Amazon.com (NASDAQ:AMZN) Rating Reiterated by Cantor Fitzgerald

Cantor Fitzgerald reiterated their overweight rating on shares of Amazon.com (NASDAQ:AMZN) in a research report report published on Monday morning, Benzinga reports. They currently have a $230.00 target price on the e-commerce giant’s stock.

AMZN has been the topic of a number of other reports. Evercore ISI upped their price objective on Amazon.com from $225.00 to $240.00 and gave the company an outperform rating in a report on Friday, September 20th. Itau BBA Securities cut Amazon.com from an outperform rating to a market perform rating and set a $186.00 target price for the company. in a report on Friday, August 2nd. Bank of America decreased their price target on Amazon.com from $220.00 to $210.00 and set a buy rating for the company in a research note on Friday, August 2nd. Sanford C. Bernstein raised their target price on Amazon.com from $210.00 to $215.00 and gave the stock an outperform rating in a research note on Monday, July 22nd. Finally, Wells Fargo & Company decreased their target price on Amazon.com from $232.00 to $225.00 and set an overweight rating for the company in a research note on Monday, August 26th. One equities research analyst has 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’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of Buy and an average target price of $222.84.

Amazon.com Stock Down 0.7 %

NASDAQ:AMZN opened at $191.16 on Monday. The firm has a market capitalization of $2.01 trillion, a price-to-earnings ratio of 53.32, a price-to-earnings-growth ratio of 1.46 and a beta of 1.14. Amazon.com has a twelve month low of $118.35 and a twelve month high of $201.20. The stock’s 50 day moving average price is $178.68 and its two-hundred day moving average price is $182.42. The company has a quick ratio of 0.88, a current ratio of 1.10 and a debt-to-equity ratio of 0.23.

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

Insider Activity

In other Amazon.com news, CEO Douglas J. Herrington sold 3,500 shares of Amazon.com stock in a transaction dated Monday, July 1st. The stock was sold at an average price of $195.99, for a total transaction of $685,965.00. Following the completion of the sale, the chief executive officer now owns 519,753 shares of the company’s stock, valued at $101,866,390.47. The sale was disclosed in a filing with the SEC, which is available at the SEC website. In related news, CEO Douglas J. Herrington sold 3,500 shares of the business’s stock in a transaction dated Monday, July 1st. The stock was sold at an average price of $195.99, for a total transaction of $685,965.00. Following the transaction, the chief executive officer now owns 519,753 shares in the company, valued at approximately $101,866,390.47. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, SVP David Zapolsky sold 2,190 shares of the company’s stock in a transaction that occurred on Tuesday, September 24th. The stock was sold at an average price of $195.00, for a total value of $427,050.00. Following the transaction, the senior vice president now owns 62,420 shares in the company, valued at approximately $12,171,900. The disclosure for this sale can be found here. Over the last three months, insiders sold 6,101,797 shares of company stock worth $1,220,129,922. 10.80% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Amazon.com

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Alternative Investment Advisors LLC. bought a new position in Amazon.com in the 2nd quarter valued at approximately $1,923,000. Greater Midwest Financial Group LLC boosted its stake in shares of Amazon.com by 4.3% in the 2nd quarter. Greater Midwest Financial Group LLC now owns 54,579 shares of the e-commerce giant’s stock worth $10,547,000 after buying an additional 2,251 shares during the last quarter. Centaurus Financial Inc. lifted its position in Amazon.com by 63.3% during the second quarter. Centaurus Financial Inc. now owns 154,607 shares of the e-commerce giant’s stock valued at $29,878,000 after purchasing an additional 59,945 shares in the last quarter. Healthcare of Ontario Pension Plan Trust Fund lifted its position in Amazon.com by 164.1% during the second quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 1,053,958 shares of the e-commerce giant’s stock valued at $203,677,000 after purchasing an additional 654,908 shares in the last quarter. Finally, Sensible Money LLC lifted its position in Amazon.com by 3.2% during the second quarter. Sensible Money LLC now owns 3,590 shares of the e-commerce giant’s stock valued at $694,000 after purchasing an additional 111 shares in the last quarter. 72.20% of the stock is owned by 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.