Amazon.com, Inc. (NASDAQ:AMZN) Given Consensus Rating of “Moderate Buy” by Brokerages

Amazon.com, Inc. (NASDAQ:AMZN) has been assigned an average recommendation of “Moderate Buy” from the forty-five analysts that are presently covering the firm, Marketbeat reports. Two investment analysts have rated the stock with a hold recommendation, forty-two have assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1 year price target among analysts that have issued a report on the stock in the last year is $260.65.

A number of brokerages recently issued reports on AMZN. DA Davidson boosted their price target on Amazon.com from $235.00 to $280.00 and gave the company a “buy” rating in a report on Friday, February 7th. Tigress Financial lifted their target price on Amazon.com from $245.00 to $290.00 and gave the company a “buy” rating in a research report on Friday, December 20th. Moffett Nathanson increased their price target on Amazon.com from $235.00 to $248.00 and gave the stock a “buy” rating in a research report on Tuesday, November 26th. Oppenheimer lifted their price objective on Amazon.com from $230.00 to $260.00 and gave the company an “outperform” rating in a report on Friday, February 7th. Finally, Maxim Group increased their target price on shares of Amazon.com from $260.00 to $280.00 and gave the stock a “buy” rating in a report on Friday, February 7th.

Amazon.com Stock Performance

AMZN stock opened at $205.02 on Thursday. The firm has a market cap of $2.17 trillion, a price-to-earnings ratio of 37.07, a PEG ratio of 1.50 and a beta of 1.15. Amazon.com has a twelve month low of $151.61 and a twelve month high of $242.52. The company has a quick ratio of 0.87, a current ratio of 1.06 and a debt-to-equity ratio of 0.18. The business’s fifty day simple moving average is $226.04 and its two-hundred day simple moving average is $206.30.

Amazon.com (NASDAQ:AMZN) last posted its quarterly earnings results on Thursday, February 6th. The e-commerce giant reported $1.86 EPS for the quarter, topping the consensus estimate of $1.52 by $0.34. Amazon.com had a net margin of 9.29% and a return on equity of 24.25%. Analysts predict that Amazon.com will post 6.31 earnings per share for the current year.

Insider Buying and Selling at Amazon.com

In other Amazon.com news, Director Jonathan Rubinstein sold 4,351 shares of Amazon.com stock in a transaction on Monday, December 9th. The shares were sold at an average price of $229.85, for a total value of $1,000,077.35. Following the completion of the transaction, the director now owns 88,203 shares of the company’s stock, valued at approximately $20,273,459.55. The trade was a 4.70 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, SVP David Zapolsky sold 19,212 shares of the stock in a transaction dated Monday, February 24th. The stock was sold at an average price of $217.50, for a total transaction of $4,178,610.00. Following the sale, the senior vice president now directly owns 49,950 shares in the company, valued at approximately $10,864,125. The trade was a 27.78 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 106,649 shares of company stock valued at $23,871,905. 10.80% of the stock is owned by company insiders.

Institutional Trading of Amazon.com

A number of institutional investors and hedge funds have recently made changes to their positions in AMZN. Prudent Man Investment Management Inc. acquired a new position in Amazon.com during the fourth quarter worth $27,000. Accordant Advisory Group Inc lifted its stake in Amazon.com by 400.0% in the 4th quarter. Accordant Advisory Group Inc now owns 125 shares of the e-commerce giant’s stock valued at $27,000 after buying an additional 100 shares in the last quarter. LSV Asset Management acquired a new stake in Amazon.com in the 4th quarter worth about $35,000. Perritt Capital Management Inc increased its stake in Amazon.com by 72.7% during the 4th quarter. Perritt Capital Management Inc now owns 190 shares of the e-commerce giant’s stock worth $42,000 after buying an additional 80 shares in the last quarter. Finally, Hoese & Co LLP acquired a new position in shares of Amazon.com during the third quarter valued at approximately $37,000. 72.20% of the stock is currently owned by hedge funds and other institutional investors.

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.