Amazon.com (NASDAQ:AMZN) Receives “Buy” Rating from Benchmark

Benchmark restated their buy rating on shares of Amazon.com (NASDAQ:AMZN) in a research note published on Friday, Benzinga reports. Benchmark currently has a $200.00 price target on the e-commerce giant’s stock.

Several other equities research analysts have also issued reports on AMZN. Moffett Nathanson reissued a buy rating and set a $228.00 price objective on shares of Amazon.com in a research note on Thursday, April 11th. Jefferies Financial Group decreased their price objective on Amazon.com from $235.00 to $225.00 and set a buy rating on the stock in a report on Friday. BMO Capital Markets boosted their price objective on shares of Amazon.com from $220.00 to $230.00 and gave the company an outperform rating in a research report on Thursday, July 25th. JPMorgan Chase & Co. decreased their price objective on shares of Amazon.com from $240.00 to $230.00 and set an overweight rating for the company in a report on Friday. Finally, Wolfe Research began coverage on Amazon.com in a research report on Tuesday, July 16th. They set an outperform rating and a $250.00 price target on the stock. One research analyst has rated the stock with a hold rating, forty-one have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, Amazon.com currently has an average rating of Buy and an average target price of $222.58.

Amazon.com Price Performance

Amazon.com stock opened at $161.02 on Friday. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.07 and a quick ratio of 0.87. The firm has a market capitalization of $1.68 trillion, a P/E ratio of 44.45, a PEG ratio of 1.32 and a beta of 1.15. Amazon.com has a one year low of $118.35 and a one year high of $201.20. The business has a fifty day moving average price of $187.12 and a 200-day moving average price of $179.92.

Insider Transactions at Amazon.com

In other Amazon.com news, VP Shelley Reynolds sold 2,700 shares of the firm’s stock in a transaction dated Tuesday, May 21st. The stock was sold at an average price of $181.39, for a total transaction of $489,753.00. Following the sale, the vice president now directly owns 119,780 shares of the company’s stock, valued at $21,726,894.20. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. In related news, Director Jonathan Rubinstein sold 5,264 shares of the business’s stock in a transaction on Thursday, May 9th. The shares were sold at an average price of $190.00, for a total value of $1,000,160.00. Following the sale, the director now owns 104,400 shares in the company, valued at $19,836,000. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Shelley Reynolds sold 2,700 shares of the business’s stock in a transaction dated Tuesday, May 21st. The stock was sold at an average price of $181.39, for a total transaction of $489,753.00. Following the completion of the sale, the vice president now owns 119,780 shares in the company, valued at $21,726,894.20. The disclosure for this sale can be found here. Insiders have sold 6,111,990 shares of company stock valued at $1,222,095,188 over the last quarter. 10.80% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Amazon.com

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Cooksen Wealth LLC purchased a new stake in Amazon.com in the 4th quarter worth about $30,000. PayPay Securities Corp lifted its holdings in shares of Amazon.com by 64.6% in the 2nd quarter. PayPay Securities Corp now owns 163 shares of the e-commerce giant’s stock worth $32,000 after buying an additional 64 shares during the period. Strid Group LLC bought a new position in Amazon.com during the 4th quarter worth about $43,000. Harbor Investment Advisory LLC increased its position in Amazon.com by 0.7% during the 4th quarter. Harbor Investment Advisory LLC now owns 299,959 shares of the e-commerce giant’s stock valued at $46,000 after purchasing an additional 1,988 shares during the period. Finally, Clarity Asset Management Inc. purchased a new position in Amazon.com during the fourth quarter valued at approximately $46,000. 72.20% of the stock is currently owned by hedge funds and other institutional investors.

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.