Amazon.com’s (AMZN) Market Outperform Rating Reiterated at JMP Securities

Amazon.com (NASDAQ:AMZN)‘s stock had its “market outperform” rating reissued by investment analysts at JMP Securities in a report issued on Thursday,Benzinga reports. They presently have a $285.00 price target on the e-commerce giant’s stock. JMP Securities’ price objective would indicate a potential upside of 21.10% from the stock’s current price.

Other research analysts have also recently issued reports about the stock. Royal Bank of Canada increased their target price on shares of Amazon.com from $215.00 to $225.00 and gave the company an “outperform” rating in a report on Friday, November 1st. Raymond James raised their price objective on Amazon.com from $230.00 to $260.00 and gave the company a “strong-buy” rating in a research note on Tuesday, January 21st. TD Cowen boosted their target price on Amazon.com from $240.00 to $265.00 and gave the stock a “buy” rating in a research report on Thursday, December 12th. Deutsche Bank Aktiengesellschaft raised their price target on Amazon.com from $225.00 to $232.00 and gave the company a “buy” rating in a research report on Friday, November 1st. Finally, Moffett Nathanson boosted their price objective on shares of Amazon.com from $235.00 to $248.00 and gave the stock a “buy” rating in a research report on Tuesday, November 26th. Two investment analysts have rated the stock with a hold rating, forty-two have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $249.46.

Amazon.com Trading Down 0.7 %

NASDAQ AMZN opened at $235.35 on Thursday. The company has a quick ratio of 0.87, a current ratio of 1.09 and a debt-to-equity ratio of 0.21. The stock has a market capitalization of $2.47 trillion, a P/E ratio of 50.70, a P/E/G ratio of 1.31 and a beta of 1.14. Amazon.com has a 52-week low of $151.61 and a 52-week high of $241.77. The firm has a 50-day moving average price of $221.62 and a 200 day moving average price of $198.03.

Amazon.com (NASDAQ:AMZN) last posted its quarterly earnings results on Thursday, October 31st. The e-commerce giant reported $1.43 EPS for the quarter, beating the consensus estimate of $1.14 by $0.29. The business had revenue of $158.88 billion during the quarter, compared to analysts’ expectations of $157.28 billion. Amazon.com had a return on equity of 22.41% and a net margin of 8.04%. The company’s quarterly revenue was up 11.0% compared to the same quarter last year. During the same period last year, the firm earned $0.85 EPS. Equities research analysts expect that Amazon.com will post 5.39 EPS for the current year.

Insider Transactions at Amazon.com

In other Amazon.com news, insider Jeffrey P. Bezos sold 2,996,362 shares of the company’s stock in a transaction that occurred on Friday, November 8th. The stock was sold at an average price of $208.85, for a total value of $625,790,203.70. Following the completion of the transaction, the insider now owns 917,416,976 shares in the company, valued at $191,602,535,437.60. This represents a 0.33 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Daniel P. Huttenlocher sold 1,237 shares of the stock in a transaction that occurred on Tuesday, November 19th. The shares were sold at an average price of $199.06, for a total transaction of $246,237.22. Following the completion of the sale, the director now directly owns 24,912 shares of the company’s stock, valued at $4,958,982.72. This trade represents a 4.73 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 6,032,344 shares of company stock valued at $1,253,456,822 over the last 90 days. Corporate insiders own 10.80% of the company’s stock.

Hedge Funds Weigh In On Amazon.com

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Fiera Capital Corp boosted its stake in Amazon.com by 12.5% during the 2nd quarter. Fiera Capital Corp now owns 401,113 shares of the e-commerce giant’s stock valued at $77,515,000 after acquiring an additional 44,615 shares during the last quarter. Octavia Wealth Advisors LLC raised its stake in shares of Amazon.com by 6.6% in the 2nd quarter. Octavia Wealth Advisors LLC now owns 103,346 shares of the e-commerce giant’s stock valued at $19,972,000 after purchasing an additional 6,415 shares in the last quarter. Oregon Public Employees Retirement Fund lifted its position in shares of Amazon.com by 0.7% during the second quarter. Oregon Public Employees Retirement Fund now owns 786,676 shares of the e-commerce giant’s stock worth $152,025,000 after purchasing an additional 5,261 shares during the last quarter. Founders Financial Securities LLC grew its stake in Amazon.com by 10.0% in the second quarter. Founders Financial Securities LLC now owns 46,781 shares of the e-commerce giant’s stock worth $9,040,000 after purchasing an additional 4,256 shares in the last quarter. Finally, Archer Investment Corp increased its holdings in Amazon.com by 3.2% in the second quarter. Archer Investment Corp now owns 13,538 shares of the e-commerce giant’s stock valued at $2,616,000 after buying an additional 418 shares during the last quarter. 72.20% of the stock is owned by hedge funds and other institutional investors.

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.