Cantor Fitzgerald Reiterates “Overweight” Rating for Amazon.com (NASDAQ:AMZN)

Cantor Fitzgerald reaffirmed their overweight rating on shares of Amazon.com (NASDAQ:AMZN) in a research note issued to investors on Wednesday morning,Benzinga reports. The firm currently has a $270.00 target price on the e-commerce giant’s stock.

Several other equities analysts have also commented on AMZN. JMP Securities reissued a “market outperform” rating and issued a $285.00 target price on shares of Amazon.com in a report on Friday, January 10th. Bank of America lifted their price objective on shares of Amazon.com from $210.00 to $230.00 and gave the company a “buy” rating in a research note on Friday, November 1st. HSBC upped their target price on Amazon.com from $225.00 to $270.00 and gave the stock a “buy” rating in a research note on Monday, January 13th. Roth Mkm lifted their price target on Amazon.com from $220.00 to $250.00 and gave the company a “buy” rating in a research note on Monday, December 9th. Finally, Sanford C. Bernstein upped their price objective on Amazon.com from $235.00 to $265.00 and gave the stock an “outperform” rating in a research report on Wednesday, December 18th. Two equities research analysts have 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, the company has an average rating of “Moderate Buy” and an average target price of $247.72.

Amazon.com Trading Up 1.9 %

Shares of AMZN stock opened at $235.01 on Wednesday. The stock has a market cap of $2.47 trillion, a P/E ratio of 50.32, a price-to-earnings-growth ratio of 1.26 and a beta of 1.14. Amazon.com has a 1 year low of $151.61 and a 1 year high of $235.44. The company has a current ratio of 1.09, a quick ratio of 0.87 and a debt-to-equity ratio of 0.21. The stock has a 50 day simple moving average of $218.73 and a 200 day simple moving average of $196.68.

Amazon.com (NASDAQ:AMZN) last released its earnings results on Thursday, October 31st. The e-commerce giant reported $1.43 earnings per share for the quarter, beating analysts’ consensus estimates of $1.14 by $0.29. Amazon.com had a return on equity of 22.41% and a net margin of 8.04%. The firm had revenue of $158.88 billion during the quarter, compared to the consensus estimate of $157.28 billion. During the same period in the prior year, the company posted $0.85 EPS. The company’s revenue was up 11.0% compared to the same quarter last year. On average, research analysts predict that Amazon.com will post 5.39 earnings per share for the current fiscal year.

Insider Transactions at Amazon.com

In related news, CEO Matthew S. Garman sold 15,260 shares of the stock in a transaction on Thursday, November 21st. The stock was sold at an average price of $200.19, for a total value of $3,054,899.40. Following the transaction, the chief executive officer now directly owns 349,261 shares in the company, valued at $69,918,559.59. This trade represents a 4.19 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Jeffrey P. Bezos sold 2,996,362 shares of the business’s stock in a transaction on Friday, November 8th. The shares were sold at an average price of $208.85, for a total transaction of $625,790,203.70. Following the sale, the insider now owns 917,416,976 shares of the company’s stock, valued at $191,602,535,437.60. This trade represents a 0.33 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 6,032,344 shares of company stock valued at $1,253,456,822 in the last 90 days. 10.80% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the business. Signaturefd LLC increased its position in shares of Amazon.com by 0.6% during the second quarter. Signaturefd LLC now owns 262,511 shares of the e-commerce giant’s stock valued at $50,730,000 after acquiring an additional 1,644 shares during the last quarter. Lee Danner & Bass Inc. purchased a new stake in shares of Amazon.com during the 2nd quarter valued at $31,840,000. Key Financial Inc boosted its holdings in shares of Amazon.com by 0.8% in the 2nd quarter. Key Financial Inc now owns 26,736 shares of the e-commerce giant’s stock worth $5,167,000 after buying an additional 211 shares during the last quarter. Boston Financial Mangement LLC boosted its holdings in shares of Amazon.com by 0.5% in the 2nd quarter. Boston Financial Mangement LLC now owns 197,587 shares of the e-commerce giant’s stock worth $38,184,000 after buying an additional 975 shares during the last quarter. Finally, Atlas Capital Advisors LLC increased its holdings in Amazon.com by 631.3% during the second quarter. Atlas Capital Advisors LLC now owns 45,715 shares of the e-commerce giant’s stock worth $8,834,000 after buying an additional 39,464 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.