Amazon.com’s (AMZN) Outperform Rating Reiterated at BMO Capital Markets

BMO Capital Markets restated their outperform rating on shares of Amazon.com (NASDAQ:AMZN) in a report released on Thursday morning, Benzinga reports. They currently have a $230.00 target price on the e-commerce giant’s stock.

Other equities analysts have also recently issued research reports about the stock. Robert W. Baird lifted their target price on shares of Amazon.com from $210.00 to $213.00 and gave the stock an outperform rating in a research report on Friday, June 21st. Piper Sandler dropped their price target on Amazon.com from $220.00 to $215.00 and set an overweight rating on the stock in a report on Friday, August 2nd. Maxim Group boosted their price objective on Amazon.com from $238.00 to $251.00 and gave the stock a buy rating in a research report on Friday, August 2nd. Morgan Stanley lowered their target price on Amazon.com from $240.00 to $210.00 and set an overweight rating on the stock in a research note on Tuesday, August 6th. Finally, Roth Mkm increased their price target on shares of Amazon.com from $210.00 to $215.00 and gave the company a buy rating in a research report on Friday, August 2nd. One analyst has rated the stock with a hold rating, forty have assigned a buy rating and two have issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of Buy and an average target price of $222.84.

Amazon.com Stock Up 0.9 %

AMZN stock opened at $191.60 on Thursday. The stock’s 50 day moving average is $178.54 and its 200-day moving average is $182.04. Amazon.com has a twelve month low of $118.35 and a twelve month high of $201.20. The firm has a market capitalization of $1.99 trillion, a PE ratio of 53.67, a P/E/G ratio of 1.39 and a beta of 1.14. The company has a quick ratio of 0.88, a current ratio of 1.10 and a debt-to-equity ratio of 0.23.

Amazon.com (NASDAQ:AMZN) last posted its quarterly earnings data on Thursday, August 1st. The e-commerce giant reported $1.23 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.05 by $0.18. The firm had revenue of $147.98 billion for the quarter, compared to the consensus estimate of $148.63 billion. Amazon.com had a net margin of 7.35% and a return on equity of 21.39%. Sell-side analysts expect that Amazon.com will post 4.86 EPS for the current fiscal year.

Insider Activity at Amazon.com

In other Amazon.com news, CEO Douglas J. Herrington sold 3,500 shares of the stock in a transaction that occurred on Monday, July 1st. The shares were sold at an average price of $195.99, for a total transaction of $685,965.00. Following the transaction, the chief executive officer now directly owns 519,753 shares in the company, valued at $101,866,390.47. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, insider Jeffrey P. Bezos sold 3,085,116 shares of the business’s stock in a transaction dated Friday, July 5th. The stock was sold at an average price of $200.07, for a total value of $617,239,158.12. Following the completion of the sale, the insider now owns 931,925,277 shares of the company’s stock, valued at approximately $186,450,290,169.39. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CEO Douglas J. Herrington sold 3,500 shares of the firm’s stock in a transaction that occurred on Monday, July 1st. The stock was sold at an average price of $195.99, for a total value of $685,965.00. Following the transaction, the chief executive officer now owns 519,753 shares in the company, valued at $101,866,390.47. The disclosure for this sale can be found here. In the last three months, insiders have sold 6,104,317 shares of company stock valued at $1,220,621,322. Corporate insiders own 10.80% of the company’s stock.

Institutional Trading of Amazon.com

A number of institutional investors have recently made changes to their positions in the stock. Cooksen Wealth LLC purchased a new position in shares of Amazon.com in the fourth quarter valued at about $30,000. PayPay Securities Corp increased its holdings in Amazon.com by 64.6% during the 2nd quarter. PayPay Securities Corp now owns 163 shares of the e-commerce giant’s stock valued at $32,000 after purchasing an additional 64 shares during the period. Clarity Asset Management Inc. purchased a new position in Amazon.com during the 4th quarter valued at about $46,000. Christopher J. Hasenberg Inc raised its position in Amazon.com by 650.0% during the 2nd quarter. Christopher J. Hasenberg Inc now owns 300 shares of the e-commerce giant’s stock valued at $58,000 after purchasing an additional 260 shares during the last quarter. Finally, Steph & Co. bought a new stake in shares of Amazon.com in the 1st quarter worth approximately $65,000. Hedge funds and other institutional investors 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.