Amazon.com's (AMZN) "Market Outperform" Rating Reiterated at JMP Securities

JMP Securities reaffirmed their market outperform rating on shares of Amazon.com (NASDAQ:AMZN) in a research report report published on Wednesday morning, Benzinga reports. The brokerage currently has a $225.00 price objective on the e-commerce giant's stock.

AMZN has been the topic of a number of other research reports. Deutsche Bank Aktiengesellschaft upped their price target on Amazon.com from $175.00 to $200.00 and gave the stock a buy rating in a report on Friday, February 2nd. TD Cowen upped their price target on Amazon.com from $200.00 to $225.00 and gave the stock an outperform rating in a report on Friday, February 2nd. Susquehanna upped their price target on Amazon.com from $185.00 to $220.00 and gave the stock a positive rating in a report on Friday, February 2nd. Monness Crespi & Hardt upped their price target on Amazon.com from $170.00 to $215.00 and gave the stock a buy rating in a report on Friday, February 2nd. Finally, Robert W. Baird upped their price target on Amazon.com from $185.00 to $205.00 and gave the stock an outperform rating in a report on Friday, February 2nd. One research analyst has rated the stock with a hold rating, forty-four have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of Buy and a consensus price target of $204.76.

Amazon.com Stock Performance

Shares of AMZN stock traded down $2.95 during trading hours on Wednesday, reaching $176.59. 34,053,895 shares of the company's stock were exchanged, compared to its average volume of 42,734,879. The company has a market cap of $1.83 trillion, a P/E ratio of 60.89, a price-to-earnings-growth ratio of 1.54 and a beta of 1.16. The company's 50 day moving average is $177.71 and its two-hundred day moving average is $158.12. Amazon.com has a 1 year low of $101.15 and a 1 year high of $189.77. 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 issued its 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 the consensus estimate of $165.96 billion. Amazon.com had a return on equity of 16.61% and a net margin of 5.29%. The company's revenue for the quarter was up 13.9% on a year-over-year basis. During the same period in the prior year, the business posted $0.21 EPS. Equities research analysts anticipate that Amazon.com will post 4.1 EPS for the current fiscal year.

Insider Activity at Amazon.com

In other Amazon.com news, insider Jeffrey P. Bezos sold 5,998,849 shares of the business's stock in a transaction on Wednesday, February 7th. The shares were sold at an average price of $170.16, for a total transaction of $1,020,764,145.84. Following the completion of the transaction, the insider now owns 982,252,968 shares of the company's stock, valued at approximately $167,140,165,034.88. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In other news, insider Jeffrey P. Bezos sold 5,998,849 shares of the company's stock in a transaction dated Wednesday, February 7th. The shares were sold at an average price of $170.16, for a total transaction of $1,020,764,145.84. Following the completion of the transaction, the insider now owns 982,252,968 shares of the company's stock, valued at $167,140,165,034.88. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Adam Selipsky sold 500 shares of the company's stock in a transaction dated Thursday, February 1st. The shares were sold at an average price of $155.72, for a total transaction of $77,860.00. Following the completion of the sale, the chief executive officer now directly owns 116,560 shares in the company, valued at approximately $18,150,723.20. The disclosure for this sale can be found here. In the last 90 days, insiders sold 32,214,010 shares of company stock valued at $5,505,889,146. Insiders own 10.80% of the company's stock.

Institutional Trading of Amazon.com

A number of institutional investors and hedge funds have recently added to or reduced their stakes in AMZN. Norges Bank bought a new stake in Amazon.com during the fourth quarter worth about $17,700,551,000. Vanguard Group Inc. grew its stake in Amazon.com by 4.4% during the third quarter. Vanguard Group Inc. now owns 757,951,795 shares of the e-commerce giant's stock worth $96,350,832,000 after buying an additional 32,038,029 shares during the last quarter. International Assets Investment Management LLC grew its stake in Amazon.com by 16,029.3% during the fourth quarter. International Assets Investment Management LLC now owns 23,865,216 shares of the e-commerce giant's stock worth $36,260,810,000 after buying an additional 23,717,254 shares during the last quarter. FMR LLC grew its stake in Amazon.com by 7.7% during the third quarter. FMR LLC now owns 302,101,441 shares of the e-commerce giant's stock worth $38,403,135,000 after buying an additional 21,649,871 shares during the last quarter. Finally, Jennison Associates LLC grew its stake in Amazon.com by 28.4% during the third quarter. Jennison Associates LLC now owns 54,981,548 shares of the e-commerce giant's stock worth $6,989,254,000 after buying an additional 12,176,114 shares during the last quarter. Institutional investors 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.