Amazon.com (NASDAQ:AMZN) Rating Reiterated by Telsey Advisory Group

Telsey Advisory Group reissued their outperform rating on shares of Amazon.com (NASDAQ:AMZN) in a report issued on Thursday morning, Benzinga reports. Telsey Advisory Group currently has a $200.00 price target on the e-commerce giant’s stock.

Other equities research analysts also recently issued reports about the stock. Barclays lifted their price target on shares of Amazon.com from $190.00 to $220.00 and gave the company an overweight rating in a research report on Friday, February 2nd. DA Davidson restated a buy rating and set a $235.00 price objective on shares of Amazon.com in a research report on Thursday, April 18th. The Goldman Sachs Group lifted their price objective on Amazon.com from $200.00 to $220.00 and gave the stock a buy rating in a research report on Friday, February 2nd. Evercore ISI lifted their price objective on Amazon.com from $195.00 to $220.00 and gave the stock an outperform rating in a research report on Friday, February 2nd. Finally, Benchmark restated a buy rating and set a $200.00 price objective on shares of Amazon.com in a research report on Wednesday. One investment 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 stock. According to data from MarketBeat.com, the stock has an average rating of Buy and an average price target of $205.13.

Amazon.com Price Performance

AMZN stock opened at $179.62 on Thursday. The firm has a 50 day moving average of $177.99 and a 200-day moving average of $158.79. Amazon.com has a 12-month low of $101.15 and a 12-month high of $189.77. The company has a current ratio of 1.05, a quick ratio of 0.84 and a debt-to-equity ratio of 0.29. The company has a market cap of $1.87 trillion, a price-to-earnings ratio of 61.94, a PEG ratio of 1.50 and a beta of 1.16.

Amazon.com (NASDAQ:AMZN) last posted its quarterly earnings results on Thursday, February 1st. The e-commerce giant reported $1.00 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.81 by $0.19. Amazon.com had a net margin of 5.29% and a return on equity of 16.61%. The company had revenue of $169.96 billion during the quarter, compared to the consensus estimate of $165.96 billion. During the same period last year, the firm earned $0.21 EPS. The company’s revenue for the quarter was up 13.9% on a year-over-year basis. As a group, equities analysts expect that Amazon.com will post 4.11 EPS for the current fiscal year.

Insider Buying and Selling

In related news, CEO Adam Selipsky sold 500 shares of the company’s stock in a transaction on 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 of the company’s stock, valued at approximately $18,150,723.20. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. In related news, CEO Adam Selipsky sold 500 shares of the company’s stock in a transaction on 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 of the company’s stock, valued at approximately $18,150,723.20. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, VP Shelley Reynolds sold 3,100 shares of the company’s stock in a transaction dated Wednesday, February 21st. The shares were sold at an average price of $168.97, for a total transaction of $523,807.00. Following the completion of the transaction, the vice president now directly owns 119,780 shares of the company’s stock, valued at $20,239,226.60. The disclosure for this sale can be found here. In the last three months, 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.

Hedge Funds Weigh In On Amazon.com

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Register Financial Advisors LLC boosted its position in Amazon.com by 14.3% in the 3rd quarter. Register Financial Advisors LLC now owns 5,263 shares of the e-commerce giant’s stock valued at $669,000 after buying an additional 657 shares during the last quarter. Wedge Capital Management L L P NC raised its stake in shares of Amazon.com by 1.0% in the 3rd quarter. Wedge Capital Management L L P NC now owns 14,613 shares of the e-commerce giant’s stock valued at $1,858,000 after purchasing an additional 148 shares in the last quarter. Cherrydale Wealth Management LLC raised its stake in shares of Amazon.com by 14.7% in the 4th quarter. Cherrydale Wealth Management LLC now owns 5,260 shares of the e-commerce giant’s stock valued at $799,000 after purchasing an additional 675 shares in the last quarter. Tompkins Financial Corp raised its stake in shares of Amazon.com by 3.3% in the 4th quarter. Tompkins Financial Corp now owns 71,576 shares of the e-commerce giant’s stock valued at $10,875,000 after purchasing an additional 2,273 shares in the last quarter. Finally, Nicholas Company Inc. raised its stake in shares of Amazon.com by 3.9% in the 3rd quarter. Nicholas Company Inc. now owns 705,065 shares of the e-commerce giant’s stock valued at $89,628,000 after purchasing an additional 26,465 shares in the last quarter. 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.