Amazon.com (NASDAQ:AMZN) Now Covered by Citizens Jmp

Investment analysts at Citizens Jmp assumed coverage on shares of Amazon.com (NASDAQ:AMZN) in a note issued to investors on Thursday. The brokerage set a "mkt outperform" rating on the e-commerce giant's stock.

A number of other equities analysts also recently issued reports on AMZN. UBS Group reiterated a "buy" rating on shares of Amazon.com in a report on Tuesday, May 6th. Oppenheimer increased their price target on Amazon.com from $215.00 to $250.00 and gave the company an "outperform" rating in a report on Friday, June 20th. Needham & Company LLC reaffirmed a "buy" rating and issued a $220.00 price objective on shares of Amazon.com in a research report on Friday, May 2nd. Benchmark reissued a "buy" rating and set a $260.00 price target on shares of Amazon.com in a research report on Friday, May 2nd. Finally, Barclays decreased their price objective on Amazon.com from $265.00 to $240.00 and set an "overweight" rating for the company in a research note on Friday, May 2nd. Three investment analysts have rated the stock with a hold rating, forty-five have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $247.12.

Amazon.com Stock Down 0.3%

NASDAQ AMZN traded down $0.58 during mid-day trading on Thursday, hitting $221.96. The company's stock had a trading volume of 15,476,000 shares, compared to its average volume of 41,972,050. The company's 50 day simple moving average is $208.56 and its 200 day simple moving average is $208.68. Amazon.com has a twelve month low of $151.61 and a twelve month high of $242.52. The company has a current ratio of 1.05, a quick ratio of 0.84 and a debt-to-equity ratio of 0.17. The firm has a market capitalization of $2.36 trillion, a price-to-earnings ratio of 36.15, a PEG ratio of 1.65 and a beta of 1.33.

Amazon.com (NASDAQ:AMZN - Get Free Report) last released its earnings results on Thursday, May 1st. The e-commerce giant reported $1.59 EPS for the quarter, topping analysts' consensus estimates of $1.38 by $0.21. Amazon.com had a return on equity of 24.14% and a net margin of 10.14%. The company had revenue of $155.67 billion for the quarter, compared to analysts' expectations of $154.96 billion. During the same period in the previous year, the business posted $0.98 EPS. The business's revenue for the quarter was up 8.6% compared to the same quarter last year. Analysts anticipate that Amazon.com will post 6.31 earnings per share for the current year.

Insider Buying and Selling

In related news, CEO Douglas J. Herrington sold 2,500 shares of Amazon.com stock in a transaction dated Tuesday, July 1st. The shares were sold at an average price of $220.06, for a total transaction of $550,150.00. Following the completion of the transaction, the chief executive officer directly owned 514,550 shares of the company's stock, valued at $113,231,873. This trade represents a 0.48% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Jeffrey P. Bezos sold 2,046,582 shares of the business's stock in a transaction dated Monday, July 7th. The stock was sold at an average price of $223.92, for a total transaction of $458,270,641.44. Following the completion of the transaction, the insider directly owned 902,480,530 shares of the company's stock, valued at approximately $202,083,440,277.60. This represents a 0.23% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 6,401,408 shares of company stock worth $1,423,159,137. Insiders own 9.70% of the company's stock.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the company. Cable Hill Partners LLC raised its position in shares of Amazon.com by 0.5% in the fourth quarter. Cable Hill Partners LLC now owns 9,588 shares of the e-commerce giant's stock valued at $2,104,000 after purchasing an additional 44 shares during the period. Northern Capital Management Inc. raised its holdings in Amazon.com by 0.6% during the 4th quarter. Northern Capital Management Inc. now owns 7,353 shares of the e-commerce giant's stock worth $1,613,000 after purchasing an additional 45 shares during the last quarter. White Wing Wealth Management raised its holdings in Amazon.com by 2.4% during the 4th quarter. White Wing Wealth Management now owns 1,972 shares of the e-commerce giant's stock worth $433,000 after purchasing an additional 47 shares during the last quarter. Balanced Wealth Group LLC grew its position in shares of Amazon.com by 1.6% during the 4th quarter. Balanced Wealth Group LLC now owns 2,966 shares of the e-commerce giant's stock worth $705,000 after buying an additional 48 shares during the period. Finally, ETF Store Inc. grew its position in Amazon.com by 2.1% in the 4th quarter. ETF Store Inc. now owns 2,378 shares of the e-commerce giant's stock valued at $522,000 after purchasing an additional 48 shares during the period. Institutional investors and hedge funds own 72.20% of the company's stock.

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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