Amazon.com, Inc. (NASDAQ:AMZN) Given Average Rating of “Moderate Buy” by Analysts

Amazon.com, Inc. (NASDAQ:AMZN) has received an average rating of “Moderate Buy” from the fifty-nine brokerages that are covering the firm, MarketBeat Ratings reports. Four investment analysts have rated the stock with a hold rating, fifty-four have issued a buy rating and one has given a strong buy rating to the company. The average 12 month price target among brokerages that have issued ratings on the stock in the last year is $295.4211.

AMZN has been the topic of a number of recent analyst reports. Canaccord Genuity Group set a $300.00 price target on shares of Amazon.com and gave the company a “buy” rating in a research report on Friday, October 31st. KeyCorp reissued an “overweight” rating on shares of Amazon.com in a research report on Friday, December 5th. Weiss Ratings restated a “buy (b)” rating on shares of Amazon.com in a research note on Monday, December 29th. Wedbush reaffirmed an “outperform” rating and set a $340.00 price target on shares of Amazon.com in a research report on Wednesday, December 3rd. Finally, Telsey Advisory Group boosted their price objective on Amazon.com from $265.00 to $300.00 and gave the stock an “outperform” rating in a research report on Friday, October 31st.

View Our Latest Analysis on AMZN

Key Stories Impacting Amazon.com

Here are the key news stories impacting Amazon.com this week:

Amazon.com Price Performance

AMZN stock opened at $234.34 on Friday. The company has a market capitalization of $2.51 trillion, a P/E ratio of 33.10, a price-to-earnings-growth ratio of 1.45 and a beta of 1.37. The company has a debt-to-equity ratio of 0.14, a quick ratio of 0.80 and a current ratio of 1.01. Amazon.com has a 52-week low of $161.38 and a 52-week high of $258.60. The business has a 50-day simple moving average of $231.59 and a two-hundred day simple moving average of $228.89.

Amazon.com (NASDAQ:AMZNGet Free Report) last issued its quarterly earnings data on Thursday, October 30th. The e-commerce giant reported $1.95 earnings per share for the quarter, beating the consensus estimate of $1.57 by $0.38. The business had revenue of $180.17 billion for the quarter, compared to analysts’ expectations of $177.53 billion. Amazon.com had a return on equity of 23.62% and a net margin of 11.06%.The business’s revenue was up 13.4% on a year-over-year basis. During the same period last year, the business earned $1.43 EPS. Research analysts expect that Amazon.com will post 6.31 EPS for the current fiscal year.

Insider Activity at Amazon.com

In other Amazon.com news, CEO Douglas J. Herrington sold 2,500 shares of Amazon.com stock in a transaction dated Monday, December 1st. The shares were sold at an average price of $233.22, for a total value of $583,050.00. Following the sale, the chief executive officer owned 505,934 shares of the company’s stock, valued at approximately $117,993,927.48. The trade was a 0.49% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Keith Brian Alexander sold 900 shares of the business’s stock in a transaction dated Monday, November 17th. The shares were sold at an average price of $233.00, for a total transaction of $209,700.00. Following the completion of the transaction, the director owned 7,170 shares in the company, valued at approximately $1,670,610. The trade was a 11.15% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last ninety days, insiders sold 79,734 shares of company stock worth $18,534,017. 9.70% of the stock is owned by company insiders.

Institutional Investors Weigh In On Amazon.com

Hedge funds have recently modified their holdings of the stock. Brighton Jones LLC grew its stake in Amazon.com by 10.9% in the 4th quarter. Brighton Jones LLC now owns 4,036,091 shares of the e-commerce giant’s stock valued at $885,478,000 after buying an additional 397,007 shares in the last quarter. Revolve Wealth Partners LLC boosted its holdings in shares of Amazon.com by 4.1% in the fourth quarter. Revolve Wealth Partners LLC now owns 25,045 shares of the e-commerce giant’s stock worth $5,495,000 after acquiring an additional 986 shares during the period. Bank Pictet & Cie Europe AG boosted its holdings in shares of Amazon.com by 2.8% in the fourth quarter. Bank Pictet & Cie Europe AG now owns 2,016,869 shares of the e-commerce giant’s stock worth $442,481,000 after acquiring an additional 54,987 shares during the period. Highview Capital Management LLC DE grew its position in shares of Amazon.com by 5.5% in the fourth quarter. Highview Capital Management LLC DE now owns 28,975 shares of the e-commerce giant’s stock valued at $6,357,000 after purchasing an additional 1,518 shares in the last quarter. Finally, Liberty Square Wealth Partners LLC bought a new stake in shares of Amazon.com during the 4th quarter valued at $2,153,000. Institutional investors own 72.20% of the company’s stock.

Amazon.com Company Profile

(Get Free Report)

Amazon.com, Inc is a diversified technology and retail company best known for its e-commerce marketplace and broad portfolio of consumer and enterprise services. Founded by Jeff Bezos in 1994 and headquartered in Seattle, Washington, the company launched as an online bookseller and expanded into a global retail platform that sells products directly to consumers and provides a marketplace for third-party sellers. Over time Amazon has grown beyond retail into areas including cloud computing, digital media, devices and logistics.

Key businesses and offerings include Amazon’s online marketplace and fulfillment services, the Amazon Prime membership program (which bundles expedited shipping with streaming and other benefits), Amazon Web Services (AWS) which supplies on-demand cloud computing and storage to businesses and public-sector customers, and a range of content and advertising services such as Prime Video and Amazon Advertising.

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Analyst Recommendations for Amazon.com (NASDAQ:AMZN)

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