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

Shares of Amazon.com, Inc. (NASDAQ:AMZN) have been given an average rating of "Moderate Buy" by the forty-seven brokerages that are presently covering the firm, MarketBeat Ratings reports. Three equities research analysts have rated the stock with a hold recommendation and forty-four have assigned a buy recommendation to the company. The average 1 year price objective among brokerages that have covered the stock in the last year is $244.89.

Several equities research analysts recently commented on AMZN shares. Tigress Financial raised their target price on Amazon.com from $290.00 to $305.00 and gave the company a "buy" rating in a report on Tuesday, May 6th. Truist Financial lowered their price objective on Amazon.com from $265.00 to $230.00 and set a "buy" rating for the company in a research note on Thursday, April 10th. Royal Bank of Canada lowered their price objective on Amazon.com from $235.00 to $230.00 and set an "outperform" rating for the company in a research note on Friday, May 2nd. Canaccord Genuity Group restated a "buy" rating on shares of Amazon.com in a research note on Thursday, February 13th. Finally, Westpark Capital reiterated a "buy" rating and issued a $280.00 target price on shares of Amazon.com in a research report on Friday, May 2nd.

Amazon.com Stock Performance

Shares of NASDAQ:AMZN opened at $213.57 on Friday. The company has a market cap of $2.27 trillion, a P/E ratio of 38.62, a PEG ratio of 1.50 and a beta of 1.33. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.87 and a current ratio of 1.06. Amazon.com has a one year low of $151.61 and a one year high of $242.52. The business's 50-day simple moving average is $191.84 and its 200 day simple moving average is $208.71.

Amazon.com (NASDAQ:AMZN - Get Free Report) last announced its earnings results on Thursday, May 1st. The e-commerce giant reported $1.59 EPS for the quarter, beating the consensus estimate of $1.38 by $0.21. The business 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 company's revenue was up 8.6% on a year-over-year basis. During the same period last year, the business posted $0.98 EPS. On average, sell-side analysts forecast that Amazon.com will post 6.31 earnings per share for the current fiscal year.

Insider Activity at Amazon.com

In other news, VP Shelley Reynolds sold 2,695 shares of Amazon.com stock in a transaction on Wednesday, May 21st. The stock was sold at an average price of $200.79, for a total value of $541,129.05. Following the completion of the sale, the vice president now directly owns 119,780 shares of the company's stock, valued at approximately $24,050,626.20. This trade represents a 2.20% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP David Zapolsky sold 7,100 shares of Amazon.com stock in a transaction on Wednesday, May 21st. The shares were sold at an average price of $201.23, for a total value of $1,428,733.00. Following the completion of the sale, the senior vice president now directly owns 60,600 shares of the company's stock, valued at $12,194,538. This trade represents a 10.49% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 102,037 shares of company stock valued at $20,531,075 in the last three months. Corporate insiders own 9.70% of the company's stock.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. eCIO Inc. bought a new position in Amazon.com during the first quarter worth about $338,000. Blue Oak Capital LLC lifted its holdings in shares of Amazon.com by 34.2% in the first quarter. Blue Oak Capital LLC now owns 1,845 shares of the e-commerce giant's stock valued at $351,000 after purchasing an additional 470 shares in the last quarter. CBIZ Investment Advisory Services LLC lifted its holdings in shares of Amazon.com by 22.6% in the first quarter. CBIZ Investment Advisory Services LLC now owns 3,710 shares of the e-commerce giant's stock valued at $706,000 after purchasing an additional 685 shares in the last quarter. Invst LLC lifted its holdings in shares of Amazon.com by 77.4% in the first quarter. Invst LLC now owns 45,582 shares of the e-commerce giant's stock valued at $8,672,000 after purchasing an additional 19,894 shares in the last quarter. Finally, Integrity Wealth Advisors Inc. lifted its holdings in shares of Amazon.com by 9.8% in the first quarter. Integrity Wealth Advisors Inc. now owns 6,001 shares of the e-commerce giant's stock valued at $1,142,000 after purchasing an additional 535 shares in the last quarter. 72.20% of the stock is currently owned by institutional investors.

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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