Amazon.com's (AMZN) Market Outperform Rating Reaffirmed at JMP Securities

Amazon.com (NASDAQ:AMZN)'s stock had its "market outperform" rating reiterated by equities research analysts at JMP Securities in a research report issued to clients and investors on Thursday,Benzinga reports. They currently have a $240.00 price target on the e-commerce giant's stock. JMP Securities' target price points to a potential upside of 26.35% from the stock's current price.

A number of other analysts have also recently commented on the company. Royal Bank of Canada boosted their price target on Amazon.com from $255.00 to $265.00 and gave the stock an "outperform" rating in a research report on Friday, February 7th. Needham & Company LLC reissued a "buy" rating and issued a $250.00 target price on shares of Amazon.com in a research note on Friday, February 7th. Citigroup lowered their price target on Amazon.com from $273.00 to $225.00 and set a "buy" rating for the company in a research report on Monday, April 14th. Oppenheimer cut their price objective on shares of Amazon.com from $260.00 to $220.00 and set an "outperform" rating on the stock in a research report on Monday. Finally, Wolfe Research upped their target price on shares of Amazon.com from $250.00 to $270.00 and gave the stock an "outperform" rating in a research note on Friday, January 3rd. Two equities research analysts have rated the stock with a hold rating and forty-five have given a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $246.50.

Amazon.com Stock Up 3.0 %

Shares of AMZN traded up $5.53 on Thursday, reaching $189.95. The stock had a trading volume of 27,780,803 shares, compared to its average volume of 41,625,022. 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 12-month low of $151.61 and a 12-month high of $242.52. The firm has a market capitalization of $2.02 trillion, a price-to-earnings ratio of 34.31, a price-to-earnings-growth ratio of 1.50 and a beta of 1.39. The company has a 50-day simple moving average of $191.39 and a 200-day simple moving average of $207.74.

Amazon.com (NASDAQ:AMZN - Get Free Report) last released its earnings results on Thursday, February 6th. The e-commerce giant reported $1.86 earnings per share for the quarter, topping analysts' consensus estimates of $1.52 by $0.34. Amazon.com had a net margin of 9.29% and a return on equity of 24.25%. Sell-side analysts predict that Amazon.com will post 6.31 EPS for the current year.

Insider Transactions at Amazon.com

In other news, SVP David Zapolsky sold 5,848 shares of the firm's stock in a transaction that occurred on Friday, February 21st. The shares were sold at an average price of $220.72, for a total transaction of $1,290,770.56. Following the transaction, the senior vice president now directly owns 69,162 shares of the company's stock, valued at approximately $15,265,436.64. This trade represents a 7.80 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Douglas J. Herrington sold 2,500 shares of the business's stock in a transaction that occurred on Tuesday, April 1st. The shares were sold at an average price of $187.99, for a total value of $469,975.00. Following the completion of the sale, the chief executive officer now owns 509,474 shares of the company's stock, valued at $95,776,017.26. The trade was a 0.49 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 104,798 shares of company stock worth $23,341,803. 10.80% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of AMZN. Castlekeep Investment Advisors LLC purchased a new stake in shares of Amazon.com in the 4th quarter worth approximately $25,000. Accordant Advisory Group Inc raised its stake in Amazon.com by 400.0% in the fourth quarter. Accordant Advisory Group Inc now owns 125 shares of the e-commerce giant's stock worth $27,000 after buying an additional 100 shares in the last quarter. Prudent Man Investment Management Inc. purchased a new stake in Amazon.com during the fourth quarter worth $27,000. Icon Wealth Advisors LLC boosted its position in Amazon.com by 20.5% during the 3rd quarter. Icon Wealth Advisors LLC now owns 150,661 shares of the e-commerce giant's stock valued at $28,000 after acquiring an additional 25,581 shares in the last quarter. Finally, LSV Asset Management purchased a new position in shares of Amazon.com in the 4th quarter valued at $35,000. 72.20% of the stock is currently owned by hedge funds and other institutional investors.

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.

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