Amazon.com, Inc. (NASDAQ:AMZN) Given Average Rating of "Moderate Buy" by Brokerages

Amazon.com, Inc. (NASDAQ:AMZN) has been given a consensus recommendation of "Moderate Buy" by the forty-seven ratings firms that are covering the company, MarketBeat reports. Three investment analysts have rated the stock with a hold recommendation and forty-four have assigned a buy recommendation to the company. The average 1-year target price among analysts that have covered the stock in the last year is $244.09.

Several brokerages recently commented on AMZN. HSBC raised their price objective on Amazon.com from $225.00 to $270.00 and gave the stock a "buy" rating in a research note on Monday, January 13th. StockNews.com downgraded Amazon.com from a "buy" rating to a "hold" rating in a research note on Monday, May 5th. UBS Group reaffirmed a "buy" rating on shares of Amazon.com in a research note on Tuesday, May 6th. Deutsche Bank Aktiengesellschaft dropped their price objective on Amazon.com from $287.00 to $206.00 and set a "buy" rating on the stock in a research note on Monday, April 14th. Finally, Citizens Jmp lowered their target price on Amazon.com from $285.00 to $240.00 and set an "outperform" rating for the company in a report on Monday, April 14th.

Amazon.com Stock Performance

AMZN stock opened at $208.64 on Tuesday. The business's fifty day moving average is $188.50 and its 200-day moving average is $208.25. The company has a quick ratio of 0.87, a current ratio of 1.06 and a debt-to-equity ratio of 0.18. The company has a market cap of $2.21 trillion, a P/E ratio of 37.73, a price-to-earnings-growth ratio of 1.50 and a beta of 1.30. Amazon.com has a twelve month low of $151.61 and a twelve month high of $242.52.

Amazon.com (NASDAQ:AMZN - Get Free Report) last posted its quarterly earnings results on Thursday, May 1st. The e-commerce giant reported $1.59 earnings per share for the quarter, beating analysts' consensus estimates of $1.38 by $0.21. The company had revenue of $155.67 billion for the quarter, compared to the consensus estimate of $154.96 billion. Amazon.com had a return on equity of 24.25% and a net margin of 9.29%. The firm's quarterly revenue was up 8.6% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.98 EPS. Equities research analysts forecast that Amazon.com will post 6.31 EPS for the current year.

Insider Activity

In other Amazon.com news, VP Shelley Reynolds sold 8,833 shares of the business's stock in a transaction that occurred on Friday, February 21st. The shares were sold at an average price of $222.47, for a total transaction of $1,965,077.51. Following the completion of the transaction, the vice president now directly owns 119,780 shares in the company, valued at $26,647,456.60. The trade was a 6.87% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Douglas J. Herrington sold 27,500 shares of the business's stock in a transaction that occurred on Wednesday, February 12th. The shares were sold at an average price of $230.27, for a total transaction of $6,332,425.00. Following the transaction, the chief executive officer now owns 497,067 shares of the company's stock, valued at approximately $114,459,618.09. This represents a 5.24% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 107,298 shares of company stock worth $23,818,478. Corporate insiders own 9.70% of the company's stock.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the company. Castlekeep Investment Advisors LLC acquired a new position in shares of Amazon.com during the fourth quarter worth $25,000. Accordant Advisory Group Inc increased its holdings in shares of Amazon.com by 400.0% during 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 in the last quarter. Prudent Man Investment Management Inc. acquired a new position in shares of Amazon.com during the fourth quarter worth $27,000. LSV Asset Management acquired a new position in shares of Amazon.com during the fourth quarter worth $35,000. Finally, Cooksen Wealth LLC acquired a new position in shares of Amazon.com during the first quarter worth $36,000. 72.20% of the stock is currently owned by institutional investors and hedge funds.

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.

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