Amazon.com (NASDAQ:AMZN) Stock Rating Lowered by Phillip Securities

Amazon.com (NASDAQ:AMZN) was downgraded by investment analysts at Phillip Securities from a “strong-buy” rating to a “moderate buy” rating in a report released on Monday,Zacks.com reports.

Several other research analysts also recently weighed in on the stock. Barclays upped their price target on shares of Amazon.com from $235.00 to $265.00 and gave the stock an “overweight” rating in a research report on Friday, February 7th. Wedbush reissued an “outperform” rating and set a $280.00 target price on shares of Amazon.com in a report on Friday, February 7th. Wolfe Research lifted their price target on Amazon.com from $250.00 to $270.00 and gave the stock an “outperform” rating in a research note on Friday, January 3rd. The Goldman Sachs Group increased their price objective on Amazon.com from $240.00 to $255.00 and gave the company a “buy” rating in a research note on Friday, February 7th. Finally, Roth Mkm lifted their target price on shares of Amazon.com from $220.00 to $250.00 and gave the stock a “buy” rating in a research note on Monday, December 9th. Two analysts have rated the stock with a hold rating, forty-two have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $260.74.

Amazon.com Stock Performance

Shares of AMZN stock opened at $228.93 on Monday. 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 $151.61 and a 12-month high of $242.52. The business’s 50 day moving average is $227.98 and its two-hundred day moving average is $201.78. The company has a market capitalization of $2.41 trillion, a P/E ratio of 41.40, a P/E/G ratio of 1.36 and a beta of 1.15.

Amazon.com (NASDAQ:AMZN) last released its quarterly earnings results on Thursday, February 6th. The e-commerce giant reported $1.86 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.52 by $0.34. Amazon.com had a net margin of 9.29% and a return on equity of 25.49%. Analysts expect that Amazon.com will post 6.24 EPS for the current fiscal year.

Insider Buying and Selling at Amazon.com

In other news, Director Daniel P. Huttenlocher sold 1,237 shares of the business’s stock in a transaction on Tuesday, November 19th. The stock was sold at an average price of $199.06, for a total value of $246,237.22. Following the completion of the transaction, the director now directly owns 24,912 shares of the company’s stock, valued at $4,958,982.72. The trade was a 4.73 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CEO Douglas J. Herrington sold 5,502 shares of the stock in a transaction on Friday, November 15th. The shares were sold at an average price of $205.81, for a total value of $1,132,366.62. Following the sale, the chief executive officer now directly owns 518,911 shares in the company, valued at approximately $106,797,072.91. The trade was a 1.05 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 29,850 shares of company stock valued at $6,168,581 over the last quarter. Corporate insiders own 10.80% of the company’s stock.

Hedge Funds Weigh In On Amazon.com

A number of institutional investors have recently modified their holdings of the company. MIG Capital LLC purchased a new stake in Amazon.com in the 4th quarter worth approximately $26,561,000. Quadrant Capital Group LLC boosted its holdings in shares of Amazon.com by 1.4% during the fourth quarter. Quadrant Capital Group LLC now owns 124,798 shares of the e-commerce giant’s stock worth $27,379,000 after purchasing an additional 1,704 shares during the last quarter. Ilmarinen Mutual Pension Insurance Co grew its position in shares of Amazon.com by 27.2% in the fourth quarter. Ilmarinen Mutual Pension Insurance Co now owns 1,402,716 shares of the e-commerce giant’s stock valued at $307,742,000 after purchasing an additional 300,000 shares during the period. Russell Investments Group Ltd. increased its stake in Amazon.com by 9.9% in the fourth quarter. Russell Investments Group Ltd. now owns 8,847,683 shares of the e-commerce giant’s stock valued at $1,942,200,000 after purchasing an additional 798,110 shares during the last quarter. Finally, Rahlfs Capital LLC purchased a new position in Amazon.com during the fourth quarter worth about $2,124,000. Institutional investors and hedge funds 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.