Telsey Advisory Group reiterated their outperform rating on shares of Amazon.com (NASDAQ:AMZN) in a report released on Thursday morning,Benzinga reports. They currently have a $235.00 price objective on the e-commerce giant's stock.
AMZN has been the topic of a number of other research reports. Raymond James Financial reiterated an "outperform" rating and set a $195.00 target price (down previously from $275.00) on shares of Amazon.com in a research report on Monday, April 21st. Rosenblatt Securities lifted their target price on shares of Amazon.com from $287.00 to $288.00 and gave the company a "buy" rating in a research report on Friday, May 2nd. JPMorgan Chase & Co. upped their price target on shares of Amazon.com from $225.00 to $240.00 and gave the stock an "overweight" rating in a research report on Wednesday, June 4th. Wells Fargo & Company boosted their price objective on Amazon.com from $201.00 to $238.00 and gave the stock an "equal weight" rating in a research note on Tuesday. Finally, Jefferies Financial Group lowered their price target on Amazon.com from $250.00 to $240.00 and set a "buy" rating on the stock in a research note on Tuesday, April 22nd. Three analysts have rated the stock with a hold rating, forty-five have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, Amazon.com currently has an average rating of "Moderate Buy" and an average target price of $248.24.
View Our Latest Stock Report on Amazon.com
Amazon.com Stock Performance
Shares of NASDAQ AMZN traded down $0.28 during midday trading on Thursday, reaching $222.26. 30,243,964 shares of the stock were exchanged, compared to its average volume of 42,065,235. The company has a quick ratio of 0.84, a current ratio of 1.05 and a debt-to-equity ratio of 0.17. The firm has a market cap of $2.36 trillion, a price-to-earnings ratio of 36.20, a PEG ratio of 1.67 and a beta of 1.33. The firm has a 50-day simple moving average of $208.56 and a two-hundred day simple moving average of $208.68. Amazon.com has a twelve month low of $151.61 and a twelve month high of $242.52.
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 the consensus estimate of $1.38 by $0.21. Amazon.com had a net margin of 10.14% and a return on equity of 24.14%. The company had revenue of $155.67 billion for the quarter, compared to analyst estimates of $154.96 billion. During the same quarter last year, the business earned $0.98 earnings per share. The firm's revenue was up 8.6% on a year-over-year basis. As a group, analysts anticipate that Amazon.com will post 6.31 EPS for the current fiscal year.
Insider Transactions at Amazon.com
In other Amazon.com news, SVP David Zapolsky sold 13,570 shares of the firm's stock in a transaction that occurred on Thursday, May 22nd. The shares were sold at an average price of $202.41, for a total transaction of $2,746,703.70. Following the sale, the senior vice president owned 47,030 shares of the company's stock, valued at approximately $9,519,342.30. This trade represents a 22.39% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Andrew R. Jassy sold 19,872 shares of Amazon.com stock in a transaction on Wednesday, May 21st. The stock was sold at an average price of $201.30, for a total transaction of $4,000,233.60. Following the sale, the chief executive officer owned 2,148,694 shares in the company, valued at $432,532,102.20. This represents a 0.92% 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 valued at $1,531,840,610 over the last three months. 9.70% of the stock is owned by corporate insiders.
Institutional Trading of Amazon.com
Institutional investors and hedge funds have recently bought and sold shares of the business. Momentous Wealth Management Inc. purchased a new position in Amazon.com in the fourth quarter valued at about $749,000. Segall Bryant & Hamill LLC raised its stake in shares of Amazon.com by 14.3% in the 4th quarter. Segall Bryant & Hamill LLC now owns 317,114 shares of the e-commerce giant's stock valued at $69,572,000 after acquiring an additional 39,696 shares during the period. Bearing Point Capital LLC purchased a new stake in shares of Amazon.com during the fourth quarter valued at approximately $12,014,000. Evergreen Capital Management LLC boosted its holdings in Amazon.com by 0.5% in the fourth quarter. Evergreen Capital Management LLC now owns 242,550 shares of the e-commerce giant's stock valued at $53,213,000 after purchasing an additional 1,198 shares during the last quarter. Finally, Arrowstreet Capital Limited Partnership lifted its position in shares of Amazon.com by 173.6% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 3,461,573 shares of the e-commerce giant's stock worth $759,434,000 after purchasing an additional 2,196,353 shares during the last quarter. Hedge funds and other 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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