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 morning, Benzinga reports. They currently have a $200.00 target price on the e-commerce giant’s stock.

Several other equities research analysts have also recently weighed in on AMZN. UBS Group increased their target price on shares of Amazon.com from $215.00 to $217.00 and gave the company a buy rating in a research note on Wednesday. DA Davidson reiterated a buy rating and issued a $235.00 price objective on shares of Amazon.com in a research report on Thursday, April 18th. Barclays boosted their price objective on Amazon.com from $220.00 to $230.00 and gave the company an overweight rating in a research report on Wednesday. Robert W. Baird upped their target price on Amazon.com from $205.00 to $210.00 and gave the company an outperform rating in a research note on Wednesday. Finally, TD Cowen lifted their price target on shares of Amazon.com from $200.00 to $225.00 and gave the stock an outperform rating in a research note on Friday, February 2nd. One investment analyst has rated the stock with a hold rating, forty-four have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, Amazon.com presently has a consensus rating of Buy and an average price target of $211.07.

Amazon.com Trading Up 0.8 %

Shares of NASDAQ:AMZN opened at $186.21 on Wednesday. Amazon.com has a 52-week low of $103.31 and a 52-week high of $189.77. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.84 and a current ratio of 1.07. The company has a market cap of $1.94 trillion, a P/E ratio of 52.16, a P/E/G ratio of 1.37 and a beta of 1.15. The stock’s 50-day moving average is $179.02 and its 200-day moving average is $160.32.

Amazon.com (NASDAQ:AMZN) last announced its quarterly earnings data 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 business 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%. Amazon.com’s quarterly revenue was up 12.5% on a year-over-year basis. During the same quarter last year, the company posted $0.31 earnings per share. Equities research analysts predict that Amazon.com will post 4.55 earnings per share for the current year.

Insider Activity at Amazon.com

In other Amazon.com news, 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 transaction of $1,020,764,145.84. Following the transaction, the insider now owns 982,252,968 shares in the company, valued at $167,140,165,034.88. The sale was disclosed in a document filed with the SEC, which is available through this link. In other Amazon.com news, insider Jeffrey P. Bezos sold 5,998,849 shares of the stock in a transaction on Wednesday, February 7th. The shares were sold at an average price of $170.16, for a total value of $1,020,764,145.84. Following the sale, the insider now directly owns 982,252,968 shares in the company, valued at $167,140,165,034.88. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO Adam Selipsky sold 500 shares of the business’s stock in a transaction on Thursday, April 4th. The shares were sold at an average price of $184.00, for a total transaction of $92,000.00. Following the completion of the transaction, the chief executive officer now directly owns 131,600 shares of the company’s stock, valued at approximately $24,214,400. The disclosure for this sale can be found here. Over the last quarter, insiders sold 32,217,010 shares of company stock worth $5,506,442,301. 10.80% of the stock is owned by insiders.

Hedge Funds Weigh In On Amazon.com

Institutional investors have recently modified their holdings of the business. 1900 Wealth Management LLC grew its holdings in shares of Amazon.com by 7.9% during the third quarter. 1900 Wealth Management LLC now owns 26,006 shares of the e-commerce giant’s stock worth $3,306,000 after buying an additional 1,899 shares in the last quarter. Park Place Capital Corp grew its stake in shares of Amazon.com by 4.0% during the 3rd quarter. Park Place Capital Corp now owns 22,054 shares of the e-commerce giant’s stock worth $2,804,000 after acquiring an additional 857 shares in the last quarter. Kozak & Associates Inc. raised its holdings in shares of Amazon.com by 81.9% in the third quarter. Kozak & Associates Inc. now owns 54,534 shares of the e-commerce giant’s stock valued at $6,978,000 after purchasing an additional 24,549 shares during the last quarter. Avior Wealth Management LLC lifted its position in shares of Amazon.com by 0.3% in the third quarter. Avior Wealth Management LLC now owns 71,767 shares of the e-commerce giant’s stock worth $9,123,000 after purchasing an additional 225 shares in the last quarter. Finally, Founders Financial Securities LLC boosted its holdings in Amazon.com by 5.6% during the third quarter. Founders Financial Securities LLC now owns 40,762 shares of the e-commerce giant’s stock worth $5,182,000 after purchasing an additional 2,147 shares during the last quarter. Institutional investors own 72.20% of the company’s stock.

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.