JMP Securities Reaffirms Market Outperform Rating for Amazon.com (NASDAQ:AMZN)

JMP Securities reissued their market outperform rating on shares of Amazon.com (NASDAQ:AMZN) in a research note published on Tuesday, Benzinga reports. The brokerage currently has a $225.00 target price on the e-commerce giant’s stock.

Several other research analysts have also weighed in on the stock. 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. Evercore ISI increased their price target on shares of Amazon.com from $220.00 to $225.00 and gave the stock an outperform rating in a research report on Wednesday, May 1st. Morgan Stanley increased their price target on shares of Amazon.com from $215.00 to $220.00 and gave the stock an overweight rating in a research report on Wednesday, May 1st. Sanford C. Bernstein increased their price target on shares of Amazon.com from $210.00 to $215.00 and gave the stock an outperform rating in a research report on Monday. Finally, Barclays reduced their price target on shares of Amazon.com from $230.00 to $220.00 and set an overweight rating on the stock in a research report on Tuesday, July 16th. One equities research analyst has rated the stock with a hold rating, forty-two have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, Amazon.com has a consensus rating of Buy and a consensus target price of $220.04.

Amazon.com Trading Down 0.5 %

Shares of AMZN opened at $179.85 on Tuesday. The company has a current ratio of 1.07, a quick ratio of 0.87 and a debt-to-equity ratio of 0.27. Amazon.com has a 12-month low of $118.35 and a 12-month high of $201.20. The firm has a 50-day moving average price of $187.32 and a 200 day moving average price of $178.38. The firm has a market capitalization of $1.87 trillion, a P/E ratio of 50.38, a P/E/G ratio of 1.33 and a beta of 1.15.

Amazon.com (NASDAQ:AMZN) last announced its earnings results on Tuesday, April 30th. The e-commerce giant reported $0.98 earnings per share for the quarter, topping the consensus estimate of $0.83 by $0.15. The company had revenue of $143.31 billion during the quarter, compared to analyst estimates of $142.65 billion. Amazon.com had a net margin of 6.38% and a return on equity of 19.86%. Amazon.com’s revenue was up 12.5% compared to the same quarter last year. During the same quarter last year, the firm posted $0.31 earnings per share. Sell-side analysts forecast that Amazon.com will post 4.73 EPS for the current year.

Insider Activity at Amazon.com

In related news, VP Shelley Reynolds sold 2,700 shares of Amazon.com stock in a transaction on Tuesday, May 21st. The shares were sold at an average price of $181.39, for a total value of $489,753.00. Following the transaction, the vice president now directly owns 119,780 shares in the company, valued at approximately $21,726,894.20. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. In other Amazon.com news, VP Shelley Reynolds sold 2,700 shares of the firm’s stock in a transaction on Tuesday, May 21st. The stock was sold at an average price of $181.39, for a total value of $489,753.00. Following the completion of the sale, the vice president now owns 119,780 shares of the company’s stock, valued at $21,726,894.20. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, SVP David Zapolsky sold 9,490 shares of the firm’s stock in a transaction on Tuesday, May 21st. The shares were sold at an average price of $181.41, for a total value of $1,721,580.90. Following the completion of the sale, the senior vice president now directly owns 64,210 shares of the company’s stock, valued at approximately $11,648,336.10. The disclosure for this sale can be found here. Insiders have sold a total of 6,112,990 shares of company stock worth $1,222,250,048 in the last three months. Insiders own 10.80% of the company’s stock.

Institutional Investors Weigh In On Amazon.com

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Proficio Capital Partners LLC raised its stake in shares of Amazon.com by 0.7% during the 2nd quarter. Proficio Capital Partners LLC now owns 78,772 shares of the e-commerce giant’s stock worth $15,223,000 after buying an additional 573 shares during the last quarter. Catalyst Capital Advisors LLC raised its stake in shares of Amazon.com by 93.8% during the 2nd quarter. Catalyst Capital Advisors LLC now owns 34,515 shares of the e-commerce giant’s stock worth $6,670,000 after buying an additional 16,704 shares during the last quarter. Christopher J. Hasenberg Inc raised its stake in shares of Amazon.com by 650.0% during the 2nd quarter. Christopher J. Hasenberg Inc now owns 300 shares of the e-commerce giant’s stock worth $58,000 after buying an additional 260 shares during the last quarter. New Millennium Group LLC raised its stake in shares of Amazon.com by 10.2% during the 2nd quarter. New Millennium Group LLC now owns 21,221 shares of the e-commerce giant’s stock worth $4,101,000 after buying an additional 1,966 shares during the last quarter. Finally, Rooted Wealth Advisors Inc. raised its stake in shares of Amazon.com by 7.5% during the 2nd quarter. Rooted Wealth Advisors Inc. now owns 7,498 shares of the e-commerce giant’s stock worth $1,378,000 after buying an additional 524 shares during the last quarter. Institutional investors and hedge funds own 72.20% of the company’s stock.

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.