Amazon.com (NASDAQ:AMZN) Rating Reiterated by BMO Capital Markets

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

Other analysts have also recently issued research reports about the stock. Benchmark reiterated a buy rating and set a $200.00 price target on shares of Amazon.com in a research note on Friday, August 2nd. Barclays increased their target price on shares of Amazon.com from $220.00 to $235.00 and gave the stock an overweight rating in a research note on Friday, August 2nd. JMP Securities boosted their price target on Amazon.com from $245.00 to $265.00 and gave the company a market outperform rating in a research report on Tuesday, September 3rd. Needham & Company LLC reaffirmed a buy rating and set a $210.00 price objective on shares of Amazon.com in a research report on Thursday, September 12th. Finally, Rosenblatt Securities lifted their target price on Amazon.com from $220.00 to $221.00 and gave the company a buy rating in a research note on Friday, August 2nd. One analyst has rated the stock with a hold rating, forty have issued a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat.com, Amazon.com presently has an average rating of Buy and an average price target of $222.84.

Amazon.com Trading Up 0.9 %

AMZN opened at $191.60 on Thursday. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.88 and a current ratio of 1.10. Amazon.com has a one year low of $118.35 and a one year high of $201.20. The company has a market cap of $1.99 trillion, a P/E ratio of 53.67, a PEG ratio of 1.39 and a beta of 1.14. The business’s 50-day simple moving average is $178.54 and its 200-day simple moving average is $182.10.

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

Insider Activity at Amazon.com

In other news, insider Jeffrey P. Bezos sold 1,228,993 shares of the stock in a transaction dated Monday, July 8th. The shares were sold at an average price of $200.36, for a total transaction of $246,241,037.48. Following the transaction, the insider now directly owns 930,696,284 shares in the company, valued at approximately $186,474,307,462.24. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. In other Amazon.com news, insider Jeffrey P. Bezos sold 1,228,993 shares of the business’s stock in a transaction dated Monday, July 8th. The stock was sold at an average price of $200.36, for a total transaction of $246,241,037.48. Following the completion of the sale, the insider now owns 930,696,284 shares of the company’s stock, valued at $186,474,307,462.24. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CFO Brian T. Olsavsky sold 14,600 shares of the company’s stock in a transaction dated Wednesday, August 21st. The stock was sold at an average price of $180.00, for a total value of $2,628,000.00. Following the sale, the chief financial officer now owns 49,000 shares of the company’s stock, valued at $8,820,000. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 6,104,317 shares of company stock worth $1,220,621,322. 10.80% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Collective Family Office LLC increased its holdings in Amazon.com by 9.7% in the 1st quarter. Collective Family Office LLC now owns 9,278 shares of the e-commerce giant’s stock valued at $1,674,000 after purchasing an additional 819 shares in the last quarter. Phillips Wealth Planners LLC lifted its position in Amazon.com by 9.2% during the 1st quarter. Phillips Wealth Planners LLC now owns 2,655 shares of the e-commerce giant’s stock worth $487,000 after acquiring an additional 224 shares in the last quarter. Bayesian Capital Management LP purchased a new position in Amazon.com in the 4th quarter worth approximately $5,926,000. Clearstead Trust LLC raised its stake in shares of Amazon.com by 25.8% during the fourth quarter. Clearstead Trust LLC now owns 65,539 shares of the e-commerce giant’s stock valued at $9,958,000 after purchasing an additional 13,454 shares during the period. Finally, Summa Corp. acquired a new position in shares of Amazon.com during the fourth quarter worth $1,506,000. 72.20% of the stock is owned by institutional investors and hedge funds.

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.