Benchmark Reiterates "Buy" Rating for Amazon.com (NASDAQ:AMZN)

Amazon.com (NASDAQ:AMZN)'s stock had its "buy" rating reaffirmed by Benchmark in a research report issued on Friday, Marketbeat Ratings reports. They presently have a $260.00 price target on the e-commerce giant's stock. Benchmark's price objective suggests a potential upside of 39.94% from the company's previous close.

A number of other analysts also recently issued reports on AMZN. Morgan Stanley decreased their target price on Amazon.com from $280.00 to $245.00 and set an "overweight" rating for the company in a research report on Monday, April 14th. Oppenheimer dropped their price objective on shares of Amazon.com from $260.00 to $220.00 and set an "outperform" rating on the stock in a report on Monday, April 28th. Wells Fargo & Company reduced their target price on shares of Amazon.com from $207.00 to $203.00 and set an "equal weight" rating for the company in a research note on Tuesday, February 25th. Raymond James restated an "outperform" rating and set a $195.00 price target (down from $275.00) on shares of Amazon.com in a research note on Monday, April 21st. Finally, The Goldman Sachs Group lowered their target price on shares of Amazon.com from $255.00 to $220.00 and set a "buy" rating on the stock in a report on Tuesday, April 22nd. Four analysts have rated the stock with a hold rating and forty-four have issued a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $244.09.

Amazon.com Trading Down 0.3 %

Shares of Amazon.com stock traded down $0.56 on Friday, reaching $185.79. 16,654,942 shares of the company's stock were exchanged, compared to its average volume of 41,572,498. The firm's 50-day moving average is $189.92 and its two-hundred day moving average is $208.04. Amazon.com has a 52 week low of $151.61 and a 52 week high of $242.52. The company has a market capitalization of $1.97 trillion, a P/E ratio of 33.53, a price-to-earnings-growth ratio of 1.50 and a beta of 1.30. 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 (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 (EPS) for the quarter, beating the consensus estimate of $1.38 by $0.21. The business had revenue of $155.67 billion during the quarter, compared to the consensus estimate of $154.96 billion. Amazon.com had a net margin of 9.29% and a return on equity of 24.25%. Amazon.com's revenue was up 8.6% compared to the same quarter last year. During the same quarter last year, the firm posted $0.98 EPS. Sell-side analysts predict that Amazon.com will post 6.31 EPS for the current fiscal year.

Insiders Place Their Bets

In other Amazon.com news, CEO Douglas J. Herrington sold 2,500 shares of the stock in a transaction on Thursday, May 1st. The stock was sold at an average price of $190.67, for a total value of $476,675.00. Following the completion of the sale, the chief executive officer now owns 506,974 shares in the company, valued at approximately $96,664,732.58. This represents a 0.49 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CFO Brian T. Olsavsky sold 14,620 shares of the stock in a transaction dated Friday, February 21st. The stock was sold at an average price of $223.14, for a total value of $3,262,306.80. Following the sale, the chief financial officer now owns 49,000 shares of the company's stock, valued at $10,933,860. This represents a 22.98 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 107,298 shares of company stock worth $23,818,478. Company insiders own 9.70% of the company's stock.

Institutional Trading of Amazon.com

A number of institutional investors and hedge funds have recently bought and sold shares of AMZN. Castlekeep Investment Advisors LLC purchased a new stake in shares of Amazon.com during the 4th quarter worth approximately $25,000. Accordant Advisory Group Inc increased its position in Amazon.com by 400.0% in the fourth quarter. Accordant Advisory Group Inc now owns 125 shares of the e-commerce giant's stock worth $27,000 after purchasing an additional 100 shares during the last quarter. Prudent Man Investment Management Inc. purchased a new stake in Amazon.com during the fourth quarter valued at $27,000. Icon Wealth Advisors LLC lifted its position in Amazon.com by 20.5% during the third quarter. Icon Wealth Advisors LLC now owns 150,661 shares of the e-commerce giant's stock valued at $28,000 after purchasing an additional 25,581 shares during the last quarter. Finally, LSV Asset Management purchased a new position in shares of Amazon.com in the 4th quarter worth $35,000. 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.