Amazon.com, Inc. (NASDAQ:AMZN) Receives Average Rating of “Buy” from Brokerages

Shares of Amazon.com, Inc. (NASDAQ:AMZN) have been assigned an average rating of “Buy” from the forty-three analysts that are presently covering the stock, Marketbeat Ratings reports. One equities research analyst has rated the stock with a hold rating, forty-one have issued a buy rating and one has assigned a strong buy rating to the company. The average 12 month price objective among brokerages that have covered the stock in the last year is $219.82.

Several research firms have recently weighed in on AMZN. Citigroup increased their price objective on Amazon.com from $235.00 to $245.00 and gave the company a “buy” rating in a research report on Wednesday, May 1st. Wedbush restated an “outperform” rating and issued a $225.00 target price on shares of Amazon.com in a research note on Wednesday, May 1st. Argus upped their target price on Amazon.com from $185.00 to $205.00 and gave the company a “buy” rating in a research note on Thursday, May 2nd. Wells Fargo & Company upped their target price on Amazon.com from $234.00 to $239.00 and gave the company an “overweight” rating in a research note on Friday, June 28th. Finally, Monness Crespi & Hardt upped their target price on Amazon.com from $215.00 to $225.00 and gave the company a “buy” rating in a research note on Wednesday, May 1st.

Amazon.com Stock Up 2.1 %

AMZN opened at $186.41 on Wednesday. Amazon.com has a 1-year low of $118.35 and a 1-year high of $201.20. The company has a current ratio of 1.07, a quick ratio of 0.87 and a debt-to-equity ratio of 0.27. The stock has a market capitalization of $1.94 trillion, a price-to-earnings ratio of 52.22, a P/E/G ratio of 1.31 and a beta of 1.15. The business has a 50 day moving average of $187.50 and a 200-day moving average of $178.35.

Amazon.com (NASDAQ:AMZN) last posted its quarterly earnings data on Tuesday, April 30th. The e-commerce giant reported $0.98 earnings per share for the quarter, beating the consensus estimate of $0.83 by $0.15. Amazon.com had a return on equity of 19.86% and a net margin of 6.38%. The company had revenue of $143.31 billion during the quarter, compared to analysts’ expectations of $142.65 billion. During the same period in the prior year, the business earned $0.31 earnings per share. Amazon.com’s revenue for the quarter was up 12.5% compared to the same quarter last year. As a group, sell-side analysts anticipate that Amazon.com will post 4.72 earnings per share for the current year.

Insider Activity at Amazon.com

In related news, insider Jeffrey P. Bezos sold 266,396 shares of the firm’s stock in a transaction dated Wednesday, July 10th. The stock was sold at an average price of $200.01, for a total value of $53,281,863.96. Following the transaction, the insider now owns 928,433,873 shares in the company, valued at $185,696,058,938.73. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. In other Amazon.com news, CEO Douglas J. Herrington sold 3,500 shares of the firm’s stock in a transaction dated Wednesday, May 1st. The stock was sold at an average price of $180.29, for a total transaction of $631,015.00. Following the transaction, the chief executive officer now owns 509,358 shares in the company, valued at $91,832,153.82. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, insider Jeffrey P. Bezos sold 266,396 shares of the firm’s stock in a transaction dated Wednesday, July 10th. The stock was sold at an average price of $200.01, for a total value of $53,281,863.96. Following the transaction, the insider now owns 928,433,873 shares in the company, valued at approximately $185,696,058,938.73. The disclosure for this sale can be found here. Insiders have sold a total of 6,112,990 shares of company stock worth $1,222,250,048 over the last 90 days. Insiders own 10.80% of the company’s stock.

Hedge Funds Weigh In On Amazon.com

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in AMZN. EP Wealth Advisors LLC raised its position in shares of Amazon.com by 21.2% during the third quarter. EP Wealth Advisors LLC now owns 976,449 shares of the e-commerce giant’s stock worth $124,126,000 after purchasing an additional 170,502 shares during the period. Greenfield Savings Bank raised its position in shares of Amazon.com by 1.6% during the fourth quarter. Greenfield Savings Bank now owns 22,756 shares of the e-commerce giant’s stock worth $3,458,000 after purchasing an additional 353 shares during the period. St. Louis Financial Planners Asset Management LLC acquired a new stake in shares of Amazon.com during the fourth quarter worth about $1,975,000. Beach Investment Counsel Inc. PA raised its position in shares of Amazon.com by 88.3% during the fourth quarter. Beach Investment Counsel Inc. PA now owns 198,933 shares of the e-commerce giant’s stock worth $30,226,000 after purchasing an additional 93,305 shares during the period. Finally, WealthPlan Investment Management LLC raised its position in shares of Amazon.com by 0.5% during the fourth quarter. WealthPlan Investment Management LLC now owns 46,113 shares of the e-commerce giant’s stock worth $7,006,000 after purchasing an additional 219 shares during the period. Institutional investors own 72.20% of the company’s stock.

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.