Amazon.com (NASDAQ:AMZN) Given Market Outperform Rating at JMP Securities

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

AMZN has been the topic of a number of other research reports. Sanford C. Bernstein boosted 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. Susquehanna raised their price objective on shares of Amazon.com from $220.00 to $230.00 and gave the company a “positive” rating in a report on Friday, November 1st. Needham & Company LLC reissued a “buy” rating and set a $250.00 target price on shares of Amazon.com in a report on Tuesday, December 10th. Moffett Nathanson raised their price target on shares of Amazon.com from $235.00 to $248.00 and gave the company a “buy” rating in a research note on Tuesday, November 26th. Finally, The Goldman Sachs Group boosted their price objective on shares of Amazon.com from $230.00 to $240.00 and gave the stock a “buy” rating in a research note on Friday, November 1st. Two investment analysts have rated the stock with a hold rating, forty-one have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $243.67.

Amazon.com Stock Down 1.4 %

Shares of NASDAQ AMZN opened at $218.94 on Friday. The company has a market cap of $2.30 trillion, a price-to-earnings ratio of 46.88, a PEG ratio of 1.54 and a beta of 1.14. The company has a current ratio of 1.09, a quick ratio of 0.87 and a debt-to-equity ratio of 0.21. Amazon.com has a 12 month low of $149.91 and a 12 month high of $233.00. The stock has a 50-day moving average price of $216.20 and a two-hundred day moving average price of $195.34.

Amazon.com (NASDAQ:AMZN) last released its quarterly earnings data on Thursday, October 31st. The e-commerce giant reported $1.43 earnings per share (EPS) for the quarter, topping 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 analysts’ expectations of $157.28 billion. During the same period in the prior year, the company earned $0.85 EPS. The firm’s quarterly revenue was up 11.0% compared to the same quarter last year. As a group, analysts forecast that Amazon.com will post 5.29 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, Director Daniel P. Huttenlocher sold 1,237 shares of the company’s stock in a transaction on Tuesday, November 19th. The shares were sold at an average price of $199.06, for a total value of $246,237.22. Following the transaction, the director now owns 24,912 shares of the company’s stock, valued at approximately $4,958,982.72. This represents a 4.73 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, 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 sale, the director now directly owns 88,203 shares of the company’s stock, valued at $20,273,459.55. This represents a 4.70 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 6,032,344 shares of company stock worth $1,253,456,822. 10.80% of the stock is owned by company insiders.

Institutional Investors Weigh In On Amazon.com

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