Amazon.com (NASDAQ:AMZN) Earns “Market Outperform” Rating from JMP Securities

JMP Securities reiterated their market outperform rating on shares of Amazon.com (NASDAQ:AMZN) in a research note published on Friday, Benzinga reports. The brokerage currently has a $265.00 price target on the e-commerce giant’s stock.

AMZN has been the topic of several other reports. BMO Capital Markets reaffirmed an outperform rating and set a $230.00 price objective on shares of Amazon.com in a research report on Thursday, September 19th. Rosenblatt Securities raised their price target on shares of Amazon.com from $220.00 to $221.00 and gave the company a buy rating in a report on Friday, August 2nd. Wedbush reissued an outperform rating and set a $225.00 price objective on shares of Amazon.com in a report on Friday, August 2nd. Itau BBA Securities cut shares of Amazon.com from an outperform rating to a market perform rating and set a $186.00 target price on the stock. in a report on Friday, August 2nd. Finally, Wolfe Research assumed coverage on shares of Amazon.com in a research note on Tuesday, July 16th. They set an outperform rating and a $250.00 target price for the company. One investment 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’s stock. Based on data from MarketBeat.com, Amazon.com currently has a consensus rating of Buy and a consensus price target of $223.65.

Amazon.com Trading Up 2.5 %

Shares of NASDAQ AMZN opened at $186.51 on Friday. The firm’s 50 day moving average price is $179.17 and its 200-day moving average price is $182.99. Amazon.com has a 52-week low of $118.35 and a 52-week high of $201.20. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.88 and a current ratio of 1.10. The company has a market cap of $1.94 trillion, a PE ratio of 52.24, a P/E/G ratio of 1.46 and a beta of 1.14.

Amazon.com (NASDAQ:AMZN) last released its quarterly earnings data on Thursday, August 1st. The e-commerce giant reported $1.23 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.05 by $0.18. The business had revenue of $147.98 billion for the quarter, compared to analysts’ expectations of $148.63 billion. Amazon.com had a return on equity of 21.39% and a net margin of 7.35%. On average, equities research analysts expect that Amazon.com will post 4.86 EPS for the current fiscal year.

Insider Buying and Selling at Amazon.com

In other news, VP Shelley Reynolds sold 3,791 shares of Amazon.com stock in a transaction dated Wednesday, August 21st. The stock was sold at an average price of $181.04, for a total value of $686,322.64. Following the sale, the vice president now directly owns 121,461 shares of the company’s stock, valued at approximately $21,989,299.44. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In related news, insider Jeffrey P. Bezos sold 266,396 shares of the firm’s stock in a transaction on Wednesday, July 10th. The shares were sold at an average price of $200.01, for a total value of $53,281,863.96. Following the completion of the transaction, the insider now directly owns 928,433,873 shares of the company’s stock, valued at approximately $185,696,058,938.73. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, VP Shelley Reynolds sold 3,791 shares of the company’s stock in a transaction on Wednesday, August 21st. The shares were sold at an average price of $181.04, for a total transaction of $686,322.64. Following the sale, the vice president now directly owns 121,461 shares in the company, valued at approximately $21,989,299.44. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 320,751 shares of company stock valued at $63,159,286 in the last 90 days. Insiders own 10.80% of the company’s stock.

Hedge Funds Weigh In On Amazon.com

A number of institutional investors and hedge funds have recently made changes to their positions in AMZN. Vanguard Group Inc. grew its position in Amazon.com by 1.9% in the first quarter. Vanguard Group Inc. now owns 785,811,114 shares of the e-commerce giant’s stock worth $141,744,609,000 after acquiring an additional 14,724,687 shares in the last quarter. Norges Bank purchased a new position in shares of Amazon.com in the 4th quarter worth approximately $17,700,551,000. Capital Research Global Investors increased its position in shares of Amazon.com by 8.5% during the 1st quarter. Capital Research Global Investors now owns 86,982,857 shares of the e-commerce giant’s stock valued at $15,689,968,000 after purchasing an additional 6,810,145 shares during the last quarter. Legal & General Group Plc raised its holdings in Amazon.com by 1.5% during the 2nd quarter. Legal & General Group Plc now owns 69,686,374 shares of the e-commerce giant’s stock valued at $13,466,933,000 after buying an additional 1,042,177 shares during the period. Finally, Bank of New York Mellon Corp lifted its position in Amazon.com by 0.4% in the second quarter. Bank of New York Mellon Corp now owns 67,745,972 shares of the e-commerce giant’s stock worth $13,091,909,000 after buying an additional 289,532 shares during the last quarter. 72.20% of the stock is owned by hedge funds and other 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.