Amazon.com's (AMZN) Buy Rating Reiterated at DA Davidson

DA Davidson reiterated their buy rating on shares of Amazon.com (NASDAQ:AMZN) in a research note released on Thursday, Benzinga reports. DA Davidson currently has a $235.00 price target on the e-commerce giant's stock.

A number of other research analysts also recently commented on AMZN. TD Cowen raised their target price on shares of Amazon.com from $200.00 to $225.00 and gave the company an outperform rating in a research report on Friday, February 2nd. Oppenheimer lifted their target price on shares of Amazon.com from $200.00 to $210.00 and gave the company an outperform rating in a report on Friday, February 2nd. Moffett Nathanson reaffirmed a buy rating and set a $228.00 target price on shares of Amazon.com in a report on Thursday, April 11th. Raymond James boosted their price target on shares of Amazon.com from $185.00 to $200.00 and gave the stock a strong-buy rating in a report on Friday, February 2nd. Finally, Piper Sandler lifted their target price on shares of Amazon.com from $185.00 to $205.00 and gave the stock an overweight rating in a research note on Friday, February 2nd. One equities research analyst has rated the stock with a hold rating, forty-four have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of Buy and an average price target of $202.80.

Amazon.com Stock Down 1.1 %

NASDAQ AMZN traded down $2.06 during trading hours on Thursday, reaching $179.22. 30,665,149 shares of the company's stock traded hands, compared to its average volume of 42,816,766. Amazon.com has a 52-week low of $101.15 and a 52-week high of $189.77. The firm has a market cap of $1.86 trillion, a PE ratio of 62.84, a PEG ratio of 1.60 and a beta of 1.16. The firm has a 50-day simple moving average of $177.09 and a 200 day simple moving average of $156.36. 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 (NASDAQ:AMZN - Get Free Report) last announced its quarterly earnings data 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. Amazon.com had a net margin of 5.29% and a return on equity of 16.61%. The firm had revenue of $169.96 billion during the quarter, compared to analysts' expectations of $165.96 billion. During the same period in the prior year, the company posted $0.21 earnings per share. The company's revenue for the quarter was up 13.9% compared to the same quarter last year. Sell-side analysts anticipate that Amazon.com will post 4.08 EPS for the current fiscal year.

Insider Activity

In other news, VP Shelley Reynolds sold 3,100 shares of Amazon.com stock in a transaction dated 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 of the company's stock, valued at approximately $20,239,226.60. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, CEO Adam Selipsky sold 500 shares of the business's stock in a transaction that occurred on Thursday, February 1st. The stock was sold at an average price of $155.72, for a total transaction of $77,860.00. Following the transaction, the chief executive officer now directly owns 116,560 shares of the company's stock, valued at approximately $18,150,723.20. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, VP Shelley Reynolds sold 3,100 shares of the business's 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 $20,239,226.60. The disclosure for this sale can be found here. Insiders have sold 32,213,510 shares of company stock valued at $5,505,798,456 in the last three months. Corporate insiders own 12.30% of the company's stock.

Hedge Funds Weigh In On Amazon.com

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Mayflower Financial Advisors LLC increased its holdings in Amazon.com by 0.3% during the 3rd quarter. Mayflower Financial Advisors LLC now owns 194,762 shares of the e-commerce giant's stock worth $25,000 after purchasing an additional 572 shares during the last quarter. Cooksen Wealth LLC bought a new stake in shares of Amazon.com in the 4th quarter valued at approximately $30,000. PayPay Securities Corp increased its holdings in shares of Amazon.com by 54.3% in the 3rd quarter. PayPay Securities Corp now owns 267 shares of the e-commerce giant's stock valued at $34,000 after acquiring an additional 94 shares during the last quarter. Laurel Wealth Planning LLC increased its holdings in shares of Amazon.com by 1,900.0% in the 2nd quarter. Laurel Wealth Planning LLC now owns 320 shares of the e-commerce giant's stock valued at $34,000 after acquiring an additional 304 shares during the last quarter. Finally, Sanctuary Wealth Management L.L.C. bought a new stake in shares of Amazon.com in the 4th quarter valued at approximately $37,000. 72.20% of the stock is 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.