Benchmark Reiterates Buy Rating for Amazon.com (NASDAQ:AMZN)

Benchmark reaffirmed their buy rating on shares of Amazon.com (NASDAQ:AMZN) in a research report report published on Wednesday, Benzinga reports. They currently have a $200.00 price target on the e-commerce giant’s stock.

Other analysts have also issued research reports about the company. JMP Securities increased their price objective on Amazon.com from $175.00 to $225.00 and gave the company an outperform rating in a research note on Friday, February 2nd. Sanford C. Bernstein increased their price objective on Amazon.com from $175.00 to $200.00 and gave the company an outperform rating in a research note on Friday, February 2nd. Piper Sandler increased their price objective on Amazon.com from $185.00 to $205.00 and gave the company an overweight rating in a research note on Friday, February 2nd. Oppenheimer increased their price objective on Amazon.com from $200.00 to $210.00 and gave the company an outperform rating in a research note on Friday, February 2nd. Finally, DA Davidson reissued a buy rating and set a $235.00 price objective on shares of Amazon.com in a research note on Thursday, April 18th. One investment analyst has rated the stock with a hold rating, forty-four have given a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of Buy and an average price target of $205.13.

Amazon.com Stock Performance

NASDAQ:AMZN opened at $179.62 on Wednesday. The business has a 50 day moving average of $177.99 and a 200 day moving average of $158.59. The company has a market capitalization of $1.87 trillion, a price-to-earnings ratio of 61.94, a PEG ratio of 1.53 and a beta of 1.16. Amazon.com has a 1-year low of $101.15 and a 1-year high of $189.77. The company has a debt-to-equity ratio of 0.29, a current ratio of 1.05 and a quick ratio of 0.84.

Amazon.com (NASDAQ:AMZN) last released its 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 company had revenue of $169.96 billion during the quarter, compared to the consensus estimate of $165.96 billion. Amazon.com had a return on equity of 16.61% and a net margin of 5.29%. Amazon.com’s quarterly revenue was up 13.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.21 EPS. On average, sell-side analysts predict that Amazon.com will post 4.1 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Amazon.com news, CEO Adam Selipsky sold 500 shares of the firm’s stock in a transaction dated 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 $18,150,723.20. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other Amazon.com news, CEO Adam Selipsky sold 500 shares of the firm’s stock in a transaction dated 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 $18,150,723.20. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Jeffrey P. Bezos sold 5,998,849 shares of the firm’s stock in a transaction dated Wednesday, February 7th. The stock was sold at an average price of $170.16, for a total value of $1,020,764,145.84. Following the completion of the transaction, the insider now directly owns 982,252,968 shares in the company, valued at $167,140,165,034.88. The disclosure for this sale can be found here. Over the last three months, insiders have sold 32,214,010 shares of company stock valued at $5,505,889,146. Insiders own 10.30% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of AMZN. Cooksen Wealth LLC purchased a new position in shares of Amazon.com during the 4th quarter valued at about $30,000. PayPay Securities Corp lifted its position in shares of Amazon.com by 54.3% during the 3rd quarter. PayPay Securities Corp now owns 267 shares of the e-commerce giant’s stock valued at $34,000 after buying an additional 94 shares in the last quarter. E Fund Management Hong Kong Co. Ltd. lifted its position in shares of Amazon.com by 45.0% during the 4th quarter. E Fund Management Hong Kong Co. Ltd. now owns 277 shares of the e-commerce giant’s stock valued at $42,000 after buying an additional 86 shares in the last quarter. Strid Group LLC purchased a new position in shares of Amazon.com during the 4th quarter valued at about $43,000. Finally, Harbor Investment Advisory LLC lifted its position in shares of Amazon.com by 0.7% during the 4th quarter. Harbor Investment Advisory LLC now owns 299,959 shares of the e-commerce giant’s stock valued at $46,000 after buying an additional 1,988 shares in 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.