Amazon.com (NASDAQ:AMZN) Earns Buy Rating from Analysts at Maxim Group

Maxim Group began coverage on shares of Amazon.com (NASDAQ:AMZN) in a report published on Wednesday morning, MarketBeat reports. The firm issued a buy rating and a $218.00 price objective on the e-commerce giant's stock.

AMZN has been the subject of a number of other research reports. Moffett Nathanson restated a buy rating and set a $228.00 price target on shares of Amazon.com in a report on Thursday, April 11th. Wedbush restated an outperform rating and issued a $220.00 target price on shares of Amazon.com in a research report on Wednesday, April 10th. Wolfe Research increased their price target on Amazon.com from $195.00 to $205.00 and gave the stock an outperform rating in a report on Friday, February 2nd. Robert W. Baird boosted their price objective on shares of Amazon.com from $185.00 to $205.00 and gave the company an outperform rating in a report on Friday, February 2nd. Finally, DA Davidson increased their target price on shares of Amazon.com from $200.00 to $235.00 and gave the stock a buy rating in a research note on Wednesday, April 10th. One research analyst has rated the stock with a hold rating, forty-four have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, Amazon.com has an average rating of Buy and an average target price of $202.80.

Amazon.com Trading Down 1.1 %

Amazon.com stock traded down $2.04 during trading on Wednesday, reaching $181.28. 31,306,711 shares of the company were exchanged, compared to its average volume of 42,980,531. The stock's 50 day simple moving average is $176.88 and its two-hundred day simple moving average is $156.19. The company has a market capitalization of $1.89 trillion, a P/E ratio of 62.51, a PEG ratio of 1.60 and a beta of 1.16. The company has a debt-to-equity ratio of 0.29, a current ratio of 1.05 and a quick ratio of 0.84. Amazon.com has a 52-week low of $101.15 and a 52-week high of $189.77.

Amazon.com (NASDAQ:AMZN - Get Free Report) last posted its quarterly earnings results on Thursday, February 1st. The e-commerce giant reported $1.00 EPS for the quarter, topping the consensus estimate of $0.81 by $0.19. Amazon.com had a return on equity of 16.61% and a net margin of 5.29%. The business had revenue of $169.96 billion for the quarter, compared to analyst estimates of $165.96 billion. During the same quarter in the previous year, the firm earned $0.21 EPS. The company's quarterly revenue was up 13.9% compared to the same quarter last year. On average, equities research analysts expect that Amazon.com will post 4.08 earnings per share for the current fiscal year.

Insider Transactions at Amazon.com

In other news, CEO Adam Selipsky sold 500 shares of the firm's stock in a transaction dated Thursday, January 18th. The stock was sold at an average price of $152.78, for a total transaction of $76,390.00. Following the sale, the chief executive officer now owns 117,560 shares of the company's stock, valued at approximately $17,960,816.80. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In other Amazon.com news, CEO Adam Selipsky sold 500 shares of Amazon.com stock in a transaction that occurred on Thursday, January 18th. The stock was sold at an average price of $152.78, for a total transaction of $76,390.00. Following the transaction, the chief executive officer now owns 117,560 shares of the company's stock, valued at $17,960,816.80. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, VP Shelley Reynolds sold 3,100 shares of Amazon.com stock in a transaction that occurred on Wednesday, February 21st. The stock was sold at an average price of $168.97, for a total value of $523,807.00. Following the transaction, the vice president now directly owns 119,780 shares in the company, valued at approximately $20,239,226.60. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 32,214,010 shares of company stock valued at $5,505,874,846. Corporate insiders own 12.70% of the company's stock.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the company. Mayflower Financial Advisors LLC increased its holdings in shares of Amazon.com by 0.3% in the third quarter. Mayflower Financial Advisors LLC now owns 194,762 shares of the e-commerce giant's stock valued at $25,000 after purchasing an additional 572 shares during the period. Cooksen Wealth LLC acquired a new position in shares of Amazon.com in the fourth quarter valued at approximately $30,000. PayPay Securities Corp increased its holdings in shares of Amazon.com by 54.3% in 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. Laurel Wealth Planning LLC increased its holdings in shares of Amazon.com by 1,900.0% in the second quarter. Laurel Wealth Planning LLC now owns 320 shares of the e-commerce giant's stock valued at $34,000 after purchasing an additional 304 shares during the period. Finally, Sanctuary Wealth Management L.L.C. acquired a new position in shares of Amazon.com in the fourth quarter valued at approximately $37,000. Institutional investors and hedge funds own 72.20% of the company's stock.

Amazon.com Company Profile

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.