Citizens Jmp assumed coverage on shares of Amazon.com (NASDAQ:AMZN) in a research report report published on Thursday morning, MarketBeat reports. The brokerage issued a strong-buy rating on the e-commerce giant's stock.
AMZN has been the subject of a number of other research reports. JMP Securities raised their price objective on Amazon.com from $250.00 to $285.00 and gave the stock a "market outperform" rating in a research report on Thursday. Benchmark reissued a "buy" rating and issued a $260.00 price objective on shares of Amazon.com in a research report on Friday, May 2nd. Oppenheimer raised their price objective on Amazon.com from $215.00 to $250.00 and gave the stock an "outperform" rating in a research report on Friday, June 20th. Wedbush restated an "outperform" rating and issued a $235.00 target price (up previously from $225.00) on shares of Amazon.com in a research note on Friday, May 2nd. Finally, Raymond James Financial restated an "outperform" rating and issued a $195.00 target price (down previously from $275.00) on shares of Amazon.com in a research note on Monday, April 21st. Three research analysts have rated the stock with a hold rating, forty-five have given a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat.com, Amazon.com has a consensus rating of "Moderate Buy" and an average target price of $249.42.
Read Our Latest Stock Report on AMZN
Amazon.com Stock Up 1.2%
NASDAQ AMZN traded up $2.76 during midday trading on Thursday, hitting $225.02. 50,481,094 shares of the company traded hands, compared to its average volume of 42,135,277. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.05 and a quick ratio of 0.84. The company has a market cap of $2.39 trillion, a PE ratio of 36.65, a price-to-earnings-growth ratio of 1.69 and a beta of 1.33. The company's 50-day simple moving average is $209.90 and its 200-day simple moving average is $208.36. Amazon.com has a 52 week low of $151.61 and a 52 week high of $242.52.
Amazon.com (NASDAQ:AMZN - Get Free Report) last posted its quarterly earnings data on Thursday, May 1st. The e-commerce giant reported $1.59 earnings per share for the quarter, topping analysts' consensus estimates of $1.38 by $0.21. The firm had revenue of $155.67 billion during the quarter, compared to analysts' expectations of $154.96 billion. Amazon.com had a return on equity of 24.14% and a net margin of 10.14%. The business's quarterly revenue was up 8.6% on a year-over-year basis. During the same quarter last year, the firm earned $0.98 EPS. As a group, equities research analysts forecast that Amazon.com will post 6.31 earnings per share for the current year.
Insider Activity
In other Amazon.com news, CEO Douglas J. Herrington sold 2,500 shares of the company's stock in a transaction on Tuesday, July 1st. The stock was sold at an average price of $220.06, for a total transaction of $550,150.00. Following the transaction, the chief executive officer directly owned 514,550 shares in the company, valued at $113,231,873. This represents a 0.48% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP David Zapolsky sold 13,570 shares of the company's stock in a transaction on Thursday, May 22nd. The stock was sold at an average price of $202.41, for a total value of $2,746,703.70. Following the transaction, the senior vice president owned 47,030 shares in the company, valued at $9,519,342.30. This trade represents a 22.39% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 6,886,613 shares of company stock worth $1,531,840,610 in the last 90 days. 10.80% of the stock is owned by corporate insiders.
Institutional Inflows and Outflows
Hedge funds and other institutional investors have recently bought and sold shares of the stock. Castlekeep Investment Advisors LLC purchased a new stake in Amazon.com during the 4th quarter worth about $25,000. Prudent Man Investment Management Inc. purchased a new stake in Amazon.com during the 4th quarter worth about $27,000. Carderock Capital Management Inc. purchased a new stake in Amazon.com during the 2nd quarter worth about $27,000. LSV Asset Management purchased a new stake in Amazon.com during the 4th quarter worth about $35,000. Finally, Cooksen Wealth LLC purchased a new stake in Amazon.com during the 1st quarter worth about $36,000. 72.20% of the stock is currently owned by hedge funds and other institutional investors.
Amazon.com Company Profile
(
Get Free Report)
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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