Amazon.com (NASDAQ:AMZN) Given “Buy” Rating at Needham & Company LLC

Needham & Company LLC reissued their buy rating on shares of Amazon.com (NASDAQ:AMZN) in a research report released on Tuesday morning, Benzinga reports. Needham & Company LLC currently has a $205.00 price target on the e-commerce giant’s stock.

Several other equities analysts have also commented on AMZN. Monness Crespi & Hardt upped their price target on shares of Amazon.com from $215.00 to $225.00 and gave the stock a buy rating in a research report on Wednesday, May 1st. Morgan Stanley upped their price objective on shares of Amazon.com from $215.00 to $220.00 and gave the stock an overweight rating in a report on Wednesday, May 1st. Evercore ISI upped their price objective on shares of Amazon.com from $220.00 to $225.00 and gave the stock an outperform rating in a report on Wednesday, May 1st. Roth Mkm reaffirmed a buy rating and issued a $210.00 price objective (up previously from $205.00) on shares of Amazon.com in a report on Wednesday, May 1st. Finally, Robert W. Baird upped their price target on shares of Amazon.com from $210.00 to $213.00 and gave the company an outperform rating in a report on Friday, June 21st. One equities research analyst has rated the stock with a hold rating, forty-two have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, Amazon.com has a consensus rating of Buy and a consensus price target of $217.38.

Amazon.com Trading Down 2.4 %

AMZN opened at $195.05 on Tuesday. Amazon.com has a 52-week low of $118.35 and a 52-week high of $201.20. The company has a quick ratio of 0.87, a current ratio of 1.07 and a debt-to-equity ratio of 0.27. The firm has a market capitalization of $2.03 trillion, a P/E ratio of 54.64, a P/E/G ratio of 1.43 and a beta of 1.15. The firm’s 50 day moving average is $187.46 and its 200-day moving average is $175.88.

Amazon.com (NASDAQ:AMZN) last released its quarterly earnings data on Tuesday, April 30th. The e-commerce giant reported $0.98 EPS for the quarter, topping analysts’ consensus estimates of $0.83 by $0.15. Amazon.com had a net margin of 6.38% and a return on equity of 19.86%. The firm had revenue of $143.31 billion during the quarter, compared to the consensus estimate of $142.65 billion. During the same quarter in the previous year, the company posted $0.31 earnings per share. The firm’s revenue was up 12.5% on a year-over-year basis. Analysts expect that Amazon.com will post 4.72 EPS for the current fiscal year.

Insider Buying and Selling at Amazon.com

In other news, CEO Adam Selipsky sold 500 shares of the stock in a transaction that occurred on Thursday, April 18th. The stock was sold at an average price of $181.38, for a total value of $90,690.00. Following the completion of the sale, the chief executive officer now directly owns 130,600 shares of the company’s stock, valued at $23,688,228. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, CEO Adam Selipsky sold 500 shares of the firm’s stock in a transaction on Thursday, April 18th. The stock was sold at an average price of $181.38, for a total value of $90,690.00. Following the completion of the transaction, the chief executive officer now directly owns 130,600 shares of the company’s stock, valued at $23,688,228. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO Douglas J. Herrington sold 3,500 shares of the firm’s stock in a transaction 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 directly 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 have sold a total of 6,113,490 shares of company stock worth $1,222,340,738 over the last 90 days. Insiders own 10.80% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the stock. Vanguard Group Inc. increased its stake in shares of Amazon.com by 1.9% in the first quarter. Vanguard Group Inc. now owns 785,811,114 shares of the e-commerce giant’s stock valued at $141,744,609,000 after buying an additional 14,724,687 shares in the last quarter. Norges Bank acquired a new stake in Amazon.com in the fourth quarter worth about $17,700,551,000. Capital Research Global Investors increased its position in Amazon.com by 8.5% in the first quarter. Capital Research Global Investors now owns 86,982,857 shares of the e-commerce giant’s stock worth $15,689,968,000 after purchasing an additional 6,810,145 shares during the period. Jennison Associates LLC increased its position in Amazon.com by 0.5% in the first quarter. Jennison Associates LLC now owns 56,666,183 shares of the e-commerce giant’s stock worth $10,221,446,000 after purchasing an additional 295,132 shares during the period. Finally, Charles Schwab Investment Management Inc. boosted its holdings in Amazon.com by 3.0% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 51,920,953 shares of the e-commerce giant’s stock worth $7,888,870,000 after buying an additional 1,525,922 shares during the last quarter. 72.20% of the stock is currently owned by institutional investors and hedge funds.

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.