, October 17th. They set a “buy” rating and a $173.00 price target on the stock. One analyst has rated the stock with a hold rating and forty-four have given a buy rating to the company. Based on data from MarketBeat, Amazon.com currently has a consensus rating of “Moderate Buy” and an average price target of $168.93.
View Our Latest Analysis on Amazon.com
Amazon.com Stock Performance
Shares of Amazon.com stock traded down $0.23 on Wednesday, reaching $146.80. 13,702,656 shares of the company traded hands, compared to its average volume of 59,763,488. Amazon.com has a 52 week low of $81.43 and a 52 week high of $149.26. The company has a 50 day moving average of $134.38 and a 200 day moving average of $131.67. The firm has a market capitalization of $1.52 trillion, a PE ratio of 76.06, a PEG ratio of 1.99 and a beta of 1.17. The company has a debt-to-equity ratio of 0.33, a current ratio of 0.98 and a quick ratio of 0.74.
Amazon.com (NASDAQ:AMZN – Get Free Report) last released its earnings results on Thursday, October 26th. The e-commerce giant reported $0.85 earnings per share for the quarter, beating analysts’ consensus estimates of $0.58 by $0.27. Amazon.com had a net margin of 3.62% and a return on equity of 12.75%. The firm had revenue of $143.08 billion during the quarter, compared to the consensus estimate of $141.53 billion. Equities analysts forecast that Amazon.com will post 2.6 earnings per share for the current year.
Insider Transactions at Amazon.com
In other news, VP Shelley Reynolds sold 3,120 shares of the firm’s stock in a transaction dated Tuesday, November 21st. The shares were sold at an average price of $143.19, for a total value of $446,752.80. Following the completion of the sale, the vice president now directly owns 119,780 shares of the company’s stock, valued at approximately $17,151,298.20. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. In other news, VP Shelley Reynolds sold 3,120 shares of the firm’s stock in a transaction dated Tuesday, November 21st. The shares were sold at an average price of $143.19, for a total value of $446,752.80. Following the completion of the sale, the vice president now directly owns 119,780 shares of the company’s stock, valued at approximately $17,151,298.20. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO Douglas J. Herrington sold 4,000 shares of Amazon.com stock in a transaction dated Friday, September 1st. The shares were sold at an average price of $139.48, for a total transaction of $557,920.00. Following the transaction, the chief executive officer now directly owns 526,316 shares of the company’s stock, valued at $73,410,555.68. The disclosure for this sale can be found here. In the last ninety days, insiders sold 116,145 shares of company stock valued at $16,592,019. Company insiders own 12.70% of the company’s stock.
Institutional Inflows and Outflows
Large investors have recently bought and sold shares of the business. State Street Corp raised its holdings in Amazon.com by 1,869.1% in the second quarter. State Street Corp now owns 326,727,487 shares of the e-commerce giant’s stock worth $34,701,726,000 after buying an additional 310,134,486 shares during the last quarter. Price T Rowe Associates Inc. MD raised its holdings in Amazon.com by 1,838.8% in the second quarter. Price T Rowe Associates Inc. MD now owns 311,971,394 shares of the e-commerce giant’s stock worth $33,134,481,000 after buying an additional 295,880,050 shares during the last quarter. FMR LLC raised its holdings in Amazon.com by 1,792.4% in the second quarter. FMR LLC now owns 286,047,356 shares of the e-commerce giant’s stock worth $30,381,089,000 after buying an additional 270,931,640 shares during the last quarter. Moneta Group Investment Advisors LLC raised its holdings in Amazon.com by 120,235.9% in the fourth quarter. Moneta Group Investment Advisors LLC now owns 116,480,298 shares of the e-commerce giant’s stock worth $9,784,345,000 after buying an additional 116,383,502 shares during the last quarter. Finally, Norges Bank purchased a new position in Amazon.com in the fourth quarter worth about $8,263,591,000. 57.96% of the stock is owned by hedge funds and other institutional investors.
About Amazon.com
Amazon.com, Inc engages in the retail sale of consumer products and subscriptions through online and physical stores in North America and internationally. It operates through three segments: North America, International, and Amazon Web Services (AWS). The company’s products offered through its stores include merchandise and content purchased for resale; and products offered by third-party sellers.
Further Reading
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat’s editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.
Before you consider Amazon.com, you’ll want to hear this.
MarketBeat keeps track of Wall Street’s top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on… and Amazon.com wasn’t on the list.
While Amazon.com currently has a “Moderate Buy” rating among analysts, top-rated analysts believe these five stocks are better buys.
Wondering when you’ll finally be able to invest in SpaceX, StarLink or The Boring Company? Click the link below to learn when Elon Musk will let these companies finally IPO.
