Amazon.com (NASDAQ:AMZN) Stock Rating Reaffirmed by Roth Mkm

Roth Mkm reaffirmed their buy rating on shares of Amazon.com (NASDAQ:AMZN) in a research note released on Tuesday morning, Benzinga reports. They currently have a $205.00 price objective on the e-commerce giant's stock.

A number of other brokerages have also recently weighed in on AMZN. Needham & Company LLC increased their target price on shares of Amazon.com from $175.00 to $205.00 and gave the stock a buy rating in a report on Friday, February 2nd. Susquehanna increased their target price on shares of Amazon.com from $185.00 to $220.00 and gave the stock a positive rating in a report on Friday, February 2nd. UBS Group increased their target price on shares of Amazon.com from $180.00 to $198.00 and gave the stock a buy rating in a report on Friday, February 2nd. JPMorgan Chase & Co. increased their target price on shares of Amazon.com from $190.00 to $225.00 and gave the stock an overweight rating in a report on Friday, February 2nd. Finally, Wedbush reissued an outperform rating and set a $220.00 target price on shares of Amazon.com in a report on Wednesday, April 10th. One research analyst has rated the stock with a hold rating, forty-three have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of Buy and a consensus price target of $201.98.

Amazon.com Stock Down 0.2 %

Shares of NASDAQ:AMZN traded down $0.30 during midday trading on Tuesday, reaching $183.32. The company had a trading volume of 32,849,145 shares, compared to its average volume of 43,139,930. The company has a debt-to-equity ratio of 0.29, a current ratio of 1.05 and a quick ratio of 0.84. The stock's fifty day moving average price is $176.60 and its 200-day moving average price is $155.79. The stock has a market capitalization of $1.91 trillion, a P/E ratio of 63.33, a PEG ratio of 1.62 and a beta of 1.17. Amazon.com has a one year low of $101.15 and a one year high of $189.77.

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

Insiders Place Their Bets

In other Amazon.com news, CEO Adam Selipsky sold 500 shares of the firm's stock in a transaction dated Thursday, January 18th. The shares were sold at an average price of $152.78, for a total value of $76,390.00. Following the completion of the transaction, the chief executive officer now directly owns 117,560 shares in the company, valued at $17,960,816.80. The sale was disclosed in a filing with the SEC, which is accessible through this link. In other news, CEO Douglas J. Herrington sold 20,200 shares of the stock in a transaction that occurred on Wednesday, February 7th. The shares were sold at an average price of $169.99, for a total value of $3,433,798.00. Following the completion of the sale, the chief executive officer now directly owns 514,131 shares of the company's stock, valued at $87,397,128.69. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Adam Selipsky sold 500 shares of the 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 completion of the sale, the chief executive officer now directly owns 117,560 shares of the company's stock, valued at $17,960,816.80. The disclosure for this sale can be found here. Insiders sold a total of 32,214,010 shares of company stock worth $5,505,874,846 over the last ninety days. 12.70% of the stock is currently owned by company insiders.

Institutional Trading of Amazon.com

A number of hedge funds have recently made changes to their positions in AMZN. Register Financial Advisors LLC raised its position in shares of Amazon.com by 14.3% in the third quarter. Register Financial Advisors LLC now owns 5,263 shares of the e-commerce giant's stock valued at $669,000 after purchasing an additional 657 shares during the period. Wedge Capital Management L L P NC raised its position in shares of Amazon.com by 1.0% in the third quarter. Wedge Capital Management L L P NC now owns 14,613 shares of the e-commerce giant's stock valued at $1,858,000 after purchasing an additional 148 shares during the period. Cherrydale Wealth Management LLC raised its position in shares of Amazon.com by 14.7% in the fourth quarter. Cherrydale Wealth Management LLC now owns 5,260 shares of the e-commerce giant's stock valued at $799,000 after purchasing an additional 675 shares during the period. Tompkins Financial Corp raised its position in shares of Amazon.com by 3.3% in the fourth quarter. Tompkins Financial Corp now owns 71,576 shares of the e-commerce giant's stock valued at $10,875,000 after purchasing an additional 2,273 shares during the period. Finally, Nicholas Company Inc. raised its position in shares of Amazon.com by 3.9% in the third quarter. Nicholas Company Inc. now owns 705,065 shares of the e-commerce giant's stock valued at $89,628,000 after purchasing an additional 26,465 shares during the period. 72.20% of the stock is owned by hedge funds and other institutional investors.

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.