Amazon.com (NASDAQ:AMZN) Given Buy Rating at Westpark Capital

Key Points

• Westpark Capital has reaffirmed its "buy" rating for Amazon.com (AMZN), maintaining a price target of $280.00, indicating a potential upside of 19.60% from the current price.
• Amazon reported $1.68 earnings per share for the last quarter, exceeding analysts' expectations, with a revenue of $167.70 billion, up 13.3% year-over-year.
• Institutional investors hold 72.20% of Amazon's stock, reflecting strong institutional interest in the company's performance and prospects.

Westpark Capital reaffirmed their buy rating on shares of Amazon.com (NASDAQ:AMZN) in a research report sent to investors on Friday morning,Benzinga reports. The firm currently has a $280.00 target price on the e-commerce giant's stock.

AMZN has been the subject of a number of other research reports. Needham & Company LLC lifted their price target on Amazon.com from $220.00 to $265.00 and gave the company a "buy" rating in a research report on Tuesday, July 22nd. Barclays dropped their target price on Amazon.com from $265.00 to $240.00 and set an "overweight" rating for the company in a research report on Friday, May 2nd. BNP Paribas raised Amazon.com from a "hold" rating to a "strong-buy" rating in a research note on Friday, June 27th. Evercore ISI dropped their target price on shares of Amazon.com from $270.00 to $260.00 and set an "outperform" rating for the company in a report on Friday, May 2nd. Finally, Oppenheimer boosted their price objective on shares of Amazon.com from $215.00 to $250.00 and gave the company an "outperform" rating in a research report on Friday, June 20th. Two research analysts have rated the stock with a hold rating, forty-seven have given a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat.com, Amazon.com presently has a consensus rating of "Buy" and a consensus target price of $260.85.

Amazon.com Stock Performance

Shares of NASDAQ AMZN traded down $19.36 during mid-day trading on Friday, hitting $214.75. The company had a trading volume of 122,007,379 shares, compared to its average volume of 37,811,656. The company has a current ratio of 1.05, a quick ratio of 0.84 and a debt-to-equity ratio of 0.17. Amazon.com has a 1 year low of $151.61 and a 1 year high of $242.52. The company has a market capitalization of $2.28 trillion, a price-to-earnings ratio of 32.74, a P/E/G ratio of 1.59 and a beta of 1.31. The stock's 50-day moving average price is $218.20 and its 200-day moving average price is $209.11.

Amazon.com (NASDAQ:AMZN - Get Free Report) last released its quarterly earnings data on Thursday, July 31st. The e-commerce giant reported $1.68 EPS for the quarter, beating analysts' consensus estimates of $1.31 by $0.37. Amazon.com had a net margin of 10.54% and a return on equity of 24.90%. The company had revenue of $167.70 billion during the quarter, compared to analyst estimates of $161.80 billion. During the same period last year, the business earned $1.26 earnings per share. Amazon.com's revenue was up 13.3% compared to the same quarter last year. On average, sell-side analysts forecast that Amazon.com will post 6.31 earnings per share for the current year.

Insider Buying and Selling

In other Amazon.com news, insider Jeffrey P. Bezos sold 4,273,237 shares of the company's stock in a transaction dated Friday, July 11th. The shares were sold at an average price of $224.81, for a total value of $960,666,409.97. Following the transaction, the insider directly owned 897,722,088 shares in the company, valued at $201,816,902,603.28. This represents a 0.47% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Over the last quarter, insiders have sold 25,099,537 shares of company stock valued at $5,674,394,548. Company insiders own 9.70% of the company's stock.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the company. Castlekeep Investment Advisors LLC bought a new stake in shares of Amazon.com in the fourth quarter valued at about $25,000. Prudent Man Investment Management Inc. purchased a new position in Amazon.com during the 4th quarter valued at about $27,000. Carderock Capital Management Inc. bought a new stake in shares of Amazon.com in the 2nd quarter valued at about $27,000. LSV Asset Management purchased a new stake in shares of Amazon.com in the 4th quarter worth approximately $35,000. Finally, Cooksen Wealth LLC bought a new position in shares of Amazon.com during the first quarter valued at approximately $36,000. Institutional investors own 72.20% of the company's stock.

About Amazon.com

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.