Amazon.com, Inc. (NASDAQ:AMZN) Receives Average Rating of “Buy” from Brokerages

Amazon.com, Inc. (NASDAQ:AMZN) has been given an average rating of “Buy” by the forty-five ratings firms that are presently covering the company, MarketBeat reports. One investment analyst has rated the stock with a hold rating, forty-three have assigned a buy rating and one has issued a strong buy rating on the company. The average twelve-month price target among brokers that have covered the stock in the last year is $211.62.

A number of analysts recently weighed in on AMZN shares. JPMorgan Chase & Co. increased their price objective on shares of Amazon.com from $225.00 to $240.00 and gave the stock an “overweight” rating in a research report on Wednesday, May 1st. Truist Financial boosted their price objective on Amazon.com from $216.00 to $220.00 and gave the company a “buy” rating in a report on Wednesday, May 1st. JMP Securities reiterated a “market outperform” rating and issued a $225.00 target price on shares of Amazon.com in a research note on Wednesday, May 1st. Maxim Group lowered their target price on shares of Amazon.com from $318.00 to $238.00 and set a “buy” rating for the company in a research note on Wednesday, May 1st. Finally, Robert W. Baird raised their price target on shares of Amazon.com from $205.00 to $210.00 and gave the stock an “outperform” rating in a research note on Wednesday, May 1st.

Amazon.com Stock Performance

NASDAQ AMZN opened at $189.50 on Friday. The business’s 50 day moving average price is $179.90 and its 200-day moving average price is $161.81. Amazon.com has a fifty-two week low of $108.05 and a fifty-two week high of $191.70. The company has a market cap of $1.97 trillion, a P/E ratio of 53.08, a P/E/G ratio of 1.35 and a beta of 1.15. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.87 and a current ratio of 1.07.

Amazon.com (NASDAQ:AMZN) last posted its quarterly earnings data on Tuesday, April 30th. The e-commerce giant reported $0.98 earnings per share for the quarter, beating analysts’ consensus estimates of $0.83 by $0.15. The business had revenue of $143.31 billion for the quarter, compared to analysts’ expectations of $142.65 billion. Amazon.com had a net margin of 6.38% and a return on equity of 19.86%. The business’s revenue was up 12.5% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.31 earnings per share. Sell-side analysts predict that Amazon.com will post 4.67 earnings per share for the current year.

Insider Buying and Selling

In other news, CEO Douglas J. Herrington sold 14,300 shares of the company’s stock in a transaction on Monday, February 12th. The stock was sold at an average price of $175.00, for a total value of $2,502,500.00. Following the transaction, the chief executive officer now owns 499,831 shares of the company’s stock, valued at approximately $87,470,425. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. In other Amazon.com news, CEO Douglas J. Herrington sold 14,300 shares of the business’s stock in a transaction that occurred on Monday, February 12th. The stock was sold at an average price of $175.00, for a total value of $2,502,500.00. Following the sale, the chief executive officer now owns 499,831 shares of the company’s stock, valued at $87,470,425. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO Andrew R. Jassy sold 50,000 shares of the firm’s stock in a transaction on Friday, February 16th. The stock was sold at an average price of $168.65, for a total value of $8,432,500.00. Following the transaction, the chief executive officer now owns 2,014,055 shares of the company’s stock, valued at $339,670,375.75. The disclosure for this sale can be found here. Over the last three months, insiders sold 20,187,979 shares of company stock worth $3,440,575,337. Company insiders own 10.80% of the company’s stock.

Institutional Trading of Amazon.com

Several hedge funds have recently made changes to their positions in the business. GHP Investment Advisors Inc. lifted its position in shares of Amazon.com by 7.7% during the 3rd quarter. GHP Investment Advisors Inc. now owns 5,386 shares of the e-commerce giant’s stock worth $699,000 after buying an additional 383 shares during the last quarter. Nalls Sherbakoff Group LLC increased its holdings in shares of Amazon.com by 7.4% in the 3rd quarter. Nalls Sherbakoff Group LLC now owns 10,128 shares of the e-commerce giant’s stock valued at $1,287,000 after purchasing an additional 700 shares in the last quarter. Farmers & Merchants Trust Co of Chambersburg PA lifted its position in shares of Amazon.com by 1.4% during the 3rd quarter. Farmers & Merchants Trust Co of Chambersburg PA now owns 18,727 shares of the e-commerce giant’s stock valued at $2,381,000 after acquiring an additional 253 shares during the period. Kiley Juergens Wealth Management LLC boosted its position in Amazon.com by 3.9% during the third quarter. Kiley Juergens Wealth Management LLC now owns 91,169 shares of the e-commerce giant’s stock worth $11,589,000 after purchasing an additional 3,397 shares in the last quarter. Finally, Meridian Wealth Management LLC boosted its position in shares of Amazon.com by 113.5% in the 3rd quarter. Meridian Wealth Management LLC now owns 543,440 shares of the e-commerce giant’s stock worth $69,082,000 after buying an additional 288,942 shares in the last quarter. Institutional investors and hedge funds 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.