Amazon.com (NASDAQ:AMZN) Research Coverage Started at Westpark Capital

Westpark Capital initiated coverage on shares of Amazon.com (NASDAQ:AMZN) in a research report sent to investors on Tuesday morning, MarketBeat Ratings reports. The brokerage issued a buy rating and a $280.00 target price on the e-commerce giant’s stock.

Other analysts have also issued reports about the company. Piper Sandler reaffirmed an “overweight” rating and set a $265.00 target price (up from $225.00) on shares of Amazon.com in a research report on Friday, February 7th. Phillip Securities lowered Amazon.com from a “strong-buy” rating to a “moderate buy” rating in a research report on Monday, February 10th. BMO Capital Markets restated an “outperform” rating and set a $236.00 price objective on shares of Amazon.com in a research report on Tuesday, December 3rd. Jefferies Financial Group reduced their target price on shares of Amazon.com from $275.00 to $250.00 and set a “buy” rating for the company in a research note on Monday. Finally, DA Davidson lifted their price target on Amazon.com from $235.00 to $280.00 and gave the company a “buy” rating in a report on Friday, February 7th. Two equities research analysts have rated the stock with a hold rating, forty-three have issued a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $260.53.

Amazon.com Stock Down 9.0 %

Shares of NASDAQ AMZN opened at $178.41 on Tuesday. The stock has a fifty day moving average price of $213.46 and a 200 day moving average price of $209.01. The company has a current ratio of 1.06, a quick ratio of 0.87 and a debt-to-equity ratio of 0.18. Amazon.com has a 12-month low of $151.61 and a 12-month high of $242.52. The company has a market cap of $1.89 trillion, a P/E ratio of 32.26, a P/E/G ratio of 1.50 and a beta of 1.19.

Amazon.com (NASDAQ:AMZN) last posted its 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 return on equity of 24.25% and a net margin of 9.29%. Research analysts anticipate that Amazon.com will post 6.31 EPS for the current fiscal year.

Insider Activity

In related news, CEO Andrew R. Jassy sold 20,784 shares of the stock in a transaction dated Friday, February 21st. The stock was sold at an average price of $220.65, for a total transaction of $4,585,989.60. Following the completion of the transaction, the chief executive officer now directly owns 2,118,886 shares in the company, valued at approximately $467,532,195.90. This trade represents a 0.97 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Douglas J. Herrington sold 27,500 shares of the business’s stock in a transaction that occurred on Wednesday, February 12th. The shares were sold at an average price of $230.27, for a total value of $6,332,425.00. Following the completion of the sale, the chief executive officer now owns 497,067 shares in the company, valued at $114,459,618.09. The trade was a 5.24 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 104,798 shares of company stock valued at $23,341,803 in the last quarter. Company insiders own 10.80% of the company’s stock.

Institutional Trading of Amazon.com

A number of institutional investors have recently made changes to their positions in the business. Rench Wealth Management Inc. grew its stake in Amazon.com by 7.9% in the third quarter. Rench Wealth Management Inc. now owns 50,403 shares of the e-commerce giant’s stock valued at $9,392,000 after purchasing an additional 3,703 shares in the last quarter. Blankinship & Foster LLC increased its holdings in Amazon.com by 216.4% during the third quarter. Blankinship & Foster LLC now owns 6,930 shares of the e-commerce giant’s stock worth $1,291,000 after buying an additional 4,740 shares during the last quarter. Umpqua Bank increased its holdings in Amazon.com by 0.4% during the third quarter. Umpqua Bank now owns 35,120 shares of the e-commerce giant’s stock worth $6,544,000 after buying an additional 137 shares during the last quarter. One Wealth Capital Management LLC bought a new stake in Amazon.com during the fourth quarter worth $4,270,000. Finally, Floyd Financial Group LLC acquired a new stake in Amazon.com in the fourth quarter valued at $4,494,000. 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.