Amazon.com (NASDAQ:AMZN) Earns Buy Rating from Roth Mkm

Roth Mkm reissued their buy rating on shares of Amazon.com (NASDAQ:AMZN) in a report released on Wednesday, Benzinga reports. The brokerage currently has a $210.00 price target on the e-commerce giant’s stock, up from their previous price target of $205.00.

Several other equities research analysts also recently commented on AMZN. Rosenblatt Securities restated a buy rating and set a $220.00 price objective on shares of Amazon.com in a report on Wednesday. Canaccord Genuity Group raised their price objective on shares of Amazon.com from $185.00 to $200.00 and gave the company a buy rating in a research note on Friday, February 2nd. Oppenheimer lifted their price objective on shares of Amazon.com from $210.00 to $220.00 and gave the company an outperform rating in a report on Wednesday. BMO Capital Markets upped their target price on shares of Amazon.com from $205.00 to $215.00 and gave the stock an outperform rating in a report on Tuesday, April 23rd. Finally, Robert W. Baird lifted their price target on Amazon.com from $205.00 to $210.00 and gave the company an outperform rating in a research note on Wednesday. One analyst has rated the stock with a hold rating, forty-four have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of Buy and a consensus price target of $211.07.

Amazon.com Trading Up 0.8 %

AMZN opened at $186.21 on Wednesday. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.07 and a quick ratio of 0.84. Amazon.com has a fifty-two week low of $103.31 and a fifty-two week high of $189.77. The company’s 50 day moving average price is $178.79 and its two-hundred day moving average price is $159.95. The firm has a market capitalization of $1.93 trillion, a price-to-earnings ratio of 52.16, a PEG ratio of 1.55 and a beta of 1.15.

Amazon.com (NASDAQ:AMZN) last posted its quarterly earnings data on Tuesday, April 30th. The e-commerce giant reported $0.98 EPS for the quarter, beating analysts’ consensus estimates of $0.83 by $0.15. Amazon.com had a net margin of 6.38% and a return on equity of 19.86%. The company had revenue of $143.31 billion for the quarter, compared to analyst estimates of $142.65 billion. During the same period in the prior year, the firm posted $0.31 EPS. The company’s quarterly revenue was up 12.5% on a year-over-year basis. As a group, research analysts predict that Amazon.com will post 4.12 earnings per share for the current year.

Insider Activity at Amazon.com

In other Amazon.com news, CEO Adam Selipsky sold 500 shares of the business’s stock in a transaction on Thursday, April 4th. The shares were sold at an average price of $184.00, for a total value of $92,000.00. Following the completion of the sale, the chief executive officer now directly owns 131,600 shares of the company’s stock, valued at $24,214,400. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other Amazon.com news, CEO Adam Selipsky sold 500 shares of the company’s stock in a transaction that occurred on Thursday, April 4th. The stock was sold at an average price of $184.00, for a total transaction of $92,000.00. Following the completion of the transaction, the chief executive officer now owns 131,600 shares of the company’s stock, valued at approximately $24,214,400. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Douglas J. Herrington sold 20,200 shares of Amazon.com stock in a transaction that occurred on Wednesday, February 7th. The stock was sold at an average price of $169.99, for a total value of $3,433,798.00. Following the completion of the sale, 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 90 days, insiders have sold 32,217,010 shares of company stock valued at $5,506,442,301. Insiders own 10.80% of the company’s stock.

Institutional Investors Weigh In On Amazon.com

Institutional investors and hedge funds have recently modified their holdings of the stock. Cooksen Wealth LLC bought a new stake in Amazon.com during the 4th quarter valued at approximately $30,000. PayPay Securities Corp boosted its position in shares of Amazon.com by 54.3% during the third quarter. PayPay Securities Corp now owns 267 shares of the e-commerce giant’s stock valued at $34,000 after purchasing an additional 94 shares in the last quarter. E Fund Management Hong Kong Co. Ltd. boosted its position in shares of Amazon.com by 45.0% during the fourth quarter. E Fund Management Hong Kong Co. Ltd. now owns 277 shares of the e-commerce giant’s stock valued at $42,000 after purchasing an additional 86 shares in the last quarter. Strid Group LLC purchased a new stake in Amazon.com in the fourth quarter worth $43,000. Finally, Clarity Asset Management Inc. purchased a new position in Amazon.com during the fourth quarter valued at $46,000. 72.20% of the stock is owned by hedge funds and other institutional investors.

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.