Amazon.com (NASDAQ:AMZN) Earns “Market Outperform” Rating from JMP Securities

JMP Securities reiterated their market outperform rating on shares of Amazon.com (NASDAQ:AMZN) in a research report sent to investors on Wednesday morning, Benzinga reports. JMP Securities currently has a $225.00 price objective on the e-commerce giant’s stock.

A number of other brokerages have also weighed in on AMZN. Monness Crespi & Hardt raised their price objective on Amazon.com from $215.00 to $225.00 and gave the company a buy rating in a research note on Wednesday. Barclays lifted their price target on shares of Amazon.com from $220.00 to $230.00 and gave the stock an overweight rating in a research note on Wednesday. Raymond James increased their price objective on shares of Amazon.com from $200.00 to $205.00 and gave the company a strong-buy rating in a research note on Wednesday. Roth Mkm reissued a buy rating and issued a $205.00 target price on shares of Amazon.com in a research report on Tuesday, April 16th. Finally, Truist Financial increased their price target on shares of Amazon.com from $216.00 to $220.00 and gave the stock a buy rating in a research report on Wednesday. One 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 company. According to MarketBeat, the stock presently has an average rating of Buy and an average target price of $211.07.

Amazon.com Stock Up 0.8 %

NASDAQ AMZN opened at $186.21 on Wednesday. The stock has a market cap of $1.94 trillion, a PE ratio of 52.16, a P/E/G ratio of 1.37 and a beta of 1.15. The business has a 50 day moving average price of $179.02 and a two-hundred day moving average price of $160.32. Amazon.com has a fifty-two week low of $103.31 and a fifty-two week high of $189.77. The company has a quick ratio of 0.84, a current ratio of 1.07 and a debt-to-equity ratio of 0.27.

Amazon.com (NASDAQ:AMZN) last released its quarterly earnings results on Tuesday, April 30th. The e-commerce giant reported $0.98 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.83 by $0.15. The firm had revenue of $143.31 billion for the quarter, compared to the consensus estimate of $142.65 billion. Amazon.com had a net margin of 6.38% and a return on equity of 19.86%. The firm’s quarterly revenue was up 12.5% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.31 EPS. As a group, sell-side analysts predict that Amazon.com will post 4.55 EPS for the current fiscal year.

Insider Transactions at Amazon.com

In related news, insider Jeffrey P. Bezos sold 5,998,849 shares of the stock in a transaction that occurred on Wednesday, February 7th. The shares were sold at an average price of $170.16, for a total transaction of $1,020,764,145.84. Following the completion of the sale, the insider now directly owns 982,252,968 shares of the company’s stock, valued at $167,140,165,034.88. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In related news, insider Jeffrey P. Bezos sold 5,998,849 shares of Amazon.com stock in a transaction on 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 transaction, the insider now directly owns 982,252,968 shares in the company, valued at approximately $167,140,165,034.88. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Douglas J. Herrington sold 3,500 shares of the company’s stock in a transaction on Wednesday, May 1st. The shares were sold at an average price of $180.29, for a total value of $631,015.00. Following the sale, the chief executive officer now directly owns 509,358 shares of the company’s stock, valued at $91,832,153.82. 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. Corporate insiders own 10.80% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in AMZN. Ridgecrest Wealth Partners LLC grew its holdings in shares of Amazon.com by 0.7% during the first quarter. Ridgecrest Wealth Partners LLC now owns 7,755 shares of the e-commerce giant’s stock valued at $1,399,000 after buying an additional 56 shares in the last quarter. Stordahl Capital Management Inc. boosted its position in Amazon.com by 2.1% during the 1st quarter. Stordahl Capital Management Inc. now owns 2,763 shares of the e-commerce giant’s stock worth $498,000 after acquiring an additional 56 shares during the period. Lutz Financial Services LLC grew its stake in Amazon.com by 1.9% during the 1st quarter. Lutz Financial Services LLC now owns 3,053 shares of the e-commerce giant’s stock valued at $551,000 after acquiring an additional 57 shares in the last quarter. Echo45 Advisors LLC increased its holdings in shares of Amazon.com by 0.9% in the 1st quarter. Echo45 Advisors LLC now owns 6,619 shares of the e-commerce giant’s stock valued at $1,194,000 after purchasing an additional 59 shares during the period. Finally, Boyd Wealth Management LLC lifted its position in shares of Amazon.com by 1.7% in the first quarter. Boyd Wealth Management LLC now owns 3,655 shares of the e-commerce giant’s stock worth $659,000 after purchasing an additional 60 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.