Amazon.com’s (AMZN) Market Outperform Rating Reiterated at JMP Securities

JMP Securities restated their market outperform rating on shares of Amazon.com (NASDAQ:AMZN) in a report released on Monday,Benzinga reports. They currently have a $285.00 price objective on the e-commerce giant’s stock.

A number of other brokerages have also recently issued reports on AMZN. Evercore ISI increased their price objective on shares of Amazon.com from $240.00 to $260.00 and gave the company an “outperform” rating in a research note on Friday, November 1st. Scotiabank raised their target price on Amazon.com from $245.00 to $246.00 and gave the stock a “sector outperform” rating in a research report on Friday, November 1st. BMO Capital Markets reaffirmed an “outperform” rating and issued a $236.00 target price on shares of Amazon.com in a report on Tuesday, December 3rd. Needham & Company LLC reaffirmed a “buy” rating and set a $250.00 price objective on shares of Amazon.com in a research note on Tuesday, December 10th. Finally, Susquehanna increased their target price on Amazon.com from $220.00 to $230.00 and gave the stock a “positive” rating in a report on Friday, November 1st. Two investment analysts have rated the stock with a hold rating, forty-one have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $242.00.

Amazon.com Stock Down 4.6 %

AMZN stock opened at $220.52 on Monday. The stock has a market capitalization of $2.32 trillion, a price-to-earnings ratio of 47.22, a price-to-earnings-growth ratio of 1.54 and a beta of 1.16. The company has a 50-day moving average of $204.37 and a two-hundred day moving average of $190.75. Amazon.com has a 52-week low of $144.05 and a 52-week high of $233.00. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.09 and a quick ratio of 0.87.

Amazon.com (NASDAQ:AMZN) last announced its quarterly earnings data on Thursday, October 31st. The e-commerce giant reported $1.43 EPS for the quarter, beating analysts’ consensus estimates of $1.14 by $0.29. Amazon.com had a net margin of 8.04% and a return on equity of 22.41%. The business had revenue of $158.88 billion during the quarter, compared to analyst estimates of $157.28 billion. During the same quarter in the prior year, the business earned $0.85 earnings per share. The firm’s revenue for the quarter was up 11.0% on a year-over-year basis. As a group, equities research analysts anticipate that Amazon.com will post 5.29 EPS for the current year.

Insider Buying and Selling at Amazon.com

In other news, insider Jeffrey P. Bezos sold 2,996,362 shares of the company’s stock in a transaction dated Friday, November 8th. The stock was sold at an average price of $208.85, for a total value of $625,790,203.70. Following the completion of the transaction, the insider now directly owns 917,416,976 shares in the company, valued at approximately $191,602,535,437.60. This represents a 0.33 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP David Zapolsky sold 2,190 shares of the firm’s stock in a transaction dated Tuesday, September 24th. The shares were sold at an average price of $195.00, for a total value of $427,050.00. Following the transaction, the senior vice president now directly owns 62,420 shares in the company, valued at approximately $12,171,900. This represents a 3.39 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 6,034,534 shares of company stock valued at $1,253,883,872 over the last three months. 10.80% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Amazon.com

Large investors have recently bought and sold shares of the stock. Icon Wealth Advisors LLC lifted its holdings in Amazon.com by 20.5% in the 3rd quarter. Icon Wealth Advisors LLC now owns 150,661 shares of the e-commerce giant’s stock worth $28,000 after buying an additional 25,581 shares during the period. PayPay Securities Corp lifted its position 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 purchasing an additional 64 shares during the period. Hoese & Co LLP bought a new stake in Amazon.com during the 3rd quarter valued at approximately $37,000. Bull Oak Capital LLC purchased a new position in shares of Amazon.com during the 3rd quarter worth approximately $45,000. Finally, Values First Advisors Inc. purchased a new position in shares of Amazon.com in the 3rd quarter valued at approximately $56,000. 72.20% of the stock is 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.