Amazon.com (NASDAQ:AMZN) Given Buy Rating at Needham & Company LLC

Amazon.com (NASDAQ:AMZN)‘s stock had its “buy” rating restated by stock analysts at Needham & Company LLC in a research note issued on Monday, Benzinga reports. They presently have a $205.00 price target on the e-commerce giant’s stock. Needham & Company LLC’s price objective indicates a potential upside of 2.50% from the company’s previous close.

Several other equities research analysts also recently issued reports on the stock. Moffett Nathanson reissued a “buy” rating and set a $228.00 price objective on shares of Amazon.com in a research report on Thursday, April 11th. Loop Capital raised their target price on shares of Amazon.com from $215.00 to $225.00 and gave the company a “buy” rating in a research report on Monday, May 6th. Roth Mkm reaffirmed a “buy” rating and issued a $210.00 target price (up previously from $205.00) on shares of Amazon.com in a research report on Wednesday, May 1st. Evercore ISI raised their target price on shares of Amazon.com from $220.00 to $225.00 and gave the company an “outperform” rating in a research report on Wednesday, May 1st. Finally, Maxim Group cut their price target on shares of Amazon.com from $318.00 to $238.00 and set a “buy” rating for the company in a research note on Wednesday, May 1st. One analyst has rated the stock with a hold rating, forty-three have assigned a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, Amazon.com has a consensus rating of “Buy” and an average price target of $215.86.

Amazon.com Trading Up 1.4 %

Shares of NASDAQ AMZN opened at $200.00 on Monday. The company’s 50 day simple moving average is $184.27 and its 200 day simple moving average is $173.63. Amazon.com has a fifty-two week low of $118.35 and a fifty-two week high of $200.43. The firm has a market capitalization of $2.08 trillion, a P/E ratio of 56.02, a P/E/G ratio of 1.38 and a beta of 1.15. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.07 and a quick ratio of 0.87.

Amazon.com (NASDAQ:AMZN) last announced 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 net margin of 6.38% and a return on equity of 19.86%. The business had revenue of $143.31 billion for the quarter, compared to analyst estimates of $142.65 billion. During the same period in the prior year, the business posted $0.31 earnings per share. Amazon.com’s revenue was up 12.5% compared to the same quarter last year. On average, analysts predict that Amazon.com will post 4.72 EPS for the current year.

Insiders Place Their Bets

In other news, VP Shelley Reynolds sold 2,700 shares of the stock in a transaction dated Tuesday, May 21st. The shares were sold at an average price of $181.39, for a total value of $489,753.00. Following the completion of the sale, the vice president now owns 119,780 shares in the company, valued at $21,726,894.20. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. In related news, VP Shelley Reynolds sold 2,700 shares of the firm’s stock in a transaction dated Tuesday, May 21st. The shares were sold at an average price of $181.39, for a total transaction of $489,753.00. Following the completion of the sale, the vice president now owns 119,780 shares in the company, valued at $21,726,894.20. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Adam Selipsky sold 500 shares of the firm’s stock in a transaction dated Thursday, April 18th. The stock was sold at an average price of $181.38, for a total transaction of $90,690.00. Following the sale, the chief executive officer now owns 130,600 shares of the company’s stock, valued at approximately $23,688,228. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 66,548 shares of company stock worth $12,180,239. 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 added to or reduced their stakes in the business. Modus Advisors LLC boosted its position in Amazon.com by 1.2% during the second quarter. Modus Advisors LLC now owns 35,499 shares of the e-commerce giant’s stock worth $6,860,000 after purchasing an additional 434 shares during the period. Marcum Wealth LLC boosted its position in Amazon.com by 2.9% during the second quarter. Marcum Wealth LLC now owns 35,821 shares of the e-commerce giant’s stock worth $6,922,000 after purchasing an additional 1,015 shares during the period. Massmutual Trust Co. FSB ADV boosted its position in Amazon.com by 4.5% during the second quarter. Massmutual Trust Co. FSB ADV now owns 460,510 shares of the e-commerce giant’s stock worth $88,994,000 after purchasing an additional 19,791 shares during the period. GAMMA Investing LLC boosted its position in Amazon.com by 50.1% during the second quarter. GAMMA Investing LLC now owns 99,974 shares of the e-commerce giant’s stock worth $19,320,000 after purchasing an additional 33,384 shares during the period. Finally, Park Place Capital Corp boosted its position in Amazon.com by 6.7% during the second quarter. Park Place Capital Corp now owns 21,190 shares of the e-commerce giant’s stock worth $4,095,000 after purchasing an additional 1,333 shares during the period. Institutional investors own 72.20% of the company’s stock.

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.