Amazon.com (NASDAQ:AMZN) Receives Buy Rating from Jefferies Financial Group

Amazon.com (NASDAQ:AMZN)‘s stock had its “buy” rating restated by Jefferies Financial Group in a note issued to investors on Monday,MarketScreener reports.

Other equities research analysts also recently issued reports about the company. Weiss Ratings restated a “buy (b-)” rating on shares of Amazon.com in a research note on Monday, December 1st. Deutsche Bank Aktiengesellschaft increased their target price on Amazon.com from $278.00 to $300.00 and gave the stock a “buy” rating in a research report on Friday, October 31st. CIBC boosted their price objective on shares of Amazon.com to $315.00 in a research report on Monday, October 20th. Wells Fargo & Company reissued an “overweight” rating and issued a $295.00 price objective (up from $292.00) on shares of Amazon.com in a research report on Tuesday, December 2nd. Finally, KeyCorp restated an “overweight” rating on shares of Amazon.com in a research note on Friday. One analyst has rated the stock with a Strong Buy rating, fifty-seven have assigned a Buy rating and three have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $295.93.

Amazon.com Stock Up 0.2%

AMZN opened at $229.53 on Monday. The stock has a market capitalization of $2.45 trillion, a price-to-earnings ratio of 32.42, a PEG ratio of 1.58 and a beta of 1.37. The firm has a 50 day moving average price of $228.58 and a 200-day moving average price of $224.11. Amazon.com has a twelve month low of $161.38 and a twelve month high of $258.60. The company has a quick ratio of 0.80, a current ratio of 1.01 and a debt-to-equity ratio of 0.14.

Amazon.com (NASDAQ:AMZN) last issued its earnings results on Thursday, October 30th. The e-commerce giant reported $1.95 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.57 by $0.38. The company had revenue of $180.17 billion for the quarter, compared to analysts’ expectations of $177.53 billion. Amazon.com had a net margin of 11.06% and a return on equity of 23.62%. The firm’s quarterly revenue was up 13.4% on a year-over-year basis. During the same quarter last year, the company posted $1.43 earnings per share. Equities research analysts forecast that Amazon.com will post 6.31 earnings per share for the current year.

Insider Activity

In other Amazon.com news, CEO Matthew S. Garman sold 17,768 shares of Amazon.com stock in a transaction dated Friday, November 21st. The stock was sold at an average price of $216.90, for a total value of $3,853,879.20. Following the completion of the transaction, the chief executive officer directly owned 6,273 shares of the company’s stock, valued at $1,360,613.70. The trade was a 73.91% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Douglas J. Herrington sold 22,000 shares of the business’s stock in a transaction on Friday, October 31st. The stock was sold at an average price of $250.03, for a total transaction of $5,500,660.00. Following the completion of the transaction, the chief executive officer owned 493,507 shares of the company’s stock, valued at approximately $123,391,555.21. This trade represents a 4.27% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 82,234 shares of company stock worth $19,076,767 in the last quarter. Insiders own 10.80% of the company’s stock.

Hedge Funds Weigh In On Amazon.com

Institutional investors have recently modified their holdings of the company. Kingstone Capital Partners Texas LLC grew its stake in shares of Amazon.com by 542,733.6% during the 2nd quarter. Kingstone Capital Partners Texas LLC now owns 132,641,388 shares of the e-commerce giant’s stock valued at $29,100,194,000 after buying an additional 132,616,953 shares during the period. Norges Bank acquired a new stake in Amazon.com during the second quarter worth about $27,438,011,000. Nuveen LLC acquired a new position in shares of Amazon.com in the 1st quarter valued at about $11,674,091,000. Vanguard Group Inc. increased its position in shares of Amazon.com by 2.1% in the second quarter. Vanguard Group Inc. now owns 849,721,601 shares of the e-commerce giant’s stock worth $186,420,422,000 after acquiring an additional 17,447,045 shares in the last quarter. Finally, Laurel Wealth Advisors LLC lifted its holdings in Amazon.com by 22,085.8% in the 2nd quarter. Laurel Wealth Advisors LLC now owns 12,177,557 shares of the e-commerce giant’s stock worth $2,671,634,000 after buying an additional 12,122,668 shares in the last quarter. Institutional investors and hedge funds 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.