Amazon.com (NASDAQ:AMZN) Coverage Initiated by Analysts at Maxim Group

Maxim Group assumed coverage on shares of Amazon.com (NASDAQ:AMZN) in a research note published on Wednesday, MarketBeat reports. The firm issued a buy rating and a $218.00 target price on the e-commerce giant’s stock.

Other analysts have also recently issued reports about the company. Telsey Advisory Group reiterated an outperform rating and set a $200.00 price target on shares of Amazon.com in a research report on Wednesday, March 27th. Robert W. Baird increased their price target on Amazon.com from $185.00 to $205.00 and gave the stock an outperform rating in a research report on Friday, February 2nd. JMP Securities raised their target price on Amazon.com from $175.00 to $225.00 and gave the company an outperform rating in a research report on Friday, February 2nd. TD Cowen raised their target price on Amazon.com from $200.00 to $225.00 and gave the company an outperform rating in a research report on Friday, February 2nd. Finally, Deutsche Bank Aktiengesellschaft raised their target price on Amazon.com from $175.00 to $200.00 and gave the company a buy rating in a research report on Friday, February 2nd. One analyst has rated the stock with a hold rating, forty-four have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of Buy and a consensus price target of $202.80.

Amazon.com Trading Down 1.1 %

Shares of NASDAQ AMZN opened at $181.28 on Wednesday. The stock’s 50 day moving average price is $177.09 and its two-hundred day moving average price is $156.36. Amazon.com has a 52-week low of $101.15 and a 52-week high of $189.77. The stock has a market capitalization of $1.89 trillion, a P/E ratio of 62.51, a PEG ratio of 1.60 and a beta of 1.16. The company has a quick ratio of 0.84, a current ratio of 1.05 and a debt-to-equity ratio of 0.29.

Amazon.com (NASDAQ:AMZN) last announced its quarterly earnings results on Thursday, February 1st. The e-commerce giant reported $1.00 earnings per share for the quarter, topping analysts’ consensus estimates of $0.81 by $0.19. The business had revenue of $169.96 billion for the quarter, compared to analysts’ expectations of $165.96 billion. Amazon.com had a return on equity of 16.61% and a net margin of 5.29%. The business’s quarterly revenue was up 13.9% on a year-over-year basis. During the same period in the prior year, the firm earned $0.21 EPS. On average, analysts anticipate that Amazon.com will post 4.08 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, CEO Adam Selipsky sold 500 shares of the firm’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 value 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other Amazon.com news, insider Jeffrey P. Bezos sold 5,998,849 shares of the company’s stock in a transaction that occurred on Wednesday, February 7th. The stock was sold at an average price of $170.16, for a total transaction of $1,020,764,145.84. Following the completion of the sale, 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 the SEC website. Also, CEO Adam Selipsky sold 500 shares of the company’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 value of $77,860.00. Following the transaction, the chief executive officer now owns 116,560 shares of the company’s stock, valued at $18,150,723.20. The disclosure for this sale can be found here. Insiders sold 32,213,510 shares of company stock valued at $5,505,798,456 over the last quarter. Insiders own 12.70% of the company’s stock.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of AMZN. State Street Corp lifted its holdings in shares of Amazon.com by 1,869.1% during the second quarter. State Street Corp now owns 326,727,487 shares of the e-commerce giant’s stock worth $34,701,726,000 after buying an additional 310,134,486 shares during the last quarter. Price T Rowe Associates Inc. MD raised its stake in shares of Amazon.com by 1,838.8% in the second quarter. Price T Rowe Associates Inc. MD now owns 311,971,394 shares of the e-commerce giant’s stock valued at $33,134,481,000 after purchasing an additional 295,880,050 shares in the last quarter. FMR LLC raised its stake in shares of Amazon.com by 1,792.4% in the second quarter. FMR LLC now owns 286,047,356 shares of the e-commerce giant’s stock valued at $30,381,089,000 after purchasing an additional 270,931,640 shares in the last quarter. Norges Bank acquired a new position in shares of Amazon.com in the fourth quarter valued at $17,700,551,000. Finally, Moneta Group Investment Advisors LLC raised its stake in shares of Amazon.com by 120,235.9% in the fourth quarter. Moneta Group Investment Advisors LLC now owns 116,480,298 shares of the e-commerce giant’s stock valued at $9,784,345,000 after purchasing an additional 116,383,502 shares in the last quarter. 72.20% of the stock is currently 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.