Amazon.com (NASDAQ:AMZN) Rating Reiterated by Needham & Company LLC

Amazon.com (NASDAQ:AMZN)‘s stock had its “buy” rating reissued by analysts at Needham & Company LLC in a research note issued on Monday, Benzinga reports. They currently have a $205.00 price objective on the e-commerce giant’s stock. Needham & Company LLC’s price target would indicate a potential upside of 2.50% from the stock’s current price.

A number of other equities research analysts have also weighed in on AMZN. Wells Fargo & Company lifted their target price on Amazon.com from $234.00 to $239.00 and gave the company an “overweight” rating in a research report on Friday, June 28th. UBS Group lifted their target price on Amazon.com from $215.00 to $217.00 and gave the company a “buy” rating in a research report on Wednesday, May 1st. Barclays lifted their target price on Amazon.com from $220.00 to $230.00 and gave the company an “overweight” rating in a research report on Wednesday, May 1st. Morgan Stanley lifted their target price on Amazon.com from $215.00 to $220.00 and gave the company an “overweight” rating in a research report on Wednesday, May 1st. Finally, JMP Securities reissued a “market outperform” rating and issued a $225.00 price target on shares of Amazon.com in a research report on Wednesday, May 1st. One analyst has rated the stock with a hold rating, forty-three have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Buy” and a consensus target price of $215.86.

Amazon.com Price Performance

Shares of AMZN stock opened at $200.00 on Monday. Amazon.com has a 52-week low of $118.35 and a 52-week high of $200.43. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.87 and a current ratio of 1.07. The firm has a market capitalization of $2.08 trillion, a P/E ratio of 56.02, a P/E/G ratio of 1.38 and a beta of 1.15. The stock has a 50 day moving average price of $184.27 and a 200 day moving average price of $173.63.

Amazon.com (NASDAQ:AMZN) last issued its quarterly earnings results on Tuesday, April 30th. The e-commerce giant reported $0.98 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.83 by $0.15. Amazon.com had a return on equity of 19.86% and a net margin of 6.38%. The firm had revenue of $143.31 billion during the quarter, compared to analyst estimates of $142.65 billion. During the same period last year, the company earned $0.31 EPS. Amazon.com’s quarterly revenue was up 12.5% compared to the same quarter last year. As a group, sell-side analysts predict that Amazon.com will post 4.72 earnings per share for the current year.

Insider Buying and Selling at Amazon.com

In other news, CEO Douglas J. Herrington sold 3,500 shares of the company’s stock in a transaction that occurred on Monday, June 3rd. The stock was sold at an average price of $177.29, for a total value of $620,515.00. Following the completion of the sale, the chief executive officer now directly owns 523,253 shares in the company, valued at $92,767,524.37. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In other news, SVP David Zapolsky sold 4,710 shares of the company’s stock in a transaction that occurred on Thursday, June 27th. The stock was sold at an average price of $195.00, for a total value of $918,450.00. Following the completion of the sale, the senior vice president now directly owns 59,500 shares in the company, valued at $11,602,500. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Douglas J. Herrington sold 3,500 shares of the stock in a transaction that occurred on Monday, June 3rd. The stock was sold at an average price of $177.29, for a total value of $620,515.00. Following the completion of the transaction, the chief executive officer now owns 523,253 shares of the company’s stock, valued at $92,767,524.37. The disclosure for this sale can be found here. Insiders sold 66,548 shares of company stock valued at $12,180,239 over the last quarter. 10.80% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the business. Collective Family Office LLC boosted its position in shares of Amazon.com by 9.7% during the first quarter. Collective Family Office LLC now owns 9,278 shares of the e-commerce giant’s stock worth $1,674,000 after buying an additional 819 shares during the period. Members Trust Co raised its stake in shares of Amazon.com by 8.9% in the fourth quarter. Members Trust Co now owns 4,157 shares of the e-commerce giant’s stock valued at $638,000 after acquiring an additional 341 shares in the last quarter. Cherrydale Wealth Management LLC raised its stake in Amazon.com by 14.7% in the fourth quarter. Cherrydale Wealth Management LLC now owns 5,260 shares of the e-commerce giant’s stock valued at $799,000 after buying an additional 675 shares in the last quarter. Tompkins Financial Corp raised its stake in Amazon.com by 3.3% in the fourth quarter. Tompkins Financial Corp now owns 71,576 shares of the e-commerce giant’s stock valued at $10,875,000 after buying an additional 2,273 shares in the last quarter. Finally, Nicholas Company Inc. raised its stake in Amazon.com by 3.9% in the third quarter. Nicholas Company Inc. now owns 705,065 shares of the e-commerce giant’s stock valued at $89,628,000 after buying an additional 26,465 shares in the last quarter. 72.20% of the stock is currently 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.