BNP Paribas upgraded shares of Amazon.com (NASDAQ:AMZN) to a hold rating in a research note released on Wednesday morning,Zacks.com reports.
AMZN has been the subject of several other research reports. Scotiabank cut their price objective on Amazon.com from $306.00 to $250.00 and set a "sector outperform" rating for the company in a research report on Monday, April 21st. Raymond James reiterated an "outperform" rating and set a $195.00 price target (down previously from $275.00) on shares of Amazon.com in a research report on Monday, April 21st. Canaccord Genuity Group restated a "buy" rating on shares of Amazon.com in a research report on Thursday, February 13th. Truist Financial reduced their target price on shares of Amazon.com from $265.00 to $230.00 and set a "buy" rating on the stock in a research report on Thursday, April 10th. Finally, HSBC raised their price target on shares of Amazon.com from $225.00 to $270.00 and gave the company a "buy" rating in a report on Monday, January 13th. Four research 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.com, Amazon.com presently has a consensus rating of "Moderate Buy" and an average price target of $244.09.
View Our Latest Report on Amazon.com
Amazon.com Price Performance
Shares of NASDAQ:AMZN traded up $0.12 on Wednesday, hitting $186.47. The stock had a trading volume of 13,231,145 shares, compared to its average volume of 41,556,893. The firm's 50 day moving average price is $189.92 and its 200-day moving average price is $208.04. 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 twelve month low of $151.61 and a twelve month high of $242.52. The company has a market capitalization of $1.98 trillion, a price-to-earnings ratio of 33.72, a price-to-earnings-growth ratio of 1.50 and a beta of 1.30.
Amazon.com (NASDAQ:AMZN - Get Free Report) last released its quarterly earnings results on Thursday, May 1st. The e-commerce giant reported $1.59 EPS for the quarter, beating analysts' consensus estimates of $1.38 by $0.21. Amazon.com had a net margin of 9.29% and a return on equity of 24.25%. The firm had revenue of $155.67 billion for the quarter, compared to analyst estimates of $154.96 billion. During the same period in the previous year, the business earned $0.98 earnings per share. The company's revenue for the quarter was up 8.6% compared to the same quarter last year. On average, equities research analysts predict that Amazon.com will post 6.31 earnings per share for the current year.
Insider Transactions at Amazon.com
In other news, CEO Douglas J. Herrington sold 2,500 shares of the stock in a transaction that occurred 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 of the company's stock, valued at approximately $96,664,732.58. This represents a 0.49 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, VP Shelley Reynolds sold 8,833 shares of the firm's stock in a transaction on Friday, February 21st. The shares were sold at an average price of $222.47, for a total transaction of $1,965,077.51. Following the completion of the transaction, the vice president now directly owns 119,780 shares of the company's stock, valued at $26,647,456.60. This represents a 6.87 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 107,298 shares of company stock worth $23,818,478 in the last three months. Insiders own 9.70% of the company's stock.
Institutional Inflows and Outflows
Hedge funds and other institutional investors have recently modified their holdings of the company. Vanguard Group Inc. lifted its holdings in Amazon.com by 2.2% during the 4th quarter. Vanguard Group Inc. now owns 823,360,597 shares of the e-commerce giant's stock valued at $180,637,081,000 after purchasing an additional 17,635,391 shares during the last quarter. State Street Corp lifted its stake in shares of Amazon.com by 3.3% during the 3rd quarter. State Street Corp now owns 359,179,990 shares of the e-commerce giant's stock worth $66,926,008,000 after buying an additional 11,370,309 shares during the last quarter. FMR LLC boosted its holdings in shares of Amazon.com by 0.5% during the 4th quarter. FMR LLC now owns 328,464,225 shares of the e-commerce giant's stock worth $72,061,766,000 after buying an additional 1,725,664 shares during the period. Geode Capital Management LLC grew its stake in Amazon.com by 2.5% in the 4th quarter. Geode Capital Management LLC now owns 204,930,426 shares of the e-commerce giant's stock valued at $44,837,256,000 after buying an additional 5,015,380 shares during the last quarter. Finally, Price T Rowe Associates Inc. MD raised its holdings in Amazon.com by 2.3% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 182,813,905 shares of the e-commerce giant's stock valued at $40,107,544,000 after acquiring an additional 4,087,933 shares during the period. Institutional investors own 72.20% of the company's stock.
Amazon.com Company Profile
(
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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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