Amazon.com, Inc. (NASDAQ:AMZN) Receives Consensus Rating of "Buy" from Brokerages

Shares of Amazon.com, Inc. (NASDAQ:AMZN) have been given an average rating of "Buy" by the forty-five brokerages that are currently covering the company, Marketbeat Ratings reports. One equities research analyst has rated the stock with a hold recommendation, forty-three have given a buy recommendation and one has issued a strong buy recommendation on the company. The average 12 month price target among brokers that have covered the stock in the last year is $211.07.

A number of research firms have commented on AMZN. BMO Capital Markets lifted their price objective on shares of Amazon.com from $215.00 to $220.00 and gave the company an "outperform" rating in a research note on Wednesday. Wells Fargo & Company raised their price objective on shares of Amazon.com from $217.00 to $234.00 and gave the company an "overweight" rating in a research note on Wednesday. Oppenheimer lifted their price target on shares of Amazon.com from $210.00 to $220.00 and gave the company an "outperform" rating in a research report on Wednesday. Monness Crespi & Hardt raised their price objective on Amazon.com from $215.00 to $225.00 and gave the company a "buy" rating in a research note on Wednesday. Finally, Evercore ISI boosted their target price on Amazon.com from $220.00 to $225.00 and gave the stock an "outperform" rating in a research report on Wednesday.

Amazon.com Stock Up 0.8 %

AMZN stock traded up $1.49 during midday trading on Friday, reaching $186.21. 39,100,673 shares of the company were exchanged, compared to its average volume of 44,260,461. The stock's 50-day simple moving average is $178.79 and its 200 day simple moving average is $159.95. Amazon.com has a 1-year low of $103.31 and a 1-year high of $189.77. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.84 and a current ratio of 1.07. The company has a market cap of $1.93 trillion, a price-to-earnings ratio of 52.16, a price-to-earnings-growth ratio of 1.55 and a beta of 1.15.

Amazon.com (NASDAQ:AMZN - Get Free Report) last released its quarterly earnings data on Tuesday, April 30th. The e-commerce giant reported $0.98 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.83 by $0.15. The company had revenue of $143.31 billion during the quarter, compared to the consensus estimate of $142.65 billion. Amazon.com had a net margin of 6.38% and a return on equity of 19.86%. Amazon.com's revenue for the quarter was up 12.5% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.31 earnings per share. On average, equities analysts forecast that Amazon.com will post 4.12 earnings per share for the current year.

Insider Activity

In other news, VP Shelley Reynolds sold 3,100 shares of the firm's stock in a transaction on Wednesday, February 21st. The stock was sold at an average price of $168.97, for a total transaction of $523,807.00. Following the transaction, the vice president now directly owns 119,780 shares of the company's stock, valued at $20,239,226.60. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In other Amazon.com news, insider Jeffrey P. Bezos sold 5,998,849 shares of the firm's stock in a transaction dated Wednesday, February 7th. The stock was sold at an average price of $170.16, for a total transaction of $1,020,764,145.84. Following the completion of the sale, the insider now directly owns 982,252,968 shares in the company, valued at approximately $167,140,165,034.88. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, VP Shelley Reynolds sold 3,100 shares of the stock in a transaction that occurred on Wednesday, February 21st. The stock was sold at an average price of $168.97, for a total transaction of $523,807.00. Following the completion of the sale, the vice president now directly owns 119,780 shares of the company's stock, valued at $20,239,226.60. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 32,217,010 shares of company stock valued at $5,506,442,301. Insiders own 10.80% of the company's stock.

Institutional Trading of Amazon.com

A number of institutional investors have recently added to or reduced their stakes in AMZN. Cooksen Wealth LLC acquired a new stake in shares of Amazon.com in the fourth quarter valued at about $30,000. PayPay Securities Corp increased its position in shares of Amazon.com by 54.3% during the third quarter. PayPay Securities Corp now owns 267 shares of the e-commerce giant's stock valued at $34,000 after purchasing an additional 94 shares during the period. E Fund Management Hong Kong Co. Ltd. raised its stake in shares of Amazon.com by 45.0% in the fourth quarter. E Fund Management Hong Kong Co. Ltd. now owns 277 shares of the e-commerce giant's stock valued at $42,000 after purchasing an additional 86 shares in the last quarter. Strid Group LLC acquired a new stake in Amazon.com during the fourth quarter worth $43,000. Finally, Harbor Investment Advisory LLC raised its stake in shares of Amazon.com by 0.7% in the 4th quarter. Harbor Investment Advisory LLC now owns 299,959 shares of the e-commerce giant's stock valued at $46,000 after buying an additional 1,988 shares in the last quarter. 72.20% of the stock is currently owned by institutional investors and hedge funds.

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.