Amazon.com (NASDAQ:AMZN) Given "Buy" Rating at Roth Mkm

Roth Mkm reiterated their buy rating on shares of Amazon.com (NASDAQ:AMZN) in a report released on Wednesday, Benzinga reports. They currently have a $210.00 target price on the e-commerce giant's stock, up from their prior target price of $205.00.

Other research analysts have also issued research reports about the stock. Piper Sandler increased their price target on shares of Amazon.com from $205.00 to $220.00 and gave the stock an overweight rating in a research note on Wednesday. Robert W. Baird upped their price objective on shares of Amazon.com from $205.00 to $210.00 and gave the stock an outperform rating in a report on Wednesday. Barclays boosted their price target on Amazon.com from $220.00 to $230.00 and gave the stock an overweight rating in a research report on Wednesday. Telsey Advisory Group increased their price objective on Amazon.com from $200.00 to $215.00 and gave the company an outperform rating in a report on Wednesday. Finally, Morgan Stanley raised their price objective on Amazon.com from $215.00 to $220.00 and gave the company an overweight rating in a research note on Wednesday. One analyst has rated the stock with a hold rating, forty-four have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the company currently has an average rating of Buy and an average target price of $210.18.

Amazon.com Stock Up 2.3 %

Shares of NASDAQ:AMZN traded up $4.00 during midday trading on Wednesday, hitting $179.00. 93,608,344 shares of the stock were exchanged, compared to its average volume of 44,190,461. The business's fifty day simple moving average is $178.38 and its two-hundred day simple moving average is $159.64. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.84 and a current ratio of 1.05. Amazon.com has a 52-week low of $101.15 and a 52-week high of $189.77. The company has a market capitalization of $1.86 trillion, a PE ratio of 63.08, a P/E/G ratio of 1.57 and a beta of 1.16.

Amazon.com (NASDAQ:AMZN - Get Free Report) last announced its quarterly earnings results 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. Amazon.com had a return on equity of 16.61% and a net margin of 5.29%. The business had revenue of $143.31 billion during the quarter, compared to analyst estimates of $142.65 billion. During the same period in the previous year, the company earned $0.31 EPS. The firm's revenue was up 12.5% on a year-over-year basis. As a group, research analysts predict that Amazon.com will post 4.11 earnings per share for the current fiscal year.

Insider Activity

In other news, CEO Adam Selipsky sold 500 shares of the company's stock in a transaction on Thursday, April 18th. The stock was sold at an average price of $181.38, for a total transaction of $90,690.00. Following the transaction, the chief executive officer now owns 130,600 shares of the company's stock, valued at $23,688,228. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In other Amazon.com news, CEO Adam Selipsky sold 500 shares of the business's stock in a transaction dated Thursday, April 18th. The stock was sold at an average price of $181.38, for a total transaction of $90,690.00. Following the completion of the sale, the chief executive officer now directly owns 130,600 shares of the company's stock, valued at approximately $23,688,228. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Douglas J. Herrington sold 20,200 shares of the company's stock in a transaction dated Wednesday, February 7th. The shares were sold at an average price of $169.99, for a total transaction of $3,433,798.00. Following the transaction, the chief executive officer now owns 514,131 shares in the company, valued at $87,397,128.69. The disclosure for this sale can be found here. In the last ninety days, insiders sold 32,214,010 shares of company stock valued at $5,505,889,146. Company insiders own 10.30% of the company's stock.

Institutional Trading of Amazon.com

Several institutional investors and hedge funds have recently made changes to their positions in AMZN. Vanguard Group Inc. lifted its stake in Amazon.com by 1.7% in the fourth quarter. Vanguard Group Inc. now owns 771,086,427 shares of the e-commerce giant's stock valued at $117,158,872,000 after buying an additional 13,134,632 shares during the period. FMR LLC boosted its stake in Amazon.com by 7.7% during the 3rd quarter. FMR LLC now owns 302,101,441 shares of the e-commerce giant's stock worth $38,403,135,000 after acquiring an additional 21,649,871 shares during the last quarter. Norges Bank acquired a new position in Amazon.com during the fourth quarter valued at approximately $17,700,551,000. Northern Trust Corp increased its stake in Amazon.com by 3.7% in the third quarter. Northern Trust Corp now owns 92,329,336 shares of the e-commerce giant's stock valued at $11,736,905,000 after purchasing an additional 3,260,411 shares in the last quarter. Finally, Jennison Associates LLC raised its holdings in Amazon.com by 2.5% in the fourth quarter. Jennison Associates LLC now owns 56,371,051 shares of the e-commerce giant's stock worth $8,565,017,000 after purchasing an additional 1,389,503 shares during the period. 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.