BNP Paribas upgraded shares of Amazon.com (NASDAQ:AMZN) from a hold rating to a strong-buy rating in a research report sent to investors on Friday morning,Zacks.com reports.
AMZN has been the subject of a number of other reports. BNP Paribas Exane raised shares of Amazon.com from a "neutral" rating to an "outperform" rating and set a $254.00 price target for the company in a research report on Friday. Stifel Nicolaus decreased their target price on shares of Amazon.com from $248.00 to $245.00 and set a "buy" rating for the company in a research note on Friday, May 2nd. Piper Sandler reiterated an "overweight" rating and set a $212.00 target price (down from $215.00) on shares of Amazon.com in a report on Friday, May 2nd. JPMorgan Chase & Co. boosted their price target on Amazon.com from $225.00 to $240.00 and gave the stock an "overweight" rating in a research report on Wednesday, June 4th. Finally, Benchmark reaffirmed a "buy" rating and set a $260.00 price objective on shares of Amazon.com in a research report on Friday, May 2nd. Three investment analysts have rated the stock with a hold rating, forty-five have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, Amazon.com presently has an average rating of "Moderate Buy" and an average price target of $245.81.
Get Our Latest Stock Report on AMZN
Amazon.com Stock Up 0.5%
Shares of AMZN traded up $1.07 on Friday, reaching $220.46. The stock had a trading volume of 39,159,052 shares, compared to its average volume of 42,077,608. The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.84 and a current ratio of 1.05. Amazon.com has a 12-month low of $151.61 and a 12-month high of $242.52. The firm has a market capitalization of $2.34 trillion, a price-to-earnings ratio of 35.91, a price-to-earnings-growth ratio of 1.68 and a beta of 1.34. The company has a 50-day simple moving average of $203.30 and a 200-day simple moving average of $208.67.
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 (EPS) for the quarter, topping analysts' consensus estimates 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 return on equity of 24.14% and a net margin of 10.14%. The firm's quarterly revenue was up 8.6% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.98 earnings per share. Sell-side analysts predict that Amazon.com will post 6.31 EPS for the current year.
Insider Activity
In other Amazon.com news, CEO Douglas J. Herrington sold 6,843 shares of the company's stock in a transaction that occurred on Wednesday, May 21st. The shares were sold at an average price of $200.77, for a total value of $1,373,869.11. Following the completion of the transaction, the chief executive officer directly owned 519,550 shares in the company, valued at $104,310,053.50. This represents a 1.30% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Matthew S. Garman sold 20,923 shares of the firm's stock in a transaction on Wednesday, May 21st. The shares were sold at an average price of $201.30, for a total transaction of $4,211,799.90. The disclosure for this sale can be found here. Over the last quarter, insiders sold 99,537 shares of company stock worth $20,061,100. 10.80% of the stock is currently owned by corporate insiders.
Institutional Inflows and Outflows
Several hedge funds have recently bought and sold shares of AMZN. Prudent Man Investment Management Inc. purchased a new position in Amazon.com in the 4th quarter worth approximately $27,000. LSV Asset Management bought a new stake in shares of Amazon.com during the fourth quarter valued at approximately $35,000. Perritt Capital Management Inc lifted its holdings in shares of Amazon.com by 72.7% in the fourth quarter. Perritt Capital Management Inc now owns 190 shares of the e-commerce giant's stock worth $42,000 after buying an additional 80 shares in the last quarter. Cooksen Wealth LLC purchased a new position in shares of Amazon.com in the first quarter worth $36,000. Finally, Inlight Wealth Management LLC bought a new position in shares of Amazon.com during the first quarter worth $40,000. Institutional investors own 72.20% of the company's stock.
About Amazon.com
(
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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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